Spread before costs (cost unknown: a leg has no order-book sample)+0.221%
7d average—if it closes, per $10,000$22funding while held, a day+$1.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix WTIOIL | 92.120 | 0 | get 0.0000% / 1h | 34m 01s | $36K | $268K | 20x |
| Short | Paradex CL-USD-PERP | 92.323 | 0.0043 | get 0.0043% / 8h | 34m 01s | $15K | — | 5x |
Phoenix WTIOIL
Paradex CL-USD-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
- $22.08
- Funding while held
- $1.3
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $12.38
- Spread needed to break even
- 0.110%
Slippage unknown: Phoenix: live order book, 45 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0043%
- Per $10,000 a day
- +$1.30
- 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, 45 min ago | 3.27 bp | 10.0 bp −$10 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
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)91.961cheapest
gTrade (Gains Network)Phoenix92.120+0.173%
Gate92.210+0.271%Aevo92.238+0.301%Coinbase International92.240+0.303%GMX92.245+0.309%SoDEX92.245+0.309%Bitget92.246+0.310%Lighter92.247+0.311%OKX92.250+0.314%Binance92.260+0.325%Bybit92.263+0.328%KuCoin92.264+0.329%Aster92.268+0.334%Deribit92.270+0.336%Bullet92.271+0.337%Kraken Futures92.280+0.347%Ondo Perps92.280+0.347%Vest92.280+0.347%tradeXYZ92.281+0.348%Extended92.290+0.358%QFEX92.290+0.358%Aftermath Perps92.290+0.358%RISEx92.310+0.380%Polymarket Perps92.312+0.382%
Gate
Aevo
Coinbase International
GMX
SoDEX
Bitget
Lighter
OKX
Binance
Bybit
KuCoin
Aster
Deribit
Bullet
Kraken Futures
Ondo Perps
Vest
tradeXYZ
Extended
QFEX
RISEx
Polymarket PerpsParadex92.323+0.394%
Pacifica92.326+0.397%StandX92.330+0.401%Nado92.332+0.403%edgeX92.345+0.417%BloFin92.350+0.423%ApeX Omni92.360+0.434%Variational Omni92.366+0.441%dYdX92.410+0.488%Injective92.595+0.689%
Pacifica
StandX
Nado
BloFin
ApeX Omni
Variational Omni
dYdX
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 | −0.173% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| Phoenix WTIOILlong | 0.000% | 0.0000% | 1h | $36K | $268K | 20x | |
| Gate CL_USDT | +0.098% | −0.0089% | 8h | $21.3M | $56.9M | 100x | as long as short |
| Aevo WTIOIL-PERP | +0.128% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.130% | +0.0024% | 1h | $376K | $928K | 15x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | +0.136% | L +0.0134% / S +0.0018% | 1h | $78K | — | 111x | as long as short |
| SoDEX CL-USD | +0.136% | +0.0050% | 1h | $2.0M | $22K | 20x | as long as short |
| Bitget CLUSDT | +0.137% | 0.0000% | 4h | $43.1M | $56.9M | 100x | as long as short |
| Lighter WTI | +0.138% | +0.0032% | 1h | $11.0M | $11.7M | 20x | as long as short |
| OKX CL-USDT-SWAP | +0.141% | 0.0000% | 4h | $44.1M | $99.4M | 50x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance CLUSDT | +0.152% | 0.0000% | 4h | $248.6M | $916.8M | 100x | as long as short |
| Bybit CLUSDT | +0.155% | 0.0000% | 8h | $24.9M | $84.2M | 150x | as long as short |
| KuCoin CLUSDTM | +0.156% | +0.0100% | 4h | $7.4M | $801K | 50x | as long as short |
| Aster CLUSD1 | +0.160% | 0.0000% | 4h | $24.8M | $61.3M | 20x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.163% | −0.0075% | 1h | $97K | $454K | 15x | as long as short |
| Bullet WTIOIL-USD | +0.164% | 0.0000% | 1h | $18K | $246K | 10x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.174% | −0.0001% | 1h | $292K | $1.2M | 25x | as long as short |
| Ondo Perps WTI-USD.P | +0.174% | +0.0017% | 1h | $3.4M | $5.1M | 20x | as long as short |
| Vest CL-PERP | +0.174% | +0.0046% | 1h | — | $86K | 10x | as long as short |
| tradeXYZ xyz:CL | +0.175% | +0.0046% | 1h | $185.2M | $248.7M | 20x | as long as short |
| Extended WTI-USD | +0.185% | +0.0032% | 1h | $1.9M | $30.2M | 10x | as long as short |
| QFEX CL-USD | +0.185% | −0.0011% | 1h | $2.3M | $2.8M | 10x | as long as short |
| Aftermath Perps WTIUSD | +0.185% | −0.0063% | 1h | $2K | $36K | 5x | as long as short |
| RISEx CL/USDC | +0.206% | 0.0000% | 1h | $3.1M | $2.0M | 20x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.208% | +0.0050% | 1h | $1.7M | $1.5M | 20x | as long as short |
| Paradex CL-USD-PERPshort | +0.221% | +0.0043% | 8h | $15K | — | 5x | |
| Pacifica CL | +0.224% | +0.0100% | 1h | $349K | $318K | 10x | as long as short |
| StandX CL-USD | +0.228% | +0.0040% | 1h | $728K | $1.9M | 40x | as long as short |
| Nado WTI-PERP | +0.230% | −0.0079% | 1h | $795K | $734K | 10x | as long as short |
| edgeX CLUSDC | +0.244% | −0.0069% | 4h | $529K | $320K | 30x | as long as short |
| BloFin CL-USDT | +0.250% | +0.0240% | 4h | $4.3M | $1.4M | 50x | as long as short |
| ApeX Omni CLUSDT | +0.261% | +0.0100% | 1h | $56K | $271K | 50x | as long as short |
| Variational Omni CL | +0.267% | 0.0000% | 4h | $12.7M | $17.4M | — | as long as short |
| dYdX WTI-USD | +0.315% | 0.0000% | 1h | $6K | $126 | 5x | as long as short |
| Injective WTI/USDC PERP | +0.516% | +0.0220% | 1h | $18K | $32K | 30x | as long as short |