Spread before costs (cost unknown: a leg has no order-book sample)+0.051%
7d average—if it closes, per $10,000$5funding while held, a day+$0.21
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WTI | 92.815 | 0.0016 | pay 0.0002% / 1h | 27m 55s | $11.2M | $11.3M | 20x |
| Short | Paradex CL-USD-PERP | 92.862 | 0.0023 | get 0.0023% / 8h | 2h 27m | $15K | — | 5x |
Lighter WTI
Paradex CL-USD-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
- $5.08
- Funding while held
- $0.21
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $1.29
- Spread needed to break even
- 0.040%
Slippage unknown: Lighter: live order book, 7 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0007%
- Per $10,000 a day
- +$0.21
- 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, 7 min ago | 1.24 bp | 2.3 bp −$2 | 4.8 bp −$48 | 14.2 bp −$1,419 | 40.9 bp −$20.5K |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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)92.529cheapestApeX Omni92.640+0.120%BloFin92.650+0.131%StandX92.670+0.152%Variational Omni92.737+0.225%Aftermath Perps92.752+0.241%edgeX92.762+0.252%Ondo Perps92.790+0.282%Vest92.790+0.282%
gTrade (Gains Network)
ApeX Omni
BloFin
StandX
Variational Omni
Ondo Perps
VestLighter92.815+0.309%
Aevo92.826+0.321%Phoenix92.840+0.336%tradeXYZ92.851+0.348%SoDEX92.858+0.356%
Aevo
Phoenix
tradeXYZ
SoDEXParadex92.862+0.360%
GMX92.865+0.363%Bullet92.867+0.365%Deribit92.870+0.369%Bitget92.878+0.377%QFEX92.880+0.379%Polymarket Perps92.884+0.384%Extended92.890+0.390%OKX92.890+0.390%Gate92.890+0.390%Pacifica92.893+0.393%Coinbase International92.900+0.401%Kraken Futures92.910+0.412%KuCoin92.915+0.417%Nado92.928+0.432%dYdX92.928+0.432%Aster92.930+0.433%Binance92.930+0.433%Bybit92.930+0.433%RISEx92.935+0.439%Injective93.327+0.862%
GMX
Bullet
Deribit
Bitget
QFEX
Polymarket Perps
Extended
OKX
Gate
Pacifica
Coinbase International
Kraken Futures
KuCoin
Nado
dYdX
Aster
Binance
Bybit
RISEx
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 | −0.308% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| ApeX Omni CLUSDT | −0.189% | +0.0100% | 1h | $56K | $272K | 50x | as long as short |
| BloFin CL-USDT | −0.178% | +0.0240% | 4h | $4.3M | $1.1M | 50x | as long as short |
| StandX CL-USD | −0.156% | +0.0040% | 1h | $790K | $1.2M | 40x | as long as short |
| Variational Omni CL | −0.084% | 0.0000% | 4h | $13.0M | $16.7M | — | as long as short |
| Aftermath Perps WTIUSD | −0.068% | −0.0147% | 1h | $2K | $38K | 5x | as long as short |
| edgeX CLUSDC | −0.057% | −0.0031% | 4h | $531K | $322K | 30x | as long as short |
| Ondo Perps WTI-USD.P | −0.027% | +0.0010% | 1h | $3.4M | $4.8M | 20x | as long as short |
| Vest CL-PERP | −0.027% | +0.0046% | 1h | — | $43K | 10x | as long as short |
| Lighter WTIlong | 0.000% | +0.0016% | 1h | $11.2M | $11.3M | 20x |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo WTIOIL-PERP | +0.012% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Phoenix WTIOIL | +0.027% | −0.0034% | 1h | $31K | $254K | 20x | as long as short |
| tradeXYZ xyz:CL | +0.039% | −0.0029% | 1h | $189.1M | $226.0M | 20x | as long as short |
| SoDEX CL-USD | +0.046% | +0.0050% | 1h | $2.0M | $29K | 20x | as long as short |
| Paradex CL-USD-PERPshort | +0.051% | +0.0023% | 8h | $15K | — | 5x | |
| GMX WTIOIL/USD [ETH-USDC] | +0.054% | L +0.0238% / S −0.0173% | 1h | $89K | — | 111x | as long as short |
| Bullet WTIOIL-USD | +0.056% | 0.0000% | 1h | $18K | $246K | 10x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.059% | 0.0000% | 1h | $96K | $436K | 15x | as long as short |
| Bitget CLUSDT | +0.068% | −0.0012% | 4h | $43.3M | $54.5M | 100x | as long as short |
| QFEX CL-USD | +0.070% | −0.0027% | 1h | $2.3M | $2.4M | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.074% | +0.0050% | 1h | $1.7M | $1.5M | 20x | as long as short |
| Extended WTI-USD | +0.081% | +0.0032% | 1h | $1.9M | $30.2M | 10x | as long as short |
| OKX CL-USDT-SWAP | +0.081% | 0.0000% | 4h | $44.9M | $89.7M | 50x | as long as short |
| Gate CL_USDT | +0.081% | −0.0194% | 8h | $21.4M | $55.5M | 100x | as long as short |
| Pacifica CL | +0.084% | +0.0001% | 1h | $338K | $290K | 10x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.092% | −0.0032% | 1h | $397K | $903K | 15x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.103% | −0.0103% | 1h | $356K | $998K | 25x | as long as short |
| KuCoin CLUSDTM | +0.108% | +0.0100% | 4h | $7.5M | $791K | 50x | as long as short |
| Nado WTI-PERP | +0.122% | −0.0033% | 1h | $816K | $676K | 10x | as long as short |
| dYdX WTI-USD | +0.122% | 0.0000% | 1h | $6K | $126 | 5x | as long as short |
| Aster CLUSD1 | +0.124% | −0.0084% | 4h | $25.1M | $58.5M | 20x | as long as short |
| Binance CLUSDT | +0.124% | −0.0008% | 4h | $260.2M | $805.0M | 100x | as long as short |
| Bybit CLUSDT | +0.124% | 0.0000% | 8h | $24.4M | $76.0M | 150x | as long as short |
| RISEx CL/USDC | +0.129% | 0.0000% | 1h | $3.1M | $939K | 20x | as long as short |
| Injective WTI/USDC PERP | +0.552% | +0.0209% | 1h | $18K | $31K | 30x | as long as short |