After costs, if the gap returns to its 7d average, $10k−$8
spread now+0.071%7d average+0.077%fees + slippage, in and out−$8spread needed0.078%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WTI | 93.514 | 0.0008 | pay 0.0001% / 1h | 29m 55s | $11.2M | $11.4M | 20x |
| Short | Extended WTI-USD | 93.580 | 0.0032 | get 0.0004% / 1h | 29m 55s | $2.0M | $29.6M | 10x |
Lighter WTI
Extended 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
- $7.06
- Funding while held
- $0.72
- Slippage, 4 orders
- −$2.83
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$0.06
- Spread needed to break even
- 0.078%
Slippage from Lighter: live order book, 5 min ago; Extended: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0024%
- Per $10,000 a day
- +$0.72
- 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 | 0.64 bp | 0.6 bp −$1 | 1.7 bp −$17 | 8.7 bp −$870 | 37.1 bp −$18.5K |
| Sell Extended live order book, 6 min ago | 0.54 bp | 3.4 bp −$3 | 5.3 bp −$53 | 21.0 bp −$2,095 | doesn't fit |
CL price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)93.195cheapestVariational Omni93.331+0.145%edgeX93.352+0.168%Phoenix93.370+0.188%StandX93.380+0.199%Aftermath Perps93.386+0.205%Ondo Perps93.430+0.252%ApeX Omni93.430+0.252%QFEX93.440+0.263%Gate93.460+0.284%Vest93.470+0.295%Paradex93.480+0.306%BloFin93.480+0.306%Pacifica93.489+0.316%Aevo93.497+0.324%Nado93.510+0.338%Coinbase International93.510+0.338%
gTrade (Gains Network)
Variational Omni
Phoenix
StandX
Ondo Perps
ApeX Omni
QFEX
Gate
Vest
Paradex
BloFin
Pacifica
Aevo
Nado
Coinbase InternationalLighter93.514+0.342%
Kraken Futures93.516+0.344%Bullet93.516+0.344%OKX93.520+0.349%SoDEX93.523+0.352%GMX93.525+0.354%tradeXYZ93.527+0.356%Deribit93.530+0.359%RISEx93.535+0.365%Bybit93.540+0.370%Bitget93.541+0.371%Binance93.542+0.372%Polymarket Perps93.552+0.383%Aster93.558+0.389%KuCoin93.565+0.397%
Kraken Futures
Bullet
OKX
SoDEX
GMX
tradeXYZ
Deribit
RISEx
Bybit
Bitget
Binance
Polymarket Perps
Aster
KuCoinExtended93.580+0.413%
dYdX93.583+0.417%Injective94.033+0.899%
dYdX
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 | −0.341% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| Variational Omni CL | −0.196% | −0.0022% | 4h | $13.7M | $16.3M | — | as long as short |
| edgeX CLUSDC | −0.174% | −0.0027% | 4h | $536K | $321K | 30x | as long as short |
| Phoenix WTIOIL | −0.154% | −0.0017% | 1h | $31K | $253K | 20x | as long as short |
| StandX CL-USD | −0.143% | +0.0040% | 1h | $802K | $1.2M | 40x | as long as short |
| Aftermath Perps WTIUSD | −0.136% | −0.0150% | 1h | $2K | $38K | 5x | as long as short |
| Ondo Perps WTI-USD.P | −0.090% | −0.0033% | 1h | $3.5M | $4.4M | 20x | as long as short |
| ApeX Omni CLUSDT | −0.090% | +0.0100% | 1h | $56K | $273K | 50x | as long as short |
| QFEX CL-USD | −0.079% | −0.0027% | 1h | $2.3M | $2.5M | 10x | as long as short |
| Gate CL_USDT | −0.058% | −0.0217% | 8h | $21.7M | $54.1M | 100x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest CL-PERP | −0.047% | +0.0046% | 1h | — | $250 | 10x | as long as short |
| Paradex CL-USD-PERP | −0.036% | +0.0002% | 8h | $15K | — | 5x | as long as short |
| BloFin CL-USDT | −0.036% | +0.0239% | 4h | $4.4M | $1.1M | 50x | as long as short |
| Pacifica CL | −0.026% | −0.0061% | 1h | $343K | $265K | 10x | as long as short |
| Aevo WTIOIL-PERP | −0.018% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Nado WTI-PERP | −0.005% | −0.0124% | 1h | $873K | $600K | 10x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.004% | −0.0008% | 1h | $405K | $771K | 15x | as long as short |
| Lighter WTIlong | 0.000% | +0.0008% | 1h | $11.2M | $11.4M | 20x | |
| Kraken Futures PF_WTIOILUSD | +0.002% | −0.0201% | 1h | $344K | $889K | 25x | as long as short |
| Bullet WTIOIL-USD | +0.002% | 0.0000% | 1h | $19K | $243K | 10x | as long as short |
| OKX CL-USDT-SWAP | +0.006% | −0.0002% | 4h | $45.6M | $83.6M | 50x | as long as short |
| SoDEX CL-USD | +0.010% | +0.0050% | 1h | $2.1M | $23K | 20x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | +0.012% | L +0.0239% / S −0.0173% | 1h | $90K | — | 111x | as long as short |
| tradeXYZ xyz:CL | +0.014% | −0.0072% | 1h | $190.4M | $213.9M | 20x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.017% | −0.0071% | 1h | $99K | $415K | 15x | as long as short |
| RISEx CL/USDC | +0.023% | 0.0000% | 1h | $3.1M | $742K | 20x | as long as short |
| Bybit CLUSDT | +0.028% | 0.0000% | 8h | $24.4M | $71.6M | 150x | as long as short |
| Bitget CLUSDT | +0.029% | −0.0030% | 4h | $44.1M | $52.4M | 100x | as long as short |
| Binance CLUSDT | +0.030% | −0.0039% | 4h | $266.9M | $739.9M | 100x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.041% | +0.0050% | 1h | $1.7M | $1.5M | 20x | as long as short |
| Aster CLUSD1 | +0.047% | −0.0103% | 4h | $25.1M | $57.2M | 20x | as long as short |
| KuCoin CLUSDTM | +0.055% | +0.0100% | 4h | $7.6M | $740K | 50x | as long as short |
| Extended WTI-USDshort | +0.071% | +0.0032% | 1h | $2.0M | $29.6M | 10x | |
| dYdX WTI-USD | +0.074% | 0.0000% | 1h | $6K | $126 | 5x | as long as short |
| Injective WTI/USDC PERP | +0.555% | +0.0033% | 1h | $18K | $31K | 30x | as long as short |