After costs, if the gap returns to its 7d average, $10k−$29
spread now+0.062%7d average+0.001%fees + slippage, in and out−$35spread needed0.351%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps WTIOIL-USD | 91.523 | 0.0050 | pay 0.0006% / 1h | 44m 09s | $1.6M | $1.5M | 20x |
| Short | Phoenix WTIOIL | 91.580 | 0.0035 | get 0.0004% / 1h | 44m 09s | $33K | $267K | 20x |
Polymarket Perps WTIOIL-USD
Phoenix WTIOILPrice 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
- $6.23
- Funding while held
- −$0.46
- Slippage, 4 orders
- −$20.06
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$29.29
- Spread needed to break even
- 0.351%
Slippage from Polymarket Perps: live order book, 6 min ago; Phoenix: live order book, 30 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0015%
- Per $10,000 a day
- −$0.46
- 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 Polymarket Perps live order book, 6 min ago | 2.78 bp | 8.3 bp −$8 | 8.9 bp −$89 | 12.2 bp −$1,217 | doesn't fit |
| Sell Phoenix live order book, 30 min ago | 3.26 bp | 10.0 bp −$10 | 19.2 bp −$192 | doesn't fit | doesn't fit |
CL price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)91.195cheapestLighter91.470+0.302%Bitget91.472+0.304%Bullet91.473+0.305%GMX91.475+0.307%SoDEX91.475+0.307%Aevo91.475+0.308%Deribit91.500+0.334%Kraken Futures91.501+0.335%Gate91.510+0.345%Vest91.510+0.345%Extended91.520+0.356%
gTrade (Gains Network)
Lighter
Bitget
Bullet
GMX
SoDEX
Aevo
Deribit
Kraken Futures
Gate
Vest
ExtendedPolymarket Perps91.523+0.360%
Ondo Perps91.530+0.367%Paradex91.533+0.371%Binance91.540+0.378%Bybit91.550+0.389%OKX91.550+0.389%edgeX91.551+0.390%Pacifica91.554+0.394%KuCoin91.559+0.399%QFEX91.560+0.400%dYdX91.570+0.411%Aster91.570+0.411%
Ondo Perps
Paradex
Binance
Bybit
OKX
Pacifica
KuCoin
QFEX
dYdX
AsterPhoenix91.580+0.422%
tradeXYZ91.581+0.423%Nado91.590+0.434%Variational Omni91.609+0.454%RISEx91.631+0.478%ApeX Omni91.640+0.488%BloFin91.650+0.499%StandX91.660+0.510%Aftermath Perps91.696+0.549%Coinbase International91.750+0.609%Injective92.595+1.535%
tradeXYZ
Nado
Variational Omni
RISEx
ApeX Omni
BloFin
StandX
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 | −0.358% | L 0.0000% / S +0.0036% | 1h | $4K | — | 150x | as long as short |
| Lighter WTI | −0.058% | −0.0040% | 1h | $11.0M | $11.9M | 20x | as long as short |
| Bitget CLUSDT | −0.056% | 0.0000% | 4h | $42.8M | $59.2M | 100x | as long as short |
| Bullet WTIOIL-USD | −0.055% | 0.0000% | 1h | $19K | $246K | 10x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | −0.052% | L +0.0221% / S −0.0150% | 1h | $83K | — | 111x | as long as short |
| SoDEX CL-USD | −0.052% | +0.0050% | 1h | $2.0M | $31K | 20x | as long as short |
| Aevo WTIOIL-PERP | −0.052% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | −0.025% | 0.0000% | 1h | $96K | $457K | 15x | as long as short |
| Kraken Futures PF_WTIOILUSD | −0.024% | −0.0038% | 1h | $297K | $1.2M | 25x | as long as short |
| Gate CL_USDT | −0.014% | 0.0000% | 8h | $21.2M | $57.7M | 100x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest CL-PERP | −0.014% | +0.0046% | 1h | — | $86K | 10x | as long as short |
| Extended WTI-USD | −0.003% | +0.0032% | 1h | $2.1M | $30.5M | 10x | as long as short |
| Polymarket Perps WTIOIL-USDlong | 0.000% | +0.0050% | 1h | $1.6M | $1.5M | 20x | |
| Ondo Perps WTI-USD.P | +0.008% | +0.0050% | 1h | $3.5M | $5.8M | 20x | as long as short |
| Paradex CL-USD-PERP | +0.011% | +0.0040% | 8h | $15K | — | 5x | as long as short |
| Binance CLUSDT | +0.019% | 0.0000% | 4h | $246.3M | $975.5M | 100x | as long as short |
| Bybit CLUSDT | +0.030% | 0.0000% | 8h | $24.9M | $90.3M | 150x | as long as short |
| OKX CL-USDT-SWAP | +0.030% | 0.0000% | 4h | $43.5M | $103.3M | 50x | as long as short |
| edgeX CLUSDC | +0.030% | −0.0088% | 4h | $524K | $331K | 30x | as long as short |
| Pacifica CL | +0.034% | +0.0100% | 1h | $346K | $344K | 10x | as long as short |
| KuCoin CLUSDTM | +0.039% | +0.0100% | 4h | $7.5M | $855K | 50x | as long as short |
| QFEX CL-USD | +0.040% | −0.0016% | 1h | $2.3M | $2.8M | 10x | as long as short |
| dYdX WTI-USD | +0.051% | 0.0000% | 1h | $5K | $126 | 5x | as long as short |
| Aster CLUSD1 | +0.051% | 0.0000% | 4h | $24.8M | $62.7M | 20x | as long as short |
| Phoenix WTIOILshort | +0.062% | +0.0035% | 1h | $33K | $267K | 20x | |
| tradeXYZ xyz:CL | +0.063% | −0.0016% | 1h | $183.2M | $257.9M | 20x | as long as short |
| Nado WTI-PERP | +0.074% | −0.0008% | 1h | $802K | $764K | 10x | as long as short |
| Variational Omni CL | +0.094% | 0.0000% | 4h | $12.5M | $17.2M | — | as long as short |
| RISEx CL/USDC | +0.118% | 0.0000% | 1h | $3.0M | $2.4M | 20x | as long as short |
| ApeX Omni CLUSDT | +0.128% | +0.0100% | 1h | $55K | $271K | 50x | as long as short |
| BloFin CL-USDT | +0.139% | +0.0240% | 4h | $4.2M | $1.4M | 50x | as long as short |
| StandX CL-USD | +0.150% | −0.0058% | 1h | $722K | $2.1M | 40x | as long as short |
| Aftermath Perps WTIUSD | +0.189% | −0.0053% | 1h | $2K | $36K | 5x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.248% | +0.0016% | 1h | $373K | $941K | 15x | as long as short |
| Injective WTI/USDC PERP | +1.171% | +0.0033% | 1h | $18K | $14K | 30x | as long as short |