After costs, if the gap returns to its 7d average, $10k−$32
spread now+0.017%7d average+0.119%fees + slippage, in and out−$21spread needed0.213%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WTI | 92.499 | 0.0008 | pay 0.0001% / 1h | 6m 06s | $11.2M | $12.8M | 20x |
| Short | KuCoin CLUSDTM | 92.515 | 0.0100 | get 0.0050% / 4h | 1h 06m | $7.6M | $1.1M | 50x |
Lighter WTI
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
- $1.73
- Funding while held
- $2.76
- Slippage, 4 orders
- −$9.33
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$16.84
- Spread needed to break even
- 0.213%
Slippage from Lighter: live order book, 4 min ago; KuCoin: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0092%
- Per $10,000 a day
- +$2.76
- 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, 4 min ago | 0.22 bp | 0.8 bp −$1 | 1.0 bp −$10 | 7.4 bp −$739 | 38.7 bp −$19.4K |
| Sell KuCoin live order book, 8 min ago | 2.76 bp | 10.8 bp −$11 | 30.5 bp −$305 | doesn't fit | doesn't fit |
CL price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)92.218cheapestStandX92.250+0.035%Coinbase International92.340+0.132%BloFin92.400+0.197%Variational Omni92.408+0.206%edgeX92.420+0.219%Gate92.430+0.230%Aftermath Perps92.440+0.241%Ondo Perps92.450+0.252%Paradex92.468+0.271%Binance92.470+0.273%OKX92.470+0.273%dYdX92.473+0.276%GMX92.475+0.279%Bullet92.478+0.282%Phoenix92.480+0.284%Aevo92.483+0.288%QFEX92.490+0.295%Bitget92.490+0.295%SoDEX92.495+0.300%Pacifica92.498+0.303%
gTrade (Gains Network)
StandX
Coinbase International
BloFin
Variational Omni
Gate
Ondo Perps
Paradex
Binance
OKX
dYdX
GMX
Bullet
Phoenix
Aevo
QFEX
Bitget
SoDEX
PacificaLighter92.499+0.305%
Bybit92.500+0.306%Deribit92.500+0.306%Aster92.502+0.308%tradeXYZ92.506+0.312%ApeX Omni92.510+0.317%Nado92.511+0.318%
Bybit
Deribit
Aster
tradeXYZ
ApeX Omni
NadoKuCoin92.515+0.322%
Polymarket Perps92.520+0.327%Kraken Futures92.525+0.333%Extended92.540+0.349%Vest92.560+0.371%Injective92.595+0.409%RISEx92.597+0.410%
Polymarket Perps
Kraken Futures
Extended
Vest
Injective
RISExCL 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 | −0.304% | L −0.0038% / S +0.0036% | 1h | $179K | — | 150x | as long as short |
| StandX CL-USD | −0.269% | +0.0040% | 1h | $727K | $2.5M | 40x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.172% | +0.0016% | 1h | $389K | $1.1M | 15x | as long as short |
| BloFin CL-USDT | −0.107% | +0.0240% | 4h | $4.1M | $1.5M | 50x | as long as short |
| Variational Omni CL | −0.098% | −0.0030% | 4h | $13.6M | $17.2M | — | as long as short |
| edgeX CLUSDC | −0.085% | +0.0010% | 4h | $531K | $351K | 30x | as long as short |
| Gate CL_USDT | −0.075% | 0.0000% | 8h | $21.2M | $61.7M | 100x | as long as short |
| Aftermath Perps WTIUSD | −0.064% | −0.0073% | 1h | $2K | $34K | 5x | as long as short |
| Ondo Perps WTI-USD.P | −0.053% | −0.0010% | 1h | $3.5M | $6.2M | 20x | as long as short |
| Paradex CL-USD-PERP | −0.034% | +0.0038% | 8h | $15K | $367 | 5x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance CLUSDT | −0.031% | −0.0049% | 4h | $245.3M | $1.04B | 100x | as long as short |
| OKX CL-USDT-SWAP | −0.031% | 0.0000% | 4h | $43.4M | $111.8M | 50x | as long as short |
| dYdX WTI-USD | −0.028% | 0.0000% | 1h | $8K | $3K | 5x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | −0.026% | L +0.0130% / S +0.0031% | 1h | $79K | — | 111x | as long as short |
| Bullet WTIOIL-USD | −0.022% | 0.0000% | 1h | $18K | $248K | 10x | as long as short |
| Phoenix WTIOIL | −0.021% | +0.0009% | 1h | $33K | $271K | 20x | as long as short |
| Aevo WTIOIL-PERP | −0.017% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| QFEX CL-USD | −0.010% | −0.0022% | 1h | $2.4M | $2.8M | 10x | as long as short |
| Bitget CLUSDT | −0.010% | 0.0000% | 4h | $42.7M | $63.3M | 100x | as long as short |
| SoDEX CL-USD | −0.004% | +0.0050% | 1h | $2.0M | $45K | 20x | as long as short |
| Pacifica CL | −0.001% | +0.0100% | 1h | $312K | $537K | 10x | as long as short |
| Lighter WTIlong | 0.000% | +0.0008% | 1h | $11.2M | $12.8M | 20x | |
| Bybit CLUSDT | +0.001% | 0.0000% | 8h | $25.1M | $95.3M | 150x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.001% | −0.0182% | 1h | $96K | $463K | 15x | as long as short |
| Aster CLUSD1 | +0.003% | −0.0075% | 4h | $25.0M | $70.6M | 20x | as long as short |
| tradeXYZ xyz:CL | +0.008% | +0.0050% | 1h | $186.2M | $281.3M | 20x | as long as short |
| ApeX Omni CLUSDT | +0.012% | +0.0100% | 1h | $56K | $271K | 50x | as long as short |
| Nado WTI-PERP | +0.013% | +0.0002% | 1h | $832K | $736K | 10x | as long as short |
| KuCoin CLUSDTMshort | +0.017% | +0.0100% | 4h | $7.6M | $1.1M | 50x | |
| Polymarket Perps WTIOIL-USD | +0.023% | +0.0050% | 1h | $1.6M | $1.2M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.028% | +0.0064% | 1h | $259K | $1.3M | 25x | as long as short |
| Extended WTI-USD | +0.044% | +0.0032% | 1h | $1.9M | $30.0M | 10x | as long as short |
| Vest CL-PERP | +0.066% | +0.0046% | 1h | — | $243K | 10x | as long as short |
| Injective WTI/USDC PERP | +0.104% | +0.0033% | 1h | $18K | $14K | 30x | as long as short |
| RISEx CL/USDC | +0.105% | 0.0000% | 1h | $3.1M | $2.6M | 20x | as long as short |