After costs, if the gap returns to its 7d average, $10k−$47
spread now−0.163%7d average+0.013%fees + slippage, in and out−$30spread needed0.297%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CRCL_24_5-USD | 98.090 | 0.0320 | pay 0.0040% / 1h | 30m 32s | $1.2M | $3.0M | 10x |
| Short | Deribit CRCL_USDC-PERPETUAL | 97.930 | 0.0465 | get 0.0058% / 1h | 30m 32s | $1K | $433K | 10x |
Extended CRCL_24_5-USD
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
- −$16.29
- Funding while held
- $4.36
- Slippage, 4 orders
- −$17.7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$41.64
- Spread needed to break even
- 0.297%
Slippage from Extended: live order book, 5 min ago; Deribit: live order book, 25 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0145%
- Per $10,000 a day
- +$4.36
- 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 Extended live order book, 5 min ago | 0.51 bp | 5.3 bp −$5 | 25.8 bp −$258 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 25 min ago | 6.14 bp | 9.6 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Phoenix97.485cheapestApeX Omni97.570+0.087%Aftermath Perps97.613+0.131%Variational Omni97.616+0.134%edgeX97.713+0.234%SoDEX97.762+0.284%Coinbase International97.790+0.313%Phemex97.790+0.313%BloFin97.860+0.385%Orderly97.870+0.395%Aevo97.920+0.446%
Phoenix
ApeX Omni
Variational Omni
SoDEX
Coinbase International
Phemex
BloFin
Orderly
AevoDeribit97.930+0.456%
Aster98.028+0.557%Ondo Perps98.040+0.569%Arcus98.060+0.590%KuCoin98.070+0.600%Pacifica98.080+0.610%Injective98.080+0.610%
Aster
Ondo Perps
Arcus
KuCoin
Pacifica
InjectiveExtended98.090+0.620%
Vest98.090+0.621%QFEX98.100+0.631%Nado98.105+0.636%Polymarket Perps98.106+0.637%Paradex98.106+0.637%tradeXYZ98.119+0.650%Bybit98.130+0.662%Gate98.130+0.662%Lighter RH98.140+0.672%Binance98.140+0.672%Lighter98.150+0.682%OKX98.150+0.682%RISEx98.175+0.708%Bitget98.180+0.713%
Vest
QFEX
Nado
Polymarket Perps
Paradex
tradeXYZ
Bybit
Gate
Lighter RH
Binance
Lighter
OKX
RISEx
BitgetCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix CRCL | −0.617% | +0.0230% | 1h | $5K | $33K | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.530% | +0.0100% | 1h | $71K | $8K | 50x | as long as short |
| Aftermath Perps CRCLUSD | −0.486% | +0.0043% | 1h | $2K | $8K | 5x | as long as short |
| Variational Omni CRCL | −0.483% | +0.0226% | 8h | $2.9M | $1.7M | — | as long as short |
| edgeX CRCLUSDC | −0.384% | +0.0603% | 4h | $22K | $247K | 10x | as long as short |
| SoDEX CRCL-USD | −0.334% | +0.0050% | 1h | $49K | $3K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.306% | +0.0040% | 1h | $966K | $725K | 10x | as long as short |
| Phemex CRCLUSDT | −0.306% | 0.0000% | 4h | $1.1M | $46K | 10x | as long as short |
| BloFin CRCL-USDT | −0.234% | +0.0441% | 8h | $1.2M | $456K | 20x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.224% | +0.0100% | 8h | $2K | $2K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo CRCL-PERP | −0.173% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUALshort | −0.163% | +0.0465% | 1h | $1K | $433K | 10x | |
| Aster CRCLUSDT | −0.063% | +0.0361% | 8h | $1.5M | $1.4M | 20x | as long as short |
| Ondo Perps CRCL-USD.P | −0.051% | +0.0050% | 1h | $1.1M | $4.4M | 10x | as long as short |
| Arcus CRCL-USD | −0.030% | +0.0369% | 1h | $128K | $160K | 10x | as long as short |
| KuCoin CRCLUSDTM | −0.020% | +0.0100% | 8h | $2.9M | $843K | 20x | as long as short |
| Pacifica CRCL | −0.010% | +0.0100% | 1h | $103K | $53K | 10x | as long as short |
| Injective CRCL/USDC PERP | −0.010% | +0.0440% | 1h | $5K | $87K | 30x | as long as short |
| Extended CRCL_24_5-USDlong | 0.000% | +0.0320% | 1h | $1.2M | $3.0M | 10x | |
| Vest CRCL-USD-PERP | 0.000% | +0.0068% | 1h | — | $21K | 25x | as long as short |
| QFEX CRCL-USD | +0.010% | +0.0057% | 1h | $1.3M | $2.5M | 10x | as long as short |
| Nado CRCL-PERP | +0.016% | +0.0255% | 1h | $133K | $70K | 3x | as long as short |
| Polymarket Perps CRCL-USD | +0.016% | +0.0050% | 1h | $378K | $1.0M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.017% | +0.0122% | 8h | $746 | $428 | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.030% | +0.0130% | 1h | $74.3M | $22.6M | 10x | as long as short |
| Bybit CRCLUSDT | +0.041% | +0.0136% | 8h | $15.6M | $13.2M | 50x | as long as short |
| Gate CRCL_USDT | +0.041% | 0.0000% | 8h | $8.2M | $17.2M | 50x | as long as short |
| Lighter RH CRCL | +0.051% | +0.0032% | 1h | $868K | $1.5M | 10x | as long as short |
| Binance CRCLUSDT | +0.051% | +0.0323% | 8h | $111.1M | $201.1M | 50x | as long as short |
| Lighter CRCL | +0.061% | +0.0248% | 1h | $3.2M | $1.4M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.061% | +0.0258% | 8h | $23.6M | $35.7M | 50x | as long as short |
| RISEx CRCL/USDC | +0.087% | +0.0589% | 1h | $423K | $265K | 10x | as long as short |
| Bitget CRCLUSDT | +0.092% | +0.0197% | 8h | $17.4M | $22.8M | 25x | as long as short |