After costs, if the gap returns to its 7d average, $10k−$106
spread now0.000%7d average−0.038%fees + slippage, in and out−$110spread needed1.099%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CRCLUSDT | 95.650 | 0.0226 | pay 0.0226% / 8h | 1h 28m | $16.6M | $30.6M | 25x |
| Short | Phemex CRCLUSDT | 95.650 | 0 | get 0.0000% / 4h | 1h 28m | $1.1M | $47K | 10x |
Bitget CRCLUSDT
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
- $0
- Funding while held
- −$6.78
- Slippage, 4 orders
- −$85.87
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$116.65
- Spread needed to break even
- 1.099%
Slippage from Bitget: live order book, 2 min ago; Phemex: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0226%
- Per $10,000 a day
- −$6.78
- 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, 2 min ago | 1.56 bp | 11.2 bp −$11 | 22.6 bp −$226 | 61.1 bp −$6,111 | doesn't fit |
| Sell Phemex live order book, 1 min ago | 6.79 bp | 48.5 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Vest95.560cheapestExtended95.585+0.027%Coinbase International95.590+0.031%SoDEX95.596+0.038%Pacifica95.598+0.039%Polymarket Perps95.603+0.045%Nado95.604+0.046%Lighter RH95.608+0.050%QFEX95.610+0.052%Orderly95.610+0.052%Deribit95.610+0.052%Aster95.618+0.060%Aevo95.620+0.062%Arcus95.620+0.063%Bybit95.630+0.073%Lighter95.637+0.081%Gate95.640+0.084%RISEx95.645+0.089%tradeXYZ95.646+0.090%
Vest
Extended
Coinbase International
SoDEX
Pacifica
Polymarket Perps
Nado
Lighter RH
QFEX
Orderly
Deribit
Aster
Aevo
Arcus
Bybit
Lighter
Gate
RISEx
tradeXYZBitget95.650+0.094%
Phemex95.650+0.094%
Paradex95.664+0.109%Binance95.684+0.129%OKX95.700+0.147%KuCoin95.700+0.147%Aftermath Perps95.733+0.181%BloFin95.760+0.209%Phoenix95.925+0.382%Ondo Perps95.940+0.398%edgeX95.960+0.418%ApeX Omni95.990+0.450%Variational Omni95.992+0.453%Injective96.450+0.931%
Paradex
Binance
OKX
KuCoin
BloFin
Phoenix
Ondo Perps
ApeX Omni
Variational Omni
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 | −0.094% | +0.0046% | 1h | — | $33K | 25x | as long as short |
| Extended CRCL_24_5-USD | −0.068% | +0.0240% | 1h | $1.0M | $3.0M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.063% | +0.0080% | 1h | $937K | $741K | 10x | as long as short |
| SoDEX CRCL-USD | −0.056% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| Pacifica CRCL | −0.055% | +0.0100% | 1h | $89K | $89K | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.049% | +0.0050% | 1h | $380K | $1.1M | 10x | as long as short |
| Nado CRCL-PERP | −0.048% | +0.0198% | 1h | $131K | $77K | 3x | as long as short |
| Lighter RH CRCL | −0.044% | +0.0032% | 1h | $877K | $2.4M | 10x | as long as short |
| QFEX CRCL-USD | −0.042% | +0.0042% | 1h | $1.4M | $2.5M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.042% | +0.0100% | 8h | $953 | $3K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit CRCL_USDC-PERPETUAL | −0.042% | +0.0378% | 1h | $1K | $799K | 10x | as long as short |
| Aster CRCLUSDT | −0.034% | +0.0251% | 8h | $1.3M | $4.1M | 20x | as long as short |
| Aevo CRCL-PERP | −0.032% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Arcus CRCL-USD | −0.031% | +0.0040% | 1h | $123K | $218K | 10x | as long as short |
| Bybit CRCLUSDT | −0.021% | +0.0152% | 8h | $16.0M | $21.3M | 50x | as long as short |
| Lighter CRCL | −0.014% | +0.0072% | 1h | $3.0M | $1.9M | 10x | as long as short |
| Gate CRCL_USDT | −0.010% | 0.0000% | 8h | $7.2M | $23.3M | 50x | as long as short |
| RISEx CRCL/USDC | −0.005% | +0.0336% | 1h | $413K | $324K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.004% | +0.0161% | 1h | $76.1M | $35.4M | 10x | as long as short |
| Bitget CRCLUSDTlong | 0.000% | +0.0226% | 8h | $16.6M | $30.6M | 25x | |
| Phemex CRCLUSDTshort | 0.000% | 0.0000% | 4h | $1.1M | $47K | 10x | |
| Paradex CRCL-USD-PERP | +0.015% | +0.0107% | 8h | $727 | $428 | 5x | as long as short |
| Binance CRCLUSDT | +0.035% | +0.0242% | 8h | $107.7M | $309.3M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | +0.052% | +0.0221% | 8h | $22.7M | $50.9M | 50x | as long as short |
| KuCoin CRCLUSDTM | +0.052% | +0.0117% | 8h | $3.0M | $1.1M | 20x | as long as short |
| Aftermath Perps CRCLUSD | +0.087% | +0.0298% | 1h | $2K | $10K | 5x | as long as short |
| BloFin CRCL-USDT | +0.115% | +0.0363% | 8h | $1.1M | $491K | 20x | as long as short |
| Phoenix CRCL | +0.288% | +0.0259% | 1h | $28K | $68K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.303% | +0.0050% | 1h | $1.1M | $5.6M | 10x | as long as short |
| edgeX CRCLUSDC | +0.324% | +0.0876% | 4h | $21K | $262K | 10x | as long as short |
| ApeX Omni CRCLUSDT | +0.355% | +0.0100% | 1h | $70K | $8K | 50x | as long as short |
| Variational Omni CRCL | +0.358% | +0.0157% | 8h | $2.4M | $2.6M | — | as long as short |
| Injective CRCL/USDC PERP | +0.836% | +0.0440% | 1h | $5K | $105K | 30x | as long as short |