After costs, if the gap returns to its 7d average, $10k−$37
spread now+0.050%7d average−0.004%fees + slippage, in and out−$42spread needed0.424%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX CRCLUSDC | 93.983 | 0.0066 | pay 0.0033% / 4h | 1h 46m | $24K | $266K | 10x |
| Short | Deribit CRCL_USDC-PERPETUAL | 94.030 | 0.0389 | get 0.0049% / 1h | 46m 18s | $4K | $802K | 10x |
Deribit CRCL_USDC-PERPETUALPrice 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
- $4.95
- Funding while held
- $9.66
- Slippage, 4 orders
- −$26.35
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$27.74
- Spread needed to break even
- 0.424%
Slippage from edgeX: live order book, 53 min ago; Deribit: live order book, 49 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0322%
- Per $10,000 a day
- +$9.66
- 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 edgeX live order book, 53 min ago | 6.37 bp | 11.7 bp −$12 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 49 min ago | 5.83 bp | 9.3 bp −$9 | 12.1 bp −$121 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Phoenix93.860cheapestApeX Omni93.880+0.021%Ondo Perps93.900+0.043%Aftermath Perps93.926+0.071%Vest93.930+0.075%Nado93.937+0.082%Variational Omni93.977+0.125%Aster93.990+0.139%Coinbase International93.990+0.139%Phemex94.000+0.149%BloFin94.000+0.149%Pacifica94.010+0.160%Arcus94.010+0.160%Paradex94.023+0.174%QFEX94.030+0.181%
Phoenix
ApeX Omni
Ondo Perps
Vest
Nado
Variational Omni
Aster
Coinbase International
Phemex
BloFin
Pacifica
Arcus
Paradex
QFEXDeribit94.030+0.181%
Lighter RH94.032+0.183%SoDEX94.048+0.200%tradeXYZ94.050+0.202%RISEx94.050+0.203%Extended94.068+0.221%Polymarket Perps94.068+0.222%Gate94.070+0.224%Orderly94.070+0.224%Aevo94.076+0.230%KuCoin94.080+0.234%Bitget94.080+0.234%Lighter94.082+0.237%Binance94.085+0.240%OKX94.100+0.256%Bybit94.110+0.266%Injective94.590+0.778%
Lighter RH
SoDEX
tradeXYZ
RISEx
Extended
Polymarket Perps
Gate
Orderly
Aevo
KuCoin
Bitget
Lighter
Binance
OKX
Bybit
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix CRCL | −0.131% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.110% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Ondo Perps CRCL-USD.P | −0.089% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Aftermath Perps CRCLUSD | −0.061% | +0.0360% | 1h | $2K | $15K | 5x | as long as short |
| Vest CRCL-USD-PERP | −0.057% | +0.0036% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERP | −0.049% | +0.0297% | 1h | $131K | $68K | 3x | as long as short |
| Variational Omni CRCL | −0.006% | +0.0096% | 8h | $2.5M | $3.2M | — | as long as short |
| edgeX CRCLUSDClong | 0.000% | +0.0066% | 4h | $24K | $266K | 10x | |
| Aster CRCLUSDT | +0.007% | +0.0136% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.007% | +0.0120% | 1h | $942K | $743K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex CRCLUSDT | +0.018% | 0.0000% | 4h | $1.0M | $46K | 10x | as long as short |
| BloFin CRCL-USDT | +0.018% | +0.0268% | 8h | $1.1M | $597K | 20x | as long as short |
| Pacifica CRCL | +0.028% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Arcus CRCL-USD | +0.028% | +0.0651% | 1h | $101K | $255K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.042% | +0.0085% | 8h | $715 | $428 | 5x | as long as short |
| QFEX CRCL-USD | +0.050% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUALshort | +0.050% | +0.0389% | 1h | $4K | $802K | 10x | |
| Lighter RH CRCL | +0.052% | +0.0032% | 1h | $795K | $2.7M | 10x | as long as short |
| SoDEX CRCL-USD | +0.069% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.071% | +0.0053% | 1h | $70.8M | $40.7M | 10x | as long as short |
| RISEx CRCL/USDC | +0.071% | +0.0163% | 1h | $402K | $315K | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.090% | +0.0152% | 1h | $1.1M | $3.5M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.090% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| Gate CRCL_USDT | +0.092% | 0.0000% | 8h | $7.1M | $26.1M | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.092% | +0.0100% | 8h | $938 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.099% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.103% | +0.0245% | 8h | $2.9M | $1.6M | 20x | as long as short |
| Bitget CRCLUSDT | +0.103% | +0.0333% | 8h | $16.8M | $33.6M | 25x | as long as short |
| Lighter CRCL | +0.105% | +0.0216% | 1h | $2.9M | $2.1M | 10x | as long as short |
| Binance CRCLUSDT | +0.108% | +0.0149% | 8h | $107.0M | $367.0M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | +0.124% | +0.0235% | 8h | $22.7M | $57.8M | 50x | as long as short |
| Bybit CRCLUSDT | +0.135% | +0.0046% | 8h | $15.0M | $24.6M | 50x | as long as short |
| Injective CRCL/USDC PERP | +0.645% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |