After costs, if the gap returns to its 7d average, $10k−$42
spread now−0.069%7d average−0.012%fees + slippage, in and out−$37spread needed0.368%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit CRCL_USDC-PERPETUAL | 94.750 | 0.0595 | pay 0.0074% / 1h | 38m 43s | $4K | $802K | 10x |
| Short | Polymarket Perps CRCL-USD | 94.685 | 0.0050 | get 0.0006% / 1h | 38m 43s | $357K | $1.1M | 10x |
Deribit CRCL_USDC-PERPETUAL
Polymarket Perps CRCL-USDPrice 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
- −$6.86
- Funding while held
- −$16.35
- Slippage, 4 orders
- −$21.8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$60.01
- Spread needed to break even
- 0.368%
Slippage from Deribit: live order book, 2 min ago; Polymarket Perps: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0545%
- Per $10,000 a day
- −$16.35
- 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 Deribit live order book, 2 min ago | 7.38 bp | 10.9 bp −$11 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 2.22 bp | 7.8 bp −$8 | 8.0 bp −$80 | 11.2 bp −$1,116 | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Binance94.621cheapesttradeXYZ94.622+0.001%Lighter RH94.629+0.009%Nado94.635+0.015%Phemex94.640+0.020%Vest94.670+0.052%Lighter94.672+0.054%Aftermath Perps94.676+0.058%
Binance
tradeXYZ
Lighter RH
Nado
Phemex
Vest
LighterPolymarket Perps94.685+0.068%
QFEX94.690+0.073%Paradex94.700+0.084%ApeX Omni94.700+0.084%Extended94.710+0.094%Arcus94.710+0.094%Gate94.710+0.094%Bitget94.710+0.094%OKX94.720+0.105%Aster94.730+0.115%Bybit94.730+0.115%Coinbase International94.730+0.115%Pacifica94.733+0.119%Variational Omni94.734+0.119%RISEx94.740+0.126%BloFin94.740+0.126%Ondo Perps94.750+0.137%
QFEX
Paradex
ApeX Omni
Extended
Arcus
Gate
Bitget
OKX
Aster
Bybit
Coinbase International
Pacifica
Variational Omni
RISEx
BloFin
Ondo PerpsDeribit94.750+0.137%
SoDEX94.754+0.141%KuCoin94.770+0.158%Orderly94.770+0.158%Aevo94.776+0.164%edgeX94.810+0.200%Phoenix94.817+0.207%Injective95.180+0.591%
SoDEX
KuCoin
Orderly
Aevo
Phoenix
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance CRCLUSDT | −0.136% | +0.0171% | 8h | $107.0M | $352.0M | 50x | as long as short |
| tradeXYZ xyz:CRCL | −0.135% | +0.0074% | 1h | $71.2M | $39.9M | 10x | as long as short |
| Lighter RH CRCL | −0.128% | +0.0032% | 1h | $794K | $2.7M | 10x | as long as short |
| Nado CRCL-PERP | −0.121% | +0.0296% | 1h | $132K | $78K | 3x | as long as short |
| Phemex CRCLUSDT | −0.116% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.084% | +0.0038% | 1h | — | $45K | 25x | as long as short |
| Lighter CRCL | −0.082% | +0.0264% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Aftermath Perps CRCLUSD | −0.078% | +0.0298% | 1h | $2K | $13K | 5x | as long as short |
| Polymarket Perps CRCL-USDshort | −0.069% | +0.0050% | 1h | $357K | $1.1M | 10x | |
| QFEX CRCL-USD | −0.063% | +0.0049% | 1h | $1.4M | $2.6M | 10x | as long as short |