After costs, if the gap returns to its 7d average, $10k−$82
spread now−0.042%7d average+0.025%fees + slippage, in and out−$75spread needed0.749%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CRCLUSDTM | 94.510 | 0.0213 | pay 0.0213% / 8h | 26m 09s | $2.9M | $1.3M | 20x |
| Short | Bybit CRCLUSDT | 94.470 | 0.0139 | get 0.0139% / 8h | 26m 09s | $15.8M | $22.2M | 50x |
KuCoin CRCLUSDTM
Bybit 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
- −$4.23
- Funding while held
- −$2.21
- Slippage, 4 orders
- −$51.87
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$81.31
- Spread needed to break even
- 0.749%
Slippage from KuCoin: live order book, 7 min ago; Bybit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0074%
- Per $10,000 a day
- −$2.21
- 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 KuCoin live order book, 7 min ago | 1.58 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.59 bp | 12.3 bp −$12 | 25.0 bp −$250 | 84.1 bp −$8,407 | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International94.190cheapestVest94.240+0.053%BloFin94.240+0.053%Nado94.273+0.088%Pacifica94.280+0.096%Phoenix94.281+0.097%Arcus94.300+0.117%Polymarket Perps94.300+0.117%Paradex94.304+0.121%Ondo Perps94.320+0.138%Aster94.330+0.149%QFEX94.330+0.149%RISEx94.347+0.167%tradeXYZ94.364+0.185%Lighter RH94.415+0.239%Orderly94.420+0.244%SoDEX94.426+0.251%Phemex94.430+0.255%Aevo94.449+0.275%Binance94.450+0.276%Extended94.452+0.278%Gate94.460+0.287%Deribit94.460+0.287%
Coinbase International
Vest
BloFin
Nado
Pacifica
Phoenix
Arcus
Polymarket Perps
Paradex
Ondo Perps
Aster
QFEX
RISEx
tradeXYZ
Lighter RH
Orderly
SoDEX
Phemex
Aevo
Binance
Extended
Gate
DeribitBybit94.470+0.297%
Lighter94.475+0.303%Aftermath Perps94.477+0.304%
LighterKuCoin94.510+0.340%
edgeX94.520+0.350%OKX94.520+0.350%Bitget94.520+0.350%ApeX Omni94.550+0.382%Variational Omni94.586+0.420%Injective95.120+0.987%
OKX
Bitget
ApeX Omni
Variational Omni
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 | −0.339% | +0.0088% | 1h | $926K | $754K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.286% | +0.0046% | 1h | — | $42K | 25x | as long as short |
| BloFin CRCL-USDT | −0.286% | +0.0319% | 8h | $1.1M | $543K | 20x | as long as short |
| Nado CRCL-PERP | −0.251% | +0.0273% | 1h | $131K | $79K | 3x | as long as short |
| Pacifica CRCL | −0.243% | +0.0100% | 1h | $89K | $90K | 10x | as long as short |
| Phoenix CRCL | −0.242% | +0.0294% | 1h | $28K | $92K | 10x | as long as short |
| Arcus CRCL-USD | −0.222% | +0.0063% | 1h | $106K | $249K | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.222% | +0.0050% | 1h | $355K | $1.1M | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.218% | +0.0083% | 8h | $717 | $428 | 5x | as long as short |
| Ondo Perps CRCL-USD.P | −0.201% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster CRCLUSDT | −0.190% | +0.0186% | 8h | $1.1M | $4.4M | 20x | as long as short |
| QFEX CRCL-USD | −0.190% | +0.0046% | 1h | $1.4M | $2.6M | 10x | as long as short |
| RISEx CRCL/USDC | −0.172% | +0.0101% | 1h | $404K | $342K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.154% | +0.0050% | 1h | $71.3M | $39.9M | 10x | as long as short |
| Lighter RH CRCL | −0.101% | +0.0032% | 1h | $801K | $2.7M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.095% | +0.0100% | 8h | $941 | $3K | 10x | as long as short |
| SoDEX CRCL-USD | −0.089% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Phemex CRCLUSDT | −0.085% | 0.0000% | 4h | $1.0M | $47K | 10x | as long as short |
| Aevo CRCL-PERP | −0.065% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Binance CRCLUSDT | −0.063% | +0.0197% | 8h | $107.0M | $337.5M | 50x | as long as short |
| Extended CRCL_24_5-USD | −0.062% | +0.0200% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Gate CRCL_USDT | −0.053% | 0.0000% | 8h | $7.1M | $24.8M | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.053% | +0.0174% | 1h | $4K | $801K | 10x | as long as short |
| Bybit CRCLUSDTshort | −0.042% | +0.0139% | 8h | $15.8M | $22.2M | 50x | |
| Lighter CRCL | −0.037% | +0.0144% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Aftermath Perps CRCLUSD | −0.035% | +0.0288% | 1h | $1K | $12K | 5x | as long as short |
| KuCoin CRCLUSDTMlong | 0.000% | +0.0213% | 8h | $2.9M | $1.3M | 20x | |
| edgeX CRCLUSDC | +0.010% | +0.0762% | 4h | $21K | $263K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.011% | +0.0197% | 8h | $22.5M | $53.6M | 50x | as long as short |
| Bitget CRCLUSDT | +0.011% | +0.0262% | 8h | $16.4M | $32.1M | 25x | as long as short |
| ApeX Omni CRCLUSDT | +0.042% | +0.0100% | 1h | $70K | $8K | 50x | as long as short |
| Variational Omni CRCL | +0.080% | +0.0139% | 8h | $2.4M | $2.7M | — | as long as short |
| Injective CRCL/USDC PERP | +0.645% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |