After costs, if the gap returns to its 7d average, $10k−$23
spread now+0.065%7d average−0.033%fees + slippage, in and out−$33spread needed0.330%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WTIOIL | 92.160 | 0.0009 | pay 0.0001% / 1h | 24m 00s | $33K | $271K | 20x |
| Short | Bybit CLUSDT | 92.220 | 0 | get 0.0000% / 8h | 5h 24m | $25.2M | $95.1M | 150x |
Phoenix WTIOIL
Bybit CLUSDTPrice 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
- $6.51
- Funding while held
- −$0.26
- Slippage, 4 orders
- −$15.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$26.77
- Spread needed to break even
- 0.330%
Slippage from Phoenix: live order book, 41 min ago; Bybit: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0009%
- Per $10,000 a day
- −$0.26
- 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 Phoenix live order book, 41 min ago | 3.26 bp | 10.0 bp −$10 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.54 bp | 6.4 bp −$6 | 7.7 bp −$77 | 17.1 bp −$1,705 | 97.0 bp −$48.5K |
CL price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)91.926cheapestVariational Omni92.129+0.221%StandX92.130+0.222%Gate92.150+0.244%BloFin92.150+0.244%
gTrade (Gains Network)
Variational Omni
StandX
Gate
BloFinPhoenix92.160+0.255%
Ondo Perps92.190+0.287%Aevo92.199+0.297%GMX92.205+0.304%SoDEX92.205+0.304%Bullet92.209+0.308%Binance92.210+0.309%OKX92.210+0.309%Paradex92.211+0.310%Lighter92.212+0.311%KuCoin92.212+0.311%Bitget92.215+0.314%dYdX92.220+0.319%Aster92.220+0.320%
Ondo Perps
Aevo
GMX
SoDEX
Bullet
Binance
OKX
Paradex
Lighter
KuCoin
Bitget
dYdX
AsterBybit92.220+0.320%
QFEX92.230+0.331%Pacifica92.236+0.337%Aftermath Perps92.239+0.340%Kraken Futures92.240+0.341%tradeXYZ92.240+0.342%Deribit92.240+0.342%Polymarket Perps92.245+0.347%Nado92.245+0.347%Extended92.250+0.352%Vest92.270+0.374%RISEx92.322+0.430%Coinbase International92.340+0.450%ApeX Omni92.350+0.461%edgeX92.353+0.465%Injective92.595+0.728%
QFEX
Pacifica
Kraken Futures
tradeXYZ
Deribit
Polymarket Perps
Nado
Extended
Vest
RISEx
Coinbase International
ApeX Omni
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 | −0.254% | L −0.0066% / S +0.0036% | 1h | $142K | — | 150x | as long as short |
| Variational Omni CL | −0.033% | −0.0026% | 4h | $13.4M | $17.1M | — | as long as short |
| StandX CL-USD | −0.033% | +0.0040% | 1h | $725K | $2.4M | 40x | as long as short |
| Gate CL_USDT | −0.011% | 0.0000% | 8h | $21.1M | $61.5M | 100x | as long as short |
| BloFin CL-USDT | −0.011% | +0.0240% | 4h | $4.1M | $1.5M | 50x | as long as short |
| Phoenix WTIOILlong | 0.000% | +0.0009% | 1h | $33K | $271K | 20x | |
| Ondo Perps WTI-USD.P | +0.033% | −0.0009% | 1h | $3.4M | $6.2M | 20x | as long as short |
| Aevo WTIOIL-PERP | +0.042% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | +0.049% | L +0.0131% / S +0.0030% | 1h | $79K | — | 111x | as long as short |
| SoDEX CL-USD | +0.049% | +0.0050% | 1h | $2.0M | $45K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bullet WTIOIL-USD | +0.053% | 0.0000% | 1h | $18K | $248K | 10x | as long as short |
| Binance CLUSDT | +0.054% | −0.0048% | 4h | $244.4M | $1.03B | 100x | as long as short |
| OKX CL-USDT-SWAP | +0.054% | 0.0000% | 4h | $43.4M | $111.2M | 50x | as long as short |
| Paradex CL-USD-PERP | +0.056% | +0.0037% | 8h | $15K | $367 | 5x | as long as short |
| Lighter WTI | +0.056% | +0.0016% | 1h | $11.2M | $12.7M | 20x | as long as short |
| KuCoin CLUSDTM | +0.056% | +0.0100% | 4h | $7.8M | $984K | 50x | as long as short |
| Bitget CLUSDT | +0.060% | 0.0000% | 4h | $42.5M | $63.1M | 100x | as long as short |
| dYdX WTI-USD | +0.065% | 0.0000% | 1h | $8K | $3K | 5x | as long as short |
| Aster CLUSD1 | +0.065% | −0.0095% | 4h | $25.0M | $70.4M | 20x | as long as short |
| Bybit CLUSDTshort | +0.065% | 0.0000% | 8h | $25.2M | $95.1M | 150x | |
| QFEX CL-USD | +0.076% | −0.0022% | 1h | $2.4M | $2.9M | 10x | as long as short |
| Pacifica CL | +0.082% | +0.0100% | 1h | $317K | $524K | 10x | as long as short |
| Aftermath Perps WTIUSD | +0.085% | −0.0073% | 1h | $2K | $34K | 5x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.087% | +0.0065% | 1h | $258K | $1.3M | 25x | as long as short |
| tradeXYZ xyz:CL | +0.087% | +0.0050% | 1h | $187.3M | $280.0M | 20x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.087% | 0.0000% | 1h | $96K | $470K | 15x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.092% | +0.0050% | 1h | $1.6M | $1.2M | 20x | as long as short |
| Nado WTI-PERP | +0.092% | +0.0007% | 1h | $826K | $734K | 10x | as long as short |
| Extended WTI-USD | +0.098% | +0.0032% | 1h | $1.9M | $30.1M | 10x | as long as short |
| Vest CL-PERP | +0.119% | +0.0046% | 1h | — | $243K | 10x | as long as short |
| RISEx CL/USDC | +0.175% | 0.0000% | 1h | $3.1M | $2.6M | 20x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.195% | +0.0016% | 1h | $389K | $1.1M | 15x | as long as short |
| ApeX Omni CLUSDT | +0.206% | +0.0100% | 1h | $56K | $271K | 50x | as long as short |
| edgeX CLUSDC | +0.210% | +0.0038% | 4h | $531K | $351K | 30x | as long as short |
| Injective WTI/USDC PERP | +0.472% | +0.0033% | 1h | $18K | $14K | 30x | as long as short |