data as of
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Price arb /

CRCL

RWAall CRCL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$31
spread now+0.070%7d average+0.100%fees + slippage, in and out−$28spread needed0.282%
Long on DeribitShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit CRCL_USDC-PERPETUAL95.4000.0274pay 0.0034% / 1h23m 55s$1K$799K10x
ShortLighter CRCL95.4670.0120get 0.0015% / 1h23m 55s$3.0M$1.9M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$7.02
Funding while held
−$4.63
Slippage, 4 orders
−$21.18
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Lighter: 0 bp × 2 orders
$0
Net
−$25.79
Spread needed to break even
0.282%
Slippage from Deribit: live order book, 27 min ago; Lighter: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0154%
Per $10,000 a day
−$4.63
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 27 min ago7.37 bp10.9 bp −$1114.9 bp −$149doesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago2.09 bp3.3 bp −$313.2 bp −$13237.6 bp −$3,761doesn't fit

CRCL price on every exchange

against the cheapest. Click to use as the short leg.
SoDEX95.399cheapest
Deribit95.400+0.001%
Orderly95.430+0.032%Lighter RH95.432+0.035%tradeXYZ95.451+0.055%Nado95.452+0.055%Vest95.460+0.064%Aevo95.467+0.071%
Lighter95.467+0.071%
Extended95.470+0.075%Phemex95.480+0.085%Aster95.481+0.086%Coinbase International95.500+0.106%Polymarket Perps95.517+0.124%Ondo Perps95.550+0.158%ApeX Omni95.550+0.158%Binance95.560+0.168%Arcus95.570+0.179%KuCoin95.570+0.179%QFEX95.590+0.200%Bybit95.600+0.211%Gate95.600+0.211%BloFin95.600+0.211%Bitget95.610+0.221%Paradex95.614+0.226%OKX95.620+0.232%Aftermath Perps95.624+0.236%Variational Omni95.632+0.244%RISEx95.634+0.246%Pacifica95.657+0.271%Phoenix95.717+0.333%edgeX95.922+0.548%Injective96.140+0.777%

CRCL on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SoDEX CRCL-USD−0.001%+0.0050%1h$48K$3K10xas long as short
Deribit CRCL_USDC-PERPETUALlong0.000%+0.0274%1h$1K$799K10x
Orderly PERP_CRCL_USDC_mythos+0.031%+0.0100%8h$951$3K10xas long as short
Lighter RH CRCL+0.034%+0.0032%1h$879K$2.4M10xas long as short
tradeXYZ xyz:CRCL+0.053%+0.0171%1h$76.0M$35.4M10xas long as short
Nado CRCL-PERP+0.054%+0.0212%1h$131K$77K3xas long as short
Vest CRCL-USD-PERP+0.063%+0.0046%1h—$35K25xas long as short
Aevo CRCL-PERP+0.070%+0.0104%1h$4—10xas long as short
Lighter CRCLshort+0.070%+0.0120%1h$3.0M$1.9M10x
Extended CRCL_24_5-USD+0.074%+0.0240%1h$1.0M$3.1M10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phemex CRCLUSDT+0.084%0.0000%4h$1.1M$47K10xas long as short
Aster CRCLUSDT+0.085%+0.0244%8h$1.3M$4.1M20xas long as short
Coinbase International CRCL-PERP-INTX+0.105%+0.0080%1h$937K$740K10xas long as short
Polymarket Perps CRCL-USD+0.123%+0.0050%1h$379K$1.1M10xas long as short
Ondo Perps CRCL-USD.P+0.157%+0.0050%1h$1.1M$5.6M10xas long as short
ApeX Omni CRCLUSDT+0.157%+0.0100%1h$69K$8K50xas long as short
Binance CRCLUSDT+0.167%+0.0241%8h$107.6M$310.8M50xas long as short
Arcus CRCL-USD+0.178%+0.0040%1h$123K$223K10xas long as short
KuCoin CRCLUSDTM+0.178%+0.0136%8h$3.0M$1.1M20xas long as short
QFEX CRCL-USD+0.199%+0.0042%1h$1.4M$2.5M10xas long as short
Bybit CRCLUSDT+0.210%+0.0153%8h$16.0M$21.4M50xas long as short
Gate CRCL_USDT+0.210%0.0000%8h$7.2M$23.4M50xas long as short
BloFin CRCL-USDT+0.210%+0.0361%8h$1.1M$489K20xas long as short
Bitget CRCLUSDT+0.220%+0.0232%8h$16.6M$30.6M25xas long as short
Paradex CRCL-USD-PERP+0.225%+0.0106%8h$727$4285xas long as short
OKX CRCL-USDT-SWAP+0.231%+0.0217%8h$22.7M$51.0M50xas long as short
Aftermath Perps CRCLUSD+0.235%+0.0305%1h$1K$10K5xas long as short
Variational Omni CRCL+0.243%+0.0156%8h$2.4M$2.7M—as long as short
RISEx CRCL/USDC+0.245%+0.0336%1h$413K$324K10xas long as short
Pacifica CRCL+0.270%+0.0100%1h$89K$89K10xas long as short
Phoenix CRCL+0.332%+0.0259%1h$28K$68K10xas long as short
edgeX CRCLUSDC+0.547%+0.0315%4h$21K$260K10xas long as short
Injective CRCL/USDC PERP+0.776%+0.0440%1h$5K$105K30xas long as short