Spread before costs (cost unknown: a leg has no order-book sample)+0.363%
7d average—if it closes, per $10,000$36funding while held, a day+$1.54
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo CRCL-PERP | 94.722 | 0.0104 | pay 0.0013% / 1h | 37m 42s | $4 | — | 10x |
| Short | Variational Omni CRCL | 95.066 | 0.0155 | get 0.0155% / 8h | 37m 42s | $2.4M | $2.7M | — |
Aevo CRCL-PERP
Variational Omni CRCLPrice 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
- $36.35
- Funding while held
- $1.54
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $21.89
- Spread needed to break even
- 0.160%
Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0051%
- Per $10,000 a day
- +$1.54
- 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 Variational Omni RFQ quote, 3 min ago | 3.42 bp | doesn't fit | 7.7 bp −$77 | 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.Binance94.620cheapestOKX94.620+0.000%Extended94.640+0.021%Aster94.649+0.031%Bybit94.650+0.032%Nado94.652+0.034%tradeXYZ94.668+0.051%Coinbase International94.670+0.053%Ondo Perps94.680+0.064%KuCoin94.680+0.064%Pacifica94.688+0.073%Lighter RH94.689+0.073%Polymarket Perps94.690+0.074%Orderly94.690+0.074%Gate94.700+0.085%Deribit94.700+0.085%Paradex94.707+0.092%SoDEX94.715+0.101%Bitget94.720+0.106%Vest94.720+0.106%
Binance
OKX
Extended
Aster
Bybit
Nado
tradeXYZ
Coinbase International
Ondo Perps
KuCoin
Pacifica
Lighter RH
Polymarket Perps
Orderly
Gate
Deribit
Paradex
SoDEX
Bitget
VestAevo94.722+0.108%
Phoenix94.724+0.110%QFEX94.730+0.116%Phemex94.730+0.116%Lighter94.738+0.125%RISEx94.740+0.127%Arcus94.750+0.138%BloFin94.840+0.233%ApeX Omni94.900+0.296%Aftermath Perps94.913+0.310%
Phoenix
QFEX
Phemex
Lighter
RISEx
Arcus
BloFin
ApeX OmniVariational Omni95.066+0.471%
edgeX95.086+0.493%Injective95.530+0.962%
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance CRCLUSDT | −0.107% | +0.0219% | 8h | $107.2M | $332.8M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | −0.107% | +0.0209% | 8h | $22.6M | $52.9M | 50x | as long as short |
| Extended CRCL_24_5-USD | −0.086% | +0.0224% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Aster CRCLUSDT | −0.077% | +0.0212% | 8h | $1.1M | $4.4M | 20x | as long as short |
| Bybit CRCLUSDT | −0.076% | +0.0154% | 8h | $16.0M | $22.0M | 50x | as long as short |
| Nado CRCL-PERP | −0.073% | +0.0305% | 1h | $132K | $79K | 3x | as long as short |
| tradeXYZ xyz:CRCL | −0.057% | +0.0050% | 1h | $71.9M | $39.4M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.055% | +0.0088% | 1h | $931K | $748K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.044% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| KuCoin CRCLUSDTM | −0.044% | +0.0225% | 8h | $2.9M | $1.3M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica CRCL | −0.035% | +0.0100% | 1h | $89K | $90K | 10x | as long as short |
| Lighter RH CRCL | −0.034% | +0.0032% | 1h | $837K | $2.5M | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.033% | +0.0050% | 1h | $357K | $1.1M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.033% | +0.0100% | 8h | $944 | $3K | 10x | as long as short |
| Gate CRCL_USDT | −0.023% | 0.0000% | 8h | $7.1M | $24.5M | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.023% | 0.0000% | 1h | $4K | $801K | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.016% | +0.0090% | 8h | $720 | $428 | 5x | as long as short |
| SoDEX CRCL-USD | −0.007% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| Bitget CRCLUSDT | −0.002% | +0.0269% | 8h | $16.4M | $31.9M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.002% | +0.0046% | 1h | — | $41K | 25x | as long as short |
| Aevo CRCL-PERPlong | 0.000% | +0.0104% | 1h | $4 | — | 10x | |
| Phoenix CRCL | +0.002% | +0.0294% | 1h | $28K | $92K | 10x | as long as short |
| QFEX CRCL-USD | +0.009% | +0.0046% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Phemex CRCLUSDT | +0.009% | 0.0000% | 4h | $1.0M | $46K | 10x | as long as short |
| Lighter CRCL | +0.017% | +0.0184% | 1h | $2.9M | $2.0M | 10x | as long as short |
| RISEx CRCL/USDC | +0.019% | +0.0101% | 1h | $405K | $334K | 10x | as long as short |
| Arcus CRCL-USD | +0.030% | +0.0063% | 1h | $110K | $254K | 10x | as long as short |
| BloFin CRCL-USDT | +0.125% | +0.0345% | 8h | $1.1M | $511K | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.188% | +0.0100% | 1h | $70K | $8K | 50x | as long as short |
| Aftermath Perps CRCLUSD | +0.202% | +0.0315% | 1h | $2K | $12K | 5x | as long as short |
| Variational Omni CRCLshort | +0.363% | +0.0155% | 8h | $2.4M | $2.7M | — | |
| edgeX CRCLUSDC | +0.385% | +0.0161% | 4h | $21K | $261K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.853% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |