Spread before costs (cost unknown: a leg has no order-book sample)+1.197%
7d average—if it closes, per $10,000$120funding while held, a day+$1.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WTIOIL | 91.500 | 0 | get 0.0000% / 1h | 56m 09s | $33K | $271K | 20x |
| Short | Injective WTI/USDC PERP | 92.595 | 0.0033 | get 0.0004% / 1h | 56m 09s | $18K | $14K | 30x |
Phoenix WTIOIL
Injective WTI/USDC PERPPrice 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
- $119.67
- Funding while held
- $1
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $113.65
- Spread needed to break even
- 0.070%
Slippage unknown: Phoenix: live order book, 13 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0033%
- Per $10,000 a day
- +$1.00
- 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, 13 min ago | 3.28 bp | 10.6 bp −$11 | 20.8 bp −$208 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Variational Omni91.263cheapestedgeX91.268+0.005%gTrade (Gains Network)91.290+0.030%Aftermath Perps91.431+0.184%Ondo Perps91.500+0.260%Gate91.500+0.260%
Variational Omni
gTrade (Gains Network)
Ondo Perps
GatePhoenix91.500+0.260%
BloFin91.500+0.260%StandX91.530+0.293%ApeX Omni91.540+0.304%Bitget91.546+0.310%Paradex91.550+0.314%OKX91.550+0.315%SoDEX91.550+0.315%Binance91.552+0.317%Bullet91.554+0.319%Pacifica91.555+0.320%GMX91.555+0.320%Lighter91.556+0.321%Aevo91.559+0.325%dYdX91.569+0.336%QFEX91.570+0.337%Bybit91.571+0.338%KuCoin91.571+0.338%Nado91.574+0.341%tradeXYZ91.580+0.348%Deribit91.580+0.348%Aster91.591+0.360%Kraken Futures91.605+0.375%Polymarket Perps91.608+0.378%Extended91.610+0.381%RISEx91.625+0.397%Vest91.640+0.413%Coinbase International91.750+0.534%
BloFin
StandX
ApeX Omni
Bitget
Paradex
OKX
SoDEX
Binance
Bullet
Pacifica
GMX
Lighter
Aevo
dYdX
QFEX
Bybit
KuCoin
Nado
tradeXYZ
Deribit
Aster
Kraken Futures
Polymarket Perps
Extended
RISEx
Vest
Coinbase InternationalInjective92.595+1.460%
CL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni CL | −0.259% | 0.0000% | 4h | $12.4M | $17.4M | — | as long as short |
| edgeX CLUSDC | −0.254% | +0.0002% | 4h | $525K | $354K | 30x | as long as short |
| gTrade (Gains Network) WTI/USD | −0.230% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| Aftermath Perps WTIUSD | −0.076% | −0.0079% | 1h | $2K | $36K | 5x | as long as short |
| Ondo Perps WTI-USD.P | 0.000% | −0.0044% | 1h | $3.4M | $5.9M | 20x | as long as short |
| Gate CL_USDT | 0.000% | 0.0000% | 8h | $21.2M | $59.0M | 100x | as long as short |
| Phoenix WTIOILlong | 0.000% | 0.0000% | 1h | $33K | $271K | 20x | |
| BloFin CL-USDT | 0.000% | +0.0240% | 4h | $4.1M | $1.4M | 50x | as long as short |
| StandX CL-USD | +0.033% | +0.0040% | 1h | $719K | $2.2M | 40x | as long as short |
| ApeX Omni CLUSDT | +0.044% | +0.0100% | 1h | $55K | $271K | 50x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget CLUSDT | +0.050% | 0.0000% | 4h | $42.6M | $61.4M | 100x | as long as short |
| Paradex CL-USD-PERP | +0.054% | +0.0037% | 8h | $15K | — | 5x | as long as short |
| OKX CL-USDT-SWAP | +0.055% | 0.0000% | 4h | $43.5M | $106.5M | 50x | as long as short |
| SoDEX CL-USD | +0.055% | +0.0050% | 1h | $2.0M | $41K | 20x | as long as short |
| Binance CLUSDT | +0.057% | 0.0000% | 4h | $245.4M | $1.00B | 100x | as long as short |
| Bullet WTIOIL-USD | +0.059% | 0.0000% | 1h | $17K | $249K | 10x | as long as short |
| Pacifica CL | +0.060% | +0.0100% | 1h | $330K | $392K | 10x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | +0.060% | L +0.0221% / S −0.0145% | 1h | $84K | — | 111x | as long as short |
| Lighter WTI | +0.061% | +0.0008% | 1h | $11.0M | $12.0M | 20x | as long as short |
| Aevo WTIOIL-PERP | +0.065% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| dYdX WTI-USD | +0.076% | 0.0000% | 1h | $5K | $49 | 5x | as long as short |
| QFEX CL-USD | +0.077% | −0.0025% | 1h | $2.4M | $2.9M | 10x | as long as short |
| Bybit CLUSDT | +0.078% | 0.0000% | 8h | $25.2M | $93.2M | 150x | as long as short |
| KuCoin CLUSDTM | +0.078% | +0.0100% | 4h | $7.6M | $853K | 50x | as long as short |
| Nado WTI-PERP | +0.080% | 0.0000% | 1h | $817K | $728K | 10x | as long as short |
| tradeXYZ xyz:CL | +0.087% | +0.0025% | 1h | $183.2M | $264.1M | 20x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.087% | 0.0000% | 1h | $95K | $478K | 15x | as long as short |
| Aster CLUSD1 | +0.100% | −0.0022% | 4h | $24.8M | $62.8M | 20x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.115% | −0.0091% | 1h | $289K | $1.2M | 25x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.118% | +0.0050% | 1h | $1.6M | $1.4M | 20x | as long as short |
| Extended WTI-USD | +0.120% | +0.0032% | 1h | $2.0M | $30.4M | 10x | as long as short |
| RISEx CL/USDC | +0.137% | 0.0000% | 1h | $3.0M | $2.5M | 20x | as long as short |
| Vest CL-PERP | +0.153% | +0.0046% | 1h | — | $243K | 10x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.273% | +0.0032% | 1h | $373K | $917K | 15x | as long as short |
| Injective WTI/USDC PERPshort | +1.197% | +0.0033% | 1h | $18K | $14K | 30x |