After costs, if the gap returns to its 7d average, $10k−$20
spread now+0.039%7d average−0.039%fees + slippage, in and out−$27spread needed0.273%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CRCLUSDT | 94.570 | 0.0207 | pay 0.0207% / 8h | 31m 10s | $107.2M | $335.3M | 50x |
| Short | Polymarket Perps CRCL-USD | 94.607 | 0.0050 | get 0.0006% / 1h | 31m 10s | $356K | $1.1M | 10x |
Binance CRCLUSDT
Polymarket Perps CRCL-USDPrice 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
- $3.91
- Funding while held
- −$4.71
- Slippage, 4 orders
- −$9.29
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$28.09
- Spread needed to break even
- 0.273%
Slippage from Binance: live order book, 14 min ago; Polymarket Perps: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0157%
- Per $10,000 a day
- −$4.71
- 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, 14 min ago | 0.52 bp | 6.5 bp −$7 | 10.6 bp −$106 | 32.1 bp −$3,210 | 111.8 bp −$55.9K |
| Sell Polymarket Perps live order book, 4 min ago | 2.01 bp | 8.3 bp −$8 | 9.2 bp −$92 | 10.8 bp −$1,076 | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ94.490cheapestOKX94.520+0.032%Bitget94.530+0.042%Bybit94.560+0.074%KuCoin94.560+0.074%
tradeXYZ
OKX
Bitget
Bybit
KuCoinBinance94.570+0.085%
SoDEX94.576+0.091%Lighter RH94.579+0.094%Vest94.580+0.095%Nado94.585+0.100%Deribit94.590+0.106%BloFin94.590+0.106%Extended94.593+0.109%Orderly94.600+0.116%
SoDEX
Lighter RH
Vest
Nado
Deribit
BloFin
Extended
OrderlyPolymarket Perps94.607+0.124%
Gate94.610+0.127%Aevo94.613+0.130%Arcus94.620+0.138%Paradex94.628+0.146%QFEX94.630+0.148%Variational Omni94.636+0.155%Aster94.638+0.156%Pacifica94.639+0.158%Phemex94.640+0.159%Lighter94.650+0.169%Ondo Perps94.650+0.169%RISEx94.650+0.169%Phoenix94.655+0.175%ApeX Omni94.670+0.190%Coinbase International94.700+0.222%edgeX94.700+0.222%Aftermath Perps94.711+0.234%Injective95.530+1.101%
Gate
Aevo
Arcus
Paradex
QFEX
Variational Omni
Aster
Pacifica
Phemex
Lighter
Ondo Perps
RISEx
Phoenix
ApeX Omni
Coinbase International
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | −0.085% | +0.0050% | 1h | $71.6M | $39.6M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | −0.053% | +0.0205% | 8h | $22.6M | $53.2M | 50x | as long as short |
| Bitget CRCLUSDT | −0.042% | +0.0267% | 8h | $16.4M | $32.0M | 25x | as long as short |
| Bybit CRCLUSDT | −0.011% | +0.0148% | 8h | $16.0M | $22.0M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.011% | +0.0214% | 8h | $2.9M | $1.3M | 20x | as long as short |
| Binance CRCLUSDTlong | 0.000% | +0.0207% | 8h | $107.2M | $335.3M | 50x | |
| SoDEX CRCL-USD | +0.006% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Lighter RH CRCL | +0.010% | +0.0032% | 1h | $815K | $2.6M | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.011% | +0.0046% | 1h | — | $41K | 25x | as long as short |
| Nado CRCL-PERP | +0.016% | +0.0285% | 1h | $132K | $79K | 3x | as long as short |