Spread before costs (cost unknown: a leg has no order-book sample)−0.237%
7d average—if it closes, per $10,000$24funding while held, a day+$5.57
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CRCLUSDT | 94.230 | 0.0158 | pay 0.0158% / 8h | 5h 11m | $107.4M | $370.7M | 50x |
| Short | Aftermath Perps CRCLUSD | 94.006 | 0.0344 | get 0.0043% / 1h | 11m 10s | $2K | $16K | 5x |
Binance 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
- −$23.75
- Funding while held
- $5.57
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- −$37.18
- Spread needed to break even
- 0.190%
Slippage unknown: Binance: live order book, 4 min ago; Aftermath Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0186%
- Per $10,000 a day
- +$5.57
- 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 Binance live order book, 4 min ago | 0.53 bp | 6.4 bp −$6 | 10.1 bp −$101 | 29.1 bp −$2,912 | 108.9 bp −$54.5K |
| Sell Aftermath Perps no order-book sample | — | — | — | — | — |
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.ApeX Omni93.740cheapestVariational Omni93.808+0.073%Phoenix93.879+0.148%edgeX94.026+0.305%Vest94.080+0.363%Coinbase International94.090+0.373%tradeXYZ94.156+0.444%Nado94.176+0.466%Polymarket Perps94.177+0.466%Phemex94.180+0.469%Ondo Perps94.190+0.480%KuCoin94.190+0.480%Aster94.200+0.491%Gate94.210+0.501%Deribit94.210+0.501%Lighter RH94.219+0.511%SoDEX94.226+0.518%
ApeX Omni
Variational Omni
Phoenix
Vest
Coinbase International
tradeXYZ
Nado
Polymarket Perps
Phemex
Ondo Perps
KuCoin
Aster
Gate
Deribit
Lighter RH
SoDEXBinance94.230+0.523%
Bybit94.230+0.523%BloFin94.230+0.523%Extended94.238+0.531%Bitget94.240+0.533%Arcus94.250+0.544%Orderly94.250+0.544%Aevo94.251+0.545%OKX94.260+0.555%RISEx94.264+0.559%QFEX94.270+0.565%Lighter94.272+0.568%Pacifica94.276+0.572%Paradex94.289+0.585%Injective94.330+0.629%
Bybit
BloFin
Extended
Bitget
Arcus
Orderly
Aevo
OKX
RISEx
QFEX
Lighter
Pacifica
Paradex
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CRCLUSDT | −0.520% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Variational Omni CRCL | −0.448% | +0.0099% | 8h | $2.5M | $3.2M | — | as long as short |
| Phoenix CRCL | −0.372% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| Aftermath Perps CRCLUSDshort | −0.237% | +0.0344% | 1h | $2K | $16K | 5x | |
| edgeX CRCLUSDC | −0.217% | +0.0894% | 4h | $24K | $265K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.159% | +0.0030% | 1h | — | $45K | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.149% | +0.0120% | 1h | $943K | $744K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.079% | +0.0050% | 1h | $70.8M | $41.0M | 10x | as long as short |
| Nado CRCL-PERP | −0.057% | +0.0328% | 1h | $131K | $67K | 3x | as long as short |
| Polymarket Perps CRCL-USD | −0.056% | +0.0050% | 1h | $355K | $1.0M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex CRCLUSDT | −0.053% | 0.0000% | 4h | $1.0M | $46K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.042% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| KuCoin CRCLUSDTM | −0.042% | +0.0203% | 8h | $2.9M | $1.6M | 20x | as long as short |
| Aster CRCLUSDT | −0.032% | +0.0142% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Gate CRCL_USDT | −0.021% | 0.0000% | 8h | $7.1M | $26.5M | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.021% | +0.0281% | 1h | $4K | $802K | 10x | as long as short |
| Lighter RH CRCL | −0.012% | +0.0032% | 1h | $801K | $2.7M | 10x | as long as short |
| SoDEX CRCL-USD | −0.004% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Binance CRCLUSDTlong | 0.000% | +0.0158% | 8h | $107.4M | $370.7M | 50x | |
| Bybit CRCLUSDT | 0.000% | +0.0048% | 8h | $15.1M | $24.8M | 50x | as long as short |
| BloFin CRCL-USDT | 0.000% | +0.0278% | 8h | $1.1M | $568K | 20x | as long as short |
| Extended CRCL_24_5-USD | +0.009% | +0.0160% | 1h | $1.1M | $3.5M | 10x | as long as short |
| Bitget CRCLUSDT | +0.011% | +0.0371% | 8h | $16.7M | $33.9M | 25x | as long as short |
| Arcus CRCL-USD | +0.021% | +0.0651% | 1h | $101K | $256K | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.021% | +0.0100% | 8h | $940 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.023% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.032% | +0.0253% | 8h | $22.7M | $58.3M | 50x | as long as short |
| RISEx CRCL/USDC | +0.036% | +0.0163% | 1h | $418K | $323K | 10x | as long as short |
| QFEX CRCL-USD | +0.042% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Lighter CRCL | +0.045% | +0.0296% | 1h | $2.9M | $2.1M | 10x | as long as short |
| Pacifica CRCL | +0.049% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.062% | +0.0091% | 8h | $717 | $428 | 5x | as long as short |
| Injective CRCL/USDC PERP | +0.106% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |