Spread before costs (cost unknown: a leg has no order-book sample)−0.507%
7d average—if it closes, per $10,000$51funding while held, a day+$4.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International WTIOIL-PERP-INTX | 91.750 | 0.0016 | pay 0.0002% / 1h | 41m 14s | $373K | $941K | 15x |
| Short | GMX WTIOIL/USD [ETH-USDC] | 91.285 | L +0.0221% / S −0.0150% | get 0.0019% / 1h | 41m 14s | $82K | — | 111x |
Coinbase International WTIOIL-PERP-INTX
GMX WTIOIL/USD [ETH-USDC]Price 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
- −$50.68
- Funding while held
- $4.02
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$68.66
- Spread needed to break even
- 0.220%
Slippage unknown: Coinbase International: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0134%
- Per $10,000 a day
- +$4.02
- 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 Coinbase International live order book, 4 min ago | 2.18 bp | 7.2 bp −$7 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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)91.015cheapestGate91.270+0.280%Bitget91.280+0.291%
gTrade (Gains Network)
Gate
BitgetGMX91.285+0.297%
Aevo91.286+0.298%Lighter91.290+0.302%Binance91.290+0.302%SoDEX91.295+0.308%Bybit91.300+0.313%OKX91.300+0.313%Bullet91.303+0.317%tradeXYZ91.305+0.319%Kraken Futures91.318+0.333%Deribit91.320+0.335%Extended91.330+0.346%Aster91.330+0.346%KuCoin91.340+0.357%Vest91.340+0.357%QFEX91.350+0.368%Nado91.351+0.370%Polymarket Perps91.360+0.379%BloFin91.370+0.390%Ondo Perps91.380+0.401%Paradex91.396+0.418%Pacifica91.398+0.420%RISEx91.411+0.435%StandX91.520+0.555%edgeX91.550+0.587%dYdX91.570+0.610%ApeX Omni91.570+0.610%Aftermath Perps91.601+0.644%Variational Omni91.609+0.653%Phoenix91.630+0.676%
Aevo
Lighter
Binance
SoDEX
Bybit
OKX
Bullet
tradeXYZ
Kraken Futures
Deribit
Extended
Aster
KuCoin
Vest
QFEX
Nado
Polymarket Perps
BloFin
Ondo Perps
Paradex
Pacifica
RISEx
StandX
dYdX
ApeX Omni
Variational Omni
PhoenixCoinbase International91.750+0.808%
Injective92.595+1.736%
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 | −0.801% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| Gate CL_USDT | −0.523% | 0.0000% | 8h | $21.1M | $57.9M | 100x | as long as short |
| Bitget CLUSDT | −0.512% | 0.0000% | 4h | $42.7M | $59.6M | 100x | as long as short |
| GMX WTIOIL/USD [ETH-USDC]short | −0.507% | L +0.0221% / S −0.0150% | 1h | $82K | — | 111x | |
| Aevo WTIOIL-PERP | −0.505% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Lighter WTI | −0.501% | −0.0040% | 1h | $10.9M | $11.9M | 20x | as long as short |
| Binance CLUSDT | −0.501% | 0.0000% | 4h | $246.1M | $982.9M | 100x | as long as short |
| SoDEX CL-USD | −0.496% | +0.0050% | 1h | $2.0M | $33K | 20x | as long as short |
| Bybit CLUSDT | −0.490% | 0.0000% | 8h | $24.7M | $90.9M | 150x | as long as short |
| OKX CL-USDT-SWAP | −0.490% | 0.0000% | 4h | $43.3M | $103.6M | 50x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bullet WTIOIL-USD | −0.487% | 0.0000% | 1h | $19K | $247K | 10x | as long as short |
| tradeXYZ xyz:CL | −0.485% | −0.0021% | 1h | $182.4M | $258.6M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.471% | −0.0038% | 1h | $296K | $1.2M | 25x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | −0.469% | −0.0078% | 1h | $95K | $458K | 15x | as long as short |
| Extended WTI-USD | −0.458% | +0.0032% | 1h | $2.1M | $30.5M | 10x | as long as short |
| Aster CLUSD1 | −0.458% | 0.0000% | 4h | $24.7M | $62.8M | 20x | as long as short |
| KuCoin CLUSDTM | −0.447% | +0.0100% | 4h | $7.5M | $856K | 50x | as long as short |
| Vest CL-PERP | −0.447% | +0.0046% | 1h | — | $86K | 10x | as long as short |
| QFEX CL-USD | −0.436% | −0.0016% | 1h | $2.3M | $2.8M | 10x | as long as short |
| Nado WTI-PERP | −0.434% | −0.0010% | 1h | $804K | $766K | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | −0.425% | +0.0050% | 1h | $1.6M | $1.5M | 20x | as long as short |
| BloFin CL-USDT | −0.414% | +0.0240% | 4h | $4.2M | $1.4M | 50x | as long as short |
| Ondo Perps WTI-USD.P | −0.403% | +0.0050% | 1h | $3.4M | $5.8M | 20x | as long as short |
| Paradex CL-USD-PERP | −0.386% | +0.0039% | 8h | $15K | — | 5x | as long as short |
| Pacifica CL | −0.384% | +0.0100% | 1h | $345K | $344K | 10x | as long as short |
| RISEx CL/USDC | −0.369% | 0.0000% | 1h | $3.0M | $2.4M | 20x | as long as short |
| StandX CL-USD | −0.251% | −0.0026% | 1h | $721K | $2.1M | 40x | as long as short |
| edgeX CLUSDC | −0.219% | −0.0100% | 4h | $517K | $336K | 30x | as long as short |
| dYdX WTI-USD | −0.196% | 0.0000% | 1h | $5K | $126 | 5x | as long as short |
| ApeX Omni CLUSDT | −0.196% | +0.0100% | 1h | $55K | $271K | 50x | as long as short |
| Aftermath Perps WTIUSD | −0.163% | −0.0053% | 1h | $2K | $36K | 5x | as long as short |
| Variational Omni CL | −0.154% | 0.0000% | 4h | $12.5M | $17.2M | — | as long as short |
| Phoenix WTIOIL | −0.131% | +0.0035% | 1h | $33K | $267K | 20x | as long as short |
| Coinbase International WTIOIL-PERP-INTXlong | 0.000% | +0.0016% | 1h | $373K | $941K | 15x | |
| Injective WTI/USDC PERP | +0.921% | +0.0033% | 1h | $18K | $14K | 30x | as long as short |