After costs, if the gap returns to its 7d average, $10k−$106
spread now+0.010%7d average+0.061%fees + slippage, in and out−$101spread needed1.011%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus CRCL-USD | 95.510 | 0.0040 | pay 0.0005% / 1h | 22m 45s | $123K | $223K | 10x |
| Short | Phemex CRCLUSDT | 95.520 | 0 | get 0.0000% / 4h | 1h 22m | $1.1M | $47K | 10x |
Arcus CRCL-USD
Phemex CRCLUSDTPrice 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
- $1.05
- Funding while held
- −$1.21
- Slippage, 4 orders
- −$84.62
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$101.28
- Spread needed to break even
- 1.011%
Slippage from Arcus: live order book, 32 min ago; Phemex: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0040%
- Per $10,000 a day
- −$1.21
- 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 Arcus live order book, 32 min ago | 1.58 bp | 12.6 bp −$13 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.62 bp | 37.1 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International95.330cheapestVest95.470+0.147%Nado95.472+0.149%Ondo Perps95.490+0.168%
Coinbase International
Vest
Nado
Ondo PerpsArcus95.510+0.189%
Phemex95.520+0.199%
Polymarket Perps95.525+0.205%Paradex95.528+0.208%QFEX95.540+0.220%RISEx95.552+0.232%Binance95.560+0.241%ApeX Omni95.560+0.241%Deribit95.570+0.252%BloFin95.570+0.252%Pacifica95.572+0.254%Orderly95.580+0.262%Aevo95.593+0.276%Aftermath Perps95.594+0.277%Aster95.600+0.283%OKX95.600+0.283%tradeXYZ95.608+0.292%Extended95.619+0.303%SoDEX95.630+0.315%edgeX95.630+0.315%Variational Omni95.632+0.316%Lighter RH95.632+0.317%Gate95.640+0.325%Lighter95.648+0.334%Bybit95.650+0.336%KuCoin95.680+0.367%Bitget95.680+0.367%Phoenix95.717+0.406%Injective96.140+0.850%
Polymarket Perps
Paradex
QFEX
RISEx
Binance
ApeX Omni
Deribit
BloFin
Pacifica
Orderly
Aevo
Aster
OKX
tradeXYZ
Extended
SoDEX
Variational Omni
Lighter RH
Gate
Lighter
Bybit
KuCoin
Bitget
Phoenix
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.188% | +0.0080% | 1h | $935K | $739K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.042% | +0.0046% | 1h | — | $35K | 25x | as long as short |
| Nado CRCL-PERP | −0.040% | +0.0215% | 1h | $131K | $77K | 3x | as long as short |
| Ondo Perps CRCL-USD.P | −0.021% | +0.0050% | 1h | $1.1M | $5.6M | 10x | as long as short |
| Arcus CRCL-USDlong | 0.000% | +0.0040% | 1h | $123K | $223K | 10x | |
| Phemex CRCLUSDTshort | +0.010% | 0.0000% | 4h | $1.1M | $47K | 10x | |
| Polymarket Perps CRCL-USD | +0.016% | +0.0050% | 1h | $379K | $1.1M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.019% | +0.0106% | 8h | $726 | $428 | 5x | as long as short |
| QFEX CRCL-USD | +0.031% | +0.0042% | 1h | $1.4M | $2.5M | 10x | as long as short |
| RISEx CRCL/USDC | +0.043% | +0.0336% | 1h | $412K | $323K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance CRCLUSDT | +0.052% | +0.0242% | 8h | $107.6M | $311.2M | 50x | as long as short |
| ApeX Omni CRCLUSDT | +0.052% | +0.0100% | 1h | $69K | $8K | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.063% | +0.0378% | 1h | $1K | $799K | 10x | as long as short |
| BloFin CRCL-USDT | +0.063% | +0.0360% | 8h | $1.1M | $490K | 20x | as long as short |
| Pacifica CRCL | +0.065% | +0.0100% | 1h | $89K | $89K | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.073% | +0.0100% | 8h | $953 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.087% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.088% | +0.0310% | 1h | $1K | $11K | 5x | as long as short |
| Aster CRCLUSDT | +0.094% | +0.0242% | 8h | $1.3M | $4.1M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | +0.094% | +0.0218% | 8h | $22.7M | $51.0M | 50x | as long as short |
| tradeXYZ xyz:CRCL | +0.103% | +0.0177% | 1h | $75.9M | $35.6M | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.114% | +0.0240% | 1h | $1.0M | $3.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.126% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| edgeX CRCLUSDC | +0.126% | +0.0927% | 4h | $21K | $261K | 10x | as long as short |
| Variational Omni CRCL | +0.127% | +0.0156% | 8h | $2.4M | $2.7M | — | as long as short |
| Lighter RH CRCL | +0.128% | +0.0032% | 1h | $881K | $2.4M | 10x | as long as short |
| Gate CRCL_USDT | +0.136% | 0.0000% | 8h | $7.2M | $23.4M | 50x | as long as short |
| Lighter CRCL | +0.144% | +0.0128% | 1h | $3.0M | $1.9M | 10x | as long as short |
| Bybit CRCLUSDT | +0.147% | +0.0153% | 8h | $16.0M | $21.4M | 50x | as long as short |
| KuCoin CRCLUSDTM | +0.178% | +0.0141% | 8h | $3.0M | $1.1M | 20x | as long as short |
| Bitget CRCLUSDT | +0.178% | +0.0233% | 8h | $16.6M | $30.7M | 25x | as long as short |
| Phoenix CRCL | +0.217% | +0.0259% | 1h | $28K | $68K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.660% | +0.0440% | 1h | $5K | $105K | 30x | as long as short |