Spread before costs (cost unknown: a leg has no order-book sample)+0.113%
7d average+0.093%if it closes, per $10,000$11funding while held, a day+$0.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WTI | 91.506 | −0.0032 | get 0.0004% / 1h | 43m 15s | $11.0M | $11.9M | 20x |
| Short | Variational Omni CL | 91.609 | 0 | get 0.0000% / 4h | 3h 43m | $12.5M | $17.2M | — |
Lighter WTI
Variational Omni CLPrice 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
- $11.27
- Funding while held
- $0.96
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $12.23
- Spread needed to break even
- 0.000%
Slippage unknown: Lighter: live order book, 7 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 7 min ago | 0.05 bp | 1.7 bp −$2 | 2.4 bp −$24 | 9.2 bp −$918 | 29.8 bp −$14.9K |
| Sell Variational Omni RFQ quote, 2 min ago | 2.28 bp | doesn't fit | 3.6 bp −$36 | 12.3 bp −$1,227 | doesn't fit |
CL price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)91.242cheapestOKX91.500+0.283%Gate91.500+0.283%Bybit91.505+0.288%
gTrade (Gains Network)
OKX
Gate
BybitLighter91.506+0.289%
Binance91.508+0.292%SoDEX91.515+0.299%Ondo Perps91.520+0.305%StandX91.520+0.305%BloFin91.520+0.305%Aevo91.523+0.308%Bitget91.525+0.310%GMX91.525+0.310%Paradex91.525+0.310%Bullet91.529+0.315%Vest91.530+0.316%tradeXYZ91.537+0.323%Pacifica91.540+0.327%Deribit91.540+0.327%Aster91.545+0.332%QFEX91.550+0.338%edgeX91.551+0.338%Kraken Futures91.552+0.340%Extended91.560+0.349%Polymarket Perps91.561+0.350%KuCoin91.563+0.352%Nado91.567+0.356%dYdX91.570+0.359%
Binance
SoDEX
Ondo Perps
StandX
BloFin
Aevo
Bitget
GMX
Paradex
Bullet
Vest
tradeXYZ
Pacifica
Deribit
Aster
QFEX
Kraken Futures
Extended
Polymarket Perps
KuCoin
Nado
dYdXVariational Omni91.609+0.402%
RISEx91.611+0.405%Phoenix91.630+0.425%ApeX Omni91.640+0.436%Aftermath Perps91.665+0.464%Coinbase International91.750+0.557%Injective92.595+1.483%
RISEx
Phoenix
ApeX Omni
Coinbase International
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 | −0.289% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| OKX CL-USDT-SWAP | −0.007% | 0.0000% | 4h | $43.5M | $103.3M | 50x | as long as short |
| Gate CL_USDT | −0.007% | 0.0000% | 8h | $21.2M | $57.8M | 100x | as long as short |
| Bybit CLUSDT | −0.001% | 0.0000% | 8h | $24.9M | $90.3M | 150x | as long as short |
| Lighter WTIlong | 0.000% | −0.0032% | 1h | $11.0M | $11.9M | 20x | |
| Binance CLUSDT | +0.003% | 0.0000% | 4h | $246.7M | $976.1M | 100x | as long as short |
| SoDEX CL-USD | +0.010% | +0.0050% | 1h | $2.0M | $31K | 20x | as long as short |
| Ondo Perps WTI-USD.P | +0.015% | +0.0050% | 1h | $3.5M | $5.8M | 20x | as long as short |
| StandX CL-USD | +0.015% | −0.0048% | 1h | $721K | $2.1M | 40x | as long as short |
| BloFin CL-USDT | +0.015% | +0.0240% | 4h | $4.2M | $1.4M | 50x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo WTIOIL-PERP | +0.018% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Bitget CLUSDT | +0.021% | 0.0000% | 4h | $42.8M | $59.3M | 100x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | +0.021% | L +0.0221% / S −0.0150% | 1h | $83K | — | 111x | as long as short |
| Paradex CL-USD-PERP | +0.021% | +0.0040% | 8h | $15K | — | 5x | as long as short |
| Bullet WTIOIL-USD | +0.025% | 0.0000% | 1h | $19K | $247K | 10x | as long as short |
| Vest CL-PERP | +0.026% | +0.0046% | 1h | — | $86K | 10x | as long as short |
| tradeXYZ xyz:CL | +0.034% | −0.0017% | 1h | $183.2M | $258.0M | 20x | as long as short |
| Pacifica CL | +0.037% | +0.0100% | 1h | $346K | $344K | 10x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.037% | 0.0000% | 1h | $95K | $458K | 15x | as long as short |
| Aster CLUSD1 | +0.042% | 0.0000% | 4h | $24.8M | $62.7M | 20x | as long as short |
| QFEX CL-USD | +0.048% | −0.0016% | 1h | $2.3M | $2.8M | 10x | as long as short |
| edgeX CLUSDC | +0.049% | −0.0088% | 4h | $524K | $331K | 30x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.050% | −0.0038% | 1h | $297K | $1.2M | 25x | as long as short |
| Extended WTI-USD | +0.059% | +0.0032% | 1h | $2.1M | $30.5M | 10x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.060% | +0.0050% | 1h | $1.6M | $1.5M | 20x | as long as short |
| KuCoin CLUSDTM | +0.062% | +0.0100% | 4h | $7.5M | $856K | 50x | as long as short |
| Nado WTI-PERP | +0.067% | −0.0007% | 1h | $805K | $764K | 10x | as long as short |
| dYdX WTI-USD | +0.070% | 0.0000% | 1h | $5K | $126 | 5x | as long as short |
| Variational Omni CLshort | +0.113% | 0.0000% | 4h | $12.5M | $17.2M | — | |
| RISEx CL/USDC | +0.115% | 0.0000% | 1h | $3.0M | $2.4M | 20x | as long as short |
| Phoenix WTIOIL | +0.136% | +0.0035% | 1h | $33K | $267K | 20x | as long as short |
| ApeX Omni CLUSDT | +0.146% | +0.0100% | 1h | $55K | $271K | 50x | as long as short |
| Aftermath Perps WTIUSD | +0.174% | −0.0053% | 1h | $2K | $36K | 5x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.267% | +0.0016% | 1h | $373K | $941K | 15x | as long as short |
| Injective WTI/USDC PERP | +1.190% | +0.0033% | 1h | $18K | $14K | 30x | as long as short |