Spread before costs (cost unknown: a leg has no order-book sample)+0.146%
7d average—if it closes, per $10,000$15funding while held, a day−$8.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps CRCLUSD | 93.833 | 0.0364 | pay 0.0046% / 1h | 49m 19s | $2K | $15K | 5x |
| Short | QFEX CRCL-USD | 93.970 | 0.0067 | get 0.0008% / 1h | 49m 19s | $1.4M | $2.6M | 10x |
QFEX 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
- $14.63
- Funding while held
- −$8.92
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$13.29
- Spread needed to break even
- 0.190%
Slippage unknown: Aftermath Perps: no order-book sample; QFEX: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0297%
- Per $10,000 a day
- −$8.92
- 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 QFEX live order book, 5 min ago | 1.07 bp | 6.1 bp −$6 | 6.1 bp −$61 | 11.3 bp −$1,135 | 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.Vest93.820cheapestedgeX93.825+0.005%Ondo Perps93.840+0.021%Phoenix93.870+0.053%Nado93.876+0.060%ApeX Omni93.910+0.096%tradeXYZ93.918+0.104%Polymarket Perps93.930+0.117%Gate93.950+0.139%KuCoin93.950+0.139%Deribit93.950+0.139%BloFin93.950+0.139%Lighter RH93.951+0.140%SoDEX93.955+0.144%Pacifica93.960+0.149%Orderly93.960+0.149%Extended93.969+0.159%RISEx93.970+0.160%Binance93.970+0.160%Bybit93.970+0.160%Arcus93.970+0.160%
Vest
Ondo Perps
Phoenix
Nado
ApeX Omni
tradeXYZ
Polymarket Perps
Gate
KuCoin
Deribit
BloFin
Lighter RH
SoDEX
Pacifica
Orderly
Extended
RISEx
Binance
Bybit
ArcusQFEX93.970+0.160%
Phemex93.970+0.160%Aevo93.975+0.165%Variational Omni93.977+0.168%OKX93.980+0.171%Paradex93.985+0.176%Aster93.990+0.181%Bitget93.990+0.181%Coinbase International93.990+0.181%Lighter94.005+0.197%Injective94.420+0.640%
Phemex
Aevo
Variational Omni
OKX
Paradex
Aster
Bitget
Coinbase International
Lighter
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | −0.014% | +0.0037% | 1h | — | $45K | 25x | as long as short |
| edgeX CRCLUSDC | −0.009% | +0.0967% | 4h | $24K | $265K | 10x | as long as short |
| Aftermath Perps CRCLUSDlong | 0.000% | +0.0364% | 1h | $2K | $15K | 5x | |
| Ondo Perps CRCL-USD.P | +0.008% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Phoenix CRCL | +0.040% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| Nado CRCL-PERP | +0.046% | +0.0287% | 1h | $131K | $68K | 3x | as long as short |
| ApeX Omni CRCLUSDT | +0.082% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| tradeXYZ xyz:CRCL | +0.091% | +0.0050% | 1h | $70.7M | $40.7M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.104% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| Gate CRCL_USDT | +0.125% | 0.0000% | 8h | $7.1M | $26.1M | 50x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin CRCLUSDTM | +0.125% | +0.0251% | 8h | $2.9M | $1.6M | 20x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.125% | +0.0496% | 1h | $4K | $802K | 10x | as long as short |
| BloFin CRCL-USDT | +0.125% | +0.0268% | 8h | $1.1M | $596K | 20x | as long as short |
| Lighter RH CRCL | +0.126% | +0.0032% | 1h | $794K | $2.7M | 10x | as long as short |
| SoDEX CRCL-USD | +0.130% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Pacifica CRCL | +0.136% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.136% | +0.0100% | 8h | $937 | $3K | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.145% | +0.0144% | 1h | $1.1M | $3.5M | 10x | as long as short |
| RISEx CRCL/USDC | +0.146% | +0.0163% | 1h | $402K | $315K | 10x | as long as short |
| Binance CRCLUSDT | +0.146% | +0.0148% | 8h | $106.9M | $366.6M | 50x | as long as short |
| Bybit CRCLUSDT | +0.146% | +0.0051% | 8h | $15.0M | $24.5M | 50x | as long as short |
| Arcus CRCL-USD | +0.146% | +0.0651% | 1h | $102K | $254K | 10x | as long as short |
| QFEX CRCL-USDshort | +0.146% | +0.0067% | 1h | $1.4M | $2.6M | 10x | |
| Phemex CRCLUSDT | +0.146% | 0.0000% | 4h | $1.0M | $46K | 10x | as long as short |
| Aevo CRCL-PERP | +0.152% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Variational Omni CRCL | +0.154% | +0.0096% | 8h | $2.5M | $3.2M | — | as long as short |
| OKX CRCL-USDT-SWAP | +0.157% | +0.0235% | 8h | $22.6M | $57.7M | 50x | as long as short |
| Paradex CRCL-USD-PERP | +0.162% | +0.0085% | 8h | $714 | $428 | 5x | as long as short |
| Aster CRCLUSDT | +0.168% | +0.0133% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Bitget CRCLUSDT | +0.168% | +0.0331% | 8h | $16.8M | $33.6M | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.168% | +0.0120% | 1h | $942K | $789K | 10x | as long as short |
| Lighter CRCL | +0.184% | +0.0224% | 1h | $2.9M | $2.1M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.626% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |