After costs, if the gap returns to its 7d average, $10k−$3
spread now+0.186%7d average−0.145%fees + slippage, in and out−$36spread needed0.358%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WTIOIL | 91.580 | 0.0035 | pay 0.0004% / 1h | 44m 30s | $33K | $267K | 20x |
| Short | Coinbase International WTIOIL-PERP-INTX | 91.750 | 0.0016 | get 0.0002% / 1h | 44m 30s | $373K | $941K | 15x |
Phoenix WTIOIL
Coinbase International WTIOIL-PERP-INTXPrice 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
- $18.56
- Funding while held
- −$0.56
- Slippage, 4 orders
- −$18.77
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$17.77
- Spread needed to break even
- 0.358%
Slippage from Phoenix: live order book, 30 min ago; Coinbase International: live order book, 65 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0019%
- Per $10,000 a day
- −$0.56
- 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, 30 min ago | 3.26 bp | 10.0 bp −$10 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 65 min ago | 1.08 bp | 9.1 bp −$9 | 10.1 bp −$101 | doesn't fit | doesn't fit |
CL price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)91.355cheapestOKX91.480+0.137%Bybit91.493+0.151%Binance91.502+0.161%Vest91.510+0.170%Gate91.520+0.181%Ondo Perps91.530+0.192%Paradex91.533+0.195%Lighter91.547+0.210%Bitget91.547+0.210%edgeX91.551+0.214%Pacifica91.554+0.218%QFEX91.560+0.224%Aster91.567+0.232%dYdX91.570+0.235%tradeXYZ91.570+0.235%
gTrade (Gains Network)
OKX
Bybit
Binance
Vest
Gate
Ondo Perps
Paradex
Lighter
Bitget
Pacifica
QFEX
Aster
dYdX
tradeXYZPhoenix91.580+0.246%
Nado91.590+0.258%KuCoin91.591+0.258%Extended91.600+0.268%Variational Omni91.609+0.278%GMX91.615+0.285%Bullet91.618+0.288%Aevo91.622+0.292%SoDEX91.625+0.296%RISEx91.631+0.302%ApeX Omni91.640+0.312%Deribit91.650+0.323%BloFin91.650+0.323%Kraken Futures91.657+0.330%StandX91.660+0.334%Polymarket Perps91.682+0.358%Aftermath Perps91.701+0.379%
Nado
KuCoin
Extended
Variational Omni
GMX
Bullet
Aevo
SoDEX
RISEx
ApeX Omni
Deribit
BloFin
Kraken Futures
StandX
Polymarket PerpsCoinbase International91.750+0.432%
Injective92.595+1.357%
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 | −0.246% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| OKX CL-USDT-SWAP | −0.109% | 0.0000% | 4h | $43.6M | $103.2M | 50x | as long as short |
| Bybit CLUSDT | −0.095% | 0.0000% | 8h | $24.9M | $90.2M | 150x | as long as short |
| Binance CLUSDT | −0.085% | 0.0000% | 4h | $246.2M | $974.8M | 100x | as long as short |
| Vest CL-PERP | −0.076% | +0.0046% | 1h | — | $86K | 10x | as long as short |
| Gate CL_USDT | −0.066% | 0.0000% | 8h | $21.2M | $57.7M | 100x | as long as short |
| Ondo Perps WTI-USD.P | −0.055% | +0.0050% | 1h | $3.5M | $5.8M | 20x | as long as short |
| Paradex CL-USD-PERP | −0.051% | +0.0040% | 8h | $15K | — | 5x | as long as short |
| Lighter WTI | −0.036% | −0.0040% | 1h | $11.0M | $11.9M | 20x | as long as short |
| Bitget CLUSDT | −0.036% | 0.0000% | 4h | $42.8M | $59.2M | 100x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX CLUSDC | −0.032% | −0.0088% | 4h | $524K | $331K | 30x | as long as short |
| Pacifica CL | −0.028% | +0.0100% | 1h | $346K | $344K | 10x | as long as short |
| QFEX CL-USD | −0.022% | −0.0016% | 1h | $2.3M | $2.8M | 10x | as long as short |
| Aster CLUSD1 | −0.014% | 0.0000% | 4h | $24.8M | $62.7M | 20x | as long as short |
| dYdX WTI-USD | −0.011% | 0.0000% | 1h | $5K | $126 | 5x | as long as short |
| tradeXYZ xyz:CL | −0.011% | −0.0015% | 1h | $183.2M | $257.9M | 20x | as long as short |
| Phoenix WTIOILlong | 0.000% | +0.0035% | 1h | $33K | $267K | 20x | |
| Nado WTI-PERP | +0.011% | −0.0008% | 1h | $802K | $764K | 10x | as long as short |
| KuCoin CLUSDTM | +0.012% | +0.0100% | 4h | $7.5M | $855K | 50x | as long as short |
| Extended WTI-USD | +0.022% | +0.0032% | 1h | $2.1M | $30.5M | 10x | as long as short |
| Variational Omni CL | +0.032% | 0.0000% | 4h | $12.5M | $17.2M | — | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | +0.038% | L +0.0221% / S −0.0150% | 1h | $83K | — | 111x | as long as short |
| Bullet WTIOIL-USD | +0.042% | 0.0000% | 1h | $19K | $246K | 10x | as long as short |
| Aevo WTIOIL-PERP | +0.046% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| SoDEX CL-USD | +0.049% | +0.0050% | 1h | $2.0M | $31K | 20x | as long as short |
| RISEx CL/USDC | +0.056% | 0.0000% | 1h | $3.0M | $2.4M | 20x | as long as short |
| ApeX Omni CLUSDT | +0.066% | +0.0100% | 1h | $55K | $271K | 50x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.076% | 0.0000% | 1h | $96K | $457K | 15x | as long as short |
| BloFin CL-USDT | +0.076% | +0.0240% | 4h | $4.2M | $1.4M | 50x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.084% | −0.0038% | 1h | $297K | $1.2M | 25x | as long as short |
| StandX CL-USD | +0.087% | −0.0058% | 1h | $722K | $2.1M | 40x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.111% | +0.0050% | 1h | $1.6M | $1.5M | 20x | as long as short |
| Aftermath Perps WTIUSD | +0.132% | −0.0054% | 1h | $2K | $36K | 5x | as long as short |
| Coinbase International WTIOIL-PERP-INTXshort | +0.186% | +0.0016% | 1h | $373K | $941K | 15x | |
| Injective WTI/USDC PERP | +1.108% | +0.0033% | 1h | $18K | $14K | 30x | as long as short |