Spread before costs (cost unknown: a leg has no order-book sample)+0.211%
7d average—if it closes, per $10,000$21funding while held, a day+$4.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo CRCL-PERP | 95.884 | 0.0104 | pay 0.0013% / 1h | 33m 20s | $4 | — | 10x |
| Short | Aster CRCLUSDT | 96.087 | 0.0254 | get 0.0254% / 8h | 1h 33m | $1.3M | $4.1M | 20x |
Aevo CRCL-PERP
Aster CRCLUSDTPrice 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
- $21.11
- Funding while held
- $4.51
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $1.62
- Spread needed to break even
- 0.240%
Slippage unknown: Aevo: no order-book sample; Aster: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0150%
- Per $10,000 a day
- +$4.51
- 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 2 min ago | 1.57 bp | 5.6 bp −$6 | 16.2 bp −$162 | doesn't fit | doesn't fit |
Aevo: 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.
CRCL price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni95.680cheapestAftermath Perps95.716+0.038%BloFin95.740+0.063%edgeX95.751+0.074%Coinbase International95.790+0.115%Variational Omni95.792+0.117%SoDEX95.835+0.162%Pacifica95.859+0.187%Phemex95.860+0.188%Vest95.870+0.199%Orderly95.870+0.199%Deribit95.870+0.199%Bybit95.880+0.209%Binance95.882+0.211%
ApeX Omni
BloFin
Coinbase International
Variational Omni
SoDEX
Pacifica
Phemex
Vest
Orderly
Deribit
Bybit
BinanceAevo95.884+0.214%
Nado95.893+0.222%Phoenix95.905+0.235%tradeXYZ95.944+0.276%Arcus95.970+0.303%RISEx95.970+0.303%Polymarket Perps95.988+0.322%Lighter RH95.989+0.323%Ondo Perps96.000+0.334%KuCoin96.000+0.334%Paradex96.005+0.339%Lighter96.021+0.356%Extended96.022+0.358%Gate96.040+0.376%QFEX96.050+0.387%OKX96.060+0.397%Bitget96.070+0.408%
Nado
Phoenix
tradeXYZ
Arcus
RISEx
Polymarket Perps
Lighter RH
Ondo Perps
KuCoin
Paradex
Lighter
Extended
Gate
QFEX
OKX
BitgetAster96.087+0.425%
Injective96.200+0.543%
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CRCLUSDT | −0.213% | +0.0100% | 1h | $69K | $8K | 50x | as long as short |
| Aftermath Perps CRCLUSD | −0.176% | +0.0299% | 1h | $1K | $10K | 5x | as long as short |
| BloFin CRCL-USDT | −0.151% | +0.0365% | 8h | $1.1M | $490K | 20x | as long as short |
| edgeX CRCLUSDC | −0.139% | +0.0260% | 4h | $21K | $262K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.099% | +0.0080% | 1h | $939K | $742K | 10x | as long as short |
| Variational Omni CRCL | −0.097% | +0.0161% | 8h | $2.4M | $2.6M | — | as long as short |
| SoDEX CRCL-USD | −0.052% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| Pacifica CRCL | −0.026% | +0.0100% | 1h | $89K | $89K | 10x | as long as short |
| Phemex CRCLUSDT | −0.026% | 0.0000% | 4h | $1.1M | $47K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.015% | +0.0046% | 1h | — | $33K | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_CRCL_USDC_mythos | −0.015% | +0.0100% | 8h | $956 | $3K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.015% | +0.0167% | 1h | $1K | $799K | 10x | as long as short |
| Bybit CRCLUSDT | −0.005% | +0.0154% | 8h | $16.1M | $21.2M | 50x | as long as short |
| Binance CRCLUSDT | −0.002% | +0.0245% | 8h | $107.1M | $306.5M | 50x | as long as short |
| Aevo CRCL-PERPlong | 0.000% | +0.0104% | 1h | $4 | — | 10x | |
| Nado CRCL-PERP | +0.008% | +0.0179% | 1h | $131K | $77K | 3x | as long as short |
| Phoenix CRCL | +0.021% | +0.0259% | 1h | $5K | $68K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.062% | +0.0155% | 1h | $76.4M | $35.0M | 10x | as long as short |
| Arcus CRCL-USD | +0.089% | +0.0040% | 1h | $123K | $217K | 10x | as long as short |
| RISEx CRCL/USDC | +0.089% | +0.0336% | 1h | $414K | $324K | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.108% | +0.0050% | 1h | $381K | $1.1M | 10x | as long as short |
| Lighter RH CRCL | +0.109% | +0.0032% | 1h | $880K | $2.4M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.120% | +0.0050% | 1h | $1.1M | $5.6M | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.120% | +0.0107% | 8h | $3.0M | $1.1M | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.125% | +0.0109% | 8h | $730 | $428 | 5x | as long as short |
| Lighter CRCL | +0.142% | +0.0064% | 1h | $3.0M | $1.9M | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.144% | +0.0248% | 1h | $1.0M | $3.0M | 10x | as long as short |
| Gate CRCL_USDT | +0.162% | 0.0000% | 8h | $7.2M | $23.0M | 50x | as long as short |
| QFEX CRCL-USD | +0.173% | +0.0042% | 1h | $1.4M | $2.5M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.183% | +0.0224% | 8h | $22.8M | $50.7M | 50x | as long as short |
| Bitget CRCLUSDT | +0.193% | +0.0220% | 8h | $16.9M | $30.3M | 25x | as long as short |
| Aster CRCLUSDTshort | +0.211% | +0.0254% | 8h | $1.3M | $4.1M | 20x | |
| Injective CRCL/USDC PERP | +0.329% | +0.0440% | 1h | $5K | $87K | 30x | as long as short |