After costs, if the gap returns to its 7d average, $10k−$25
spread now−0.070%7d average−0.100%fees + slippage, in and out−$28spread needed0.282%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CRCL | 95.467 | 0.0120 | pay 0.0015% / 1h | 24m 02s | $3.0M | $1.9M | 10x |
| Short | Deribit CRCL_USDC-PERPETUAL | 95.400 | 0.0274 | get 0.0034% / 1h | 24m 02s | $1K | $799K | 10x |
Lighter CRCL
Deribit CRCL_USDC-PERPETUALPrice 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
- −$7.02
- Funding while held
- $4.63
- Slippage, 4 orders
- −$21.18
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$30.57
- Spread needed to break even
- 0.282%
Slippage from Lighter: live order book, 5 min ago; Deribit: live order book, 26 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0154%
- Per $10,000 a day
- +$4.63
- 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 Lighter live order book, 5 min ago | 2.09 bp | 3.2 bp −$3 | 15.5 bp −$155 | 41.7 bp −$4,171 | doesn't fit |
| Sell Deribit live order book, 26 min ago | 7.37 bp | 10.9 bp −$11 | 15.4 bp −$154 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Extended95.388cheapestSoDEX95.399+0.011%
Extended
SoDEXDeribit95.400+0.012%
Gate95.430+0.044%Orderly95.430+0.044%Lighter RH95.432+0.046%Bitget95.450+0.065%tradeXYZ95.451+0.066%Nado95.452+0.066%Vest95.460+0.075%Aster95.464+0.079%Aevo95.467+0.083%
Gate
Orderly
Lighter RH
Bitget
tradeXYZ
Nado
Vest
Aster
AevoLighter95.467+0.083%
Phemex95.480+0.096%Binance95.482+0.098%Bybit95.500+0.117%Coinbase International95.500+0.117%Polymarket Perps95.517+0.135%KuCoin95.520+0.138%Ondo Perps95.550+0.170%ApeX Omni95.550+0.170%OKX95.570+0.191%Arcus95.570+0.191%QFEX95.590+0.211%BloFin95.600+0.222%Paradex95.614+0.237%Aftermath Perps95.624+0.247%Variational Omni95.632+0.255%RISEx95.634+0.258%Pacifica95.657+0.282%Phoenix95.717+0.345%edgeX95.922+0.559%Injective96.140+0.788%
Phemex
Binance
Bybit
Coinbase International
Polymarket Perps
KuCoin
Ondo Perps
ApeX Omni
OKX
Arcus
QFEX
BloFin
Paradex
Variational Omni
RISEx
Pacifica
Phoenix
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended CRCL_24_5-USD | −0.082% | +0.0240% | 1h | $1.0M | $3.1M | 10x | as long as short |
| SoDEX CRCL-USD | −0.071% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUALshort | −0.070% | +0.0274% | 1h | $1K | $799K | 10x | |
| Gate CRCL_USDT | −0.039% | 0.0000% | 8h | $7.2M | $23.4M | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.039% | +0.0100% | 8h | $951 | $3K | 10x | as long as short |
| Lighter RH CRCL | −0.037% | +0.0032% | 1h | $879K | $2.4M | 10x | as long as short |
| Bitget CRCLUSDT | −0.018% | +0.0232% | 8h | $16.6M | $30.6M | 25x | as long as short |
| tradeXYZ xyz:CRCL | −0.017% | +0.0171% | 1h | $76.0M | $35.4M | 10x | as long as short |
| Nado CRCL-PERP | −0.016% | +0.0212% | 1h | $131K | $77K | 3x | as long as short |
| Vest CRCL-USD-PERP | −0.007% | +0.0046% | 1h | — | $35K | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster CRCLUSDT | −0.003% | +0.0244% | 8h | $1.3M | $4.1M | 20x | as long as short |
| Aevo CRCL-PERP | 0.000% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Lighter CRCLlong | 0.000% | +0.0120% | 1h | $3.0M | $1.9M | 10x | |
| Phemex CRCLUSDT | +0.014% | 0.0000% | 4h | $1.1M | $47K | 10x | as long as short |
| Binance CRCLUSDT | +0.016% | +0.0241% | 8h | $107.5M | $310.7M | 50x | as long as short |
| Bybit CRCLUSDT | +0.035% | +0.0153% | 8h | $16.0M | $21.3M | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.035% | +0.0080% | 1h | $937K | $740K | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.052% | +0.0050% | 1h | $379K | $1.1M | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.056% | +0.0136% | 8h | $3.0M | $1.1M | 20x | as long as short |
| Ondo Perps CRCL-USD.P | +0.087% | +0.0050% | 1h | $1.1M | $5.6M | 10x | as long as short |
| ApeX Omni CRCLUSDT | +0.087% | +0.0100% | 1h | $69K | $8K | 50x | as long as short |
| OKX CRCL-USDT-SWAP | +0.108% | +0.0217% | 8h | $22.7M | $50.9M | 50x | as long as short |
| Arcus CRCL-USD | +0.108% | +0.0040% | 1h | $123K | $223K | 10x | as long as short |
| QFEX CRCL-USD | +0.129% | +0.0042% | 1h | $1.4M | $2.5M | 10x | as long as short |
| BloFin CRCL-USDT | +0.139% | +0.0361% | 8h | $1.1M | $489K | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.154% | +0.0106% | 8h | $727 | $428 | 5x | as long as short |
| Aftermath Perps CRCLUSD | +0.165% | +0.0305% | 1h | $1K | $10K | 5x | as long as short |
| Variational Omni CRCL | +0.172% | +0.0156% | 8h | $2.4M | $2.7M | — | as long as short |
| RISEx CRCL/USDC | +0.175% | +0.0336% | 1h | $413K | $324K | 10x | as long as short |
| Pacifica CRCL | +0.199% | +0.0100% | 1h | $89K | $89K | 10x | as long as short |
| Phoenix CRCL | +0.262% | +0.0259% | 1h | $28K | $68K | 10x | as long as short |
| edgeX CRCLUSDC | +0.477% | +0.0315% | 4h | $21K | $260K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.705% | +0.0440% | 1h | $5K | $105K | 30x | as long as short |