After costs, if the gap returns to its 7d average, $10k−$81
spread now+0.082%7d average+0.021%fees + slippage, in and out−$87spread needed0.869%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CRCL_24_5-USD | 99.418 | 0.0320 | pay 0.0040% / 1h | 28m 59s | $1.2M | $3.0M | 10x |
| Short | Phemex CRCLUSDT | 99.500 | 0 | get 0.0000% / 4h | 2h 28m | $1.1M | $46K | 10x |
Extended CRCL_24_5-USD
Phemex CRCLUSDTPrice 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
- $8.23
- Funding while held
- −$9.6
- Slippage, 4 orders
- −$69.87
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$88.24
- Spread needed to break even
- 0.869%
Slippage from Extended: live order book, 1 min ago; Phemex: live order book, 5 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 Extended live order book, 1 min ago | 0.76 bp | 5.2 bp −$5 | 34.5 bp −$345 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.53 bp | 38.7 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni97.616cheapestedgeX97.713+0.099%Aftermath Perps97.815+0.204%ApeX Omni97.830+0.219%Phoenix98.073+0.468%Paradex98.117+0.513%KuCoin98.190+0.588%Pacifica98.300+0.701%QFEX98.330+0.731%Polymarket Perps98.591+0.999%Arcus98.620+1.029%Nado98.924+1.340%Vest98.930+1.346%Injective99.130+1.551%Ondo Perps99.330+1.756%Coinbase International99.360+1.787%
Variational Omni
ApeX Omni
Phoenix
Paradex
KuCoin
Pacifica
QFEX
Polymarket Perps
Arcus
Nado
Vest
Injective
Ondo Perps
Coinbase InternationalExtended99.418+1.846%
SoDEX99.430+1.858%RISEx99.472+1.901%Gate99.480+1.910%Aevo99.495+1.925%Orderly99.500+1.930%
SoDEX
RISEx
Gate
Aevo
OrderlyPhemex99.500+1.930%
BloFin99.560+1.992%Aster99.592+2.025%Lighter99.618+2.051%Lighter RH99.638+2.071%tradeXYZ99.673+2.107%Bybit99.710+2.145%Deribit99.760+2.196%Bitget99.790+2.227%OKX99.820+2.258%Binance99.940+2.381%
BloFin
Aster
Lighter
Lighter RH
tradeXYZ
Bybit
Deribit
Bitget
OKX
BinanceCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni CRCL | −1.813% | +0.0226% | 8h | $2.9M | $1.7M | — | as long as short |
| edgeX CRCLUSDC | −1.715% | +0.0603% | 4h | $22K | $247K | 10x | as long as short |
| Aftermath Perps CRCLUSD | −1.612% | +0.0043% | 1h | $2K | $8K | 5x | as long as short |
| ApeX Omni CRCLUSDT | −1.597% | +0.0100% | 1h | $71K | $8K | 50x | as long as short |
| Phoenix CRCL | −1.353% | +0.0230% | 1h | $5K | $33K | 10x | as long as short |
| Paradex CRCL-USD-PERP | −1.309% | +0.0122% | 8h | $746 | $428 | 5x | as long as short |
| KuCoin CRCLUSDTM | −1.235% | +0.0100% | 8h | $2.9M | $844K | 20x | as long as short |
| Pacifica CRCL | −1.125% | +0.0100% | 1h | $103K | $53K | 10x | as long as short |
| QFEX CRCL-USD | −1.095% | +0.0057% | 1h | $1.4M | $2.5M | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.832% | +0.0050% | 1h | $400K | $1.1M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus CRCL-USD | −0.803% | +0.0369% | 1h | $129K | $161K | 10x | as long as short |
| Nado CRCL-PERP | −0.497% | +0.0265% | 1h | $134K | $71K | 3x | as long as short |
| Vest CRCL-USD-PERP | −0.491% | +0.0066% | 1h | — | $21K | 25x | as long as short |
| Injective CRCL/USDC PERP | −0.290% | +0.0440% | 1h | $5K | $87K | 30x | as long as short |
| Ondo Perps CRCL-USD.P | −0.089% | +0.0050% | 1h | $1.1M | $4.7M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.059% | +0.0040% | 1h | $971K | $750K | 10x | as long as short |
| Extended CRCL_24_5-USDlong | 0.000% | +0.0320% | 1h | $1.2M | $3.0M | 10x | |
| SoDEX CRCL-USD | +0.012% | +0.0114% | 1h | $50K | $3K | 10x | as long as short |
| RISEx CRCL/USDC | +0.054% | +0.0589% | 1h | $472K | $302K | 10x | as long as short |
| Gate CRCL_USDT | +0.062% | 0.0000% | 8h | $8.3M | $17.3M | 50x | as long as short |
| Aevo CRCL-PERP | +0.078% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.082% | +0.0100% | 8h | $2K | $2K | 10x | as long as short |
| Phemex CRCLUSDTshort | +0.082% | 0.0000% | 4h | $1.1M | $46K | 10x | |
| BloFin CRCL-USDT | +0.143% | +0.0443% | 8h | $1.2M | $469K | 20x | as long as short |
| Aster CRCLUSDT | +0.175% | +0.0365% | 8h | $1.6M | $1.5M | 20x | as long as short |
| Lighter CRCL | +0.201% | +0.0392% | 1h | $3.2M | $1.4M | 10x | as long as short |
| Lighter RH CRCL | +0.221% | +0.0104% | 1h | $925K | $1.7M | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.256% | +0.0143% | 1h | $76.2M | $23.5M | 10x | as long as short |
| Bybit CRCLUSDT | +0.294% | +0.0137% | 8h | $15.9M | $13.7M | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.344% | +0.2464% | 1h | $5K | $437K | 10x | as long as short |
| Bitget CRCLUSDT | +0.374% | +0.0198% | 8h | $17.4M | $23.8M | 25x | as long as short |
| OKX CRCL-USDT-SWAP | +0.404% | +0.0290% | 8h | $23.8M | $39.0M | 50x | as long as short |
| Binance CRCLUSDT | +0.525% | +0.0323% | 8h | $113.2M | $211.8M | 50x | as long as short |