Spread before costs (cost unknown: a leg has no order-book sample)+0.152%
7d average—if it closes, per $10,000$15funding while held, a day−$3.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo WTIOIL-PERP | 92.030 | 0.0104 | pay 0.0013% / 1h | 4m 58s | $4K | $49 | 10x |
| Short | Phoenix WTIOIL | 92.170 | 0 | get 0.0000% / 1h | 4m 58s | $33K | $271K | 20x |
Aevo WTIOIL-PERP
Phoenix WTIOILPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $15.23
- Funding while held
- −$3.12
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$10.89
- Spread needed to break even
- 0.230%
Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 65 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0104%
- Per $10,000 a day
- −$3.12
- Average in range /8h
- —
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 Aevo no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 65 min ago | 3.28 bp | 10.7 bp −$11 | 20.8 bp −$208 | doesn't fit | doesn't fit |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
CL price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)91.746cheapestGate91.980+0.255%Ondo Perps92.020+0.299%GMX92.025+0.304%Bullet92.027+0.306%
gTrade (Gains Network)
Gate
Ondo Perps
GMX
BulletAevo92.030+0.309%
QFEX92.030+0.310%Paradex92.033+0.313%SoDEX92.036+0.316%Binance92.040+0.320%OKX92.040+0.320%Polymarket Perps92.042+0.323%BloFin92.050+0.331%Lighter92.051+0.332%Bitget92.052+0.334%Bybit92.060+0.342%Kraken Futures92.062+0.345%Pacifica92.066+0.349%Aster92.073+0.356%tradeXYZ92.079+0.363%Deribit92.080+0.364%KuCoin92.086+0.371%RISEx92.089+0.374%Extended92.100+0.386%Nado92.118+0.405%Vest92.130+0.419%StandX92.140+0.429%Aftermath Perps92.146+0.436%dYdX92.147+0.437%Coinbase International92.150+0.440%
QFEX
Paradex
SoDEX
Binance
OKX
Polymarket Perps
BloFin
Lighter
Bitget
Bybit
Kraken Futures
Pacifica
Aster
tradeXYZ
Deribit
KuCoin
RISEx
Extended
Nado
Vest
StandX
dYdX
Coinbase InternationalPhoenix92.170+0.462%
Variational Omni92.173+0.465%edgeX92.251+0.551%ApeX Omni92.280+0.582%Injective92.595+0.925%
Variational Omni
ApeX Omni
InjectiveCL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) WTI/USD | −0.308% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| Gate CL_USDT | −0.054% | 0.0000% | 8h | $21.1M | $61.0M | 100x | as long as short |
| Ondo Perps WTI-USD.P | −0.011% | −0.0052% | 1h | $3.5M | $6.1M | 20x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | −0.005% | L +0.0132% / S +0.0029% | 1h | $79K | — | 111x | as long as short |
| Bullet WTIOIL-USD | −0.003% | 0.0000% | 1h | $19K | $248K | 10x | as long as short |
| Aevo WTIOIL-PERPlong | 0.000% | +0.0104% | 1h | $4K | $49 | 10x | |
| QFEX CL-USD | 0.000% | −0.0025% | 1h | $2.4M | $2.9M | 10x | as long as short |
| Paradex CL-USD-PERP | +0.004% | +0.0027% | 8h | $15K | $367 | 5x | as long as short |
| SoDEX CL-USD | +0.007% | +0.0050% | 1h | $2.0M | $43K | 20x | as long as short |
| Binance CLUSDT | +0.011% | −0.0032% | 4h | $244.3M | $1.02B | 100x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX CL-USDT-SWAP | +0.011% | 0.0000% | 4h | $43.3M | $109.3M | 50x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.013% | +0.0050% | 1h | $1.6M | $1.3M | 20x | as long as short |
| BloFin CL-USDT | +0.022% | +0.0240% | 4h | $4.1M | $1.5M | 50x | as long as short |
| Lighter WTI | +0.023% | 0.0000% | 1h | $11.1M | $12.5M | 20x | as long as short |
| Bitget CLUSDT | +0.024% | 0.0000% | 4h | $42.7M | $62.7M | 100x | as long as short |
| Bybit CLUSDT | +0.033% | 0.0000% | 8h | $25.5M | $94.4M | 150x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.035% | −0.0091% | 1h | $266K | $1.3M | 25x | as long as short |
| Pacifica CL | +0.039% | +0.0100% | 1h | $331K | $393K | 10x | as long as short |
| Aster CLUSD1 | +0.047% | −0.0096% | 4h | $24.9M | $64.4M | 20x | as long as short |
| tradeXYZ xyz:CL | +0.053% | +0.0016% | 1h | $188.0M | $270.8M | 20x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.055% | 0.0000% | 1h | $96K | $478K | 15x | as long as short |
| KuCoin CLUSDTM | +0.061% | +0.0100% | 4h | $7.6M | $865K | 50x | as long as short |
| RISEx CL/USDC | +0.064% | 0.0000% | 1h | $3.1M | $2.6M | 20x | as long as short |
| Extended WTI-USD | +0.076% | +0.0032% | 1h | $1.9M | $30.1M | 10x | as long as short |
| Nado WTI-PERP | +0.096% | −0.0033% | 1h | $825K | $726K | 10x | as long as short |
| Vest CL-PERP | +0.109% | +0.0046% | 1h | — | $243K | 10x | as long as short |
| StandX CL-USD | +0.120% | +0.0040% | 1h | $726K | $2.4M | 40x | as long as short |
| Aftermath Perps WTIUSD | +0.126% | −0.0081% | 1h | $2K | $35K | 5x | as long as short |
| dYdX WTI-USD | +0.128% | 0.0000% | 1h | $5K | $10 | 5x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.131% | +0.0032% | 1h | $397K | $1.0M | 15x | as long as short |
| Phoenix WTIOILshort | +0.152% | 0.0000% | 1h | $33K | $271K | 20x | |
| Variational Omni CL | +0.155% | 0.0000% | 4h | $13.3M | $17.6M | — | as long as short |
| edgeX CLUSDC | +0.240% | +0.0098% | 4h | $531K | $353K | 30x | as long as short |
| ApeX Omni CLUSDT | +0.272% | +0.0100% | 1h | $56K | $272K | 50x | as long as short |
| Injective WTI/USDC PERP | +0.614% | +0.0033% | 1h | $18K | $14K | 30x | as long as short |