data as of
Settings8H · net · $10k
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Price arb /

CL

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Spread before costs (cost unknown: a leg has no order-book sample)−0.266%
7d average—if it closes, per $10,000$27funding while held, a day−$1.77
Long on InjectiveShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective WTI/USDC PERP92.5950.0033pay 0.0004% / 1h25m 23s$18K$14K30x
ShortVariational Omni CL92.349−0.0026pay 0.0013% / 4h1h 25m$13.4M$17.1M—

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
−$26.55
Funding while held
−$1.77
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$28.34
Spread needed to break even
0.000%
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0059%
Per $10,000 a day
−$1.77
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 Injective no order-book sample—————
Sell Variational Omni RFQ quote, 5 min ago2.27 bpdoesn't fit2.3 bp −$235.4 bp −$541doesn't fit
Injective: 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)91.886cheapestGate92.090+0.222%SoDEX92.095+0.227%Ondo Perps92.100+0.233%Kraken Futures92.102+0.236%Paradex92.115+0.249%Deribit92.120+0.255%KuCoin92.121+0.256%StandX92.130+0.266%Lighter92.134+0.270%dYdX92.138+0.274%Pacifica92.144+0.280%Bullet92.150+0.287%Aster92.150+0.287%OKX92.150+0.287%QFEX92.150+0.287%Aevo92.150+0.287%GMX92.155+0.293%Bitget92.157+0.295%Phoenix92.160+0.298%Nado92.164+0.302%Binance92.165+0.304%Bybit92.170+0.309%tradeXYZ92.178+0.318%Polymarket Perps92.180+0.320%Extended92.210+0.353%Vest92.220+0.363%BloFin92.230+0.374%RISEx92.236+0.381%Aftermath Perps92.247+0.393%Coinbase International92.340+0.494%
Variational Omni92.349+0.504%
ApeX Omni92.350+0.505%edgeX92.353+0.509%
Injective92.595+0.772%

CL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) WTI/USD−0.766%L −0.0066% / S +0.0036%1h$142K—150xas long as short
Gate CL_USDT−0.545%0.0000%8h$21.1M$61.5M100xas long as short
SoDEX CL-USD−0.540%+0.0050%1h$2.0M$45K20xas long as short
Ondo Perps WTI-USD.P−0.535%−0.0011%1h$3.4M$6.2M20xas long as short
Kraken Futures PF_WTIOILUSD−0.532%+0.0065%1h$258K$1.3M25xas long as short
Paradex CL-USD-PERP−0.518%+0.0037%8h$15K$3675xas long as short
Deribit WTIOIL_USDC-PERPETUAL−0.513%0.0000%1h$96K$470K15xas long as short
KuCoin CLUSDTM−0.512%+0.0100%4h$7.8M$983K50xas long as short
StandX CL-USD−0.502%+0.0040%1h$725K$2.4M40xas long as short
Lighter WTI−0.498%+0.0016%1h$11.2M$12.7M20xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX WTI-USD−0.494%0.0000%1h$8K$3K5xas long as short
Pacifica CL−0.488%+0.0100%1h$317K$524K10xas long as short
Bullet WTIOIL-USD−0.481%0.0000%1h$18K$248K10xas long as short
Aster CLUSD1−0.481%−0.0095%4h$25.0M$70.4M20xas long as short
OKX CL-USDT-SWAP−0.481%0.0000%4h$43.4M$111.1M50xas long as short
QFEX CL-USD−0.481%−0.0022%1h$2.4M$2.9M10xas long as short
Aevo WTIOIL-PERP−0.480%+0.0104%1h$4K$4910xas long as short
GMX WTIOIL/USD [ETH-USDC]−0.475%L +0.0131% / S +0.0030%1h$79K—111xas long as short
Bitget CLUSDT−0.473%0.0000%4h$42.5M$63.1M100xas long as short
Phoenix WTIOIL−0.470%+0.0009%1h$33K$271K20xas long as short
Nado WTI-PERP−0.466%+0.0007%1h$826K$734K10xas long as short
Binance CLUSDT−0.464%−0.0049%4h$244.2M$1.03B100xas long as short
Bybit CLUSDT−0.459%0.0000%8h$25.2M$95.1M150xas long as short
tradeXYZ xyz:CL−0.450%+0.0050%1h$187.0M$281.0M20xas long as short
Polymarket Perps WTIOIL-USD−0.448%+0.0050%1h$1.6M$1.2M20xas long as short
Extended WTI-USD−0.416%+0.0032%1h$1.9M$30.1M10xas long as short
Vest CL-PERP−0.405%+0.0046%1h—$243K10xas long as short
BloFin CL-USDT−0.394%+0.0240%4h$4.1M$1.5M50xas long as short
RISEx CL/USDC−0.388%0.0000%1h$3.1M$2.6M20xas long as short
Aftermath Perps WTIUSD−0.376%−0.0075%1h$2K$34K5xas long as short
Coinbase International WTIOIL-PERP-INTX−0.275%+0.0016%1h$389K$1.1M15xas long as short
Variational Omni CLshort−0.266%−0.0026%4h$13.4M$17.1M—
ApeX Omni CLUSDT−0.265%+0.0100%1h$56K$271K50xas long as short
edgeX CLUSDC−0.261%+0.0038%4h$531K$351K30xas long as short
Injective WTI/USDC PERPlong0.000%+0.0033%1h$18K$14K30x