Spread before costs (cost unknown: a leg has no order-book sample)+0.343%
7d average—if it closes, per $10,000$34funding while held, a day+$1.81
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni CL | 92.278 | −0.0027 | get 0.0013% / 4h | 1h 15m | $13.5M | $17.2M | — |
| Short | Injective WTI/USDC PERP | 92.595 | 0.0033 | get 0.0004% / 1h | 15m 30s | $18K | $14K | 30x |
Variational Omni CL
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
- $34.33
- Funding while held
- $1.81
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $36.11
- Spread needed to break even
- 0.000%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0060%
- Per $10,000 a day
- +$1.81
- 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 Variational Omni RFQ quote, 5 min ago | 2.27 bp | doesn't fit | 3.1 bp −$31 | 8.2 bp −$823 | 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.gTrade (Gains Network)92.010cheapestStandX92.230+0.239%Ondo Perps92.250+0.261%Gate92.260+0.272%GMX92.265+0.277%Bullet92.267+0.279%
gTrade (Gains Network)
StandX
Ondo Perps
Gate
GMX
BulletVariational Omni92.278+0.292%
Aevo92.282+0.296%Kraken Futures92.284+0.298%SoDEX92.285+0.299%Paradex92.292+0.307%Polymarket Perps92.301+0.316%Bitget92.308+0.324%OKX92.310+0.326%Phoenix92.310+0.326%Deribit92.310+0.326%Pacifica92.312+0.328%Lighter92.315+0.331%dYdX92.316+0.332%Aftermath Perps92.316+0.333%ApeX Omni92.320+0.337%Binance92.325+0.343%Aster92.326+0.344%KuCoin92.327+0.345%tradeXYZ92.328+0.346%Bybit92.340+0.359%Coinbase International92.340+0.359%Nado92.346+0.365%QFEX92.350+0.370%BloFin92.350+0.370%Extended92.370+0.391%Vest92.380+0.402%edgeX92.395+0.419%RISEx92.433+0.460%
Aevo
Kraken Futures
SoDEX
Paradex
Polymarket Perps
Bitget
OKX
Phoenix
Deribit
Pacifica
Lighter
dYdX
ApeX Omni
Binance
Aster
KuCoin
tradeXYZ
Bybit
Coinbase International
Nado
QFEX
BloFin
Extended
Vest
RISExInjective92.595+0.636%
CL 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 | −0.291% | L −0.0038% / S +0.0036% | 1h | $179K | — | 150x | as long as short |
| StandX CL-USD | −0.052% | +0.0040% | 1h | $727K | $2.5M | 40x | as long as short |
| Ondo Perps WTI-USD.P | −0.031% | −0.0012% | 1h | $3.5M | $6.2M | 20x | as long as short |
| Gate CL_USDT | −0.020% | 0.0000% | 8h | $21.1M | $61.6M | 100x | as long as short |
| GMX WTIOIL/USD [ETH-USDC] | −0.014% | L +0.0130% / S +0.0030% | 1h | $79K | — | 111x | as long as short |
| Bullet WTIOIL-USD | −0.013% | 0.0000% | 1h | $18K | $249K | 10x | as long as short |
| Variational Omni CLlong | 0.000% | −0.0027% | 4h | $13.5M | $17.2M | — | |
| Aevo WTIOIL-PERP | +0.005% | +0.0104% | 1h | $4K | $49 | 10x | as long as short |
| Kraken Futures PF_WTIOILUSD | +0.007% | +0.0065% | 1h | $258K | $1.3M | 25x | as long as short |
| SoDEX CL-USD | +0.007% | +0.0050% | 1h | $2.0M | $45K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex CL-USD-PERP | +0.015% | +0.0037% | 8h | $15K | $367 | 5x | as long as short |
| Polymarket Perps WTIOIL-USD | +0.025% | +0.0050% | 1h | $1.6M | $1.2M | 20x | as long as short |
| Bitget CLUSDT | +0.032% | 0.0000% | 4h | $42.6M | $63.2M | 100x | as long as short |
| OKX CL-USDT-SWAP | +0.034% | 0.0000% | 4h | $43.5M | $111.2M | 50x | as long as short |
| Phoenix WTIOIL | +0.034% | +0.0009% | 1h | $33K | $271K | 20x | as long as short |
| Deribit WTIOIL_USDC-PERPETUAL | +0.034% | 0.0000% | 1h | $96K | $466K | 15x | as long as short |
| Pacifica CL | +0.037% | +0.0100% | 1h | $312K | $537K | 10x | as long as short |
| Lighter WTI | +0.040% | +0.0016% | 1h | $11.2M | $12.8M | 20x | as long as short |
| dYdX WTI-USD | +0.041% | 0.0000% | 1h | $8K | $3K | 5x | as long as short |
| Aftermath Perps WTIUSD | +0.041% | −0.0074% | 1h | $2K | $34K | 5x | as long as short |
| ApeX Omni CLUSDT | +0.045% | +0.0100% | 1h | $56K | $271K | 50x | as long as short |
| Binance CLUSDT | +0.051% | −0.0048% | 4h | $244.7M | $1.03B | 100x | as long as short |
| Aster CLUSD1 | +0.052% | −0.0082% | 4h | $25.0M | $70.5M | 20x | as long as short |
| KuCoin CLUSDTM | +0.053% | +0.0100% | 4h | $7.6M | $1.1M | 50x | as long as short |
| tradeXYZ xyz:CL | +0.054% | +0.0050% | 1h | $186.9M | $280.9M | 20x | as long as short |
| Bybit CLUSDT | +0.067% | 0.0000% | 8h | $25.2M | $95.0M | 150x | as long as short |
| Coinbase International WTIOIL-PERP-INTX | +0.067% | +0.0016% | 1h | $389K | $1.1M | 15x | as long as short |
| Nado WTI-PERP | +0.073% | +0.0007% | 1h | $828K | $734K | 10x | as long as short |
| QFEX CL-USD | +0.078% | −0.0022% | 1h | $2.4M | $2.8M | 10x | as long as short |
| BloFin CL-USDT | +0.078% | +0.0240% | 4h | $4.1M | $1.5M | 50x | as long as short |
| Extended WTI-USD | +0.099% | +0.0032% | 1h | $1.9M | $30.0M | 10x | as long as short |
| Vest CL-PERP | +0.110% | +0.0046% | 1h | — | $243K | 10x | as long as short |
| edgeX CLUSDC | +0.127% | +0.0067% | 4h | $531K | $353K | 30x | as long as short |
| RISEx CL/USDC | +0.168% | 0.0000% | 1h | $3.1M | $2.6M | 20x | as long as short |
| Injective WTI/USDC PERPshort | +0.343% | +0.0033% | 1h | $18K | $14K | 30x |