Spread before costs (cost unknown: a leg has no order-book sample)−0.244%
7d average—if it closes, per $10,000$24funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CRCL_USDT | 94.110 | 0 | get 0.0000% / 8h | 5h 45m | $7.1M | $26.1M | 50x |
| Short | ApeX Omni CRCLUSDT | 93.880 | 0.0100 | get 0.0013% / 1h | 45m 47s | $69K | $5K | 50x |
Gate CRCL_USDT
ApeX Omni 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
- −$24.44
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$46.44
- Spread needed to break even
- 0.250%
Slippage unknown: Gate: live order book, 4 min ago; ApeX Omni: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 Gate live order book, 4 min ago | 1.60 bp | 11.1 bp −$11 | 23.9 bp −$239 | 88.5 bp −$8,846 | doesn't fit |
| Sell ApeX Omni no order-book sample | — | — | — | — | — |
ApeX Omni: 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.Phoenix93.860cheapest
PhoenixApeX Omni93.880+0.021%
Ondo Perps93.900+0.043%Aftermath Perps93.926+0.071%Vest93.930+0.075%Nado93.937+0.082%Variational Omni93.977+0.125%edgeX93.983+0.132%Coinbase International93.990+0.139%Phemex94.000+0.149%BloFin94.000+0.149%Pacifica94.010+0.160%Arcus94.010+0.160%Paradex94.023+0.174%QFEX94.030+0.181%Deribit94.030+0.181%SoDEX94.048+0.200%RISEx94.050+0.203%Lighter RH94.056+0.209%Polymarket Perps94.068+0.222%Orderly94.070+0.224%Aevo94.076+0.230%Aster94.108+0.264%tradeXYZ94.108+0.264%Lighter94.110+0.266%
Ondo Perps
Vest
Nado
Variational Omni
Coinbase International
Phemex
BloFin
Pacifica
Arcus
Paradex
QFEX
Deribit
SoDEX
RISEx
Lighter RH
Polymarket Perps
Orderly
Aevo
Aster
tradeXYZ
LighterGate94.110+0.266%
Extended94.113+0.270%KuCoin94.120+0.277%Binance94.140+0.298%Bitget94.140+0.298%Bybit94.160+0.320%OKX94.170+0.330%Injective94.590+0.778%
Extended
KuCoin
Binance
Bitget
Bybit
OKX
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix CRCL | −0.266% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| ApeX Omni CRCLUSDTshort | −0.244% | +0.0100% | 1h | $69K | $5K | 50x | |
| Ondo Perps CRCL-USD.P | −0.223% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Aftermath Perps CRCLUSD | −0.195% | +0.0360% | 1h | $2K | $15K | 5x | as long as short |
| Vest CRCL-USD-PERP | −0.191% | +0.0036% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERP | −0.183% | +0.0297% | 1h | $131K | $68K | 3x | as long as short |
| Variational Omni CRCL | −0.141% | +0.0096% | 8h | $2.5M | $3.2M | — | as long as short |
| edgeX CRCLUSDC | −0.134% | +0.0066% | 4h | $24K | $266K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.128% | +0.0120% | 1h | $942K | $743K | 10x | as long as short |
| Phemex CRCLUSDT | −0.117% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin CRCL-USDT | −0.117% | +0.0268% | 8h | $1.1M | $597K | 20x | as long as short |
| Pacifica CRCL | −0.106% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Arcus CRCL-USD | −0.106% | +0.0651% | 1h | $101K | $255K | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.092% | +0.0085% | 8h | $715 | $428 | 5x | as long as short |
| QFEX CRCL-USD | −0.085% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.085% | +0.0389% | 1h | $4K | $802K | 10x | as long as short |
| SoDEX CRCL-USD | −0.066% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| RISEx CRCL/USDC | −0.064% | +0.0163% | 1h | $402K | $315K | 10x | as long as short |
| Lighter RH CRCL | −0.057% | +0.0032% | 1h | $795K | $2.7M | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.045% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.043% | +0.0100% | 8h | $938 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | −0.036% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Aster CRCLUSDT | −0.002% | +0.0136% | 8h | $1.1M | $4.6M | 20x | as long as short |
| tradeXYZ xyz:CRCL | −0.002% | +0.0054% | 1h | $70.8M | $40.7M | 10x | as long as short |
| Lighter CRCL | 0.000% | +0.0264% | 1h | $2.9M | $2.1M | 10x | as long as short |
| Gate CRCL_USDTlong | 0.000% | 0.0000% | 8h | $7.1M | $26.1M | 50x | |
| Extended CRCL_24_5-USD | +0.004% | +0.0152% | 1h | $1.1M | $3.5M | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.011% | +0.0245% | 8h | $2.9M | $1.6M | 20x | as long as short |
| Binance CRCLUSDT | +0.032% | +0.0149% | 8h | $107.1M | $367.1M | 50x | as long as short |
| Bitget CRCLUSDT | +0.032% | +0.0333% | 8h | $16.8M | $33.6M | 25x | as long as short |
| Bybit CRCLUSDT | +0.053% | +0.0046% | 8h | $15.0M | $24.6M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | +0.064% | +0.0235% | 8h | $22.7M | $57.8M | 50x | as long as short |
| Injective CRCL/USDC PERP | +0.510% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |