After costs, if the gap returns to its 7d average, $10k−$36
spread now−0.011%7d average+0.025%fees + slippage, in and out−$32spread needed0.324%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CLUSDT | 91.510 | 0 | get 0.0000% / 4h | 2h 57m | $245.2M | $1.00B | 100x |
| Short | Phoenix WTIOIL | 91.500 | 0 | get 0.0000% / 1h | 57m 13s | $33K | $271K | 20x |
Binance CLUSDT
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
- −$1.09
- Funding while held
- $0
- Slippage, 4 orders
- −$15.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$33.45
- Spread needed to break even
- 0.324%
Slippage from Binance: live order book, 3 min ago; Phoenix: live order book, 12 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 3 min ago | 0.55 bp | 5.5 bp −$6 | 6.1 bp −$61 | 9.2 bp −$923 | 26.1 bp −$13.1K |
| Sell Phoenix live order book, 12 min ago | 3.28 bp | 10.7 bp −$11 | 20.8 bp −$208 | doesn't fit | doesn't fit |
CL price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni91.263cheapestgTrade (Gains Network)91.265+0.003%edgeX91.268+0.005%Aftermath Perps91.398+0.148%StandX91.440+0.194%Gate91.480+0.238%dYdX91.488+0.247%SoDEX91.495+0.255%Ondo Perps91.500+0.260%
Variational Omni
gTrade (Gains Network)
StandX
Gate
dYdX
SoDEX
Ondo PerpsPhoenix91.500+0.260%
BloFin91.500+0.260%Lighter91.502+0.262%Pacifica91.506+0.266%
BloFin
Lighter
PacificaBinance91.510+0.271%
Paradex91.515+0.276%Aevo91.519+0.281%Bybit91.520+0.282%OKX91.520+0.282%GMX91.535+0.298%Bitget91.537+0.301%Bullet91.537+0.301%QFEX91.540+0.304%ApeX Omni91.540+0.304%Nado91.541+0.304%KuCoin91.544+0.308%Deribit91.550+0.315%Polymarket Perps91.567+0.333%tradeXYZ91.568+0.335%Aster91.572+0.339%Kraken Futures91.580+0.347%Extended91.590+0.359%RISEx91.600+0.369%Vest91.620+0.391%Coinbase International91.750+0.534%Injective92.595+1.460%
Paradex
Aevo
Bybit
OKX
GMX
Bitget
Bullet
QFEX
ApeX Omni
Nado
KuCoin
Deribit
Polymarket Perps
tradeXYZ
Aster
Kraken Futures
Extended
RISEx
Vest
Coinbase International
InjectiveCL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni CL | −0.270% | 0.0000% | 4h | $12.4M | $17.4M | — | as long as short |
| gTrade (Gains Network) WTI/USD | −0.268% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| edgeX CLUSDC | −0.265% | +0.0002% | 4h | $525K | $354K | 30x | as long as short |
| Aftermath Perps WTIUSD | −0.123% | −0.0081% | 1h | $2K | $36K | 5x | as long as short |
| StandX CL-USD | −0.076% | +0.0040% | 1h | $719K | $2.2M | 40x | as long as short |
| Gate CL_USDT | −0.033% | 0.0000% | 8h | $21.1M | $59.0M | 100x | as long as short |
| dYdX WTI-USD | −0.024% | 0.0000% | 1h | $5K | $49 | 5x | as long as short |
| SoDEX CL-USD | −0.016% | +0.0050% | 1h | $2.0M | $41K | 20x | as long as short |
| Ondo Perps WTI-USD.P | −0.011% | −0.0050% | 1h | $3.4M | $5.9M | 20x | as long as short |
| Phoenix WTIOILshort | −0.011% | 0.0000% | 1h | $33K | $271K | 20x |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin CL-USDT | −0.011% | +0.0240% | 4h | $4.1M | $1.4M | 50x | as long as short |
| Lighter WTI | −0.009% | +0.0008% | 1h | $11.0M | $12.0M | 20x | as long as short |
| Pacifica CL | −0.005% | +0.0100% | 1h | $330K | $392K | 10x | as long as short |
| Binance CLUSDTlong | 0.000% | 0.0000% | 4h | $245.2M | $1.00B | 100x | |
| Paradex CL-USD-PERP | +0.005% | +0.0037% | 8h | $15K | — | 5x | as long as short |
| Aevo WTIOIL-PERP | +0.010% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Bybit CLUSDT | +0.011% | 0.0000% | 8h | $25.1M | $93.2M | 150x | as long as short |
| OKX CL-USDT-SWAP | +0.011% | 0.0000% | 4h | $43.5M | $106.5M | 50x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | +0.027% | L +0.0221% / S −0.0145% | 1h | $84K | — | 111x | as long as short |
| Bitget CLUSDT | +0.030% | 0.0000% | 4h | $42.6M | $61.4M | 100x | as long as short |
| Bullet WTIOIL-USD | +0.030% | 0.0000% | 1h | $17K | $249K | 10x | as long as short |
| QFEX CL-USD | +0.033% | −0.0025% | 1h | $2.4M | $2.9M | 10x | as long as short |
| ApeX Omni CLUSDT | +0.033% | +0.0100% | 1h | $55K | $271K | 50x | as long as short |
| Nado WTI-PERP | +0.033% | +0.0001% | 1h | $817K | $728K | 10x | as long as short |
| KuCoin CLUSDTM | +0.037% | +0.0100% | 4h | $7.6M | $853K | 50x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.044% | 0.0000% | 1h | $95K | $477K | 15x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.062% | +0.0050% | 1h | $1.6M | $1.4M | 20x | as long as short |
| tradeXYZ xyz:CL | +0.063% | +0.0025% | 1h | $183.5M | $263.8M | 20x | as long as short |
| Aster CLUSD1 | +0.068% | −0.0021% | 4h | $24.8M | $62.8M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.076% | −0.0091% | 1h | $289K | $1.2M | 25x | as long as short |
| Extended WTI-USD | +0.087% | +0.0032% | 1h | $2.0M | $30.4M | 10x | as long as short |
| RISEx CL/USDC | +0.098% | 0.0000% | 1h | $3.0M | $2.5M | 20x | as long as short |
| Vest CL-PERP | +0.120% | +0.0046% | 1h | — | $243K | 10x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.262% | +0.0032% | 1h | $373K | $917K | 15x | as long as short |
| Injective WTI/USDC PERP | +1.186% | +0.0033% | 1h | $18K | $14K | 30x | as long as short |