Spread before costs (cost unknown: a leg has no order-book sample)−0.096%
7d average—if it closes, per $10,000$10funding while held, a day−$1.62
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo CRCL-PERP | 94.776 | 0.0104 | pay 0.0013% / 1h | 39m 24s | $4 | — | 10x |
| Short | Polymarket Perps CRCL-USD | 94.685 | 0.0050 | get 0.0006% / 1h | 39m 24s | $357K | $1.1M | 10x |
Aevo CRCL-PERP
Polymarket Perps CRCL-USDPrice 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
- −$9.6
- Funding while held
- −$1.62
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$35.22
- Spread needed to break even
- 0.240%
Slippage unknown: Aevo: no order-book sample; Polymarket Perps: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0054%
- Per $10,000 a day
- −$1.62
- 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 Polymarket Perps live order book, 5 min ago | 0.37 bp | 5.8 bp −$6 | 6.2 bp −$62 | 9.0 bp −$897 | 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.Nado94.635cheapestPhemex94.640+0.005%Vest94.670+0.037%Aftermath Perps94.676+0.043%
Nado
Phemex
VestPolymarket Perps94.685+0.053%
QFEX94.690+0.058%Paradex94.700+0.068%ApeX Omni94.700+0.068%Arcus94.710+0.079%tradeXYZ94.715+0.084%Aster94.730+0.100%Coinbase International94.730+0.100%Pacifica94.733+0.103%Variational Omni94.734+0.104%RISEx94.740+0.111%Gate94.740+0.111%Ondo Perps94.750+0.121%Deribit94.750+0.121%Extended94.754+0.125%SoDEX94.754+0.125%Binance94.760+0.132%Lighter RH94.770+0.142%KuCoin94.770+0.142%Bitget94.770+0.142%Orderly94.770+0.142%
QFEX
Paradex
ApeX Omni
Arcus
tradeXYZ
Aster
Coinbase International
Pacifica
Variational Omni
RISEx
Gate
Ondo Perps
Deribit
Extended
SoDEX
Binance
Lighter RH
KuCoin
Bitget
OrderlyAevo94.776+0.149%
Bybit94.790+0.164%edgeX94.810+0.185%OKX94.810+0.185%Lighter94.814+0.189%Phoenix94.817+0.192%BloFin94.840+0.216%Injective95.180+0.576%
Bybit
OKX
Lighter
Phoenix
BloFin
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado CRCL-PERP | −0.149% | +0.0296% | 1h | $132K | $78K | 3x | as long as short |
| Phemex CRCLUSDT | −0.143% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.112% | +0.0038% | 1h | — | $45K | 25x | as long as short |
| Aftermath Perps CRCLUSD | −0.106% | +0.0298% | 1h | $2K | $13K | 5x | as long as short |
| Polymarket Perps CRCL-USDshort | −0.096% | +0.0050% | 1h | $357K | $1.1M | 10x | |
| QFEX CRCL-USD | −0.091% | +0.0049% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.080% | +0.0087% | 8h | $720 | $428 | 5x | as long as short |
| ApeX Omni CRCLUSDT | −0.080% | +0.0100% | 1h | $70K | $7K | 50x | as long as short |
| Arcus CRCL-USD | −0.070% | +0.0427% | 1h | $106K | $250K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.064% | +0.0071% | 1h | $71.3M | $39.9M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster CRCLUSDT | −0.049% | +0.0165% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.049% | +0.0080% | 1h | $942K | $798K | 10x | as long as short |
| Pacifica CRCL | −0.045% | +0.0100% | 1h | $76K | $98K | 10x | as long as short |
| Variational Omni CRCL | −0.045% | +0.0094% | 8h | $2.2M | $2.9M | — | as long as short |
| RISEx CRCL/USDC | −0.038% | +0.0124% | 1h | $405K | $336K | 10x | as long as short |
| Gate CRCL_USDT | −0.038% | 0.0000% | 8h | $7.1M | $25.3M | 50x | as long as short |
| Ondo Perps CRCL-USD.P | −0.027% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.027% | +0.0595% | 1h | $4K | $802K | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.024% | +0.0176% | 1h | $1.0M | $3.1M | 10x | as long as short |
| SoDEX CRCL-USD | −0.023% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| Binance CRCLUSDT | −0.017% | +0.0172% | 8h | $107.2M | $351.9M | 50x | as long as short |
| Lighter RH CRCL | −0.006% | +0.0032% | 1h | $795K | $2.7M | 10x | as long as short |
| KuCoin CRCLUSDTM | −0.006% | +0.0240% | 8h | $2.9M | $1.4M | 20x | as long as short |
| Bitget CRCLUSDT | −0.006% | +0.0270% | 8h | $16.7M | $33.0M | 25x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.006% | +0.0100% | 8h | $945 | $3K | 10x | as long as short |
| Aevo CRCL-PERPlong | 0.000% | +0.0104% | 1h | $4 | — | 10x | |
| Bybit CRCLUSDT | +0.015% | +0.0116% | 8h | $15.5M | $23.3M | 50x | as long as short |
| edgeX CRCLUSDC | +0.036% | +0.0416% | 4h | $24K | $264K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.036% | +0.0206% | 8h | $22.8M | $55.8M | 50x | as long as short |
| Lighter CRCL | +0.040% | +0.0264% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Phoenix CRCL | +0.043% | +0.0204% | 1h | $28K | $92K | 10x | as long as short |
| BloFin CRCL-USDT | +0.068% | +0.0293% | 8h | $1.1M | $586K | 20x | as long as short |
| Injective CRCL/USDC PERP | +0.426% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |