After costs, if the gap returns to its 7d average, $10k−$10
spread now+0.096%7d average+0.081%fees + slippage, in and out−$11spread needed0.113%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WTI | 91.875 | 0.0032 | pay 0.0004% / 1h | 24m 48s | $11.0M | $11.7M | 20x |
| Short | Nado WTI-PERP | 91.963 | −0.0063 | pay 0.0008% / 1h | 24m 48s | $812K | $709K | 10x |
Lighter WTI
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
- $9.57
- Funding while held
- −$2.86
- Slippage, 4 orders
- −$4.3
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$4.58
- Spread needed to break even
- 0.113%
Slippage from Lighter: live order book, 5 min ago; Nado: live order book, 30 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0095%
- Per $10,000 a day
- −$2.86
- 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 | 0.33 bp | 0.7 bp −$1 | 1.7 bp −$17 | 7.2 bp −$717 | 28.1 bp −$14.1K |
| Sell Nado live order book, 30 min ago | 0.05 bp | 4.9 bp −$5 | 9.7 bp −$97 | 33.3 bp −$3,331 | doesn't fit |
CL price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)91.584cheapestedgeX91.686+0.111%dYdX91.818+0.256%Ondo Perps91.860+0.301%Pacifica91.864+0.306%Vest91.870+0.312%BloFin91.870+0.312%Aevo91.871+0.313%
gTrade (Gains Network)
dYdX
Ondo Perps
Pacifica
Vest
BloFin
AevoLighter91.875+0.318%
Paradex91.877+0.320%SoDEX91.887+0.331%Aftermath Perps91.888+0.332%GMX91.890+0.334%RISEx91.894+0.338%Kraken Futures91.897+0.342%QFEX91.900+0.345%StandX91.900+0.345%Bullet91.906+0.351%Deribit91.910+0.356%Polymarket Perps91.913+0.359%Extended91.920+0.367%Aster91.930+0.378%Gate91.940+0.389%Bitget91.946+0.395%Coinbase International91.950+0.400%KuCoin91.951+0.401%Phoenix91.960+0.411%
Paradex
SoDEX
GMX
RISEx
Kraken Futures
QFEX
StandX
Bullet
Deribit
Polymarket Perps
Extended
Aster
Gate
Bitget
Coinbase International
KuCoin
PhoenixNado91.963+0.414%
Variational Omni91.972+0.424%tradeXYZ91.980+0.432%Bybit91.984+0.437%OKX91.990+0.443%Binance91.998+0.453%ApeX Omni92.020+0.476%Injective92.595+1.104%
Variational Omni
tradeXYZ
Bybit
OKX
Binance
ApeX 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 |
| edgeX CLUSDC | −0.206% | −0.0064% | 4h | $525K | $322K | 30x | as long as short |
| dYdX WTI-USD | −0.062% | 0.0000% | 1h | $5K | $126 | 5x | as long as short |
| Ondo Perps WTI-USD.P | −0.016% | +0.0050% | 1h | $3.4M | $4.9M | 20x | as long as short |
| Pacifica CL | −0.012% | +0.0100% | 1h | $343K | $310K | 10x | as long as short |
| Vest CL-PERP | −0.005% | +0.0046% | 1h | — | $86K | 10x | as long as short |
| BloFin CL-USDT | −0.005% | +0.0240% | 4h | $4.3M | $1.4M | 50x | as long as short |
| Aevo WTIOIL-PERP | −0.005% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Lighter WTIlong | 0.000% | +0.0032% | 1h | $11.0M | $11.7M | 20x | |
| Paradex CL-USD-PERP | +0.003% | +0.0040% | 8h | $15K | — | 5x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX CL-USD | +0.013% | +0.0050% | 1h | $2.0M | $28K | 20x | as long as short |
| Aftermath Perps WTIUSD | +0.014% | −0.0083% | 1h | $2K | $37K | 5x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | +0.016% | L +0.0136% / S +0.0043% | 1h | $77K | — | 111x | as long as short |
| RISEx CL/USDC | +0.021% | 0.0000% | 1h | $3.0M | $1.3M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.024% | +0.0058% | 1h | $284K | $1.1M | 25x | as long as short |
| QFEX CL-USD | +0.027% | −0.0015% | 1h | $2.3M | $2.7M | 10x | as long as short |
| StandX CL-USD | +0.027% | +0.0040% | 1h | $727K | $1.6M | 40x | as long as short |
| Bullet WTIOIL-USD | +0.034% | 0.0000% | 1h | $18K | $248K | 10x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.038% | 0.0000% | 1h | $96K | $457K | 15x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.041% | +0.0050% | 1h | $1.7M | $1.5M | 20x | as long as short |
| Extended WTI-USD | +0.049% | +0.0032% | 1h | $1.9M | $30.3M | 10x | as long as short |
| Aster CLUSD1 | +0.060% | −0.0019% | 4h | $24.7M | $60.2M | 20x | as long as short |
| Gate CL_USDT | +0.071% | −0.0136% | 8h | $21.3M | $56.3M | 100x | as long as short |
| Bitget CLUSDT | +0.077% | 0.0000% | 4h | $42.7M | $56.2M | 100x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.082% | +0.0024% | 1h | $379K | $940K | 15x | as long as short |
| KuCoin CLUSDTM | +0.083% | +0.0100% | 4h | $7.4M | $804K | 50x | as long as short |
| Phoenix WTIOIL | +0.093% | +0.0009% | 1h | $30K | $256K | 20x | as long as short |
| Nado WTI-PERPshort | +0.096% | −0.0063% | 1h | $812K | $709K | 10x | |
| Variational Omni CL | +0.106% | 0.0000% | 4h | $12.4M | $17.0M | — | as long as short |
| tradeXYZ xyz:CL | +0.114% | +0.0007% | 1h | $182.8M | $239.0M | 20x | as long as short |
| Bybit CLUSDT | +0.119% | 0.0000% | 8h | $23.9M | $81.0M | 150x | as long as short |
| OKX CL-USDT-SWAP | +0.125% | 0.0000% | 4h | $44.5M | $95.1M | 50x | as long as short |
| Binance CLUSDT | +0.134% | 0.0000% | 4h | $253.9M | $874.5M | 100x | as long as short |
| ApeX Omni CLUSDT | +0.158% | +0.0100% | 1h | $55K | $271K | 50x | as long as short |
| Injective WTI/USDC PERP | +0.784% | +0.0033% | 1h | $18K | $32K | 30x | as long as short |