After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.055%7d average−0.034%fees + slippage, in and out−$31spread needed0.311%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WTIOIL | 91.350 | 0.0035 | pay 0.0004% / 1h | 39m 28s | $33K | $267K | 20x |
| Short | OKX CL-USDT-SWAP | 91.300 | 0 | get 0.0000% / 4h | 3h 39m | $43.4M | $103.9M | 50x |
Phoenix WTIOIL
OKX CL-USDT-SWAPPrice 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
- −$5.47
- Funding while held
- −$1.04
- Slippage, 4 orders
- −$14.08
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$37.59
- Spread needed to break even
- 0.311%
Slippage from Phoenix: live order book, 35 min ago; OKX: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0035%
- Per $10,000 a day
- −$1.04
- 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, 35 min ago | 3.26 bp | 10.0 bp −$10 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.55 bp | 5.5 bp −$6 | 6.4 bp −$64 | 13.8 bp −$1,380 | 55.2 bp −$27.6K |
CL price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)91.037cheapestGate91.280+0.267%Ondo Perps91.290+0.278%
gTrade (Gains Network)
Gate
Ondo PerpsOKX91.300+0.289%
Vest91.300+0.289%Aevo91.302+0.291%Paradex91.304+0.293%Bullet91.305+0.295%Bybit91.312+0.302%SoDEX91.312+0.302%QFEX91.320+0.311%Kraken Futures91.321+0.312%GMX91.325+0.316%Aster91.330+0.322%Binance91.330+0.322%Deribit91.330+0.322%Bitget91.331+0.323%Polymarket Perps91.331+0.323%Nado91.333+0.326%Lighter91.334+0.326%Pacifica91.338+0.331%KuCoin91.344+0.337%tradeXYZ91.348+0.342%Extended91.350+0.344%
Vest
Aevo
Paradex
Bullet
Bybit
SoDEX
QFEX
Kraken Futures
GMX
Aster
Binance
Deribit
Bitget
Polymarket Perps
Nado
Lighter
Pacifica
KuCoin
tradeXYZ
ExtendedPhoenix91.350+0.344%
dYdX91.355+0.349%StandX91.360+0.355%BloFin91.370+0.366%Variational Omni91.374+0.370%RISEx91.392+0.389%edgeX91.429+0.431%Aftermath Perps91.550+0.564%ApeX Omni91.570+0.585%Coinbase International91.750+0.783%Injective92.595+1.711%
dYdX
StandX
BloFin
Variational Omni
RISEx
ApeX Omni
Coinbase International
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 | −0.343% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| Gate CL_USDT | −0.077% | 0.0000% | 8h | $21.1M | $58.0M | 100x | as long as short |
| Ondo Perps WTI-USD.P | −0.066% | +0.0050% | 1h | $3.4M | $5.8M | 20x | as long as short |
| OKX CL-USDT-SWAPshort | −0.055% | 0.0000% | 4h | $43.4M | $103.9M | 50x | |
| Vest CL-PERP | −0.055% | +0.0046% | 1h | — | $86K | 10x | as long as short |
| Aevo WTIOIL-PERP | −0.053% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Paradex CL-USD-PERP | −0.051% | +0.0039% | 8h | $15K | — | 5x | as long as short |
| Bullet WTIOIL-USD | −0.049% | 0.0000% | 1h | $19K | $247K | 10x | as long as short |
| Bybit CLUSDT | −0.042% | 0.0000% | 8h | $24.9M | $91.3M | 150x | as long as short |
| SoDEX CL-USD | −0.042% | +0.0050% | 1h | $2.0M | $38K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX CL-USD | −0.033% | −0.0016% | 1h | $2.3M | $2.8M | 10x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.032% | −0.0038% | 1h | $296K | $1.2M | 25x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | −0.027% | L +0.0221% / S −0.0150% | 1h | $82K | — | 111x | as long as short |
| Aster CLUSD1 | −0.022% | 0.0000% | 4h | $24.7M | $62.9M | 20x | as long as short |
| Binance CLUSDT | −0.022% | 0.0000% | 4h | $246.2M | $984.1M | 100x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | −0.022% | 0.0000% | 1h | $95K | $458K | 15x | as long as short |
| Bitget CLUSDT | −0.021% | 0.0000% | 4h | $42.8M | $59.8M | 100x | as long as short |
| Polymarket Perps WTIOIL-USD | −0.021% | +0.0050% | 1h | $1.6M | $1.5M | 20x | as long as short |
| Nado WTI-PERP | −0.018% | −0.0011% | 1h | $804K | $767K | 10x | as long as short |
| Lighter WTI | −0.018% | −0.0040% | 1h | $10.9M | $11.9M | 20x | as long as short |
| Pacifica CL | −0.013% | +0.0100% | 1h | $345K | $345K | 10x | as long as short |
| KuCoin CLUSDTM | −0.007% | +0.0100% | 4h | $7.5M | $856K | 50x | as long as short |
| tradeXYZ xyz:CL | −0.002% | −0.0017% | 1h | $182.5M | $258.4M | 20x | as long as short |
| Extended WTI-USD | 0.000% | +0.0032% | 1h | $2.1M | $30.5M | 10x | as long as short |
| Phoenix WTIOILlong | 0.000% | +0.0035% | 1h | $33K | $267K | 20x | |
| dYdX WTI-USD | +0.005% | 0.0000% | 1h | $5K | $126 | 5x | as long as short |
| StandX CL-USD | +0.011% | −0.0019% | 1h | $719K | $2.1M | 40x | as long as short |
| BloFin CL-USDT | +0.022% | +0.0240% | 4h | $4.2M | $1.4M | 50x | as long as short |
| Variational Omni CL | +0.026% | 0.0000% | 4h | $12.5M | $17.2M | — | as long as short |
| RISEx CL/USDC | +0.046% | 0.0000% | 1h | $3.0M | $2.4M | 20x | as long as short |
| edgeX CLUSDC | +0.087% | −0.0075% | 4h | $517K | $336K | 30x | as long as short |
| Aftermath Perps WTIUSD | +0.219% | −0.0053% | 1h | $1K | $36K | 5x | as long as short |
| ApeX Omni CLUSDT | +0.241% | +0.0100% | 1h | $55K | $271K | 50x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.438% | +0.0016% | 1h | $373K | $941K | 15x | as long as short |
| Injective WTI/USDC PERP | +1.363% | +0.0033% | 1h | $18K | $14K | 30x | as long as short |