Spread before costs (cost unknown: a leg has no order-book sample)−0.267%
7d average—if it closes, per $10,000$27funding while held, a day−$1.07
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CLUSDT | 91.486 | 0 | get 0.0000% / 4h | 3h 42m | $42.8M | $59.4M | 100x |
| Short | gTrade (Gains Network) WTI/USD | 91.242 | L 0.0000% / S +0.0036% | pay 0.0004% / 1h | 42m 47s | $4K | — | 150x |
Bitget CLUSDT
gTrade (Gains Network) WTI/USDPrice 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
- −$26.67
- Funding while held
- −$1.07
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 4 bp × 2 orders
- −$8
- Net
- −$47.74
- Spread needed to break even
- 0.200%
Slippage unknown: Bitget: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0036%
- Per $10,000 a day
- −$1.07
- 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 Bitget live order book, 3 min ago | 0.33 bp | 7.8 bp −$8 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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)91.242cheapest
Gate91.450+0.228%Ondo Perps91.460+0.239%
Gate
Ondo PerpsBitget91.486+0.267%
OKX91.500+0.283%Binance91.502+0.285%Lighter91.503+0.286%Paradex91.510+0.293%Bybit91.510+0.294%Pacifica91.511+0.295%SoDEX91.515+0.299%tradeXYZ91.519+0.304%Aster91.520+0.305%StandX91.520+0.305%BloFin91.520+0.305%Aevo91.523+0.308%GMX91.525+0.310%Bullet91.529+0.315%Vest91.530+0.316%Deribit91.540+0.327%QFEX91.550+0.338%edgeX91.551+0.338%Kraken Futures91.552+0.340%KuCoin91.554+0.342%Extended91.560+0.349%Polymarket Perps91.561+0.350%Nado91.567+0.356%dYdX91.570+0.359%Variational Omni91.609+0.402%RISEx91.611+0.405%Phoenix91.630+0.425%ApeX Omni91.640+0.436%Aftermath Perps91.665+0.464%Coinbase International91.750+0.557%Injective92.595+1.483%
OKX
Binance
Lighter
Paradex
Bybit
Pacifica
SoDEX
tradeXYZ
Aster
StandX
BloFin
Aevo
GMX
Bullet
Vest
Deribit
QFEX
Kraken Futures
KuCoin
Extended
Polymarket Perps
Nado
dYdX
Variational Omni
RISEx
Phoenix
ApeX Omni
Coinbase International
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/USDshort | −0.267% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | |
| Gate CL_USDT | −0.039% | 0.0000% | 8h | $21.2M | $57.8M | 100x | as long as short |
| Ondo Perps WTI-USD.P | −0.028% | +0.0050% | 1h | $3.5M | $5.8M | 20x | as long as short |
| Bitget CLUSDTlong | 0.000% | 0.0000% | 4h | $42.8M | $59.4M | 100x | |
| OKX CL-USDT-SWAP | +0.015% | 0.0000% | 4h | $43.5M | $103.3M | 50x | as long as short |
| Binance CLUSDT | +0.018% | 0.0000% | 4h | $246.7M | $977.0M | 100x | as long as short |
| Lighter WTI | +0.019% | −0.0032% | 1h | $11.0M | $11.9M | 20x | as long as short |
| Paradex CL-USD-PERP | +0.026% | +0.0039% | 8h | $15K | — | 5x | as long as short |
| Bybit CLUSDT | +0.026% | 0.0000% | 8h | $25.0M | $90.4M | 150x | as long as short |
| Pacifica CL | +0.028% | +0.0100% | 1h | $346K | $344K | 10x | as long as short |