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Price arb /

CRCL

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.158%
7d average—if it closes, per $10,000$16funding while held, a day+$8.50
Long on ApeX OmniShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CRCLUSDT94.6700.0100pay 0.0013% / 1h34m 41s$70K$7K50x
ShortDeribit CRCL_USDC-PERPETUAL94.8200.0383get 0.0048% / 1h34m 41s$4K$802K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$15.84
Funding while held
$8.5
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$7.34
Spread needed to break even
0.170%
Slippage unknown: ApeX Omni: no order-book sample; Deribit: live order book, 6 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0283%
Per $10,000 a day
+$8.50
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni no order-book sample—————
Sell Deribit live order book, 6 min ago7.38 bp11.9 bp −$1217.1 bp −$171doesn't fitdoesn't fit
ApeX Omni: 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.
Ondo Perps94.650cheapestPhemex94.660+0.011%
ApeX Omni94.670+0.021%
Gate94.700+0.053%tradeXYZ94.708+0.061%Paradex94.714+0.067%Aster94.714+0.068%SoDEX94.716+0.070%Lighter RH94.724+0.078%Variational Omni94.727+0.081%Arcus94.730+0.085%KuCoin94.730+0.085%BloFin94.730+0.085%Binance94.739+0.094%QFEX94.740+0.095%Nado94.740+0.095%Pacifica94.745+0.100%edgeX94.750+0.106%Bybit94.750+0.106%Bitget94.750+0.106%Extended94.755+0.111%RISEx94.760+0.116%Aftermath Perps94.764+0.120%OKX94.770+0.127%Vest94.780+0.137%Lighter94.783+0.141%Coinbase International94.790+0.148%Phoenix94.817+0.176%Orderly94.820+0.180%
Deribit94.820+0.180%
Polymarket Perps94.851+0.212%Aevo94.879+0.242%Injective95.340+0.729%

CRCL on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps CRCL-USD.P−0.021%+0.0050%1h$1.1M$5.7M10xas long as short
Phemex CRCLUSDT−0.011%0.0000%4h$1.0M$45K10xas long as short
ApeX Omni CRCLUSDTlong0.000%+0.0100%1h$70K$7K50x
Gate CRCL_USDT+0.032%0.0000%8h$7.1M$25.3M50xas long as short
tradeXYZ xyz:CRCL+0.040%+0.0089%1h$71.3M$40.1M10xas long as short
Paradex CRCL-USD-PERP+0.046%+0.0088%8h$720$4285xas long as short
Aster CRCLUSDT+0.047%+0.0159%8h$1.1M$4.6M20xas long as short
SoDEX CRCL-USD+0.049%+0.0050%1h$48K$3K10xas long as short
Lighter RH CRCL+0.057%+0.0032%1h$793K$2.7M10xas long as short
Variational Omni CRCL+0.060%+0.0087%8h$2.2M$2.9M—as long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Arcus CRCL-USD+0.063%+0.0427%1h$106K$250K10xas long as short
KuCoin CRCLUSDTM+0.063%+0.0241%8h$2.9M$1.4M20xas long as short
BloFin CRCL-USDT+0.063%+0.0289%8h$1.1M$585K20xas long as short
Binance CRCLUSDT+0.073%+0.0168%8h$107.4M$352.5M50xas long as short
QFEX CRCL-USD+0.074%+0.0049%1h$1.4M$2.6M10xas long as short
Nado CRCL-PERP+0.074%+0.0309%1h$132K$79K3xas long as short
Pacifica CRCL+0.079%+0.0100%1h$76K$98K10xas long as short
edgeX CRCLUSDC+0.084%+0.0686%4h$24K$265K10xas long as short
Bybit CRCLUSDT+0.085%+0.0171%8h$15.5M$23.3M50xas long as short
Bitget CRCLUSDT+0.085%+0.0274%8h$16.8M$33.0M25xas long as short
Extended CRCL_24_5-USD+0.090%+0.0168%1h$1.0M$3.1M10xas long as short
RISEx CRCL/USDC+0.095%+0.0124%1h$405K$336K10xas long as short
Aftermath Perps CRCLUSD+0.099%+0.0312%1h$2K$13K5xas long as short
OKX CRCL-USDT-SWAP+0.106%+0.0208%8h$22.8M$55.8M50xas long as short
Vest CRCL-USD-PERP+0.116%+0.0040%1h—$45K25xas long as short
Lighter CRCL+0.119%+0.0272%1h$2.9M$2.0M10xas long as short
Coinbase International CRCL-PERP-INTX+0.127%+0.0080%1h$942K$798K10xas long as short
Phoenix CRCL+0.155%+0.0204%1h$28K$92K10xas long as short
Orderly PERP_CRCL_USDC_mythos+0.158%+0.0100%8h$945$3K10xas long as short
Deribit CRCL_USDC-PERPETUALshort+0.158%+0.0383%1h$4K$802K10x
Polymarket Perps CRCL-USD+0.191%+0.0050%1h$357K$1.1M10xas long as short
Aevo CRCL-PERP+0.221%+0.0104%1h$4—10xas long as short
Injective CRCL/USDC PERP+0.708%+0.0440%1h$5K$76K30xas long as short