data as of
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Price arb /

CRCL

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$25
spread now+0.095%7d average−0.016%fees + slippage, in and out−$36spread needed0.361%
Long on BloFinShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CRCL-USDT94.5500.0323pay 0.0323% / 8h28m 47s$1.1M$544K20x
ShortDeribit CRCL_USDC-PERPETUAL94.6400.0173get 0.0022% / 1h28m 47s$4K$801K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$9.52
Funding while held
−$4.52
Slippage, 4 orders
−$17.08
Fee BloFin: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$31.08
Spread needed to break even
0.361%
Slippage from BloFin: live order book, 5 min ago; Deribit: live order book, 17 min ago.

Cost of waiting

funding view
Funding /8h
−0.0151%
Per $10,000 a day
−$4.52
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago1.59 bp8.7 bp −$917.5 bp −$17549.8 bp −$4,980doesn't fit
Sell Deribit live order book, 17 min ago6.31 bp9.8 bp −$1013.7 bp −$137doesn't fitdoesn't fit

CRCL price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps94.360cheapestPacifica94.410+0.053%Paradex94.429+0.074%tradeXYZ94.440+0.085%QFEX94.450+0.095%Arcus94.470+0.117%Vest94.490+0.138%Lighter RH94.496+0.144%Nado94.499+0.147%Bitget94.500+0.148%Coinbase International94.500+0.148%Aster94.506+0.155%Binance94.510+0.159%OKX94.510+0.159%ApeX Omni94.510+0.159%RISEx94.511+0.160%Bybit94.520+0.170%Gate94.520+0.170%Extended94.524+0.174%Phemex94.530+0.180%Lighter94.542+0.193%Polymarket Perps94.550+0.201%
BloFin94.550+0.201%
Variational Omni94.586+0.240%SoDEX94.588+0.242%Orderly94.590+0.244%KuCoin94.600+0.254%edgeX94.625+0.281%Aftermath Perps94.631+0.288%
Deribit94.640+0.297%
Aevo94.648+0.305%Phoenix94.655+0.313%Injective95.120+0.805%

CRCL on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps CRCL-USD.P−0.201%+0.0050%1h$1.1M$5.7M10xas long as short
Pacifica CRCL−0.148%+0.0100%1h$89K$90K10xas long as short
Paradex CRCL-USD-PERP−0.128%+0.0084%8h$718$4285xas long as short
tradeXYZ xyz:CRCL−0.116%+0.0050%1h$71.5M$39.6M10xas long as short
QFEX CRCL-USD−0.106%+0.0046%1h$1.4M$2.6M10xas long as short
Arcus CRCL-USD−0.085%+0.0063%1h$107K$251K10xas long as short
Vest CRCL-USD-PERP−0.063%+0.0046%1h—$41K25xas long as short
Lighter RH CRCL−0.057%+0.0032%1h$803K$2.6M10xas long as short
Nado CRCL-PERP−0.054%+0.0282%1h$132K$79K3xas long as short
Bitget CRCLUSDT−0.053%+0.0265%8h$16.4M$32.0M25xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International CRCL-PERP-INTX−0.053%+0.0088%1h$929K$747K10xas long as short
Aster CRCLUSDT−0.046%+0.0193%8h$1.1M$4.4M20xas long as short
Binance CRCLUSDT−0.042%+0.0202%8h$107.0M$336.4M50xas long as short
OKX CRCL-USDT-SWAP−0.042%+0.0202%8h$22.5M$53.3M50xas long as short
ApeX Omni CRCLUSDT−0.042%+0.0100%1h$69K$8K50xas long as short
RISEx CRCL/USDC−0.041%+0.0101%1h$405K$335K10xas long as short
Bybit CRCLUSDT−0.032%+0.0144%8h$15.9M$22.0M50xas long as short
Gate CRCL_USDT−0.032%0.0000%8h$7.1M$24.7M50xas long as short
Extended CRCL_24_5-USD−0.027%+0.0200%1h$1.0M$3.1M10xas long as short
Phemex CRCLUSDT−0.021%0.0000%4h$1.0M$47K10xas long as short
Lighter CRCL−0.008%+0.0160%1h$2.9M$2.0M10xas long as short
Polymarket Perps CRCL-USD0.000%+0.0050%1h$356K$1.1M10xas long as short
BloFin CRCL-USDTlong0.000%+0.0323%8h$1.1M$544K20x
Variational Omni CRCL+0.038%+0.0139%8h$2.4M$2.7M—as long as short
SoDEX CRCL-USD+0.040%+0.0050%1h$47K$3K10xas long as short
Orderly PERP_CRCL_USDC_mythos+0.042%+0.0100%8h$943$3K10xas long as short
KuCoin CRCLUSDTM+0.053%+0.0212%8h$2.9M$1.3M20xas long as short
edgeX CRCLUSDC+0.079%+0.0526%4h$21K$263K10xas long as short
Aftermath Perps CRCLUSD+0.086%+0.0296%1h$1K$12K5xas long as short
Deribit CRCL_USDC-PERPETUALshort+0.095%+0.0173%1h$4K$801K10x
Aevo CRCL-PERP+0.103%+0.0104%1h$4—10xas long as short
Phoenix CRCL+0.111%+0.0294%1h$28K$92K10xas long as short
Injective CRCL/USDC PERP+0.603%+0.0440%1h$5K$76K30xas long as short