Spread before costs (cost unknown: a leg has no order-book sample)+0.011%
7d average—if it closes, per $10,000$1funding while held, a day+$2.69
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CRCL_USDT | 94.070 | 0 | get 0.0000% / 8h | 6h 29m | $7.1M | $25.8M | 50x |
| Short | Paradex CRCL-USD-PERP | 94.081 | 0.0090 | get 0.0090% / 8h | 6h 29m | $715 | $428 | 5x |
Gate CRCL_USDT
Paradex CRCL-USD-PERPPrice 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
- $1.14
- Funding while held
- $2.69
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$15.17
- Spread needed to break even
- 0.190%
Slippage unknown: Gate: live order book, 1 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0090%
- Per $10,000 a day
- +$2.69
- 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, 1 min ago | 1.06 bp | 13.1 bp −$13 | 27.7 bp −$277 | 102.7 bp −$10.3K | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.Nado93.992cheapestVest94.000+0.008%Coinbase International94.000+0.008%Polymarket Perps94.018+0.027%Ondo Perps94.030+0.040%Extended94.038+0.048%Binance94.040+0.051%Bybit94.040+0.051%tradeXYZ94.045+0.056%Pacifica94.050+0.061%ApeX Omni94.050+0.061%Orderly94.050+0.061%Aevo94.054+0.065%OKX94.060+0.072%KuCoin94.060+0.072%
Nado
Vest
Coinbase International
Polymarket Perps
Ondo Perps
Extended
Binance
Bybit
tradeXYZ
Pacifica
ApeX Omni
Orderly
Aevo
OKX
KuCoinGate94.070+0.083%
Bitget94.080+0.093%
BitgetParadex94.081+0.094%
Arcus94.090+0.104%RISEx94.095+0.109%Phoenix94.096+0.110%QFEX94.100+0.114%Lighter RH94.109+0.124%Phemex94.120+0.136%SoDEX94.123+0.139%Aster94.125+0.141%Aftermath Perps94.148+0.165%Deribit94.150+0.168%Lighter94.155+0.173%BloFin94.310+0.338%Variational Omni94.340+0.370%edgeX94.439+0.475%Injective94.880+0.944%
Arcus
RISEx
Phoenix
QFEX
Lighter RH
Phemex
SoDEX
Aster
Deribit
Lighter
BloFin
Variational Omni
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado CRCL-PERP | −0.082% | +0.0327% | 1h | $131K | $67K | 3x | as long as short |
| Vest CRCL-USD-PERP | −0.074% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.074% | +0.0096% | 1h | $939K | $790K | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.055% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.043% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.034% | +0.0160% | 1h | $1.2M | $3.2M | 10x | as long as short |
| Binance CRCLUSDT | −0.032% | +0.0162% | 8h | $107.1M | $360.2M | 50x | as long as short |
| Bybit CRCLUSDT | −0.032% | +0.0114% | 8h | $15.6M | $23.6M | 50x | as long as short |
| tradeXYZ xyz:CRCL | −0.027% | +0.0130% | 1h | $71.1M | $40.0M | 10x | as long as short |
| Pacifica CRCL | −0.021% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CRCLUSDT | −0.021% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.021% | +0.0100% | 8h | $938 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | −0.017% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| OKX CRCL-USDT-SWAP | −0.011% | +0.0231% | 8h | $22.7M | $56.2M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.011% | +0.0293% | 8h | $2.9M | $1.5M | 20x | as long as short |
| Gate CRCL_USDTlong | 0.000% | 0.0000% | 8h | $7.1M | $25.8M | 50x | |
| Bitget CRCLUSDT | +0.011% | +0.0310% | 8h | $16.8M | $33.2M | 25x | as long as short |
| Paradex CRCL-USD-PERPshort | +0.011% | +0.0090% | 8h | $715 | $428 | 5x | |
| Arcus CRCL-USD | +0.021% | +0.0586% | 1h | $104K | $252K | 10x | as long as short |
| RISEx CRCL/USDC | +0.027% | +0.0140% | 1h | $406K | $316K | 10x | as long as short |
| Phoenix CRCL | +0.028% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| QFEX CRCL-USD | +0.032% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Lighter RH CRCL | +0.041% | +0.0032% | 1h | $793K | $2.7M | 10x | as long as short |
| Phemex CRCLUSDT | +0.053% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| SoDEX CRCL-USD | +0.056% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Aster CRCLUSDT | +0.059% | +0.0144% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Aftermath Perps CRCLUSD | +0.082% | +0.0359% | 1h | $2K | $14K | 5x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.085% | +0.0600% | 1h | $4K | $802K | 10x | as long as short |
| Lighter CRCL | +0.090% | +0.0296% | 1h | $2.9M | $2.0M | 10x | as long as short |
| BloFin CRCL-USDT | +0.255% | +0.0283% | 8h | $1.1M | $589K | 20x | as long as short |
| Variational Omni CRCL | +0.287% | +0.0097% | 8h | $2.5M | $3.2M | — | as long as short |
| edgeX CRCLUSDC | +0.392% | +0.0397% | 4h | $24K | $266K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.861% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |