data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

CRCL

RWAall CRCL markets
SwapFunding view
Alert
My alerts

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−$12
spread now+0.249%7d average+0.084%fees + slippage, in and out−$29spread needed0.287%
Long on BloFinShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CRCL-USDT94.2400.0319pay 0.0319% / 8h25m 49s$1.1M$543K20x
ShortLighter CRCL94.4750.0144get 0.0018% / 1h25m 49s$2.9M$2.0M10x

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
$24.94
Funding while held
−$5.26
Slippage, 4 orders
−$16.71
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$9.03
Spread needed to break even
0.287%
Slippage from BloFin: live order book, 3 min ago; Lighter: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0175%
Per $10,000 a day
−$5.26
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, 3 min ago2.12 bp9.1 bp −$919.0 bp −$19048.7 bp −$4,871doesn't fit
Sell Lighter live order book, 3 min ago2.70 bp6.3 bp −$613.9 bp −$13942.4 bp −$4,238doesn't fit

CRCL price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International94.190cheapestVest94.240+0.053%
BloFin94.240+0.053%
Nado94.273+0.088%Pacifica94.280+0.096%Phoenix94.281+0.097%Arcus94.300+0.117%Polymarket Perps94.300+0.117%Paradex94.304+0.121%Ondo Perps94.320+0.138%QFEX94.330+0.149%RISEx94.347+0.167%Lighter RH94.415+0.239%Orderly94.420+0.244%SoDEX94.426+0.251%Phemex94.430+0.255%Aster94.448+0.274%Aevo94.449+0.275%Deribit94.460+0.287%tradeXYZ94.469+0.296%
Lighter94.475+0.303%
Aftermath Perps94.477+0.304%Extended94.501+0.330%Bybit94.510+0.340%Gate94.510+0.340%Binance94.518+0.348%edgeX94.520+0.350%KuCoin94.540+0.372%OKX94.550+0.382%ApeX Omni94.550+0.382%Bitget94.560+0.393%Variational Omni94.586+0.420%Injective95.120+0.987%

CRCL on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International CRCL-PERP-INTX−0.053%+0.0088%1h$926K$754K10xas long as short
Vest CRCL-USD-PERP0.000%+0.0046%1h—$42K25xas long as short
BloFin CRCL-USDTlong0.000%+0.0319%8h$1.1M$543K20x
Nado CRCL-PERP+0.035%+0.0273%1h$131K$79K3xas long as short
Pacifica CRCL+0.042%+0.0100%1h$89K$90K10xas long as short
Phoenix CRCL+0.044%+0.0294%1h$28K$92K10xas long as short
Arcus CRCL-USD+0.064%+0.0063%1h$106K$249K10xas long as short
Polymarket Perps CRCL-USD+0.064%+0.0050%1h$355K$1.1M10xas long as short
Paradex CRCL-USD-PERP+0.068%+0.0083%8h$717$4285xas long as short
Ondo Perps CRCL-USD.P+0.085%+0.0050%1h$1.1M$5.7M10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
QFEX CRCL-USD+0.096%+0.0046%1h$1.4M$2.6M10xas long as short
RISEx CRCL/USDC+0.114%+0.0101%1h$404K$342K10xas long as short
Lighter RH CRCL+0.186%+0.0032%1h$801K$2.7M10xas long as short
Orderly PERP_CRCL_USDC_mythos+0.191%+0.0100%8h$941$3K10xas long as short
SoDEX CRCL-USD+0.197%+0.0050%1h$47K$3K10xas long as short
Phemex CRCLUSDT+0.202%0.0000%4h$1.0M$47K10xas long as short
Aster CRCLUSDT+0.220%+0.0186%8h$1.1M$4.4M20xas long as short
Aevo CRCL-PERP+0.222%+0.0104%1h$4—10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.233%+0.0174%1h$4K$801K10xas long as short
tradeXYZ xyz:CRCL+0.243%+0.0050%1h$71.3M$39.9M10xas long as short
Lighter CRCLshort+0.249%+0.0144%1h$2.9M$2.0M10x
Aftermath Perps CRCLUSD+0.251%+0.0288%1h$1K$12K5xas long as short
Extended CRCL_24_5-USD+0.277%+0.0200%1h$1.0M$3.1M10xas long as short
Bybit CRCLUSDT+0.287%+0.0139%8h$15.8M$22.2M50xas long as short
Gate CRCL_USDT+0.287%0.0000%8h$7.1M$24.8M50xas long as short
Binance CRCLUSDT+0.295%+0.0197%8h$107.0M$337.6M50xas long as short
edgeX CRCLUSDC+0.297%+0.0762%4h$21K$263K10xas long as short
KuCoin CRCLUSDTM+0.318%+0.0213%8h$2.9M$1.3M20xas long as short
OKX CRCL-USDT-SWAP+0.329%+0.0197%8h$22.5M$53.6M50xas long as short
ApeX Omni CRCLUSDT+0.329%+0.0100%1h$70K$8K50xas long as short
Bitget CRCLUSDT+0.340%+0.0262%8h$16.4M$32.1M25xas long as short
Variational Omni CRCL+0.367%+0.0139%8h$2.4M$2.7M—as long as short
Injective CRCL/USDC PERP+0.934%+0.0440%1h$5K$76K30xas long as short