Spread before costs (cost unknown: a leg has no order-book sample)+0.185%
7d average−0.028%if it closes, per $10,000$18funding while held, a day−$6.71
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CRCLUSDT | 93.740 | 0.0316 | pay 0.0316% / 8h | 6h 15m | $16.6M | $33.3M | 25x |
| Short | Variational Omni CRCL | 93.913 | 0.0092 | get 0.0092% / 8h | 6h 15m | $2.5M | $3.2M | — |
Bitget CRCLUSDT
Variational Omni CRCLPrice 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
- $18.45
- Funding while held
- −$6.71
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$0.26
- Spread needed to break even
- 0.120%
Slippage unknown: Bitget: live order book, 5 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0224%
- Per $10,000 a day
- −$6.71
- 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 Bitget live order book, 5 min ago | 1.60 bp | 10.1 bp −$10 | 14.6 bp −$146 | 41.5 bp −$4,153 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 3.43 bp | doesn't fit | 8.3 bp −$83 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Nado93.572cheapestVest93.580+0.008%Polymarket Perps93.644+0.076%Binance93.664+0.098%tradeXYZ93.665+0.099%Extended93.684+0.119%Aster93.690+0.126%Bybit93.690+0.126%Orderly93.690+0.126%SoDEX93.695+0.131%Gate93.700+0.136%KuCoin93.710+0.147%OKX93.720+0.158%Deribit93.720+0.158%Lighter RH93.721+0.159%Aevo93.728+0.166%Phemex93.730+0.168%
Nado
Vest
Polymarket Perps
Binance
tradeXYZ
Extended
Aster
Bybit
Orderly
SoDEX
Gate
KuCoin
OKX
Deribit
Lighter RH
Aevo
PhemexBitget93.740+0.179%
BloFin93.740+0.179%Arcus93.760+0.200%RISEx93.770+0.211%Lighter93.780+0.222%QFEX93.790+0.232%Coinbase International93.800+0.243%Paradex93.808+0.252%Ondo Perps93.810+0.254%Pacifica93.822+0.267%Aftermath Perps93.873+0.321%edgeX93.900+0.350%ApeX Omni93.900+0.350%
BloFin
Arcus
RISEx
Lighter
QFEX
Coinbase International
Paradex
Ondo Perps
Pacifica
ApeX OmniVariational Omni93.913+0.364%
Phoenix93.944+0.397%Injective94.450+0.938%
Phoenix
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado CRCL-PERP | −0.179% | +0.0328% | 1h | $130K | $67K | 3x | as long as short |
| Vest CRCL-USD-PERP | −0.171% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Polymarket Perps CRCL-USD | −0.102% | +0.0050% | 1h | $353K | $1.0M | 10x | as long as short |
| Binance CRCLUSDT | −0.081% | +0.0157% | 8h | $106.4M | $361.6M | 50x | as long as short |
| tradeXYZ xyz:CRCL | −0.080% | +0.0107% | 1h | $70.9M | $40.1M | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.060% | +0.0160% | 1h | $1.0M | $3.4M | 10x | as long as short |
| Aster CRCLUSDT | −0.053% | +0.0137% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Bybit CRCLUSDT | −0.053% | +0.0070% | 8h | $15.4M | $23.7M | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.053% | +0.0100% | 8h | $934 | $3K | 10x | as long as short |
| SoDEX CRCL-USD | −0.048% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate CRCL_USDT | −0.043% | 0.0000% | 8h | $7.1M | $26.0M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.032% | +0.0283% | 8h | $2.9M | $1.5M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | −0.021% | +0.0244% | 8h | $22.6M | $56.5M | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.021% | +0.0497% | 1h | $4K | $802K | 10x | as long as short |
| Lighter RH CRCL | −0.020% | +0.0032% | 1h | $795K | $2.7M | 10x | as long as short |
| Aevo CRCL-PERP | −0.013% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Phemex CRCLUSDT | −0.011% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Bitget CRCLUSDTlong | 0.000% | +0.0316% | 8h | $16.6M | $33.3M | 25x | |
| BloFin CRCL-USDT | 0.000% | +0.0277% | 8h | $1.1M | $589K | 20x | as long as short |
| Arcus CRCL-USD | +0.021% | +0.0586% | 1h | $102K | $253K | 10x | as long as short |
| RISEx CRCL/USDC | +0.032% | +0.0140% | 1h | $405K | $314K | 10x | as long as short |
| Lighter CRCL | +0.043% | +0.0320% | 1h | $2.9M | $2.1M | 10x | as long as short |
| QFEX CRCL-USD | +0.053% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.064% | +0.0096% | 1h | $937K | $782K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.072% | +0.0086% | 8h | $713 | $428 | 5x | as long as short |
| Ondo Perps CRCL-USD.P | +0.075% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Pacifica CRCL | +0.087% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.142% | +0.0371% | 1h | $2K | $14K | 5x | as long as short |
| edgeX CRCLUSDC | +0.171% | +0.0217% | 4h | $24K | $266K | 10x | as long as short |
| ApeX Omni CRCLUSDT | +0.171% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Variational Omni CRCLshort | +0.185% | +0.0092% | 8h | $2.5M | $3.2M | — | |
| Phoenix CRCL | +0.218% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.757% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |