Spread before costs (cost unknown: a leg has no order-book sample)+0.201%
7d average—if it closes, per $10,000$20funding while held, a day+$2.59
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CRCL_24_5-USD | 94.587 | 0.0208 | pay 0.0026% / 1h | 31m 39s | $1.0M | $3.1M | 10x |
| Short | Phoenix CRCL | 94.777 | 0.0294 | get 0.0037% / 1h | 31m 39s | $28K | $92K | 10x |
Extended CRCL_24_5-USD
Phoenix 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
- $20.08
- Funding while held
- $2.59
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $10.66
- Spread needed to break even
- 0.120%
Slippage unknown: Extended: live order book, 4 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0086%
- Per $10,000 a day
- +$2.59
- 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, 4 min ago | 0.48 bp | 5.8 bp −$6 | 35.3 bp −$353 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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.Vest94.570cheapestDeribit94.580+0.011%SoDEX94.586+0.017%
Vest
Deribit
SoDEXExtended94.587+0.018%
Nado94.590+0.021%Orderly94.600+0.032%tradeXYZ94.605+0.037%Binance94.620+0.053%Arcus94.620+0.053%Paradex94.628+0.061%Aevo94.630+0.063%OKX94.630+0.063%Aster94.631+0.065%Variational Omni94.636+0.070%Lighter RH94.637+0.071%Pacifica94.639+0.073%Bitget94.640+0.074%Phemex94.640+0.074%Bybit94.650+0.085%Ondo Perps94.650+0.085%Polymarket Perps94.655+0.090%KuCoin94.660+0.095%Gate94.670+0.106%Lighter94.687+0.124%QFEX94.690+0.127%Coinbase International94.700+0.137%RISEx94.710+0.148%BloFin94.720+0.159%ApeX Omni94.730+0.169%Aftermath Perps94.739+0.179%edgeX94.761+0.202%
Nado
Orderly
tradeXYZ
Binance
Arcus
Paradex
Aevo
OKX
Aster
Variational Omni
Lighter RH
Pacifica
Bitget
Phemex
Bybit
Ondo Perps
Polymarket Perps
KuCoin
Gate
Lighter
QFEX
Coinbase International
RISEx
BloFin
ApeX OmniPhoenix94.777+0.219%
Injective95.530+1.015%
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 | −0.018% | +0.0046% | 1h | — | $41K | 25x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.007% | 0.0000% | 1h | $4K | $801K | 10x | as long as short |
| SoDEX CRCL-USD | −0.001% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Extended CRCL_24_5-USDlong | 0.000% | +0.0208% | 1h | $1.0M | $3.1M | 10x | |
| Nado CRCL-PERP | +0.003% | +0.0288% | 1h | $132K | $79K | 3x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.014% | +0.0100% | 8h | $943 | $3K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.019% | +0.0050% | 1h | $71.7M | $39.6M | 10x | as long as short |
| Binance CRCLUSDT | +0.035% | +0.0207% | 8h | $107.3M | $335.2M | 50x | as long as short |
| Arcus CRCL-USD | +0.035% | +0.0063% | 1h | $110K | $252K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.043% | +0.0086% | 8h | $719 | $428 | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo CRCL-PERP | +0.045% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.045% | +0.0207% | 8h | $22.6M | $53.2M | 50x | as long as short |
| Aster CRCLUSDT | +0.047% | +0.0199% | 8h | $1.1M | $4.4M | 20x | as long as short |
| Variational Omni CRCL | +0.052% | +0.0148% | 8h | $2.4M | $2.7M | — | as long as short |
| Lighter RH CRCL | +0.053% | +0.0032% | 1h | $816K | $2.6M | 10x | as long as short |
| Pacifica CRCL | +0.055% | +0.0100% | 1h | $89K | $90K | 10x | as long as short |
| Bitget CRCLUSDT | +0.056% | +0.0267% | 8h | $16.4M | $32.0M | 25x | as long as short |
| Phemex CRCLUSDT | +0.056% | 0.0000% | 4h | $1.0M | $47K | 10x | as long as short |
| Bybit CRCLUSDT | +0.067% | +0.0148% | 8h | $16.0M | $22.0M | 50x | as long as short |
| Ondo Perps CRCL-USD.P | +0.067% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.072% | +0.0050% | 1h | $357K | $1.1M | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.077% | +0.0214% | 8h | $2.9M | $1.3M | 20x | as long as short |
| Gate CRCL_USDT | +0.088% | 0.0000% | 8h | $7.1M | $24.6M | 50x | as long as short |
| Lighter CRCL | +0.106% | +0.0168% | 1h | $2.9M | $2.0M | 10x | as long as short |
| QFEX CRCL-USD | +0.109% | +0.0046% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.119% | +0.0088% | 1h | $931K | $748K | 10x | as long as short |
| RISEx CRCL/USDC | +0.130% | +0.0101% | 1h | $405K | $334K | 10x | as long as short |
| BloFin CRCL-USDT | +0.141% | +0.0331% | 8h | $1.1M | $511K | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.151% | +0.0100% | 1h | $70K | $8K | 50x | as long as short |
| Aftermath Perps CRCLUSD | +0.161% | +0.0301% | 1h | $2K | $12K | 5x | as long as short |
| edgeX CRCLUSDC | +0.184% | +0.0911% | 4h | $21K | $262K | 10x | as long as short |
| Phoenix CRCLshort | +0.201% | +0.0294% | 1h | $28K | $92K | 10x | |
| Injective CRCL/USDC PERP | +0.997% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |