Spread before costs (cost unknown: a leg has no order-book sample)−0.044%
7d average—if it closes, per $10,000$4funding while held, a day+$1.63
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CRCLUSDT | 94.310 | 0.0046 | pay 0.0046% / 8h | 5h 09m | $15.1M | $24.8M | 50x |
| Short | Pacifica CRCL | 94.268 | 0.0100 | get 0.0013% / 1h | 9m 43s | $75K | $95K | 10x |
Bybit CRCLUSDT
Pacifica 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
- −$4.41
- Funding while held
- $1.63
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$21.78
- Spread needed to break even
- 0.190%
Slippage unknown: Bybit: live order book, 5 min ago; Pacifica: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0054%
- Per $10,000 a day
- +$1.63
- 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 | 1.07 bp | 10.6 bp −$11 | 20.4 bp −$204 | 83.8 bp −$8,380 | doesn't fit |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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 Omni93.740cheapestPhoenix93.879+0.148%edgeX94.026+0.305%Aftermath Perps94.061+0.343%Vest94.130+0.416%Ondo Perps94.190+0.480%Coinbase International94.190+0.480%Nado94.217+0.509%Polymarket Perps94.219+0.511%BloFin94.230+0.523%Variational Omni94.238+0.532%tradeXYZ94.256+0.550%QFEX94.260+0.555%RISEx94.265+0.560%
ApeX Omni
Phoenix
Vest
Ondo Perps
Coinbase International
Nado
Polymarket Perps
BloFin
Variational Omni
tradeXYZ
QFEX
RISExPacifica94.268+0.564%
Arcus94.270+0.565%Paradex94.278+0.574%Gate94.290+0.587%KuCoin94.290+0.587%Phemex94.290+0.587%Extended94.308+0.606%Binance94.310+0.608%
Arcus
Paradex
Gate
KuCoin
Phemex
Extended
BinanceBybit94.310+0.608%
Aevo94.312+0.611%Lighter RH94.320+0.619%OKX94.320+0.619%Orderly94.320+0.619%SoDEX94.326+0.625%Aster94.330+0.629%Injective94.330+0.629%Bitget94.340+0.640%Deribit94.340+0.640%Lighter94.358+0.659%
Aevo
Lighter RH
OKX
Orderly
SoDEX
Aster
Injective
Bitget
Deribit
LighterCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CRCLUSDT | −0.604% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Phoenix CRCL | −0.457% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| edgeX CRCLUSDC | −0.302% | +0.0894% | 4h | $24K | $265K | 10x | as long as short |
| Aftermath Perps CRCLUSD | −0.264% | +0.0342% | 1h | $2K | $16K | 5x | as long as short |
| Vest CRCL-USD-PERP | −0.191% | +0.0031% | 1h | — | $45K | 25x | as long as short |
| Ondo Perps CRCL-USD.P | −0.127% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.127% | +0.0120% | 1h | $941K | $745K | 10x | as long as short |
| Nado CRCL-PERP | −0.098% | +0.0326% | 1h | $131K | $67K | 3x | as long as short |
| Polymarket Perps CRCL-USD | −0.096% | +0.0050% | 1h | $355K | $1.0M | 10x | as long as short |
| BloFin CRCL-USDT | −0.085% | +0.0278% | 8h | $1.1M | $568K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni CRCL | −0.076% | +0.0104% | 8h | $2.5M | $3.2M | — | as long as short |
| tradeXYZ xyz:CRCL | −0.057% | +0.0050% | 1h | $70.9M | $41.0M | 10x | as long as short |
| QFEX CRCL-USD | −0.053% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| RISEx CRCL/USDC | −0.048% | +0.0163% | 1h | $418K | $323K | 10x | as long as short |
| Pacifica CRCLshort | −0.044% | +0.0100% | 1h | $75K | $95K | 10x | |
| Arcus CRCL-USD | −0.042% | +0.0651% | 1h | $102K | $256K | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.034% | +0.0090% | 8h | $717 | $428 | 5x | as long as short |
| Gate CRCL_USDT | −0.021% | 0.0000% | 8h | $7.1M | $26.5M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.021% | +0.0201% | 8h | $2.9M | $1.6M | 20x | as long as short |
| Phemex CRCLUSDT | −0.021% | 0.0000% | 4h | $1.0M | $46K | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.003% | +0.0160% | 1h | $1.2M | $3.5M | 10x | as long as short |
| Binance CRCLUSDT | 0.000% | +0.0159% | 8h | $107.5M | $371.2M | 50x | as long as short |
| Bybit CRCLUSDTlong | 0.000% | +0.0046% | 8h | $15.1M | $24.8M | 50x | |
| Aevo CRCL-PERP | +0.003% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Lighter RH CRCL | +0.011% | +0.0032% | 1h | $802K | $2.7M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.011% | +0.0252% | 8h | $22.8M | $58.4M | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.011% | +0.0100% | 8h | $940 | $3K | 10x | as long as short |
| SoDEX CRCL-USD | +0.017% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Aster CRCLUSDT | +0.021% | +0.0144% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Injective CRCL/USDC PERP | +0.021% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |
| Bitget CRCLUSDT | +0.032% | +0.0371% | 8h | $16.7M | $33.9M | 25x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.032% | +0.0386% | 1h | $4K | $802K | 10x | as long as short |
| Lighter CRCL | +0.051% | +0.0296% | 1h | $2.9M | $2.1M | 10x | as long as short |