data as of
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Price arb /

CL

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Spread before costs (cost unknown: a leg has no order-book sample)+0.354%
7d average—if it closes, per $10,000$35funding while held, a day+$0.58
Long on gTrade (Gains Network)Short on tradeXYZ
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) WTI/USD91.821L 0.0000% / S +0.0036%pay 0.0000% / 1h2m 28s$4K—150x
ShorttradeXYZ xyz:CL92.1460.0019get 0.0002% / 1h2m 28s$189.7M$272.5M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$35.39
Funding while held
$0.58
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders
−$8
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
$9.97
Spread needed to break even
0.260%
Slippage unknown: gTrade (Gains Network): no order-book sample; tradeXYZ: live order book, 9 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0019%
Per $10,000 a day
+$0.58
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample—————
Sell tradeXYZ live order book, 9 min ago0.43 bp9.6 bp −$1010.2 bp −$102doesn't fitdoesn't fit
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)91.821cheapest
ApeX Omni92.040+0.239%Phoenix92.070+0.271%Gate92.080+0.282%Bullet92.104+0.308%Ondo Perps92.110+0.315%Binance92.130+0.337%OKX92.130+0.337%Paradex92.134+0.341%Bybit92.134+0.341%Bitget92.135+0.342%QFEX92.140+0.347%BloFin92.140+0.347%SoDEX92.145+0.353%
tradeXYZ92.146+0.354%
Aevo92.148+0.356%dYdX92.149+0.357%StandX92.150+0.358%Coinbase International92.150+0.358%Polymarket Perps92.151+0.359%GMX92.155+0.364%Aftermath Perps92.155+0.364%Aster92.162+0.371%Lighter92.164+0.374%KuCoin92.169+0.379%Extended92.170+0.380%Variational Omni92.173+0.383%Pacifica92.175+0.386%Nado92.180+0.391%Vest92.190+0.402%Deribit92.200+0.413%Kraken Futures92.207+0.420%RISEx92.216+0.430%edgeX92.251+0.468%Injective92.595+0.843%

CL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) WTI/USDlong0.000%L 0.0000% / S +0.0036%1h$4K—150x
ApeX Omni CLUSDT+0.239%+0.0100%1h$55K$272K50xas long as short
Phoenix WTIOIL+0.271%0.0000%1h$33K$271K20xas long as short
Gate CL_USDT+0.282%0.0000%8h$21.1M$61.0M100xas long as short
Bullet WTIOIL-USD+0.308%0.0000%1h$18K$247K10xas long as short
Ondo Perps WTI-USD.P+0.315%−0.0050%1h$3.5M$6.1M20xas long as short
Binance CLUSDT+0.337%−0.0031%4h$244.6M$1.02B100xas long as short
OKX CL-USDT-SWAP+0.337%0.0000%4h$43.3M$109.5M50xas long as short
Paradex CL-USD-PERP+0.341%+0.0029%8h$15K$3675xas long as short
Bybit CLUSDT+0.341%0.0000%8h$25.5M$94.5M150xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget CLUSDT+0.342%0.0000%4h$42.7M$62.7M100xas long as short
QFEX CL-USD+0.347%−0.0025%1h$2.4M$2.9M10xas long as short
BloFin CL-USDT+0.347%+0.0240%4h$4.1M$1.5M50xas long as short
SoDEX CL-USD+0.353%+0.0050%1h$2.0M$43K20xas long as short
tradeXYZ xyz:CLshort+0.354%+0.0019%1h$189.7M$272.5M20x
Aevo WTIOIL-PERP+0.356%+0.0104%1h$4K$4910xas long as short
dYdX WTI-USD+0.357%0.0000%1h$5K$105xas long as short
StandX CL-USD+0.358%+0.0040%1h$726K$2.3M40xas long as short
Coinbase International WTIOIL-PERP-INTX+0.358%+0.0032%1h$397K$1.1M15xas long as short
Polymarket Perps WTIOIL-USD+0.359%+0.0050%1h$1.6M$1.3M20xas long as short
GMX WTIOIL/USD [ETH-USDC]+0.364%L +0.0132% / S +0.0029%1h$79K—111xas long as short
Aftermath Perps WTIUSD+0.364%−0.0083%1h$2K$34K5xas long as short
Aster CLUSD1+0.371%−0.0094%4h$25.0M$64.0M20xas long as short
Lighter WTI+0.374%0.0000%1h$11.1M$12.5M20xas long as short
KuCoin CLUSDTM+0.379%+0.0100%4h$7.7M$874K50xas long as short
Extended WTI-USD+0.380%+0.0032%1h$1.9M$30.2M10xas long as short
Variational Omni CL+0.383%0.0000%4h$13.3M$17.6M—as long as short
Pacifica CL+0.386%+0.0100%1h$331K$393K10xas long as short
Nado WTI-PERP+0.391%−0.0031%1h$826K$727K10xas long as short
Vest CL-PERP+0.402%+0.0046%1h—$243K10xas long as short
Deribit WTIOIL_USDC-PERPETUAL+0.413%0.0000%1h$96K$478K15xas long as short
Kraken Futures PF_WTIOILUSD+0.420%−0.0091%1h$261K$1.3M25xas long as short
RISEx CL/USDC+0.430%0.0000%1h$3.1M$2.6M20xas long as short
edgeX CLUSDC+0.468%+0.0098%4h$531K$353K30xas long as short
Injective WTI/USDC PERP+0.843%+0.0033%1h$18K$14K30xas long as short