Spread before costs (cost unknown: a leg has no order-book sample)+0.147%
7d average—if it closes, per $10,000$15funding while held, a day−$6.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps CRCLUSD | 95.850 | 0.0298 | pay 0.0037% / 1h | 29m 07s | $1K | $10K | 5x |
| Short | Coinbase International CRCL-PERP-INTX | 95.990 | 0.0080 | get 0.0010% / 1h | 29m 07s | $941K | $744K | 10x |
Price 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
- $14.65
- Funding while held
- −$6.53
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$10.87
- Spread needed to break even
- 0.190%
Slippage unknown: Aftermath Perps: no order-book sample; Coinbase International: live order book, 36 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0218%
- Per $10,000 a day
- −$6.53
- 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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 36 min ago | 6.75 bp | 11.8 bp −$12 | 19.7 bp −$197 | doesn't fit | doesn't fit |
Aftermath Perps: 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.CRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance CRCLUSDT | −0.286% | +0.0243% | 8h | $107.5M | $308.8M | 50x | as long as short |
| tradeXYZ xyz:CRCL | −0.246% | +0.0156% | 1h | $76.1M | $35.4M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | −0.187% | +0.0222% | 8h | $22.7M | $50.8M | 50x | as long as short |
| Bitget CRCLUSDT | −0.177% | +0.0226% | 8h | $16.6M | $30.6M | 25x | as long as short |
| Gate CRCL_USDT | −0.166% | 0.0000% | 8h | $7.2M | $23.2M | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.156% | +0.0168% | 1h | $1K | $799K | 10x | as long as short |
| Bybit CRCLUSDT | −0.146% | +0.0150% | 8h | $16.0M | $21.3M | 50x | as long as short |
| Extended CRCL_24_5-USD | −0.143% | +0.0240% | 1h | $1.0M | $3.0M | 10x | as long as short |
| SoDEX CRCL-USD | −0.115% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| Lighter RH CRCL | −0.101% | +0.0032% | 1h | $878K | $2.4M | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Binance
tradeXYZ
OKX
Bitget
Gate
Deribit
Bybit
Extended
SoDEX
Lighter RH
BloFin
Lighter
Aster
KuCoin
Polymarket Perps
Phemex
Pacifica
RISEx
Phoenix
Paradex
ApeX Omni
Variational Omni
Injective