Spread before costs (cost unknown: a leg has no order-book sample)+0.147%
7d average—if it closes, per $10,000$15funding while held, a day+$1.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CLUSDT | 91.805 | 0 | get 0.0000% / 4h | 1h 25m | $252.7M | $873.0M | 100x |
| Short | Paradex CL-USD-PERP | 91.941 | 0.0040 | get 0.0040% / 8h | 1h 25m | $15K | — | 5x |
Binance CLUSDT
Paradex CL-USD-PERPPrice 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
- $14.75
- Funding while held
- $1.2
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $1.95
- Spread needed to break even
- 0.140%
Slippage unknown: Binance: live order book, 4 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0040%
- Per $10,000 a day
- +$1.20
- 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 Binance live order book, 4 min ago | 0.55 bp | 6.6 bp −$7 | 6.8 bp −$68 | 9.8 bp −$982 | 26.2 bp −$13.1K |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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)91.581cheapestedgeX91.686+0.115%ApeX Omni91.700+0.130%Variational Omni91.783+0.221%Bybit91.799+0.238%
gTrade (Gains Network)
ApeX Omni
Variational Omni
BybitBinance91.805+0.245%
OKX91.810+0.250%Extended91.820+0.261%Gate91.830+0.272%Aevo91.844+0.287%Deribit91.850+0.294%Aster91.853+0.297%Bitget91.854+0.298%SoDEX91.854+0.298%tradeXYZ91.857+0.301%Phoenix91.860+0.305%Lighter91.878+0.324%GMX91.885+0.332%Ondo Perps91.890+0.337%Vest91.890+0.337%KuCoin91.895+0.343%Bullet91.896+0.344%StandX91.900+0.348%Kraken Futures91.905+0.354%Aftermath Perps91.913+0.362%QFEX91.930+0.381%BloFin91.930+0.381%Polymarket Perps91.935+0.387%
OKX
Extended
Gate
Aevo
Deribit
Aster
Bitget
SoDEX
tradeXYZ
Phoenix
Lighter
GMX
Ondo Perps
Vest
KuCoin
Bullet
StandX
Kraken Futures
QFEX
BloFin
Polymarket PerpsParadex91.941+0.393%
Coinbase International91.950+0.403%RISEx91.969+0.424%Pacifica91.983+0.438%Nado91.985+0.441%dYdX92.037+0.498%Injective92.595+1.107%
Coinbase International
RISEx
Pacifica
Nado
dYdX
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 | −0.244% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| edgeX CLUSDC | −0.130% | −0.0064% | 4h | $525K | $322K | 30x | as long as short |
| ApeX Omni CLUSDT | −0.115% | +0.0100% | 1h | $55K | $271K | 50x | as long as short |
| Variational Omni CL | −0.024% | 0.0000% | 4h | $12.4M | $16.9M | — | as long as short |
| Bybit CLUSDT | −0.007% | 0.0000% | 8h | $23.9M | $80.9M | 150x | as long as short |
| Binance CLUSDTlong | 0.000% | 0.0000% | 4h | $252.7M | $873.0M | 100x | |
| OKX CL-USDT-SWAP | +0.005% | 0.0000% | 4h | $44.5M | $94.7M | 50x | as long as short |
| Extended WTI-USD | +0.016% | +0.0032% | 1h | $1.9M | $30.3M | 10x | as long as short |
| Gate CL_USDT | +0.027% | −0.0137% | 8h | $21.3M | $56.3M | 100x | as long as short |
| Aevo WTIOIL-PERP | +0.042% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit WTIOIL_USDC-PERPETUAL | +0.049% | −0.0077% | 1h | $96K | $457K | 15x | as long as short |
| Aster CLUSD1 | +0.052% | −0.0018% | 4h | $24.7M | $60.2M | 20x | as long as short |
| Bitget CLUSDT | +0.053% | 0.0000% | 4h | $42.6M | $56.2M | 100x | as long as short |
| SoDEX CL-USD | +0.053% | +0.0050% | 1h | $2.0M | $28K | 20x | as long as short |
| tradeXYZ xyz:CL | +0.056% | +0.0006% | 1h | $182.5M | $239.6M | 20x | as long as short |
| Phoenix WTIOIL | +0.060% | +0.0009% | 1h | $30K | $256K | 20x | as long as short |
| Lighter WTI | +0.079% | +0.0032% | 1h | $11.0M | $11.7M | 20x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | +0.087% | L +0.0136% / S +0.0043% | 1h | $77K | — | 111x | as long as short |
| Ondo Perps WTI-USD.P | +0.092% | +0.0050% | 1h | $3.4M | $4.9M | 20x | as long as short |
| Vest CL-PERP | +0.092% | +0.0046% | 1h | — | $86K | 10x | as long as short |
| KuCoin CLUSDTM | +0.098% | +0.0100% | 4h | $7.4M | $804K | 50x | as long as short |
| Bullet WTIOIL-USD | +0.099% | 0.0000% | 1h | $18K | $248K | 10x | as long as short |
| StandX CL-USD | +0.103% | +0.0040% | 1h | $727K | $1.6M | 40x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.109% | +0.0058% | 1h | $285K | $1.1M | 25x | as long as short |
| Aftermath Perps WTIUSD | +0.117% | −0.0084% | 1h | $1K | $37K | 5x | as long as short |
| QFEX CL-USD | +0.136% | −0.0015% | 1h | $2.3M | $2.7M | 10x | as long as short |
| BloFin CL-USDT | +0.136% | +0.0240% | 4h | $4.3M | $1.4M | 50x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.141% | +0.0050% | 1h | $1.7M | $1.5M | 20x | as long as short |
| Paradex CL-USD-PERPshort | +0.147% | +0.0040% | 8h | $15K | — | 5x | |
| Coinbase International WTIOIL-PERP-INTX | +0.158% | +0.0024% | 1h | $379K | $940K | 15x | as long as short |
| RISEx CL/USDC | +0.179% | 0.0000% | 1h | $3.0M | $1.3M | 20x | as long as short |
| Pacifica CL | +0.193% | +0.0100% | 1h | $343K | $310K | 10x | as long as short |
| Nado WTI-PERP | +0.196% | −0.0061% | 1h | $813K | $707K | 10x | as long as short |
| dYdX WTI-USD | +0.252% | 0.0000% | 1h | $5K | $126 | 5x | as long as short |
| Injective WTI/USDC PERP | +0.860% | +0.0033% | 1h | $18K | $32K | 30x | as long as short |