data as of
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Price arb /

CRCL

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$16
spread now−0.042%7d average−0.061%fees + slippage, in and out−$18spread needed0.183%
Long on LighterShort on Lighter RH
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CRCL94.4560.0296pay 0.0037% / 1h11m 11s$2.9M$2.0M10x
ShortLighter RH CRCL94.4160.0032get 0.0004% / 1h11m 11s$795K$2.7M10x

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
−$4.23
Funding while held
−$7.92
Slippage, 4 orders
−$18.29
Fee Lighter: 0 bp × 2 orders
$0
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$30.44
Spread needed to break even
0.183%
Slippage from Lighter: live order book, 3 min ago; Lighter RH: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0264%
Per $10,000 a day
−$7.92
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 Lighter live order book, 3 min ago2.43 bp5.4 bp −$57.9 bp −$7933.1 bp −$3,306doesn't fit
Sell Lighter RH live order book, 3 min ago3.39 bp3.4 bp −$37.4 bp −$74doesn't fitdoesn't fit

CRCL price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni94.230cheapestOndo Perps94.280+0.053%Vest94.280+0.053%Coinbase International94.290+0.063%Nado94.294+0.068%Polymarket Perps94.301+0.075%ApeX Omni94.320+0.095%Pacifica94.327+0.103%tradeXYZ94.329+0.105%Arcus94.330+0.106%Aftermath Perps94.330+0.106%RISEx94.340+0.117%edgeX94.346+0.123%QFEX94.350+0.127%Phoenix94.362+0.140%Phemex94.370+0.148%Paradex94.381+0.160%Binance94.390+0.170%Gate94.390+0.170%KuCoin94.390+0.170%Aster94.390+0.170%Extended94.392+0.172%SoDEX94.396+0.176%Deribit94.400+0.180%Bybit94.410+0.191%Orderly94.410+0.191%
Lighter RH94.416+0.197%
OKX94.420+0.201%Aevo94.428+0.210%BloFin94.430+0.212%Bitget94.440+0.223%
Lighter94.456+0.240%
Injective94.720+0.520%

CRCL on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni CRCL−0.239%+0.0090%8h$2.2M$2.9M—as long as short
Ondo Perps CRCL-USD.P−0.186%+0.0050%1h$1.1M$5.7M10xas long as short
Vest CRCL-USD-PERP−0.186%+0.0046%1h—$45K25xas long as short
Coinbase International CRCL-PERP-INTX−0.176%+0.0080%1h$938K$791K10xas long as short
Nado CRCL-PERP−0.172%+0.0334%1h$131K$78K3xas long as short
Polymarket Perps CRCL-USD−0.164%+0.0050%1h$355K$1.1M10xas long as short
ApeX Omni CRCLUSDT−0.144%+0.0100%1h$69K$7K50xas long as short
Pacifica CRCL−0.137%+0.0100%1h$76K$98K10xas long as short
tradeXYZ xyz:CRCL−0.134%+0.0115%1h$71.3M$40.3M10xas long as short
Arcus CRCL-USD−0.133%+0.0427%1h$105K$250K10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aftermath Perps CRCLUSD−0.133%+0.0343%1h$2K$13K5xas long as short
RISEx CRCL/USDC−0.123%+0.0124%1h$407K$324K10xas long as short
edgeX CRCLUSDC−0.117%+0.0546%4h$24K$264K10xas long as short
QFEX CRCL-USD−0.112%+0.0049%1h$1.4M$2.6M10xas long as short
Phoenix CRCL−0.100%+0.0204%1h$28K$92K10xas long as short
Phemex CRCLUSDT−0.091%0.0000%4h$1.0M$45K10xas long as short
Paradex CRCL-USD-PERP−0.080%+0.0088%8h$717$4285xas long as short
Binance CRCLUSDT−0.070%+0.0167%8h$106.7M$355.4M50xas long as short
Gate CRCL_USDT−0.070%0.0000%8h$7.2M$25.8M50xas long as short
KuCoin CRCLUSDTM−0.070%+0.0269%8h$2.9M$1.4M20xas long as short
Aster CRCLUSDT−0.070%+0.0151%8h$1.1M$4.6M20xas long as short
Extended CRCL_24_5-USD−0.068%+0.0168%1h$1.1M$3.1M10xas long as short
SoDEX CRCL-USD−0.064%+0.0050%1h$47K$3K10xas long as short
Deribit CRCL_USDC-PERPETUAL−0.059%+0.0386%1h$4K$801K10xas long as short
Bybit CRCLUSDT−0.049%+0.0107%8h$15.5M$23.2M50xas long as short
Orderly PERP_CRCL_USDC_mythos−0.049%+0.0100%8h$941$3K10xas long as short
Lighter RH CRCLshort−0.042%+0.0032%1h$795K$2.7M10x
OKX CRCL-USDT-SWAP−0.038%+0.0215%8h$22.7M$56.1M50xas long as short
Aevo CRCL-PERP−0.030%+0.0104%1h$4—10xas long as short
BloFin CRCL-USDT−0.028%+0.0287%8h$1.1M$590K20xas long as short
Bitget CRCLUSDT−0.017%+0.0286%8h$16.9M$33.1M25xas long as short
Lighter CRCLlong0.000%+0.0296%1h$2.9M$2.0M10x
Injective CRCL/USDC PERP+0.279%+0.0440%1h$5K$76K30xas long as short