Spread before costs (cost unknown: a leg has no order-book sample)−0.104%
7d average—if it closes, per $10,000$10funding while held, a day−$1.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex CL-USD-PERP | 92.138 | 0.0039 | pay 0.0039% / 8h | 1h 38m | $15K | — | 5x |
| Short | Variational Omni CL | 92.042 | 0 | get 0.0000% / 4h | 1h 38m | $12.5M | $16.9M | — |
Paradex CL-USD-PERP
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
- −$10.42
- Funding while held
- −$1.17
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$15.59
- Spread needed to break even
- 0.040%
Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0039%
- Per $10,000 a day
- −$1.17
- 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 Variational Omni RFQ quote, 2 min ago | 2.27 bp | doesn't fit | 2.7 bp −$27 | 7.6 bp −$755 | 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)91.851cheapest
gTrade (Gains Network)Variational Omni92.042+0.208%
Gate92.080+0.249%ApeX Omni92.080+0.249%edgeX92.098+0.269%Vest92.100+0.271%Phoenix92.110+0.282%dYdX92.111+0.284%Lighter92.112+0.284%Bybit92.117+0.290%tradeXYZ92.121+0.294%Bitget92.128+0.302%Binance92.130+0.304%StandX92.130+0.304%Coinbase International92.130+0.304%Aevo92.133+0.307%SoDEX92.136+0.310%
Gate
ApeX Omni
Vest
Phoenix
dYdX
Lighter
Bybit
tradeXYZ
Bitget
Binance
StandX
Coinbase International
Aevo
SoDEXParadex92.138+0.313%
OKX92.140+0.315%Ondo Perps92.140+0.315%Deribit92.150+0.326%Aster92.160+0.336%Pacifica92.160+0.336%QFEX92.160+0.336%Bullet92.165+0.342%Kraken Futures92.166+0.343%Extended92.170+0.347%GMX92.175+0.353%KuCoin92.178+0.356%BloFin92.180+0.358%Polymarket Perps92.197+0.377%Aftermath Perps92.200+0.380%Nado92.229+0.411%RISEx92.238+0.422%Injective92.595+0.810%
OKX
Ondo Perps
Deribit
Aster
Pacifica
QFEX
Bullet
Kraken Futures
Extended
GMX
KuCoin
BloFin
Polymarket Perps
Nado
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 | −0.312% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| Variational Omni CLshort | −0.104% | 0.0000% | 4h | $12.5M | $16.9M | — | |
| Gate CL_USDT | −0.063% | −0.0152% | 8h | $21.4M | $55.6M | 100x | as long as short |
| ApeX Omni CLUSDT | −0.063% | +0.0100% | 1h | $55K | $271K | 50x | as long as short |
| edgeX CLUSDC | −0.044% | −0.0057% | 4h | $527K | $318K | 30x | as long as short |
| Vest CL-PERP | −0.042% | +0.0046% | 1h | — | $86K | 10x | as long as short |
| Phoenix WTIOIL | −0.031% | +0.0009% | 1h | $30K | $256K | 20x | as long as short |
| dYdX WTI-USD | −0.029% | 0.0000% | 1h | $5K | $126 | 5x | as long as short |
| Lighter WTI | −0.029% | +0.0032% | 1h | $11.1M | $11.4M | 20x | as long as short |
| Bybit CLUSDT | −0.023% | 0.0000% | 8h | $24.0M | $79.4M | 150x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CL | −0.019% | +0.0026% | 1h | $183.3M | $236.1M | 20x | as long as short |
| Bitget CLUSDT | −0.011% | 0.0000% | 4h | $42.7M | $55.6M | 100x | as long as short |
| Binance CLUSDT | −0.009% | 0.0000% | 4h | $254.1M | $852.5M | 100x | as long as short |
| StandX CL-USD | −0.009% | +0.0040% | 1h | $733K | $1.5M | 40x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | −0.009% | +0.0024% | 1h | $395K | $909K | 15x | as long as short |
| Aevo WTIOIL-PERP | −0.006% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| SoDEX CL-USD | −0.003% | +0.0050% | 1h | $2.0M | $28K | 20x | as long as short |
| Paradex CL-USD-PERPlong | 0.000% | +0.0039% | 8h | $15K | — | 5x | |
| OKX CL-USDT-SWAP | +0.002% | 0.0000% | 4h | $44.5M | $93.0M | 50x | as long as short |
| Ondo Perps WTI-USD.P | +0.002% | +0.0050% | 1h | $3.4M | $4.9M | 20x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.013% | 0.0000% | 1h | $96K | $452K | 15x | as long as short |
| Aster CLUSD1 | +0.023% | −0.0024% | 4h | $24.8M | $59.8M | 20x | as long as short |
| Pacifica CL | +0.023% | +0.0100% | 1h | $344K | $310K | 10x | as long as short |
| QFEX CL-USD | +0.023% | −0.0015% | 1h | $2.3M | $2.6M | 10x | as long as short |
| Bullet WTIOIL-USD | +0.029% | 0.0000% | 1h | $17K | $247K | 10x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.030% | +0.0058% | 1h | $361K | $1.0M | 25x | as long as short |
| Extended WTI-USD | +0.034% | +0.0032% | 1h | $1.9M | $30.1M | 10x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | +0.040% | L +0.0231% / S −0.0152% | 1h | $88K | — | 111x | as long as short |
| KuCoin CLUSDTM | +0.043% | +0.0100% | 4h | $7.5M | $790K | 50x | as long as short |
| BloFin CL-USDT | +0.045% | +0.0240% | 4h | $4.3M | $1.3M | 50x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.064% | +0.0050% | 1h | $1.7M | $1.5M | 20x | as long as short |
| Aftermath Perps WTIUSD | +0.067% | −0.0095% | 1h | $2K | $37K | 5x | as long as short |
| Nado WTI-PERP | +0.098% | −0.0068% | 1h | $811K | $694K | 10x | as long as short |
| RISEx CL/USDC | +0.108% | 0.0000% | 1h | $3.0M | $1.1M | 20x | as long as short |
| Injective WTI/USDC PERP | +0.495% | +0.0033% | 1h | $18K | $32K | 30x | as long as short |