data as of
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Price arb /

CL

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Spread before costs (cost unknown: a leg has no order-book sample)−0.030%
7d average+0.059%if it closes, per $10,000$3funding while held, a day−$1.51
Long on Ondo PerpsShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps WTI-USD.P92.0700.0050pay 0.0006% / 1h39m 50s$3.4M$4.9M20x
ShortVariational Omni CL92.0420get 0.0000% / 4h1h 39m$12.5M$16.9M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$2.99
Funding while held
−$1.51
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$9.5
Spread needed to break even
0.050%
Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0050%
Per $10,000 a day
−$1.51
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample—————
Sell Variational Omni RFQ quote, 1 min ago2.27 bpdoesn't fit2.7 bp −$277.6 bp −$755doesn't fit
Ondo Perps: 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)91.792cheapest
Variational Omni92.042+0.273%
Ondo Perps92.070+0.303%
Lighter92.078+0.312%Gate92.080+0.314%ApeX Omni92.080+0.314%Aevo92.090+0.325%SoDEX92.098+0.333%Paradex92.099+0.334%Vest92.100+0.336%BloFin92.100+0.336%Pacifica92.103+0.339%QFEX92.110+0.346%Deribit92.110+0.346%dYdX92.111+0.348%Aster92.120+0.357%Extended92.120+0.357%Kraken Futures92.124+0.361%GMX92.125+0.363%Coinbase International92.130+0.368%Bullet92.134+0.373%KuCoin92.138+0.377%Binance92.140+0.379%Bybit92.140+0.379%Polymarket Perps92.142+0.381%tradeXYZ92.157+0.398%StandX92.160+0.401%OKX92.170+0.412%Phoenix92.180+0.423%Bitget92.182+0.425%Aftermath Perps92.185+0.428%Nado92.194+0.438%edgeX92.201+0.446%RISEx92.217+0.463%Injective92.595+0.875%

CL on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) WTI/USD−0.302%L 0.0000% / S +0.0036%1h$4K—150xas long as short
Variational Omni CLshort−0.030%0.0000%4h$12.5M$16.9M—
Ondo Perps WTI-USD.Plong0.000%+0.0050%1h$3.4M$4.9M20x
Lighter WTI+0.009%+0.0032%1h$11.1M$11.4M20xas long as short
Gate CL_USDT+0.011%−0.0153%8h$21.4M$55.6M100xas long as short
ApeX Omni CLUSDT+0.011%+0.0100%1h$55K$271K50xas long as short
Aevo WTIOIL-PERP+0.022%+0.0104%1h$4K$4910xas long as short
SoDEX CL-USD+0.030%+0.0050%1h$2.0M$28K20xas long as short
Paradex CL-USD-PERP+0.031%+0.0039%8h$15K—5xas long as short
Vest CL-PERP+0.033%+0.0046%1h—$86K10xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin CL-USDT+0.033%+0.0240%4h$4.3M$1.3M50xas long as short
Pacifica CL+0.036%+0.0100%1h$344K$291K10xas long as short
QFEX CL-USD+0.043%−0.0015%1h$2.3M$2.6M10xas long as short
Deribit WTIOIL_USDC-PERPETUAL+0.043%0.0000%1h$96K$452K15xas long as short
dYdX WTI-USD+0.045%0.0000%1h$5K$1265xas long as short
Aster CLUSD1+0.054%−0.0026%4h$24.7M$59.8M20xas long as short
Extended WTI-USD+0.054%+0.0032%1h$1.9M$30.1M10xas long as short
Kraken Futures PF_WTIOILUSD+0.058%+0.0058%1h$361K$1.0M25xas long as short
GMX WTIOIL/USD [ETH-USDC]+0.060%L +0.0231% / S −0.0152%1h$88K—111xas long as short
Coinbase International WTIOIL-PERP-INTX+0.065%+0.0024%1h$395K$909K15xas long as short
Bullet WTIOIL-USD+0.069%0.0000%1h$17K$247K10xas long as short
KuCoin CLUSDTM+0.074%+0.0100%4h$7.5M$799K50xas long as short
Binance CLUSDT+0.076%0.0000%4h$254.1M$851.4M100xas long as short
Bybit CLUSDT+0.076%0.0000%8h$24.0M$79.4M150xas long as short
Polymarket Perps WTIOIL-USD+0.078%+0.0050%1h$1.7M$1.5M20xas long as short
tradeXYZ xyz:CL+0.094%+0.0026%1h$183.4M$235.8M20xas long as short
StandX CL-USD+0.098%+0.0040%1h$733K$1.5M40xas long as short
OKX CL-USDT-SWAP+0.109%0.0000%4h$44.4M$93.0M50xas long as short
Phoenix WTIOIL+0.119%+0.0009%1h$30K$256K20xas long as short
Bitget CLUSDT+0.122%0.0000%4h$42.7M$55.6M100xas long as short
Aftermath Perps WTIUSD+0.125%−0.0098%1h$2K$37K5xas long as short
Nado WTI-PERP+0.135%−0.0070%1h$811K$694K10xas long as short
edgeX CLUSDC+0.143%−0.0038%4h$528K$320K30xas long as short
RISEx CL/USDC+0.159%0.0000%1h$3.0M$1.1M20xas long as short
Injective WTI/USDC PERP+0.570%+0.0033%1h$18K$32K30xas long as short