After costs, if the gap returns to its 7d average, $10k−$30
spread now−0.048%7d average−0.028%fees + slippage, in and out−$28spread needed0.285%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CRCLUSDT | 94.450 | 0.0139 | pay 0.0139% / 8h | 25m 19s | $15.8M | $22.2M | 50x |
| Short | Lighter RH CRCL | 94.405 | 0.0032 | get 0.0004% / 1h | 25m 19s | $801K | $2.7M | 10x |
Bybit CRCLUSDT
Lighter RH 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
- −$4.76
- Funding while held
- −$3.2
- Slippage, 4 orders
- −$17.48
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$36.44
- Spread needed to break even
- 0.285%
Slippage from Bybit: live order book, 5 min ago; Lighter RH: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0107%
- Per $10,000 a day
- −$3.20
- 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 Bybit live order book, 5 min ago | 1.59 bp | 9.3 bp −$9 | 21.7 bp −$217 | 112.5 bp −$11.3K | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.96 bp | 3.0 bp −$3 | 5.8 bp −$58 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International94.190cheapestApeX Omni94.230+0.042%Nado94.273+0.088%Phoenix94.281+0.097%Variational Omni94.307+0.124%Vest94.330+0.149%tradeXYZ94.363+0.184%Phemex94.380+0.202%Polymarket Perps94.381+0.203%Arcus94.390+0.212%Deribit94.390+0.212%Extended94.392+0.215%BloFin94.400+0.223%SoDEX94.401+0.224%
Coinbase International
ApeX Omni
Nado
Phoenix
Variational Omni
Vest
tradeXYZ
Phemex
Polymarket Perps
Arcus
Deribit
Extended
BloFin
SoDEXLighter RH94.405+0.228%
Aster94.407+0.231%Orderly94.410+0.234%Bitget94.420+0.244%Aevo94.422+0.246%Binance94.430+0.255%Ondo Perps94.430+0.255%Gate94.440+0.265%
Aster
Orderly
Bitget
Aevo
Binance
Ondo Perps
GateBybit94.450+0.276%
OKX94.450+0.276%Pacifica94.461+0.288%Aftermath Perps94.469+0.296%Lighter94.481+0.309%QFEX94.490+0.319%KuCoin94.510+0.340%edgeX94.520+0.350%Paradex94.521+0.351%RISEx94.540+0.372%Injective94.910+0.764%
OKX
Pacifica
Lighter
QFEX
KuCoin
Paradex
RISEx
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.275% | +0.0088% | 1h | $926K | $754K | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.233% | +0.0100% | 1h | $69K | $8K | 50x | as long as short |
| Nado CRCL-PERP | −0.188% | +0.0273% | 1h | $131K | $79K | 3x | as long as short |
| Phoenix CRCL | −0.179% | +0.0294% | 1h | $28K | $92K | 10x | as long as short |
| Variational Omni CRCL | −0.151% | +0.0126% | 8h | $2.3M | $2.7M | — | as long as short |
| Vest CRCL-USD-PERP | −0.127% | +0.0046% | 1h | — | $42K | 25x | as long as short |
| tradeXYZ xyz:CRCL | −0.092% | +0.0050% | 1h | $71.2M | $40.0M | 10x | as long as short |
| Phemex CRCLUSDT | −0.074% | 0.0000% | 4h | $1.0M | $47K | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.073% | +0.0050% | 1h | $356K | $1.1M | 10x | as long as short |
| Arcus CRCL-USD | −0.064% | +0.0063% | 1h | $106K | $249K | 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 | −0.064% | +0.0068% | 1h | $4K | $801K | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.061% | +0.0192% | 1h | $1.0M | $3.1M | 10x | as long as short |
| BloFin CRCL-USDT | −0.053% | +0.0316% | 8h | $1.1M | $544K | 20x | as long as short |
| SoDEX CRCL-USD | −0.052% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Lighter RH CRCLshort | −0.048% | +0.0032% | 1h | $801K | $2.7M | 10x | |
| Aster CRCLUSDT | −0.045% | +0.0186% | 8h | $1.1M | $4.4M | 20x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.042% | +0.0100% | 8h | $941 | $3K | 10x | as long as short |
| Bitget CRCLUSDT | −0.032% | +0.0263% | 8h | $16.3M | $32.1M | 25x | as long as short |
| Aevo CRCL-PERP | −0.030% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Binance CRCLUSDT | −0.021% | +0.0196% | 8h | $106.9M | $337.8M | 50x | as long as short |
| Ondo Perps CRCL-USD.P | −0.021% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Gate CRCL_USDT | −0.011% | 0.0000% | 8h | $7.1M | $24.8M | 50x | as long as short |
| Bybit CRCLUSDTlong | 0.000% | +0.0139% | 8h | $15.8M | $22.2M | 50x | |
| OKX CRCL-USDT-SWAP | 0.000% | +0.0195% | 8h | $22.5M | $53.6M | 50x | as long as short |
| Pacifica CRCL | +0.012% | +0.0100% | 1h | $89K | $90K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.020% | +0.0288% | 1h | $1K | $12K | 5x | as long as short |
| Lighter CRCL | +0.033% | +0.0136% | 1h | $2.9M | $2.0M | 10x | as long as short |
| QFEX CRCL-USD | +0.042% | +0.0046% | 1h | $1.4M | $2.6M | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.064% | +0.0214% | 8h | $2.9M | $1.3M | 20x | as long as short |
| edgeX CRCLUSDC | +0.074% | +0.0762% | 4h | $21K | $263K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.075% | +0.0082% | 8h | $718 | $428 | 5x | as long as short |
| RISEx CRCL/USDC | +0.095% | +0.0101% | 1h | $405K | $342K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.487% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |