Spread before costs (cost unknown: a leg has no order-book sample)+0.109%
7d average—if it closes, per $10,000$11funding while held, a day−$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni CRCLUSDT | 93.330 | 0.0100 | pay 0.0013% / 1h | 1m 50s | $69K | $5K | 50x |
| Short | tradeXYZ xyz:CRCL | 93.432 | 0.0096 | get 0.0012% / 1h | 1m 50s | $70.3M | $40.6M | 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
- $10.93
- Funding while held
- −$0.12
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$17.19
- Spread needed to break even
- 0.280%
Slippage unknown: ApeX Omni: no order-book sample; tradeXYZ: live order book, 9 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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 ApeX Omni no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 9 min ago | 0.11 bp | 10.5 bp −$11 | 11.4 bp −$114 | doesn't fit | doesn'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.CRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | −0.161% | +0.0044% | 1h | — | $45K | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.032% | +0.0096% | 1h | $935K | $783K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.021% | +0.0050% | 1h | $1.1M | $5.6M | 10x | as long as short |
| ApeX Omni CRCLUSDTlong | 0.000% | +0.0100% | 1h | $69K | $5K | 50x | |
| BloFin CRCL-USDT | 0.000% | +0.0265% | 8h | $1.1M | $592K | 20x | as long as short |
| Nado CRCL-PERP | +0.004% | +0.0329% | 1h | $130K | $67K | 3x | as long as short |
| Polymarket Perps CRCL-USD | +0.072% | +0.0050% | 1h | $352K | $1.0M | 10x | as long as short |
| Aster CRCLUSDT | +0.073% | +0.0123% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Pacifica CRCL | +0.075% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.075% | +0.0100% | 8h | $931 | $3K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX CRCL-USD | +0.075% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| QFEX CRCL-USD | +0.086% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.086% | +0.0286% | 1h | $4K | $802K | 10x | as long as short |
| Aevo CRCL-PERP | +0.098% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Phemex CRCLUSDT | +0.107% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| tradeXYZ xyz:CRCLshort | +0.109% | +0.0096% | 1h | $70.3M | $40.6M | 10x | |
| Paradex CRCL-USD-PERP | +0.110% | +0.0085% | 8h | $710 | $428 | 5x | as long as short |
| Variational Omni CRCL | +0.121% | +0.0092% | 8h | $2.5M | $3.2M | — | as long as short |
| Lighter RH CRCL | +0.122% | +0.0032% | 1h | $790K | $2.7M | 10x | as long as short |
| Arcus CRCL-USD | +0.129% | +0.0586% | 1h | $101K | $254K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.129% | +0.0270% | 8h | $2.9M | $1.6M | 20x | as long as short |
| Aftermath Perps CRCLUSD | +0.138% | +0.0370% | 1h | $2K | $15K | 5x | as long as short |
| RISEx CRCL/USDC | +0.150% | +0.0140% | 1h | $400K | $315K | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.165% | +0.0144% | 1h | $1.1M | $3.4M | 10x | as long as short |
| Lighter CRCL | +0.184% | +0.0296% | 1h | $2.9M | $2.1M | 10x | as long as short |
| Phoenix CRCL | +0.195% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| Gate CRCL_USDT | +0.214% | 0.0000% | 8h | $7.1M | $26.4M | 50x | as long as short |
| Binance CRCLUSDT | +0.245% | +0.0145% | 8h | $106.3M | $364.9M | 50x | as long as short |
| edgeX CRCLUSDC | +0.267% | +0.0112% | 4h | $23K | $265K | 10x | as long as short |
| Bybit CRCLUSDT | +0.268% | +0.0056% | 8h | $15.0M | $24.4M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | +0.279% | +0.0240% | 8h | $22.6M | $57.1M | 50x | as long as short |
| Bitget CRCLUSDT | +0.300% | +0.0324% | 8h | $16.7M | $33.5M | 25x | as long as short |
| Injective CRCL/USDC PERP | +0.879% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |
ApeX Omni CRCLUSDT
tradeXYZ xyz:CRCL
Coinbase International
BloFin
Polymarket Perps
Aster
Pacifica
SoDEX
Deribit
Phemex
Paradex
Variational Omni
Lighter RH
KuCoin
RISEx
Extended
Lighter
Phoenix
Gate
Binance
Bybit
OKX
Bitget
Injective