Entry cost

Cost to open and close $10k of CL, by exchange.

AssetTypeSize25 of 35 venues priced · CSV

Exchange	Half-spread	Buy	Sell	Taker fee	Round trip	In $	Measured up to	Max lev	Median 24h	Median 7d	p10–p90 7d
Lighter WTI · live order book, 3 min agocheapest	0.87 bp	1.0 bp	0.9 bp	0.00 bp	1.8 bp	−$2	$8.1M	20x	1.1 bp	1.3 bp	0.4–2.7 bp
Extended WTI-USD · live order book, 4 min ago	0.87 bp	3.8 bp	4.0 bp	2.50 bp	7.8 bp	−$8	$1.7M	10x	2.9 bp	2.8 bp	0.8–6.3 bp
Aster CLUSD1 · live order book, 4 min ago	0.54 bp	4.9 bp	4.5 bp	4.00 bp	9.4 bp	−$9	$591K	20x	1.1 bp	1.5 bp	1.0–3.5 bp
RISEx CL/USDC · live order book, 4 min ago	1.85 bp	4.8 bp	4.8 bp	3.00 bp	9.7 bp	−$10	$273K	20x	2.9 bp	2.6 bp	1.7–4.1 bp
Nado WTI-PERP · live order book, 23 min ago	0.05 bp	5.4 bp	4.9 bp	3.50 bp	10.3 bp	−$10	$1.3M	10x	3.5 bp	3.3 bp	1.2–6.2 bp
Binance CLUSDT · live order book, 14 min ago	0.54 bp	5.5 bp	5.5 bp	5.00 bp	11.1 bp	−$11	$20.9M	100x	1.1 bp	1.0 bp	1.0–1.1 bp
OKX CL-USDT-SWAP · live order book, 4 min ago	0.54 bp	5.5 bp	5.5 bp	5.00 bp	11.1 bp	−$11	$3.6M	50x	1.1 bp	1.0 bp	1.0–2.4 bp
Bybit CLUSDT · live order book, 4 min ago	0.54 bp	6.3 bp	6.7 bp	5.50 bp	13.0 bp	−$13	$5.3M	150x	1.4 bp	1.8 bp	1.0–3.0 bp
Pacifica CL · live order book, 23 min ago	2.05 bp	7.3 bp	6.6 bp	4.00 bp	14.0 bp	−$14	$14K	10x	5.4 bp	7.6 bp	4.9–12.0 bp
QFEX CL-USD · live order book, 3 min ago	1.63 bp	6.6 bp	7.4 bp	5.00 bp	14.0 bp	−$14	$4.4M	10x	5.0 bp	5.0 bp	3.1–7.1 bp
Polymarket Perps WTIOIL-USD · live order book, 3 min ago	2.71 bp	7.2 bp	6.8 bp	4.00 bp	14.1 bp	−$14	$1.6M	20x	6.2 bp	6.1 bp	3.6–8.0 bp
Deribit WTIOIL_USDC-PERPETUAL · live order book, 54 min ago	0.54 bp	4.0 bp	10.4 bp	3.50 bp	14.5 bp	−$14	$577K	15x	7.2 bp	6.4 bp	1.1–11.2 bp
BloFin CL-USDT · live order book, 3 min ago	1.63 bp	7.6 bp	7.6 bp	6.00 bp	15.3 bp	−$15	$5.5M	50x	2.1 bp	2.1 bp	1.0–4.0 bp
Coinbase International WTIOIL-PERP-INTX · live order book, 23 min ago	2.16 bp	7.2 bp	9.2 bp	5.00 bp	16.3 bp	−$16	$521K	15x	4.4 bp	4.2 bp	2.6–8.8 bp
Bullet WTIOIL-USD · live order book, 24 min ago	1.51 bp	7.2 bp	9.1 bp	4.00 bp	16.4 bp	−$16	$126K	10x	5.0 bp	5.0 bp	4.6–8.7 bp
StandX CL-USD · live order book, 4 min ago	4.34 bp	8.3 bp	8.3 bp	4.00 bp	16.7 bp	−$17	$491K	40x	10.5 bp	10.8 bp	4.6–20.1 bp
Bitget CLUSDT · live order book, 4 min ago	0.38 bp	8.4 bp	8.3 bp	6.00 bp	16.7 bp	−$17	$736K	100x	3.0 bp	3.9 bp	2.2–4.9 bp
tradeXYZ xyz:CL · live order book, 10 min ago	0.05 bp	9.2 bp	9.3 bp	9.00 bp	18.5 bp	−$18	$494K	20x	0.8 bp	0.9 bp	0.1–1.8 bp
Kraken Futures PF_WTIOILUSD · live order book, 3 min ago	2.44 bp	9.0 bp	9.8 bp	5.00 bp	18.8 bp	−$19	$555K	25x	10.2 bp	10.7 bp	8.0–14.7 bp
KuCoin CLUSDTM · live order book, 3 min ago	2.34 bp	10.7 bp	9.0 bp	6.00 bp	19.7 bp	−$20	$99K	50x	9.7 bp	13.3 bp	9.9–16.9 bp
Gate CL_USDT · live order book, 4 min ago	0.54 bp	9.6 bp	11.0 bp	7.50 bp	20.6 bp	−$21	$34.9M	100x	4.2 bp	3.9 bp	2.6–5.4 bp
Phoenix WTIOIL · live order book, 53 min ago	3.23 bp	10.9 bp	11.0 bp	3.50 bp	21.9 bp	−$22	$716K	20x	13.4 bp	13.5 bp	13.4–14.8 bp
edgeX CLUSDC · live order book, 24 min ago	9.25 bp	13.8 bp	13.8 bp	4.50 bp	27.5 bp	−$28	$1.8M	30x	20.2 bp	20.3 bp	19.6–21.1 bp
ApeX Omni CLUSDT · live order book, 22 min ago	6.49 bp	17.7 bp	18.5 bp	5.00 bp	36.2 bp	−$36	$129K	50x	29.9 bp	29.9 bp	25.4–32.8 bp
SoDEX CL-USD · live order book, 4 min ago	0.54 bp	18.9 bp	18.9 bp	4.00 bp	37.8 bp	−$38	$124K	20x	29.9 bp	43.8 bp	40.9–46.6 bp
Variational Omni CL	2.27 bp	the book does not hold this size
Ondo Perps WTI-USD.P	—	no order-book sample in the last 90 minutes
GMX WTIOIL/USD [ETH-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
Injective WTI/USDC PERP	—	below $100k OI and volume: not sampled
Paradex CL-USD-PERP	—	below $100k OI and volume: not sampled
dYdX WTI-USD	—	below $100k OI and volume: not sampled
Aevo WTIOIL-PERP	—	below $100k OI and volume: not sampled
gTrade (Gains Network) WTI/USD	—	no public order book; price impact follows the exchange's formula
Aftermath Perps WTIUSD	—	below $100k OI and volume: not sampled
Vest CL-PERP	—	below $100k OI and volume: not sampled

Slippage is the average fill price of a market order walking the book against the mid; the half-spread is part of it. Fees are each exchange's base taker tier. Exchanges that fill at an oracle price (GMX, Avantis, Jupiter) charge price impact by formula and are not modeled. RFQ exchanges (Variational) quote only $1k, $100k and $1M.