After costs, if the gap returns to its 7d average, $10k−$23
spread now+0.090%7d average+0.117%fees + slippage, in and out−$21spread needed0.206%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CRCL_24_5-USD | 96.809 | 0.0272 | pay 0.0034% / 1h | 29m 47s | $1.4M | $2.7M | 10x |
| Short | Lighter CRCL | 96.896 | 0.0424 | get 0.0053% / 1h | 29m 47s | $3.1M | $2.0M | 10x |
Extended CRCL_24_5-USD
Lighter CRCLPrice 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
- $9.02
- Funding while held
- $4.56
- Slippage, 4 orders
- −$15.58
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$7
- Spread needed to break even
- 0.206%
Slippage from Extended: live order book, 5 min ago; Lighter: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0152%
- Per $10,000 a day
- +$4.56
- 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 | 0.47 bp | 5.2 bp −$5 | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.22 bp | 5.1 bp −$5 | 13.0 bp −$130 | 43.3 bp −$4,329 | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International96.700cheapestOndo Perps96.710+0.010%Nado96.731+0.032%Deribit96.780+0.083%SoDEX96.785+0.088%ApeX Omni96.790+0.093%tradeXYZ96.797+0.100%Orderly96.800+0.103%
Coinbase International
Ondo Perps
Nado
Deribit
SoDEX
ApeX Omni
tradeXYZ
OrderlyExtended96.809+0.112%
Variational Omni96.810+0.114%Polymarket Perps96.811+0.115%Aevo96.820+0.124%Arcus96.820+0.124%Gate96.830+0.134%BloFin96.830+0.134%Paradex96.832+0.136%Aster96.841+0.146%Lighter RH96.848+0.153%Binance96.850+0.155%QFEX96.850+0.155%Aftermath Perps96.853+0.158%Pacifica96.858+0.164%Bitget96.860+0.165%KuCoin96.870+0.176%Phemex96.880+0.186%OKX96.890+0.196%RISEx96.890+0.196%
Variational Omni
Polymarket Perps
Aevo
Arcus
Gate
BloFin
Paradex
Aster
Lighter RH
Binance
QFEX
Pacifica
Bitget
KuCoin
Phemex
OKX
RISExLighter96.896+0.203%
Bybit96.900+0.207%Phoenix96.911+0.218%edgeX96.953+0.261%Vest97.040+0.352%Injective97.170+0.486%
Bybit
Phoenix
Vest
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.112% | +0.0024% | 1h | $955K | $741K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.102% | +0.0050% | 1h | $1.0M | $4.3M | 10x | as long as short |
| Nado CRCL-PERP | −0.080% | +0.0277% | 1h | $121K | $65K | 3x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.030% | +0.0474% | 1h | $1K | $410K | 10x | as long as short |
| SoDEX CRCL-USD | −0.024% | +0.0050% | 1h | $49K | $3K | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.019% | +0.0100% | 1h | $70K | $34K | 50x | as long as short |
| tradeXYZ xyz:CRCL | −0.012% | +0.0157% | 1h | $73.1M | $22.6M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.009% | +0.0100% | 8h | $2K | $2K | 10x | as long as short |
| Extended CRCL_24_5-USDlong | 0.000% | +0.0272% | 1h | $1.4M | $2.7M | 10x | |
| Variational Omni CRCL | +0.001% | +0.0178% | 8h | $2.5M | $1.3M | — | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps CRCL-USD | +0.002% | +0.0050% | 1h | $380K | $1.0M | 10x | as long as short |
| Aevo CRCL-PERP | +0.012% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Arcus CRCL-USD | +0.012% | +0.0264% | 1h | $127K | $157K | 10x | as long as short |
| Gate CRCL_USDT | +0.022% | 0.0000% | 8h | $8.1M | $17.3M | 50x | as long as short |
| BloFin CRCL-USDT | +0.022% | +0.0396% | 8h | $1.2M | $435K | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.024% | +0.0132% | 8h | $736 | $428 | 5x | as long as short |
| Aster CRCLUSDT | +0.033% | +0.0321% | 8h | $1.5M | $1.2M | 20x | as long as short |
| Lighter RH CRCL | +0.041% | +0.0032% | 1h | $811K | $1.5M | 10x | as long as short |
| Binance CRCLUSDT | +0.043% | +0.0273% | 8h | $109.6M | $190.0M | 50x | as long as short |
| QFEX CRCL-USD | +0.043% | +0.0080% | 1h | $1.3M | $2.4M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.046% | +0.0053% | 1h | $1K | $7K | 5x | as long as short |
| Pacifica CRCL | +0.051% | +0.0100% | 1h | $102K | $53K | 10x | as long as short |
| Bitget CRCLUSDT | +0.053% | +0.0097% | 8h | $17.0M | $22.1M | 25x | as long as short |
| KuCoin CRCLUSDTM | +0.063% | +0.0100% | 8h | $2.9M | $849K | 20x | as long as short |
| Phemex CRCLUSDT | +0.074% | 0.0000% | 4h | $1.1M | $46K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.084% | +0.0250% | 8h | $23.3M | $34.0M | 50x | as long as short |
| RISEx CRCL/USDC | +0.084% | +0.0501% | 1h | $409K | $268K | 10x | as long as short |
| Lighter CRCLshort | +0.090% | +0.0424% | 1h | $3.1M | $2.0M | 10x | |
| Bybit CRCLUSDT | +0.094% | +0.0122% | 8h | $15.4M | $13.7M | 50x | as long as short |
| Phoenix CRCL | +0.106% | +0.0198% | 1h | $5K | $33K | 10x | as long as short |
| edgeX CRCLUSDC | +0.149% | +0.0773% | 4h | $21K | $246K | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.239% | +0.0128% | 1h | — | $21K | 25x | as long as short |
| Injective CRCL/USDC PERP | +0.373% | +0.0440% | 1h | $5K | $87K | 30x | as long as short |