After costs, if the gap returns to its 7d average, $10k−$49
spread now−0.083%7d average−0.045%fees + slippage, in and out−$45spread needed0.452%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CRCLUSDT | 96.050 | 0.0222 | pay 0.0222% / 8h | 1h 30m | $16.7M | $30.5M | 25x |
| Short | Deribit CRCL_USDC-PERPETUAL | 95.970 | 0.0167 | get 0.0021% / 1h | 30m 56s | $1K | $799K | 10x |
Bitget CRCLUSDT
Deribit CRCL_USDC-PERPETUALPrice 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
- −$8.33
- Funding while held
- −$1.65
- Slippage, 4 orders
- −$26.22
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$55.2
- Spread needed to break even
- 0.452%
Slippage from Bitget: live order book, 4 min ago; Deribit: live order book, 19 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0055%
- Per $10,000 a day
- −$1.65
- 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 Bitget live order book, 4 min ago | 2.09 bp | 13.1 bp −$13 | 17.4 bp −$174 | 37.8 bp −$3,776 | doesn't fit |
| Sell Deribit live order book, 19 min ago | 7.37 bp | 10.9 bp −$11 | 15.4 bp −$154 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni95.792cheapestAftermath Perps95.798+0.007%Ondo Perps95.860+0.071%ApeX Omni95.860+0.071%Pacifica95.895+0.108%Phoenix95.905+0.118%Nado95.909+0.122%Vest95.910+0.124%Arcus95.940+0.155%QFEX95.940+0.155%Extended95.945+0.160%Paradex95.951+0.166%Polymarket Perps95.953+0.169%edgeX95.960+0.176%
Variational Omni
Ondo Perps
ApeX Omni
Pacifica
Phoenix
Nado
Vest
Arcus
QFEX
Extended
Paradex
Polymarket PerpsDeribit95.970+0.186%
Bybit95.980+0.197%Orderly95.980+0.197%Binance95.986+0.203%OKX95.990+0.207%Coinbase International95.990+0.207%BloFin95.990+0.207%Gate96.000+0.218%Aevo96.001+0.218%Lighter RH96.001+0.219%Lighter96.008+0.226%Phemex96.010+0.228%SoDEX96.011+0.229%tradeXYZ96.012+0.230%RISEx96.016+0.235%KuCoin96.050+0.270%
Bybit
Orderly
Binance
OKX
Coinbase International
BloFin
Gate
Aevo
Lighter RH
Lighter
Phemex
SoDEX
tradeXYZ
RISEx
KuCoinBitget96.050+0.270%
Aster96.050+0.270%Injective96.360+0.593%
Aster
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni CRCL | −0.269% | +0.0161% | 8h | $2.4M | $2.6M | — | as long as short |
| Aftermath Perps CRCLUSD | −0.262% | +0.0297% | 1h | $1K | $10K | 5x | as long as short |
| Ondo Perps CRCL-USD.P | −0.198% | +0.0050% | 1h | $1.1M | $5.6M | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.198% | +0.0100% | 1h | $70K | $8K | 50x | as long as short |
| Pacifica CRCL | −0.162% | +0.0100% | 1h | $89K | $89K | 10x | as long as short |
| Phoenix CRCL | −0.151% | +0.0259% | 1h | $5K | $68K | 10x | as long as short |
| Nado CRCL-PERP | −0.147% | +0.0185% | 1h | $131K | $77K | 3x | as long as short |
| Vest CRCL-USD-PERP | −0.146% | +0.0046% | 1h | — | $33K | 25x | as long as short |
| Arcus CRCL-USD | −0.115% | +0.0040% | 1h | $123K | $217K | 10x | as long as short |
| QFEX CRCL-USD | −0.115% | +0.0042% | 1h | $1.4M | $2.5M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended CRCL_24_5-USD | −0.109% | +0.0240% | 1h | $1.0M | $3.0M | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.103% | +0.0108% | 8h | $729 | $428 | 5x | as long as short |
| Polymarket Perps CRCL-USD | −0.101% | +0.0050% | 1h | $381K | $1.1M | 10x | as long as short |
| edgeX CRCLUSDC | −0.094% | +0.0876% | 4h | $21K | $262K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUALshort | −0.083% | +0.0167% | 1h | $1K | $799K | 10x | |
| Bybit CRCLUSDT | −0.073% | +0.0153% | 8h | $16.1M | $21.3M | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.073% | +0.0100% | 8h | $957 | $3K | 10x | as long as short |
| Binance CRCLUSDT | −0.067% | +0.0244% | 8h | $108.0M | $308.2M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | −0.062% | +0.0221% | 8h | $22.8M | $50.9M | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.062% | +0.0080% | 1h | $941K | $744K | 10x | as long as short |
| BloFin CRCL-USDT | −0.062% | +0.0364% | 8h | $1.1M | $492K | 20x | as long as short |
| Gate CRCL_USDT | −0.052% | 0.0000% | 8h | $7.2M | $23.2M | 50x | as long as short |
| Aevo CRCL-PERP | −0.051% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Lighter RH CRCL | −0.051% | +0.0032% | 1h | $880K | $2.4M | 10x | as long as short |
| Lighter CRCL | −0.044% | +0.0064% | 1h | $3.0M | $1.9M | 10x | as long as short |
| Phemex CRCLUSDT | −0.042% | 0.0000% | 4h | $1.1M | $47K | 10x | as long as short |
| SoDEX CRCL-USD | −0.041% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.040% | +0.0155% | 1h | $76.5M | $35.3M | 10x | as long as short |
| RISEx CRCL/USDC | −0.035% | +0.0336% | 1h | $415K | $324K | 10x | as long as short |
| KuCoin CRCLUSDTM | 0.000% | +0.0109% | 8h | $3.0M | $1.1M | 20x | as long as short |
| Bitget CRCLUSDTlong | 0.000% | +0.0222% | 8h | $16.7M | $30.5M | 25x | |
| Aster CRCLUSDT | 0.000% | +0.0254% | 8h | $1.3M | $4.1M | 20x | as long as short |
| Injective CRCL/USDC PERP | +0.323% | +0.0440% | 1h | $5K | $105K | 30x | as long as short |