After costs, if the gap returns to its 7d average, $10k−$48
spread now−0.020%7d average−0.006%fees + slippage, in and out−$46spread needed0.462%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CRCL_USDT | 97.820 | 0 | get 0.0000% / 8h | 2h 33m | $8.2M | $17.1M | 50x |
| Short | Bitget CRCLUSDT | 97.800 | 0.0192 | get 0.0192% / 8h | 2h 33m | $17.3M | $22.7M | 25x |
Gate CRCL_USDT
Bitget 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
- −$2.04
- Funding while held
- $5.76
- Slippage, 4 orders
- −$19.16
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$42.44
- Spread needed to break even
- 0.462%
Slippage from Gate: live order book, 2 min ago; Bitget: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0192%
- Per $10,000 a day
- +$5.76
- 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, 2 min ago | 1.02 bp | 12.4 bp −$12 | 26.3 bp −$263 | 103.0 bp −$10.3K | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.54 bp | 10.2 bp −$10 | 13.6 bp −$136 | 55.2 bp −$5,520 | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International97.300cheapestDeribit97.430+0.134%Polymarket Perps97.445+0.149%Variational Omni97.445+0.149%Aftermath Perps97.466+0.170%Orderly97.480+0.185%Phoenix97.485+0.190%ApeX Omni97.490+0.195%Nado97.505+0.210%Aevo97.521+0.227%SoDEX97.542+0.249%Phemex97.560+0.267%Vest97.580+0.288%edgeX97.587+0.295%BloFin97.640+0.349%KuCoin97.680+0.391%Extended97.696+0.407%Aster97.700+0.411%Ondo Perps97.700+0.411%Arcus97.700+0.411%tradeXYZ97.733+0.445%Binance97.742+0.454%RISEx97.749+0.461%Bybit97.750+0.462%OKX97.760+0.473%Paradex97.776+0.489%Pacifica97.786+0.500%QFEX97.800+0.514%
Coinbase International
Deribit
Polymarket Perps
Variational Omni
Orderly
Phoenix
ApeX Omni
Nado
Aevo
SoDEX
Phemex
Vest
BloFin
KuCoin
Extended
Aster
Ondo Perps
Arcus
tradeXYZ
Binance
RISEx
Bybit
OKX
Paradex
Pacifica
QFEXBitget97.800+0.514%
Lighter RH97.803+0.517%
Lighter RHGate97.820+0.534%
Lighter97.833+0.548%Injective98.080+0.802%
Lighter
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 | −0.532% | +0.0040% | 1h | $961K | $722K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.399% | 0.0000% | 1h | $1K | $424K | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.383% | +0.0050% | 1h | $375K | $1.0M | 10x | as long as short |
| Variational Omni CRCL | −0.383% | +0.0219% | 8h | $2.9M | $1.7M | — | as long as short |
| Aftermath Perps CRCLUSD | −0.362% | +0.0046% | 1h | $1K | $8K | 5x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.348% | +0.0100% | 8h | $2K | $2K | 10x | as long as short |
| Phoenix CRCL | −0.342% | +0.0230% | 1h | $5K | $33K | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.337% | +0.0100% | 1h | $71K | $8K | 50x | as long as short |
| Nado CRCL-PERP | −0.322% | +0.0261% | 1h | $132K | $70K | 3x | as long as short |
| Aevo CRCL-PERP | −0.305% | +0.0104% | 1h | $4 | — | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX CRCL-USD | −0.284% | +0.0050% | 1h | $49K | $3K | 10x | as long as short |
| Phemex CRCLUSDT | −0.266% | 0.0000% | 4h | $1.1M | $46K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.245% | +0.0076% | 1h | — | $21K | 25x | as long as short |
| edgeX CRCLUSDC | −0.238% | +0.0691% | 4h | $22K | $247K | 10x | as long as short |
| BloFin CRCL-USDT | −0.184% | +0.0440% | 8h | $1.2M | $449K | 20x | as long as short |
| KuCoin CRCLUSDTM | −0.143% | +0.0100% | 8h | $2.9M | $845K | 20x | as long as short |
| Extended CRCL_24_5-USD | −0.127% | +0.0320% | 1h | $1.2M | $2.9M | 10x | as long as short |
| Aster CRCLUSDT | −0.123% | +0.0358% | 8h | $1.5M | $1.3M | 20x | as long as short |
| Ondo Perps CRCL-USD.P | −0.123% | +0.0050% | 1h | $1.1M | $4.4M | 10x | as long as short |
| Arcus CRCL-USD | −0.123% | +0.0369% | 1h | $127K | $160K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.089% | +0.0139% | 1h | $74.1M | $22.6M | 10x | as long as short |
| Binance CRCLUSDT | −0.080% | +0.0318% | 8h | $110.7M | $199.3M | 50x | as long as short |
| RISEx CRCL/USDC | −0.073% | +0.0589% | 1h | $423K | $264K | 10x | as long as short |
| Bybit CRCLUSDT | −0.072% | +0.0130% | 8h | $15.5M | $13.2M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | −0.061% | +0.0255% | 8h | $23.5M | $35.4M | 50x | as long as short |
| Paradex CRCL-USD-PERP | −0.045% | +0.0123% | 8h | $743 | $428 | 5x | as long as short |
| Pacifica CRCL | −0.035% | +0.0100% | 1h | $103K | $53K | 10x | as long as short |
| QFEX CRCL-USD | −0.020% | +0.0057% | 1h | $1.3M | $2.5M | 10x | as long as short |
| Bitget CRCLUSDTshort | −0.020% | +0.0192% | 8h | $17.3M | $22.7M | 25x | |
| Lighter RH CRCL | −0.017% | +0.0032% | 1h | $870K | $1.5M | 10x | as long as short |
| Gate CRCL_USDTlong | 0.000% | 0.0000% | 8h | $8.2M | $17.1M | 50x | |
| Lighter CRCL | +0.013% | +0.0256% | 1h | $3.1M | $1.4M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.266% | +0.0440% | 1h | $5K | $87K | 30x | as long as short |