Spread before costs (cost unknown: a leg has no order-book sample)−0.117%
7d average−0.184%if it closes, per $10,000$12funding while held, a day−$2.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CRCLUSDT | 94.140 | 0.0118 | pay 0.0118% / 8h | 6h 25m | $15.6M | $23.6M | 50x |
| Short | Ondo Perps CRCL-USD.P | 94.030 | 0.0050 | get 0.0006% / 1h | 25m 34s | $1.1M | $5.7M | 10x |
Bybit CRCLUSDT
Ondo Perps CRCL-USD.PPrice 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
- −$11.68
- Funding while held
- −$2.02
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$29.71
- Spread needed to break even
- 0.160%
Slippage unknown: Bybit: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.02
- 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, 4 min ago | 0.53 bp | 10.3 bp −$10 | 21.5 bp −$215 | 95.1 bp −$9,506 | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
CRCL price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni93.950cheapestCoinbase International94.000+0.053%Vest94.020+0.075%
ApeX Omni
Coinbase International
VestOndo Perps94.030+0.085%
Phoenix94.096+0.155%edgeX94.098+0.157%tradeXYZ94.105+0.165%Pacifica94.120+0.181%Extended94.136+0.198%Paradex94.137+0.199%Binance94.137+0.200%
Phoenix
tradeXYZ
Pacifica
Extended
Paradex
BinanceBybit94.140+0.202%
QFEX94.140+0.202%Gate94.140+0.202%KuCoin94.140+0.202%Aster94.149+0.212%OKX94.150+0.213%Arcus94.150+0.213%Bitget94.150+0.213%Lighter RH94.155+0.218%RISEx94.164+0.228%Nado94.168+0.232%Phemex94.170+0.234%BloFin94.180+0.245%Polymarket Perps94.185+0.250%SoDEX94.186+0.251%Lighter94.206+0.272%Deribit94.210+0.277%Aftermath Perps94.214+0.281%Aevo94.228+0.296%Orderly94.240+0.309%Variational Omni94.340+0.415%Injective94.550+0.639%
QFEX
Gate
KuCoin
Aster
OKX
Arcus
Bitget
Lighter RH
RISEx
Nado
Phemex
BloFin
Polymarket Perps
SoDEX
Lighter
Deribit
Aevo
Orderly
Variational Omni
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CRCLUSDT | −0.202% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.149% | +0.0096% | 1h | $939K | $789K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.127% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Ondo Perps CRCL-USD.Pshort | −0.117% | +0.0050% | 1h | $1.1M | $5.7M | 10x | |
| Phoenix CRCL | −0.047% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| edgeX CRCLUSDC | −0.045% | +0.0613% | 4h | $24K | $264K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.037% | +0.0122% | 1h | $71.2M | $40.0M | 10x | as long as short |
| Pacifica CRCL | −0.021% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.004% | +0.0160% | 1h | $1.2M | $3.2M | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.003% | +0.0088% | 8h | $715 | $428 | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance CRCLUSDT | −0.003% | +0.0160% | 8h | $107.2M | $360.5M | 50x | as long as short |
| Bybit CRCLUSDTlong | 0.000% | +0.0118% | 8h | $15.6M | $23.6M | 50x | |
| QFEX CRCL-USD | 0.000% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Gate CRCL_USDT | 0.000% | 0.0000% | 8h | $7.1M | $25.9M | 50x | as long as short |
| KuCoin CRCLUSDTM | 0.000% | +0.0294% | 8h | $2.9M | $1.5M | 20x | as long as short |
| Aster CRCLUSDT | +0.010% | +0.0143% | 8h | $1.1M | $4.6M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | +0.011% | +0.0235% | 8h | $22.7M | $56.3M | 50x | as long as short |
| Arcus CRCL-USD | +0.011% | +0.0586% | 1h | $104K | $252K | 10x | as long as short |
| Bitget CRCLUSDT | +0.011% | +0.0311% | 8h | $16.7M | $33.3M | 25x | as long as short |
| Lighter RH CRCL | +0.016% | +0.0032% | 1h | $793K | $2.7M | 10x | as long as short |
| RISEx CRCL/USDC | +0.025% | +0.0140% | 1h | $407K | $316K | 10x | as long as short |
| Nado CRCL-PERP | +0.030% | +0.0325% | 1h | $131K | $67K | 3x | as long as short |
| Phemex CRCLUSDT | +0.032% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| BloFin CRCL-USDT | +0.042% | +0.0280% | 8h | $1.1M | $588K | 20x | as long as short |
| Polymarket Perps CRCL-USD | +0.048% | +0.0050% | 1h | $355K | $1.0M | 10x | as long as short |
| SoDEX CRCL-USD | +0.049% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Lighter CRCL | +0.070% | +0.0296% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.074% | +0.0387% | 1h | $4K | $802K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.079% | +0.0356% | 1h | $2K | $14K | 5x | as long as short |
| Aevo CRCL-PERP | +0.093% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.106% | +0.0100% | 8h | $940 | $3K | 10x | as long as short |
| Variational Omni CRCL | +0.213% | +0.0097% | 8h | $2.5M | $3.2M | — | as long as short |
| Injective CRCL/USDC PERP | +0.436% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |