After costs, if the gap returns to its 7d average, $10k−$27
spread now−0.065%7d average−0.037%fees + slippage, in and out−$25spread needed0.246%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CL-USDT-SWAP | 92.340 | 0 | get 0.0000% / 4h | 1h 49m | $43.4M | $110.0M | 50x |
| Short | Polymarket Perps WTIOIL-USD | 92.280 | 0.0050 | get 0.0006% / 1h | 49m 21s | $1.6M | $1.3M | 20x |
OKX CL-USDT-SWAP
Polymarket Perps WTIOIL-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
- −$6.5
- Funding while held
- $1.5
- Slippage, 4 orders
- −$6.56
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$29.56
- Spread needed to break even
- 0.246%
Slippage from OKX: live order book, 1 min ago; Polymarket Perps: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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 OKX live order book, 1 min ago | 0.54 bp | 5.5 bp −$6 | 6.5 bp −$65 | 13.7 bp −$1,366 | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 2.28 bp | 6.3 bp −$6 | 8.0 bp −$80 | 11.3 bp −$1,133 | doesn't fit |
CL price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)92.021cheapestStandX92.160+0.151%ApeX Omni92.200+0.195%Aftermath Perps92.219+0.215%BloFin92.220+0.216%dYdX92.224+0.220%Ondo Perps92.230+0.227%Coinbase International92.230+0.227%edgeX92.236+0.233%Paradex92.239+0.237%QFEX92.240+0.238%Gate92.250+0.249%Phoenix92.250+0.249%Pacifica92.261+0.261%Variational Omni92.267+0.268%
gTrade (Gains Network)
StandX
ApeX Omni
BloFin
dYdX
Ondo Perps
Coinbase International
Paradex
QFEX
Gate
Phoenix
Pacifica
Variational OmniPolymarket Perps92.280+0.281%
KuCoin92.293+0.296%Bullet92.293+0.296%GMX92.295+0.298%Aster92.309+0.313%Bitget92.313+0.317%tradeXYZ92.318+0.323%Aevo92.321+0.326%Extended92.330+0.336%Binance92.330+0.336%SoDEX92.335+0.341%RISEx92.338+0.345%Bybit92.339+0.346%
KuCoin
Bullet
GMX
Aster
Bitget
tradeXYZ
Aevo
Extended
Binance
SoDEX
RISEx
BybitOKX92.340+0.347%
Vest92.340+0.347%Lighter92.343+0.350%Kraken Futures92.348+0.355%Nado92.369+0.378%Deribit92.380+0.390%Injective92.595+0.624%
Vest
Lighter
Kraken Futures
Nado
Deribit
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 | −0.345% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| StandX CL-USD | −0.195% | +0.0040% | 1h | $726K | $2.4M | 40x | as long as short |
| ApeX Omni CLUSDT | −0.152% | +0.0100% | 1h | $56K | $271K | 50x | as long as short |
| Aftermath Perps WTIUSD | −0.131% | −0.0083% | 1h | $2K | $34K | 5x | as long as short |
| BloFin CL-USDT | −0.130% | +0.0240% | 4h | $4.1M | $1.5M | 50x | as long as short |
| dYdX WTI-USD | −0.126% | 0.0000% | 1h | $5K | $10 | 5x | as long as short |
| Ondo Perps WTI-USD.P | −0.119% | −0.0002% | 1h | $3.5M | $6.1M | 20x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.119% | +0.0016% | 1h | $387K | $1.1M | 15x | as long as short |
| edgeX CLUSDC | −0.113% | +0.0003% | 4h | $531K | $352K | 30x | as long as short |
| Paradex CL-USD-PERP | −0.109% | +0.0033% | 8h | $15K | $367 | 5x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX CL-USD | −0.108% | −0.0022% | 1h | $2.4M | $2.9M | 10x | as long as short |
| Gate CL_USDT | −0.097% | 0.0000% | 8h | $21.2M | $60.8M | 100x | as long as short |
| Phoenix WTIOIL | −0.097% | +0.0009% | 1h | $33K | $271K | 20x | as long as short |
| Pacifica CL | −0.085% | +0.0100% | 1h | $319K | $449K | 10x | as long as short |
| Variational Omni CL | −0.079% | −0.0008% | 4h | $13.4M | $17.6M | — | as long as short |
| Polymarket Perps WTIOIL-USDshort | −0.065% | +0.0050% | 1h | $1.6M | $1.3M | 20x | |
| KuCoin CLUSDTM | −0.051% | +0.0100% | 4h | $7.6M | $865K | 50x | as long as short |
| Bullet WTIOIL-USD | −0.051% | 0.0000% | 1h | $18K | $248K | 10x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | −0.049% | L +0.0131% / S +0.0029% | 1h | $79K | — | 111x | as long as short |
| Aster CLUSD1 | −0.034% | −0.0093% | 4h | $25.0M | $64.3M | 20x | as long as short |
| Bitget CLUSDT | −0.029% | 0.0000% | 4h | $42.5M | $62.8M | 100x | as long as short |
| tradeXYZ xyz:CL | −0.024% | +0.0050% | 1h | $191.0M | $274.4M | 20x | as long as short |
| Aevo WTIOIL-PERP | −0.021% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Extended WTI-USD | −0.011% | +0.0032% | 1h | $1.9M | $30.2M | 10x | as long as short |
| Binance CLUSDT | −0.011% | −0.0037% | 4h | $244.7M | $1.03B | 100x | as long as short |
| SoDEX CL-USD | −0.005% | +0.0050% | 1h | $2.0M | $44K | 20x | as long as short |
| RISEx CL/USDC | −0.002% | 0.0000% | 1h | $3.1M | $2.6M | 20x | as long as short |
| Bybit CLUSDT | −0.001% | 0.0000% | 8h | $25.6M | $95.1M | 150x | as long as short |
| OKX CL-USDT-SWAPlong | 0.000% | 0.0000% | 4h | $43.4M | $110.0M | 50x | |
| Vest CL-PERP | 0.000% | +0.0046% | 1h | — | $243K | 10x | as long as short |
| Lighter WTI | +0.003% | +0.0032% | 1h | $11.2M | $12.4M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.008% | +0.0065% | 1h | $262K | $1.3M | 25x | as long as short |
| Nado WTI-PERP | +0.032% | +0.0003% | 1h | $827K | $728K | 10x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.043% | 0.0000% | 1h | $96K | $470K | 15x | as long as short |
| Injective WTI/USDC PERP | +0.276% | +0.0033% | 1h | $18K | $14K | 30x | as long as short |