CL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.015%

Price spread now: Lighter against SoDEX−0.028%7-day average −0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on SoDEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.037%+$104 on $10k

Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.028%, 7d avg −0.133%

Together, before fees+1.294%+ Points / potential airdropLighter: Season 3 · farm board+$129 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.105% dearer against SoDEX than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.133%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days. Mind the row above: over the last 4 days funding on this pair paid +1.037%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CL-USD	90.350	0.0050	pay 0.0006% / 1h	7m 52s	$2.0M	$80K	20x
Short	Lighter WTI	90.325	0.0032	get 0.0004% / 1h	7m 52s	$10.8M	$9.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee LighterbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$3.78
Price spread: −0.028% → −0.133%: $10.5
Slippage, 4 orders: −$33.89
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.17
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Lighter: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 4 min ago	1.05 bp	19.3 bp −$19	89.1 bp −$891	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.05 bp	0.1 bp $0	0.2 bp −$2	5.1 bp −$505	29.0 bp −$14.5K

CL on 36 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0366%	1h	90.307	−0.048%	$306K	$1.3M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0303%	1h	90.320	−0.033%	$181K	$422K	15x	as long as short
Aster CLUSD1	−0.0159%	4h	90.370	+0.022%	$24.6M	$66.7M	20x	as long as short
Bitget CLUSDT	−0.0110%	4h	90.295	−0.061%	$41.1M	$49.4M	100x	as long as short
Binance CLUSDT	−0.0105%	4h	90.308	−0.047%	$246.1M	$1.11B	100x	as long as short
Ondo Perps WTI-USD.P	−0.0082%	1h	90.250	−0.111%	$3.4M	$5.7M	20x	as long as short
Variational Omni CL	−0.0082%	4h	90.495	+0.160%	$12.9M	$11.1M	—	as long as short
Nado WTI-PERP	−0.0078%	1h	90.349	−0.001%	$874K	$668K	10x	as long as short
Extended WTI-USD	−0.0072%	1h	90.270	−0.089%	$1.4M	$13.4M	10x	as long as short
Gate CL_USDT	−0.0064%	8h	90.240	−0.122%	$23.3M	$54.6M	100x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0055%	1h	90.308	−0.046%	$173.9M	$208.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0054%	4h	90.509	+0.176%	$70K	$616K	25x	as long as short
edgeX CLUSDC	−0.0040%	4h	90.482	+0.146%	$506K	$378K	30x	as long as short
Aftermath Perps WTIUSD	−0.0032%	1h	90.586	+0.262%	$1K	$27K	5x	as long as short
QFEX CL-USD	−0.0023%	1h	90.330	−0.022%	$2.2M	$2.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0016%	4h	90.290	−0.066%	$40.8M	$118.2M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.964	−0.427%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.336	−0.016%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.306	−0.049%	$27.0M	$96.3M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.354	+0.005%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.326	−0.026%	$17K	$238K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.270	−0.089%	$430K	$1.3M	15x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	90.273	−0.085%	$15K	$367	5x	as long as short
Lighter WTIshort	+0.0032%	1h	90.325	−0.028%	$10.8M	$9.9M	20x
Injective WTI/USDC PERP	+0.0033%	1h	100.27	+10.977%	$19K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.300	−0.055%	$702K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.300	−0.055%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.291	−0.065%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USDlong	+0.0050%	1h	90.350	long leg	$2.0M	$80K	20x
Phoenix WTIOIL	+0.0053%	1h	90.450	+0.111%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.304	−0.051%	$305K	$717K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.318	−0.035%	$6.8M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.530	+0.199%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.325	−0.027%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0218%	4h	90.320	−0.033%	$3.9M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0250% / S −0.0172%	1h	90.335	−0.017%	$80K	—	111x	as long as short