Spread before costs (cost unknown: a leg has no order-book sample)+0.085%
7d average—if it closes, per $10,000$8funding while held, a day−$1.29
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex CL-USD-PERP | 92.216 | 0.0043 | pay 0.0043% / 8h | 39m 01s | $15K | — | 5x |
| Short | Aster CLUSD1 | 92.294 | 0 | get 0.0000% / 4h | 39m 01s | $24.8M | $61.1M | 20x |
Paradex CL-USD-PERP
Aster CLUSD1Price 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
- $8.47
- Funding while held
- −$1.29
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$4.82
- Spread needed to break even
- 0.120%
Slippage unknown: Paradex: no order-book sample; Aster: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0043%
- Per $10,000 a day
- −$1.29
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 2 min ago | 0.54 bp | 6.3 bp −$6 | 6.7 bp −$67 | doesn't fit | doesn't fit |
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)91.992cheapestVariational Omni92.066+0.081%edgeX92.084+0.100%StandX92.100+0.117%Phoenix92.120+0.139%ApeX Omni92.130+0.150%Ondo Perps92.180+0.204%Aftermath Perps92.180+0.205%Pacifica92.199+0.225%Vest92.210+0.237%
gTrade (Gains Network)
Variational Omni
StandX
Phoenix
ApeX Omni
Ondo Perps
Pacifica
VestParadex92.216+0.244%
QFEX92.230+0.259%dYdX92.237+0.266%Gate92.240+0.270%Coinbase International92.240+0.270%Nado92.241+0.270%RISEx92.254+0.285%BloFin92.260+0.291%Lighter92.284+0.317%SoDEX92.285+0.319%Aevo92.288+0.322%OKX92.290+0.324%Polymarket Perps92.290+0.324%
QFEX
dYdX
Gate
Coinbase International
Nado
RISEx
BloFin
Lighter
SoDEX
Aevo
OKX
Polymarket PerpsAster92.294+0.329%
Bitget92.295+0.329%GMX92.295+0.329%Binance92.297+0.331%Bullet92.297+0.332%Bybit92.300+0.335%KuCoin92.305+0.340%Extended92.310+0.346%Kraken Futures92.312+0.348%tradeXYZ92.315+0.351%Deribit92.320+0.357%Injective92.595+0.655%
Bitget
GMX
Binance
Bullet
Bybit
KuCoin
Extended
Kraken Futures
tradeXYZ
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 | −0.243% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| Variational Omni CL | −0.163% | 0.0000% | 4h | $12.7M | $17.4M | — | as long as short |
| edgeX CLUSDC | −0.143% | −0.0060% | 4h | $527K | $319K | 30x | as long as short |
| StandX CL-USD | −0.126% | +0.0040% | 1h | $726K | $1.9M | 40x | as long as short |
| Phoenix WTIOIL | −0.104% | 0.0000% | 1h | $36K | $268K | 20x | as long as short |
| ApeX Omni CLUSDT | −0.094% | +0.0100% | 1h | $56K | $271K | 50x | as long as short |
| Ondo Perps WTI-USD.P | −0.039% | −0.0003% | 1h | $3.4M | $5.1M | 20x | as long as short |
| Aftermath Perps WTIUSD | −0.039% | −0.0067% | 1h | $2K | $37K | 5x | as long as short |
| Pacifica CL | −0.019% | +0.0100% | 1h | $348K | $318K | 10x | as long as short |
| Vest CL-PERP | −0.007% | +0.0046% | 1h | — | $86K | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex CL-USD-PERPlong | 0.000% | +0.0043% | 8h | $15K | — | 5x | |
| QFEX CL-USD | +0.015% | −0.0011% | 1h | $2.3M | $2.8M | 10x | as long as short |
| dYdX WTI-USD | +0.022% | 0.0000% | 1h | $5K | $126 | 5x | as long as short |
| Gate CL_USDT | +0.026% | −0.0094% | 8h | $21.3M | $56.8M | 100x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.026% | +0.0024% | 1h | $376K | $928K | 15x | as long as short |
| Nado WTI-PERP | +0.026% | −0.0096% | 1h | $794K | $734K | 10x | as long as short |
| RISEx CL/USDC | +0.041% | 0.0000% | 1h | $3.1M | $1.8M | 20x | as long as short |
| BloFin CL-USDT | +0.047% | +0.0240% | 4h | $4.3M | $1.4M | 50x | as long as short |
| Lighter WTI | +0.073% | +0.0032% | 1h | $11.0M | $11.7M | 20x | as long as short |
| SoDEX CL-USD | +0.075% | +0.0050% | 1h | $2.0M | $28K | 20x | as long as short |
| Aevo WTIOIL-PERP | +0.078% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| OKX CL-USDT-SWAP | +0.080% | 0.0000% | 4h | $44.2M | $99.3M | 50x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.080% | +0.0050% | 1h | $1.7M | $1.5M | 20x | as long as short |
| Aster CLUSD1short | +0.085% | 0.0000% | 4h | $24.8M | $61.1M | 20x | |
| Bitget CLUSDT | +0.085% | 0.0000% | 4h | $43.2M | $56.8M | 100x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | +0.085% | L +0.0134% / S +0.0018% | 1h | $78K | — | 111x | as long as short |
| Binance CLUSDT | +0.087% | 0.0000% | 4h | $251.7M | $911.0M | 100x | as long as short |
| Bullet WTIOIL-USD | +0.088% | 0.0000% | 1h | $18K | $247K | 10x | as long as short |
| Bybit CLUSDT | +0.091% | 0.0000% | 8h | $24.7M | $83.8M | 150x | as long as short |
| KuCoin CLUSDTM | +0.096% | +0.0100% | 4h | $7.4M | $799K | 50x | as long as short |
| Extended WTI-USD | +0.102% | +0.0032% | 1h | $1.9M | $30.2M | 10x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.104% | −0.0001% | 1h | $290K | $1.2M | 25x | as long as short |
| tradeXYZ xyz:CL | +0.107% | +0.0046% | 1h | $185.4M | $247.5M | 20x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.112% | 0.0000% | 1h | $97K | $466K | 15x | as long as short |
| Injective WTI/USDC PERP | +0.411% | +0.0220% | 1h | $18K | $32K | 30x | as long as short |