Spread before costs (cost unknown: a leg has no order-book sample)+0.550%
7d average—if it closes, per $10,000$55funding while held, a day+$6.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps CRCLUSD | 97.613 | 0.0043 | pay 0.0005% / 1h | 30m 30s | $2K | $8K | 5x |
| Short | Lighter CRCL | 98.150 | 0.0248 | get 0.0031% / 1h | 30m 30s | $3.2M | $1.4M | 10x |
Lighter 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
- $55
- Funding while held
- $6.16
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $52.17
- Spread needed to break even
- 0.090%
Slippage unknown: Aftermath Perps: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0205%
- Per $10,000 a day
- +$6.16
- 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 Lighter live order book, 4 min ago | 2.20 bp | 2.9 bp −$3 | 5.7 bp −$57 | 34.1 bp −$3,410 | 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.Phoenix97.485cheapestApeX Omni97.570+0.087%Variational Omni97.616+0.134%edgeX97.713+0.234%SoDEX97.762+0.284%Coinbase International97.790+0.313%Phemex97.790+0.313%BloFin97.860+0.385%Orderly97.870+0.395%Aevo97.920+0.446%Deribit97.930+0.456%Aster98.028+0.557%Ondo Perps98.040+0.569%Arcus98.060+0.590%KuCoin98.070+0.600%Pacifica98.080+0.610%Injective98.080+0.610%Extended98.090+0.620%Vest98.090+0.621%QFEX98.100+0.631%Nado98.105+0.636%Polymarket Perps98.106+0.637%Paradex98.106+0.637%tradeXYZ98.119+0.650%Bybit98.130+0.662%Gate98.130+0.662%Lighter RH98.140+0.672%Binance98.140+0.672%
Phoenix
ApeX Omni
Variational Omni
SoDEX
Coinbase International
Phemex
BloFin
Orderly
Aevo
Deribit
Aster
Ondo Perps
Arcus
KuCoin
Pacifica
Injective
Extended
Vest
QFEX
Nado
Polymarket Perps
Paradex
tradeXYZ
Bybit
Gate
Lighter RH
BinanceLighter98.150+0.682%
OKX98.150+0.682%RISEx98.175+0.708%Bitget98.180+0.713%
OKX
RISEx
BitgetCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix CRCL | −0.131% | +0.0230% | 1h | $5K | $33K | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.044% | +0.0100% | 1h | $71K | $8K | 50x | as long as short |
| Aftermath Perps CRCLUSDlong | 0.000% | +0.0043% | 1h | $2K | $8K | 5x | |
| Variational Omni CRCL | +0.003% | +0.0226% | 8h | $2.9M | $1.7M | — | as long as short |
| edgeX CRCLUSDC | +0.102% | +0.0603% | 4h | $22K | $247K | 10x | as long as short |
| SoDEX CRCL-USD | +0.153% | +0.0050% | 1h | $49K | $3K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.181% | +0.0040% | 1h | $966K | $725K | 10x | as long as short |
| Phemex CRCLUSDT | +0.181% | 0.0000% | 4h | $1.1M | $46K | 10x | as long as short |
| BloFin CRCL-USDT | +0.253% | +0.0441% | 8h | $1.2M | $456K | 20x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.263% | +0.0100% | 8h | $2K | $2K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo CRCL-PERP | +0.314% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.325% | +0.0465% | 1h | $1K | $433K | 10x | as long as short |
| Aster CRCLUSDT | +0.425% | +0.0361% | 8h | $1.5M | $1.4M | 20x | as long as short |
| Ondo Perps CRCL-USD.P | +0.437% | +0.0050% | 1h | $1.1M | $4.4M | 10x | as long as short |
| Arcus CRCL-USD | +0.458% | +0.0369% | 1h | $128K | $160K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.468% | +0.0100% | 8h | $2.9M | $843K | 20x | as long as short |
| Pacifica CRCL | +0.478% | +0.0100% | 1h | $103K | $53K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.478% | +0.0440% | 1h | $5K | $87K | 30x | as long as short |
| Extended CRCL_24_5-USD | +0.488% | +0.0320% | 1h | $1.2M | $3.0M | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.489% | +0.0068% | 1h | — | $21K | 25x | as long as short |
| QFEX CRCL-USD | +0.499% | +0.0057% | 1h | $1.3M | $2.5M | 10x | as long as short |
| Nado CRCL-PERP | +0.504% | +0.0255% | 1h | $133K | $70K | 3x | as long as short |
| Polymarket Perps CRCL-USD | +0.505% | +0.0050% | 1h | $378K | $1.0M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.505% | +0.0122% | 8h | $746 | $428 | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.518% | +0.0130% | 1h | $74.3M | $22.6M | 10x | as long as short |
| Bybit CRCLUSDT | +0.530% | +0.0136% | 8h | $15.6M | $13.2M | 50x | as long as short |
| Gate CRCL_USDT | +0.530% | 0.0000% | 8h | $8.2M | $17.2M | 50x | as long as short |
| Lighter RH CRCL | +0.540% | +0.0032% | 1h | $868K | $1.5M | 10x | as long as short |
| Binance CRCLUSDT | +0.540% | +0.0323% | 8h | $111.1M | $201.1M | 50x | as long as short |
| Lighter CRCLshort | +0.550% | +0.0248% | 1h | $3.2M | $1.4M | 10x | |
| OKX CRCL-USDT-SWAP | +0.550% | +0.0258% | 8h | $23.6M | $35.7M | 50x | as long as short |
| RISEx CRCL/USDC | +0.576% | +0.0589% | 1h | $423K | $265K | 10x | as long as short |
| Bitget CRCLUSDT | +0.581% | +0.0197% | 8h | $17.4M | $22.8M | 25x | as long as short |