After costs, if the gap returns to its 7d average, $10k−$107
spread now+0.064%7d average+0.026%fees + slippage, in and out−$111spread needed1.109%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CRCL-PERP-INTX | 94.180 | 0.0088 | pay 0.0011% / 1h | 27m 07s | $926K | $752K | 10x |
| Short | Phemex CRCLUSDT | 94.240 | 0 | get 0.0000% / 4h | 27m 07s | $1.0M | $47K | 10x |
Coinbase International CRCL-PERP-INTX
Phemex CRCLUSDTPrice 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
- $6.37
- Funding while held
- −$2.64
- Slippage, 4 orders
- −$88.89
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$107.16
- Spread needed to break even
- 1.109%
Slippage from Coinbase International: live order book, 33 min ago; Phemex: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0088%
- Per $10,000 a day
- −$2.64
- 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 Coinbase International live order book, 33 min ago | 6.83 bp | 11.8 bp −$12 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.23 bp | 36.0 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Vest94.130cheapestNado94.153+0.025%Extended94.166+0.038%Aster94.168+0.040%Paradex94.168+0.040%Pacifica94.170+0.042%QFEX94.170+0.042%Polymarket Perps94.175+0.048%Ondo Perps94.180+0.053%Arcus94.180+0.053%Orderly94.180+0.053%
Vest
Nado
Extended
Aster
Paradex
Pacifica
QFEX
Polymarket Perps
Ondo Perps
Arcus
OrderlyCoinbase International94.180+0.053%
SoDEX94.200+0.074%RISEx94.217+0.093%Deribit94.220+0.096%Aevo94.240+0.117%
SoDEX
RISEx
Deribit
AevoPhemex94.240+0.117%
BloFin94.240+0.117%Lighter RH94.242+0.119%Phoenix94.281+0.160%Gate94.290+0.170%KuCoin94.290+0.170%Bybit94.300+0.181%tradeXYZ94.302+0.183%Lighter94.305+0.186%Bitget94.340+0.223%Binance94.351+0.235%OKX94.380+0.266%edgeX94.520+0.414%Aftermath Perps94.527+0.422%ApeX Omni94.550+0.446%Variational Omni94.586+0.484%Injective95.120+1.052%
BloFin
Lighter RH
Phoenix
Gate
KuCoin
Bybit
tradeXYZ
Lighter
Bitget
Binance
OKX
ApeX Omni
Variational Omni
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | −0.053% | +0.0046% | 1h | — | $42K | 25x | as long as short |
| Nado CRCL-PERP | −0.028% | +0.0277% | 1h | $131K | $79K | 3x | as long as short |
| Extended CRCL_24_5-USD | −0.015% | +0.0200% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Aster CRCLUSDT | −0.013% | +0.0192% | 8h | $1.1M | $4.4M | 20x | as long as short |
| Paradex CRCL-USD-PERP | −0.013% | +0.0083% | 8h | $716 | $428 | 5x | as long as short |
| Pacifica CRCL | −0.011% | +0.0100% | 1h | $89K | $90K | 10x | as long as short |
| QFEX CRCL-USD | −0.011% | +0.0046% | 1h | $1.3M | $2.6M | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.005% | +0.0050% | 1h | $355K | $1.1M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | 0.000% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Arcus CRCL-USD | 0.000% | +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 | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_CRCL_USDC_mythos | 0.000% | +0.0100% | 8h | $939 | $3K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTXlong | 0.000% | +0.0088% | 1h | $926K | $752K | 10x | |
| SoDEX CRCL-USD | +0.021% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| RISEx CRCL/USDC | +0.040% | +0.0101% | 1h | $403K | $342K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.042% | 0.0000% | 1h | $4K | $801K | 10x | as long as short |
| Aevo CRCL-PERP | +0.064% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Phemex CRCLUSDTshort | +0.064% | 0.0000% | 4h | $1.0M | $47K | 10x | |
| BloFin CRCL-USDT | +0.064% | +0.0319% | 8h | $1.1M | $543K | 20x | as long as short |
| Lighter RH CRCL | +0.066% | +0.0032% | 1h | $803K | $2.7M | 10x | as long as short |
| Phoenix CRCL | +0.107% | +0.0294% | 1h | $28K | $92K | 10x | as long as short |
| Gate CRCL_USDT | +0.117% | 0.0000% | 8h | $7.1M | $24.8M | 50x | as long as short |
| KuCoin CRCLUSDTM | +0.117% | +0.0213% | 8h | $2.9M | $1.3M | 20x | as long as short |
| Bybit CRCLUSDT | +0.127% | +0.0142% | 8h | $15.8M | $22.2M | 50x | as long as short |
| tradeXYZ xyz:CRCL | +0.130% | +0.0050% | 1h | $71.2M | $39.9M | 10x | as long as short |
| Lighter CRCL | +0.133% | +0.0144% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Bitget CRCLUSDT | +0.170% | +0.0263% | 8h | $16.3M | $32.0M | 25x | as long as short |
| Binance CRCLUSDT | +0.181% | +0.0199% | 8h | $106.9M | $337.4M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | +0.212% | +0.0198% | 8h | $22.5M | $53.5M | 50x | as long as short |
| edgeX CRCLUSDC | +0.361% | +0.0762% | 4h | $21K | $263K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.369% | +0.0289% | 1h | $1K | $12K | 5x | as long as short |
| ApeX Omni CRCLUSDT | +0.393% | +0.0100% | 1h | $70K | $8K | 50x | as long as short |
| Variational Omni CRCL | +0.431% | +0.0139% | 8h | $2.4M | $2.7M | — | as long as short |
| Injective CRCL/USDC PERP | +0.998% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |