After costs, if the gap returns to its 7d average, $10k−$50
spread now−0.140%7d average−0.010%fees + slippage, in and out−$37spread needed0.375%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX CRCLUSDC | 93.960 | 0.0652 | pay 0.0326% / 4h | 1h 19m | $24K | $266K | 10x |
| Short | Nado CRCL-PERP | 93.828 | 0.0332 | get 0.0041% / 1h | 19m 06s | $131K | $67K | 3x |
Nado CRCL-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
- −$13.95
- Funding while held
- −$9.6
- Slippage, 4 orders
- −$21.47
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$61.02
- Spread needed to break even
- 0.375%
Slippage from edgeX: live order book, 15 min ago; Nado: live order book, 15 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0320%
- Per $10,000 a day
- −$9.60
- 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, 15 min ago | 6.38 bp | 11.7 bp −$12 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell Nado live order book, 15 min ago | 1.59 bp | 7.1 bp −$7 | 22.1 bp −$221 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Vest93.790cheapest
VestNado93.828+0.041%
Coinbase International93.850+0.064%tradeXYZ93.856+0.070%Ondo Perps93.870+0.085%Polymarket Perps93.888+0.104%Pacifica93.890+0.107%SoDEX93.895+0.112%Gate93.900+0.117%KuCoin93.900+0.117%Lighter RH93.904+0.122%Extended93.906+0.123%Paradex93.906+0.123%Binance93.910+0.128%Bybit93.910+0.128%Deribit93.910+0.128%BloFin93.910+0.128%Arcus93.920+0.139%Bitget93.920+0.139%Aevo93.925+0.144%Variational Omni93.928+0.147%OKX93.930+0.149%QFEX93.930+0.149%Orderly93.930+0.149%Phemex93.930+0.149%RISEx93.935+0.155%Aster93.943+0.163%Lighter93.946+0.166%Phoenix93.950+0.171%Aftermath Perps93.967+0.189%ApeX Omni94.060+0.288%Injective94.420+0.672%
Coinbase International
tradeXYZ
Ondo Perps
Polymarket Perps
Pacifica
SoDEX
Gate
KuCoin
Lighter RH
Extended
Paradex
Binance
Bybit
Deribit
BloFin
Arcus
Bitget
Aevo
Variational Omni
OKX
QFEX
Orderly
Phemex
RISEx
Aster
Lighter
Phoenix
ApeX 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 | −0.180% | +0.0030% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERPshort | −0.140% | +0.0332% | 1h | $131K | $67K | 3x | |
| Coinbase International CRCL-PERP-INTX | −0.117% | +0.0120% | 1h | $940K | $742K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.110% | +0.0050% | 1h | $70.7M | $40.8M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.095% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.076% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| Pacifica CRCL | −0.074% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| SoDEX CRCL-USD | −0.069% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Gate CRCL_USDT | −0.063% | 0.0000% | 8h | $7.1M | $26.4M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.063% | +0.0218% | 8h | $2.9M | $1.6M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH CRCL | −0.059% | +0.0032% | 1h | $794K | $2.7M | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.057% | +0.0160% | 1h | $1.1M | $3.5M | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.057% | +0.0092% | 8h | $714 | $428 | 5x | as long as short |
| Binance CRCLUSDT | −0.053% | +0.0156% | 8h | $107.0M | $369.8M | 50x | as long as short |
| Bybit CRCLUSDT | −0.053% | +0.0051% | 8h | $15.0M | $24.7M | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.053% | +0.0603% | 1h | $4K | $802K | 10x | as long as short |
| BloFin CRCL-USDT | −0.053% | +0.0276% | 8h | $1.1M | $565K | 20x | as long as short |
| Arcus CRCL-USD | −0.042% | +0.0651% | 1h | $101K | $256K | 10x | as long as short |
| Bitget CRCLUSDT | −0.042% | +0.0362% | 8h | $16.8M | $33.8M | 25x | as long as short |
| Aevo CRCL-PERP | −0.037% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Variational Omni CRCL | −0.033% | +0.0103% | 8h | $2.5M | $3.2M | — | as long as short |
| OKX CRCL-USDT-SWAP | −0.031% | +0.0246% | 8h | $22.7M | $58.0M | 50x | as long as short |
| QFEX CRCL-USD | −0.031% | +0.0067% | 1h | $1.3M | $2.6M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.031% | +0.0100% | 8h | $936 | $3K | 10x | as long as short |
| Phemex CRCLUSDT | −0.031% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| RISEx CRCL/USDC | −0.026% | +0.0163% | 1h | $402K | $316K | 10x | as long as short |
| Aster CRCLUSDT | −0.018% | +0.0139% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Lighter CRCL | −0.014% | +0.0288% | 1h | $2.9M | $2.1M | 10x | as long as short |
| Phoenix CRCL | −0.010% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| edgeX CRCLUSDClong | 0.000% | +0.0652% | 4h | $24K | $266K | 10x | |
| Aftermath Perps CRCLUSD | +0.008% | +0.0354% | 1h | $2K | $15K | 5x | as long as short |
| ApeX Omni CRCLUSDT | +0.107% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Injective CRCL/USDC PERP | +0.490% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |