Spread before costs (cost unknown: a leg has no order-book sample)−0.158%
7d average−0.106%if it closes, per $10,000$16funding while held, a day−$3.55
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CRCLUSDT | 94.800 | 0.0169 | pay 0.0169% / 8h | 7h 36m | $107.5M | $352.3M | 50x |
| Short | Ondo Perps CRCL-USD.P | 94.650 | 0.0050 | get 0.0006% / 1h | 36m 03s | $1.1M | $5.7M | 10x |
Binance CRCLUSDT
Ondo Perps CRCL-USD.PPrice 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
- −$15.82
- Funding while held
- −$3.55
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$34.38
- Spread needed to break even
- 0.150%
Slippage unknown: Binance: live order book, 9 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0118%
- Per $10,000 a day
- −$3.55
- 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, 9 min ago | 0.53 bp | 6.3 bp −$6 | 10.3 bp −$103 | 30.4 bp −$3,040 | 107.7 bp −$53.9K |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo 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.Vest94.630cheapestNado94.644+0.015%
Vest
NadoOndo Perps94.650+0.021%
Arcus94.680+0.053%ApeX Omni94.680+0.053%Phemex94.680+0.053%Polymarket Perps94.686+0.059%QFEX94.700+0.074%Paradex94.702+0.076%Aftermath Perps94.714+0.088%RISEx94.720+0.095%Pacifica94.727+0.103%Coinbase International94.730+0.106%Variational Omni94.734+0.109%edgeX94.750+0.127%BloFin94.750+0.127%Aster94.757+0.134%tradeXYZ94.762+0.139%Gate94.780+0.159%Bybit94.790+0.169%Bitget94.790+0.169%
Arcus
ApeX Omni
Phemex
Polymarket Perps
QFEX
Paradex
RISEx
Pacifica
Coinbase International
Variational Omni
BloFin
Aster
tradeXYZ
Gate
Bybit
BitgetBinance94.800+0.180%
Orderly94.800+0.180%SoDEX94.805+0.185%Extended94.813+0.193%Phoenix94.817+0.198%Lighter RH94.820+0.201%OKX94.820+0.201%Deribit94.830+0.211%Aevo94.838+0.220%KuCoin94.840+0.222%Lighter94.845+0.227%Injective95.100+0.497%
Orderly
SoDEX
Extended
Phoenix
Lighter RH
OKX
Deribit
Aevo
KuCoin
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 | −0.179% | +0.0040% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERP | −0.164% | +0.0307% | 1h | $132K | $78K | 3x | as long as short |
| Ondo Perps CRCL-USD.Pshort | −0.158% | +0.0050% | 1h | $1.1M | $5.7M | 10x | |
| Arcus CRCL-USD | −0.127% | +0.0427% | 1h | $106K | $250K | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.127% | +0.0100% | 1h | $70K | $7K | 50x | as long as short |
| Phemex CRCLUSDT | −0.127% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.120% | +0.0050% | 1h | $357K | $1.1M | 10x | as long as short |
| QFEX CRCL-USD | −0.105% | +0.0049% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.103% | +0.0088% | 8h | $720 | $428 | 5x | as long as short |
| Aftermath Perps CRCLUSD | −0.091% | +0.0312% | 1h | $2K | $13K | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| RISEx CRCL/USDC | −0.084% | +0.0124% | 1h | $405K | $336K | 10x | as long as short |
| Pacifica CRCL | −0.077% | +0.0100% | 1h | $76K | $98K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.074% | +0.0080% | 1h | $942K | $797K | 10x | as long as short |
| Variational Omni CRCL | −0.070% | +0.0094% | 8h | $2.2M | $2.9M | — | as long as short |
| edgeX CRCLUSDC | −0.053% | +0.0686% | 4h | $24K | $265K | 10x | as long as short |
| BloFin CRCL-USDT | −0.053% | +0.0290% | 8h | $1.1M | $585K | 20x | as long as short |
| Aster CRCLUSDT | −0.045% | +0.0160% | 8h | $1.1M | $4.6M | 20x | as long as short |
| tradeXYZ xyz:CRCL | −0.040% | +0.0088% | 1h | $71.4M | $40.1M | 10x | as long as short |
| Gate CRCL_USDT | −0.021% | 0.0000% | 8h | $7.1M | $25.3M | 50x | as long as short |
| Bybit CRCLUSDT | −0.011% | +0.0123% | 8h | $15.5M | $23.3M | 50x | as long as short |
| Bitget CRCLUSDT | −0.011% | +0.0272% | 8h | $16.7M | $33.0M | 25x | as long as short |
| Binance CRCLUSDTlong | 0.000% | +0.0169% | 8h | $107.5M | $352.3M | 50x | |
| Orderly PERP_CRCL_USDC_mythos | 0.000% | +0.0100% | 8h | $945 | $3K | 10x | as long as short |
| SoDEX CRCL-USD | +0.005% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.013% | +0.0168% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Phoenix CRCL | +0.018% | +0.0204% | 1h | $28K | $92K | 10x | as long as short |
| Lighter RH CRCL | +0.021% | +0.0032% | 1h | $795K | $2.7M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.021% | +0.0207% | 8h | $22.8M | $55.8M | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.032% | +0.0594% | 1h | $4K | $802K | 10x | as long as short |
| Aevo CRCL-PERP | +0.040% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.042% | +0.0240% | 8h | $2.9M | $1.4M | 20x | as long as short |
| Lighter CRCL | +0.047% | +0.0280% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.316% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |