Spread before costs (cost unknown: a leg has no order-book sample)−0.032%
7d average—if it closes, per $10,000$3funding while held, a day−$0.18
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CRCLUSDT | 93.970 | 0.0038 | pay 0.0038% / 8h | 5h 07m | $15.0M | $24.8M | 50x |
| Short | Vest CRCL-USD-PERP | 93.940 | 0.0032 | get 0.0004% / 1h | 7m 42s | — | $45K | 25x |
Bybit CRCLUSDT
Vest CRCL-USD-PERPPrice 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
- −$3.19
- Funding while held
- −$0.18
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$16.38
- Spread needed to break even
- 0.130%
Slippage unknown: Bybit: live order book, 2 min ago; Vest: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0006%
- Per $10,000 a day
- −$0.18
- 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, 2 min ago | 2.12 bp | 10.4 bp −$10 | 17.8 bp −$178 | 86.9 bp −$8,695 | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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.tradeXYZ93.928cheapest
tradeXYZVest93.940+0.013%
Nado93.951+0.024%
NadoBybit93.970+0.045%
Binance93.985+0.061%Lighter RH93.988+0.064%Polymarket Perps94.001+0.078%Deribit94.020+0.098%Aster94.022+0.100%Lighter94.023+0.101%SoDEX94.027+0.105%OKX94.030+0.109%KuCoin94.030+0.109%Bitget94.030+0.109%Aftermath Perps94.038+0.117%Gate94.040+0.119%Extended94.044+0.123%Orderly94.050+0.130%Aevo94.057+0.137%Ondo Perps94.060+0.141%Phemex94.110+0.194%Pacifica94.119+0.204%Paradex94.123+0.208%Arcus94.130+0.215%QFEX94.130+0.215%RISEx94.145+0.231%Coinbase International94.190+0.279%ApeX Omni94.210+0.300%edgeX94.229+0.320%Phoenix94.238+0.330%Variational Omni94.238+0.330%BloFin94.280+0.375%Injective94.740+0.864%
Binance
Lighter RH
Polymarket Perps
Deribit
Aster
Lighter
SoDEX
OKX
KuCoin
Bitget
Gate
Extended
Orderly
Aevo
Ondo Perps
Phemex
Pacifica
Paradex
Arcus
QFEX
RISEx
Coinbase International
ApeX Omni
Phoenix
Variational Omni
BloFin
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | −0.045% | +0.0050% | 1h | $70.6M | $41.0M | 10x | as long as short |
| Vest CRCL-USD-PERPshort | −0.032% | +0.0032% | 1h | — | $45K | 25x | |
| Nado CRCL-PERP | −0.021% | +0.0326% | 1h | $131K | $67K | 3x | as long as short |
| Bybit CRCLUSDTlong | 0.000% | +0.0038% | 8h | $15.0M | $24.8M | 50x | |
| Binance CRCLUSDT | +0.016% | +0.0157% | 8h | $107.1M | $371.4M | 50x | as long as short |
| Lighter RH CRCL | +0.019% | +0.0032% | 1h | $799K | $2.7M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.033% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.053% | +0.0389% | 1h | $4K | $802K | 10x | as long as short |
| Aster CRCLUSDT | +0.055% | +0.0143% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Lighter CRCL | +0.056% | +0.0296% | 1h | $2.9M | $2.1M | 10x | as long as short |