Spread before costs (cost unknown: a leg has no order-book sample)+0.036%
7d average—if it closes, per $10,000$4funding while held, a day−$3.58
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX WTIOIL/USD [ETH-USDC] | 91.365 | L +0.0219% / S −0.0148% | pay 0.0027% / 1h | 11m 34s | $83K | — | 111x |
| Short | KuCoin CLUSDTM | 91.398 | 0.0100 | get 0.0050% / 4h | 3h 11m | $7.5M | $857K | 50x |
GMX WTIOIL/USD [ETH-USDC]
KuCoin CLUSDTMPrice 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
- $3.61
- Funding while held
- −$3.58
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$23.97
- Spread needed to break even
- 0.240%
Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0119%
- Per $10,000 a day
- −$3.58
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 3 min ago | 1.59 bp | 8.6 bp −$9 | 25.7 bp −$257 | doesn't fit | doesn't fit |
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)91.109cheapestVariational Omni91.290+0.199%Aftermath Perps91.356+0.272%Aevo91.357+0.272%Phoenix91.360+0.275%
gTrade (Gains Network)
Variational Omni
Aevo
PhoenixGMX91.365+0.281%
Bullet91.370+0.286%Ondo Perps91.370+0.286%Gate91.370+0.286%StandX91.370+0.286%SoDEX91.375+0.292%Nado91.385+0.303%BloFin91.390+0.308%Lighter91.398+0.317%
Bullet
Ondo Perps
Gate
StandX
SoDEX
Nado
BloFin
LighterKuCoin91.398+0.317%
Deribit91.400+0.319%tradeXYZ91.408+0.328%Paradex91.410+0.330%Kraken Futures91.417+0.338%ApeX Omni91.420+0.341%edgeX91.421+0.343%Pacifica91.422+0.344%Bitget91.428+0.350%QFEX91.430+0.352%dYdX91.436+0.358%Binance91.440+0.363%Bybit91.450+0.374%OKX91.450+0.374%Aster91.457+0.382%Extended91.460+0.385%Polymarket Perps91.461+0.386%RISEx91.495+0.424%Vest91.510+0.440%Coinbase International91.750+0.704%Injective92.595+1.631%
Deribit
tradeXYZ
Paradex
Kraken Futures
ApeX Omni
Pacifica
Bitget
QFEX
dYdX
Binance
Bybit
OKX
Aster
Extended
Polymarket Perps
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 | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) WTI/USD | −0.280% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| Variational Omni CL | −0.082% | 0.0000% | 4h | $12.4M | $17.3M | — | as long as short |
| Aftermath Perps WTIUSD | −0.009% | −0.0076% | 1h | $1K | $36K | 5x | as long as short |
| Aevo WTIOIL-PERP | −0.009% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Phoenix WTIOIL | −0.005% | +0.0035% | 1h | $33K | $267K | 20x | as long as short |
| GMX WTIOIL/USD [ETH-USDC]long | 0.000% | L +0.0219% / S −0.0148% | 1h | $83K | — | 111x | |
| Bullet WTIOIL-USD | +0.005% | 0.0000% | 1h | $18K | $247K | 10x | as long as short |
| Ondo Perps WTI-USD.P | +0.005% | +0.0032% | 1h | $3.4M | $5.8M | 20x | as long as short |
| Gate CL_USDT | +0.005% | 0.0000% | 8h | $21.0M | $59.2M | 100x | as long as short |
| StandX CL-USD | +0.005% | +0.0040% | 1h | $719K | $2.2M | 40x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX CL-USD | +0.011% | +0.0050% | 1h | $2.0M | $41K | 20x | as long as short |
| Nado WTI-PERP | +0.022% | +0.0011% | 1h | $815K | $766K | 10x | as long as short |
| BloFin CL-USDT | +0.027% | +0.0240% | 4h | $4.2M | $1.4M | 50x | as long as short |
| Lighter WTI | +0.036% | −0.0008% | 1h | $11.0M | $12.2M | 20x | as long as short |
| KuCoin CLUSDTMshort | +0.036% | +0.0100% | 4h | $7.5M | $857K | 50x | |
| Deribit WTIOIL_USDC-PERPETUAL | +0.038% | 0.0000% | 1h | $95K | $471K | 15x | as long as short |
| tradeXYZ xyz:CL | +0.047% | −0.0034% | 1h | $183.0M | $262.1M | 20x | as long as short |
| Paradex CL-USD-PERP | +0.049% | +0.0039% | 8h | $15K | — | 5x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.057% | −0.0038% | 1h | $294K | $1.2M | 25x | as long as short |
| ApeX Omni CLUSDT | +0.060% | +0.0100% | 1h | $55K | $272K | 50x | as long as short |
| edgeX CLUSDC | +0.062% | −0.0036% | 4h | $526K | $352K | 30x | as long as short |
| Pacifica CL | +0.062% | +0.0100% | 1h | $329K | $366K | 10x | as long as short |
| Bitget CLUSDT | +0.069% | 0.0000% | 4h | $42.8M | $60.9M | 100x | as long as short |
| QFEX CL-USD | +0.071% | −0.0016% | 1h | $2.4M | $2.9M | 10x | as long as short |
| dYdX WTI-USD | +0.077% | 0.0000% | 1h | $5K | $87 | 5x | as long as short |
| Binance CLUSDT | +0.082% | 0.0000% | 4h | $246.3M | $997.7M | 100x | as long as short |
| Bybit CLUSDT | +0.093% | 0.0000% | 8h | $24.9M | $92.8M | 150x | as long as short |
| OKX CL-USDT-SWAP | +0.093% | 0.0000% | 4h | $43.5M | $106.0M | 50x | as long as short |
| Aster CLUSD1 | +0.100% | −0.0012% | 4h | $24.8M | $63.2M | 20x | as long as short |
| Extended WTI-USD | +0.104% | +0.0032% | 1h | $2.0M | $30.5M | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.105% | +0.0050% | 1h | $1.6M | $1.4M | 20x | as long as short |
| RISEx CL/USDC | +0.143% | 0.0000% | 1h | $3.0M | $2.5M | 20x | as long as short |
| Vest CL-PERP | +0.159% | +0.0046% | 1h | — | $243K | 10x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.421% | +0.0016% | 1h | $373K | $917K | 15x | as long as short |
| Injective WTI/USDC PERP | +1.346% | +0.0033% | 1h | $18K | $14K | 30x | as long as short |