Spread before costs (cost unknown: a leg has no order-book sample)+0.050%
7d average—if it closes, per $10,000$5funding while held, a day−$6.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX WTIOIL/USD [ETH-USDC] | 92.175 | L +0.0134% / S +0.0019% | pay 0.0017% / 1h | 29m 18s | $78K | — | 111x |
| Short | Nado WTI-PERP | 92.221 | −0.0070 | pay 0.0009% / 1h | 29m 18s | $797K | $736K | 10x |
GMX WTIOIL/USD [ETH-USDC]
Nado WTI-PERPPrice 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
- $5.04
- Funding while held
- −$6.11
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$20.07
- Spread needed to break even
- 0.190%
Slippage unknown: GMX: no order-book sample; Nado: live order book, 21 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0204%
- Per $10,000 a day
- −$6.11
- 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 Nado live order book, 21 min ago | 0.49 bp | 4.2 bp −$4 | 9.9 bp −$99 | 34.6 bp −$3,456 | 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)91.883cheapestGate92.150+0.291%
gTrade (Gains Network)
GateGMX92.175+0.318%
Ondo Perps92.180+0.323%Bullet92.180+0.323%Binance92.182+0.325%QFEX92.190+0.334%Aevo92.190+0.334%Lighter92.194+0.338%Extended92.200+0.345%Vest92.200+0.345%Bitget92.203+0.348%tradeXYZ92.204+0.349%SoDEX92.205+0.350%Bybit92.210+0.356%OKX92.210+0.356%Aster92.211+0.357%Kraken Futures92.216+0.362%Polymarket Perps92.216+0.362%RISEx92.221+0.368%
Ondo Perps
Bullet
Binance
QFEX
Aevo
Lighter
Extended
Vest
Bitget
tradeXYZ
SoDEX
Bybit
OKX
Aster
Kraken Futures
Polymarket Perps
RISExNado92.221+0.368%
Deribit92.230+0.378%KuCoin92.232+0.380%Coinbase International92.240+0.389%BloFin92.240+0.389%Paradex92.273+0.425%Aftermath Perps92.280+0.432%Pacifica92.287+0.440%dYdX92.299+0.453%ApeX Omni92.340+0.497%StandX92.370+0.530%Phoenix92.380+0.541%Variational Omni92.386+0.548%edgeX92.421+0.585%Injective92.595+0.775%
Deribit
KuCoin
Coinbase International
BloFin
Paradex
Pacifica
dYdX
ApeX Omni
StandX
Phoenix
Variational Omni
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 | −0.317% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| Gate CL_USDT | −0.027% | −0.0084% | 8h | $21.3M | $57.1M | 100x | as long as short |
| GMX WTIOIL/USD [ETH-USDC]long | 0.000% | L +0.0134% / S +0.0019% | 1h | $78K | — | 111x | |
| Ondo Perps WTI-USD.P | +0.005% | +0.0018% | 1h | $3.4M | $5.1M | 20x | as long as short |
| Bullet WTIOIL-USD | +0.006% | 0.0000% | 1h | $18K | $246K | 10x | as long as short |
| Binance CLUSDT | +0.007% | 0.0000% | 4h | $248.4M | $920.6M | 100x | as long as short |
| QFEX CL-USD | +0.016% | −0.0011% | 1h | $2.3M | $2.8M | 10x | as long as short |
| Aevo WTIOIL-PERP | +0.016% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Lighter WTI | +0.021% | +0.0032% | 1h | $11.0M | $11.7M | 20x | as long as short |
| Extended WTI-USD | +0.027% | +0.0032% | 1h | $1.9M | $30.2M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest CL-PERP | +0.027% | +0.0046% | 1h | — | $86K | 10x | as long as short |
| Bitget CLUSDT | +0.030% | 0.0000% | 4h | $43.2M | $57.1M | 100x | as long as short |
| tradeXYZ xyz:CL | +0.031% | +0.0050% | 1h | $184.8M | $249.4M | 20x | as long as short |
| SoDEX CL-USD | +0.033% | +0.0050% | 1h | $2.0M | $22K | 20x | as long as short |
| Bybit CLUSDT | +0.038% | 0.0000% | 8h | $24.8M | $84.7M | 150x | as long as short |
| OKX CL-USDT-SWAP | +0.038% | 0.0000% | 4h | $44.0M | $99.4M | 50x | as long as short |
| Aster CLUSD1 | +0.039% | 0.0000% | 4h | $24.8M | $61.2M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.044% | −0.0001% | 1h | $291K | $1.2M | 25x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.044% | +0.0050% | 1h | $1.7M | $1.5M | 20x | as long as short |
| RISEx CL/USDC | +0.050% | 0.0000% | 1h | $3.0M | $2.0M | 20x | as long as short |
| Nado WTI-PERPshort | +0.050% | −0.0070% | 1h | $797K | $736K | 10x | |
| Deribit WTIOIL_USDC-PERPETUAL | +0.060% | 0.0000% | 1h | $97K | $454K | 15x | as long as short |
| KuCoin CLUSDTM | +0.062% | +0.0100% | 4h | $7.4M | $802K | 50x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.071% | +0.0024% | 1h | $376K | $928K | 15x | as long as short |
| BloFin CL-USDT | +0.071% | +0.0240% | 4h | $4.3M | $1.4M | 50x | as long as short |
| Paradex CL-USD-PERP | +0.106% | +0.0043% | 8h | $15K | — | 5x | as long as short |
| Aftermath Perps WTIUSD | +0.114% | −0.0061% | 1h | $1K | $36K | 5x | as long as short |
| Pacifica CL | +0.122% | +0.0100% | 1h | $348K | $326K | 10x | as long as short |
| dYdX WTI-USD | +0.134% | 0.0000% | 1h | $6K | $126 | 5x | as long as short |
| ApeX Omni CLUSDT | +0.179% | +0.0100% | 1h | $56K | $271K | 50x | as long as short |
| StandX CL-USD | +0.212% | +0.0040% | 1h | $728K | $1.9M | 40x | as long as short |
| Phoenix WTIOIL | +0.222% | 0.0000% | 1h | $36K | $268K | 20x | as long as short |
| Variational Omni CL | +0.229% | 0.0000% | 4h | $12.7M | $17.4M | — | as long as short |
| edgeX CLUSDC | +0.267% | −0.0035% | 4h | $529K | $321K | 30x | as long as short |
| Injective WTI/USDC PERP | +0.456% | +0.0220% | 1h | $18K | $32K | 30x | as long as short |