Spread before costs (cost unknown: a leg has no order-book sample)−0.081%
7d average—if it closes, per $10,000$8funding while held, a day−$2.03
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX CRCLUSDC | 93.794 | 0.0118 | pay 0.0059% / 4h | 2h 09m | $24K | $266K | 10x |
| Short | SoDEX CRCL-USD | 93.718 | 0.0050 | get 0.0006% / 1h | 9m 58s | $47K | $3K | 10x |
SoDEX 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
- −$8.1
- Funding while held
- −$2.03
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$27.13
- Spread needed to break even
- 0.170%
Slippage unknown: edgeX: live order book, 29 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0068%
- Per $10,000 a day
- −$2.03
- 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, 29 min ago | 6.37 bp | 11.7 bp −$12 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps93.540cheapestApeX Omni93.570+0.032%Phoenix93.586+0.049%Vest93.590+0.053%Nado93.654+0.121%Bybit93.660+0.128%tradeXYZ93.667+0.136%Phemex93.670+0.139%Binance93.680+0.150%OKX93.680+0.150%Bitget93.680+0.150%Coinbase International93.700+0.171%
Ondo Perps
ApeX Omni
Phoenix
Vest
Nado
Bybit
tradeXYZ
Phemex
Binance
OKX
Bitget
Coinbase InternationalSoDEX93.718+0.190%
Lighter RH93.733+0.206%Pacifica93.740+0.214%KuCoin93.740+0.214%Polymarket Perps93.745+0.219%Aster93.750+0.225%Gate93.750+0.225%BloFin93.750+0.225%Variational Omni93.753+0.228%Paradex93.765+0.241%Lighter93.768+0.244%Arcus93.770+0.246%RISEx93.779+0.256%Extended93.783+0.259%Aftermath Perps93.788+0.265%Aevo93.789+0.266%QFEX93.790+0.267%Deribit93.790+0.267%Orderly93.800+0.278%Injective94.150+0.652%
Lighter RH
Pacifica
KuCoin
Polymarket Perps
Aster
Gate
BloFin
Variational Omni
Paradex
Lighter
Arcus
RISEx
Extended
Aevo
QFEX
Deribit
Orderly
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.P | −0.271% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.239% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Phoenix CRCL | −0.222% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.218% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERP | −0.150% | +0.0328% | 1h | $131K | $67K | 3x | as long as short |
| Bybit CRCLUSDT | −0.143% | +0.0067% | 8h | $15.4M | $23.8M | 50x | as long as short |
| tradeXYZ xyz:CRCL | −0.135% | +0.0109% | 1h | $70.9M | $40.1M | 10x | as long as short |
| Phemex CRCLUSDT | −0.132% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Binance CRCLUSDT | −0.122% | +0.0158% | 8h | $106.4M | $362.3M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | −0.122% | +0.0247% | 8h | $22.6M | $56.6M | 50x | as long as short |