After costs, if the gap returns to its 7d average, $10k−$48
spread now−0.185%7d average−0.028%fees + slippage, in and out−$32spread needed0.325%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CRCL-USDT | 94.150 | 0.0276 | pay 0.0276% / 8h | 5h 21m | $1.1M | $567K | 20x |
| Short | Polymarket Perps CRCL-USD | 93.976 | 0.0050 | get 0.0006% / 1h | 21m 36s | $354K | $1.0M | 10x |
BloFin CRCL-USDT
Polymarket Perps CRCL-USDPrice 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
- −$18.48
- Funding while held
- −$6.78
- Slippage, 4 orders
- −$12.47
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$57.74
- Spread needed to break even
- 0.325%
Slippage from BloFin: live order book, 2 min ago; Polymarket Perps: live order book, 3 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 BloFin live order book, 2 min ago | 2.12 bp | 8.9 bp −$9 | 16.6 bp −$166 | 41.3 bp −$4,133 | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 2.50 bp | 8.6 bp −$9 | 8.9 bp −$89 | 10.5 bp −$1,053 | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ93.868cheapestOndo Perps93.870+0.002%SoDEX93.903+0.037%Paradex93.908+0.042%Pacifica93.910+0.045%Gate93.910+0.045%Vest93.910+0.045%KuCoin93.920+0.055%Deribit93.920+0.055%Lighter RH93.923+0.059%Extended93.929+0.065%Arcus93.930+0.066%QFEX93.930+0.066%Orderly93.930+0.066%RISEx93.938+0.074%Bybit93.940+0.077%Aster93.948+0.086%Binance93.948+0.086%Aevo93.959+0.097%Bitget93.960+0.098%Lighter93.964+0.102%OKX93.970+0.109%
tradeXYZ
Ondo Perps
SoDEX
Paradex
Pacifica
Gate
Vest
KuCoin
Deribit
Lighter RH
Extended
Arcus
QFEX
Orderly
RISEx
Bybit
Aster
Binance
Aevo
Bitget
Lighter
OKXPolymarket Perps93.976+0.115%
Phemex94.010+0.151%Aftermath Perps94.061+0.206%Nado94.070+0.215%Coinbase International94.090+0.237%ApeX Omni94.120+0.268%
Phemex
Nado
Coinbase International
ApeX OmniBloFin94.150+0.300%
Phoenix94.172+0.324%edgeX94.208+0.363%Variational Omni94.229+0.385%Injective94.650+0.833%
Phoenix
Variational Omni
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | −0.300% | +0.0050% | 1h | $70.8M | $40.8M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.297% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| SoDEX CRCL-USD | −0.262% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.257% | +0.0091% | 8h | $714 | $428 | 5x | as long as short |
| Pacifica CRCL | −0.255% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Gate CRCL_USDT | −0.255% | 0.0000% | 8h | $7.1M | $26.4M | 50x | as long as short |
| Vest CRCL-USD-PERP | −0.255% | +0.0031% | 1h | — | $45K | 25x | as long as short |
| KuCoin CRCLUSDTM | −0.244% | +0.0220% | 8h | $2.9M | $1.6M | 20x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.244% | +0.0389% | 1h | $4K | $802K | 10x | as long as short |
| Lighter RH CRCL | −0.241% | +0.0032% | 1h | $795K | $2.7M | 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 | −0.235% | +0.0152% | 1h | $1.1M | $3.5M | 10x | as long as short |
| Arcus CRCL-USD | −0.234% | +0.0651% | 1h | $101K | $256K | 10x | as long as short |
| QFEX CRCL-USD | −0.234% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.234% | +0.0100% | 8h | $936 | $3K | 10x | as long as short |
| RISEx CRCL/USDC | −0.225% | +0.0163% | 1h | $402K | $316K | 10x | as long as short |
| Bybit CRCLUSDT | −0.223% | +0.0054% | 8h | $15.0M | $24.7M | 50x | as long as short |
| Aster CRCLUSDT | −0.214% | +0.0139% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Binance CRCLUSDT | −0.214% | +0.0155% | 8h | $107.0M | $369.6M | 50x | as long as short |
| Aevo CRCL-PERP | −0.202% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Bitget CRCLUSDT | −0.202% | +0.0359% | 8h | $16.8M | $33.8M | 25x | as long as short |
| Lighter CRCL | −0.198% | +0.0288% | 1h | $2.9M | $2.1M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | −0.191% | +0.0246% | 8h | $22.7M | $58.0M | 50x | as long as short |
| Polymarket Perps CRCL-USDshort | −0.185% | +0.0050% | 1h | $354K | $1.0M | 10x | |
| Phemex CRCLUSDT | −0.149% | 0.0000% | 4h | $1.0M | $46K | 10x | as long as short |
| Aftermath Perps CRCLUSD | −0.095% | +0.0351% | 1h | $2K | $15K | 5x | as long as short |
| Nado CRCL-PERP | −0.085% | +0.0326% | 1h | $131K | $67K | 3x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.064% | +0.0120% | 1h | $943K | $744K | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.032% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| BloFin CRCL-USDTlong | 0.000% | +0.0276% | 8h | $1.1M | $567K | 20x | |
| Phoenix CRCL | +0.023% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| edgeX CRCLUSDC | +0.062% | +0.0964% | 4h | $24K | $265K | 10x | as long as short |
| Variational Omni CRCL | +0.084% | +0.0102% | 8h | $2.5M | $3.2M | — | as long as short |
| Injective CRCL/USDC PERP | +0.531% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |