Spread before costs (cost unknown: a leg has no order-book sample)−0.008%
7d average—if it closes, per $10,000$1funding while held, a day+$0.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WTI | 91.685 | −0.0032 | get 0.0004% / 1h | 29m 50s | $11.1M | $12.2M | 20x |
| Short | dYdX WTI-USD | 91.677 | 0 | get 0.0000% / 1h | 29m 50s | $5K | $49 | 5x |
Lighter WTI
dYdX WTI-USDPrice 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
- −$0.83
- Funding while held
- $0.96
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$9.87
- Spread needed to break even
- 0.100%
Slippage unknown: Lighter: live order book, 5 min ago; dYdX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0032%
- Per $10,000 a day
- +$0.96
- 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 Lighter live order book, 5 min ago | 0.44 bp | 0.7 bp −$1 | 1.5 bp −$15 | 8.2 bp −$820 | 31.2 bp −$15.6K |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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)91.425cheapestVariational Omni91.590+0.181%StandX91.600+0.191%BloFin91.610+0.202%Gate91.630+0.224%Ondo Perps91.650+0.246%Phoenix91.650+0.246%Aftermath Perps91.670+0.268%edgeX91.671+0.269%Aevo91.672+0.270%GMX91.675+0.273%
gTrade (Gains Network)
Variational Omni
StandX
BloFin
Gate
Ondo Perps
Phoenix
Aevo
GMXdYdX91.677+0.276%
Paradex91.678+0.277%Pacifica91.678+0.277%Binance91.680+0.279%QFEX91.680+0.279%Bullet91.684+0.283%
Paradex
Pacifica
Binance
QFEX
BulletLighter91.685+0.284%
Bitget91.685+0.284%SoDEX91.685+0.284%OKX91.690+0.290%ApeX Omni91.690+0.290%Aster91.698+0.299%KuCoin91.699+0.300%Bybit91.700+0.301%Polymarket Perps91.708+0.310%Nado91.709+0.311%Deribit91.710+0.312%tradeXYZ91.714+0.316%Extended91.720+0.323%Kraken Futures91.728+0.331%RISEx91.744+0.349%Coinbase International91.750+0.355%Vest91.760+0.366%Injective92.595+1.280%
Bitget
SoDEX
OKX
ApeX Omni
Aster
KuCoin
Bybit
Polymarket Perps
Nado
Deribit
tradeXYZ
Extended
Kraken Futures
RISEx
Coinbase International
Vest
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 | −0.284% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| Variational Omni CL | −0.104% | 0.0000% | 4h | $13.2M | $17.9M | — | as long as short |
| StandX CL-USD | −0.093% | +0.0040% | 1h | $720K | $2.3M | 40x | as long as short |
| BloFin CL-USDT | −0.082% | +0.0240% | 4h | $4.2M | $1.5M | 50x | as long as short |
| Gate CL_USDT | −0.060% | 0.0000% | 8h | $21.2M | $59.9M | 100x | as long as short |
| Ondo Perps WTI-USD.P | −0.038% | −0.0066% | 1h | $3.4M | $5.9M | 20x | as long as short |
| Phoenix WTIOIL | −0.038% | 0.0000% | 1h | $33K | $271K | 20x | as long as short |
| Aftermath Perps WTIUSD | −0.016% | −0.0079% | 1h | $2K | $35K | 5x | as long as short |
| edgeX CLUSDC | −0.015% | +0.0034% | 4h | $527K | $353K | 30x | as long as short |
| Aevo WTIOIL-PERP | −0.014% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX WTIOIL/USD [ETH-USDC] | −0.011% | L +0.0133% / S +0.0028% | 1h | $78K | — | 111x | as long as short |
| dYdX WTI-USDshort | −0.008% | 0.0000% | 1h | $5K | $49 | 5x | |
| Paradex CL-USD-PERP | −0.008% | +0.0016% | 8h | $15K | $275 | 5x | as long as short |
| Pacifica CL | −0.007% | +0.0100% | 1h | $333K | $388K | 10x | as long as short |
| Binance CLUSDT | −0.005% | −0.0014% | 4h | $245.4M | $1.01B | 100x | as long as short |
| QFEX CL-USD | −0.005% | −0.0025% | 1h | $2.4M | $2.9M | 10x | as long as short |
| Bullet WTIOIL-USD | −0.001% | −0.0021% | 1h | $19K | $248K | 10x | as long as short |
| Lighter WTIlong | 0.000% | −0.0032% | 1h | $11.1M | $12.2M | 20x | |
| Bitget CLUSDT | 0.000% | 0.0000% | 4h | $42.8M | $61.7M | 100x | as long as short |
| SoDEX CL-USD | 0.000% | +0.0050% | 1h | $2.0M | $41K | 20x | as long as short |
| OKX CL-USDT-SWAP | +0.005% | 0.0000% | 4h | $43.3M | $107.1M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.005% | +0.0100% | 1h | $55K | $271K | 50x | as long as short |
| Aster CLUSD1 | +0.015% | −0.0086% | 4h | $24.8M | $63.6M | 20x | as long as short |
| KuCoin CLUSDTM | +0.015% | +0.0100% | 4h | $7.6M | $863K | 50x | as long as short |
| Bybit CLUSDT | +0.016% | 0.0000% | 8h | $25.3M | $93.3M | 150x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.025% | +0.0050% | 1h | $1.6M | $1.3M | 20x | as long as short |
| Nado WTI-PERP | +0.027% | −0.0040% | 1h | $818K | $724K | 10x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.027% | −0.0077% | 1h | $95K | $478K | 15x | as long as short |
| tradeXYZ xyz:CL | +0.032% | −0.0023% | 1h | $183.2M | $264.1M | 20x | as long as short |
| Extended WTI-USD | +0.038% | +0.0032% | 1h | $1.9M | $30.4M | 10x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.047% | −0.0091% | 1h | $287K | $1.2M | 25x | as long as short |
| RISEx CL/USDC | +0.064% | 0.0000% | 1h | $3.1M | $2.5M | 20x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.071% | +0.0032% | 1h | $373K | $916K | 15x | as long as short |
| Vest CL-PERP | +0.082% | +0.0046% | 1h | — | $243K | 10x | as long as short |
| Injective WTI/USDC PERP | +0.993% | +0.0033% | 1h | $18K | $14K | 30x | as long as short |