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Price arb /

CRCL

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Spread before costs (cost unknown: a leg has no order-book sample)+0.179%
7d average−0.034%if it closes, per $10,000$18funding while held, a day+$2.65
Long on GateShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CRCL_USDT94.3100get 0.0000% / 8h7h 45m$7.1M$25.2M50x
ShortVariational Omni CRCL94.4790.0088get 0.0088% / 8h7h 45m$2.2M$2.9M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$17.95
Funding while held
$2.65
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$5.6
Spread needed to break even
0.150%
Slippage unknown: Gate: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0088%
Per $10,000 a day
+$2.65
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago2.12 bp13.0 bp −$1326.8 bp −$268doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 5 min ago3.43 bpdoesn't fit7.3 bp −$73doesn't fitdoesn't fit

CRCL price on every exchange

against the cheapest. Click to use as the short leg.
tradeXYZ94.296cheapestOKX94.310+0.015%
Gate94.310+0.015%
Vest94.310+0.015%KuCoin94.320+0.025%Bitget94.320+0.025%Paradex94.323+0.029%Extended94.325+0.031%Aster94.330+0.036%Lighter RH94.331+0.037%Phoenix94.332+0.038%Nado94.339+0.046%Binance94.350+0.057%SoDEX94.356+0.064%Polymarket Perps94.358+0.066%Bybit94.360+0.068%Phemex94.360+0.068%Pacifica94.361+0.069%Aftermath Perps94.366+0.074%Lighter94.380+0.089%Deribit94.380+0.089%QFEX94.390+0.100%RISEx94.395+0.105%Orderly94.400+0.110%Aevo94.403+0.114%Ondo Perps94.460+0.174%
Variational Omni94.479+0.194%
ApeX Omni94.490+0.206%edgeX94.530+0.248%BloFin94.550+0.269%Coinbase International94.590+0.312%Arcus94.650+0.375%Injective94.980+0.725%

CRCL on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
tradeXYZ xyz:CRCL−0.015%+0.0050%1h$70.9M$39.8M10xas long as short
OKX CRCL-USDT-SWAP0.000%+0.0195%8h$22.6M$55.3M50xas long as short
Gate CRCL_USDTlong0.000%0.0000%8h$7.1M$25.2M50x
Vest CRCL-USD-PERP0.000%+0.0038%1h—$45K25xas long as short
KuCoin CRCLUSDTM+0.011%+0.0233%8h$2.9M$1.4M20xas long as short
Bitget CRCLUSDT+0.011%+0.0265%8h$16.6M$32.8M25xas long as short
Paradex CRCL-USD-PERP+0.014%+0.0082%8h$717$4285xas long as short
Extended CRCL_24_5-USD+0.016%+0.0168%1h$1.0M$3.1M10xas long as short
Aster CRCLUSDT+0.021%+0.0161%8h$1.1M$4.6M20xas long as short
Lighter RH CRCL+0.022%+0.0032%1h$790K$2.7M10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix CRCL+0.023%+0.0204%1h$28K$92K10xas long as short
Nado CRCL-PERP+0.031%+0.0282%1h$131K$78K3xas long as short
Binance CRCLUSDT+0.042%+0.0171%8h$106.4M$350.4M50xas long as short
SoDEX CRCL-USD+0.049%+0.0050%1h$47K$3K10xas long as short
Polymarket Perps CRCL-USD+0.051%+0.0050%1h$355K$1.1M10xas long as short
Bybit CRCLUSDT+0.053%+0.0074%8h$15.4M$23.2M50xas long as short
Phemex CRCLUSDT+0.053%0.0000%4h$1.0M$45K10xas long as short
Pacifica CRCL+0.054%+0.0100%1h$76K$98K10xas long as short
Aftermath Perps CRCLUSD+0.059%+0.0277%1h$2K$13K5xas long as short
Lighter CRCL+0.074%+0.0208%1h$2.9M$2.0M10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.074%+0.0280%1h$4K$802K10xas long as short
QFEX CRCL-USD+0.085%+0.0049%1h$1.4M$2.6M10xas long as short
RISEx CRCL/USDC+0.090%+0.0124%1h$404K$336K10xas long as short
Orderly PERP_CRCL_USDC_mythos+0.095%+0.0100%8h$941$3K10xas long as short
Aevo CRCL-PERP+0.099%+0.0104%1h$4—10xas long as short
Ondo Perps CRCL-USD.P+0.159%+0.0050%1h$1.1M$5.7M10xas long as short
Variational Omni CRCLshort+0.179%+0.0088%8h$2.2M$2.9M—
ApeX Omni CRCLUSDT+0.191%+0.0100%1h$69K$8K50xas long as short
edgeX CRCLUSDC+0.233%+0.0878%4h$24K$265K10xas long as short
BloFin CRCL-USDT+0.254%+0.0290%8h$1.1M$584K20xas long as short
Coinbase International CRCL-PERP-INTX+0.297%+0.0080%1h$940K$797K10xas long as short
Arcus CRCL-USD+0.361%+0.0427%1h$106K$250K10xas long as short
Injective CRCL/USDC PERP+0.710%+0.0440%1h$5K$76K30xas long as short