Spread before costs (cost unknown: a leg has no order-book sample)−0.046%
7d average—if it closes, per $10,000$5funding while held, a day−$5.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CRCL | 94.143 | 0.0296 | pay 0.0037% / 1h | 28m 12s | $2.9M | $2.0M | 10x |
| Short | Orderly PERP_CRCL_USDC_mythos | 94.100 | 0.0100 | get 0.0100% / 8h | 6h 28m | $938 | $3K | 10x |
Lighter CRCL
Orderly PERP_CRCL_USDC_mythosPrice 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
- −$4.57
- Funding while held
- −$5.88
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$16.45
- Spread needed to break even
- 0.060%
Slippage unknown: Lighter: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0196%
- Per $10,000 a day
- −$5.88
- 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, 6 min ago | 1.75 bp | 3.8 bp −$4 | 9.1 bp −$91 | 39.9 bp −$3,993 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Nado93.955cheapestVest93.980+0.027%Coinbase International94.000+0.048%Pacifica94.010+0.059%Paradex94.028+0.078%Ondo Perps94.030+0.080%QFEX94.030+0.080%Aster94.041+0.091%Polymarket Perps94.049+0.100%ApeX Omni94.050+0.101%tradeXYZ94.053+0.104%Gate94.070+0.122%SoDEX94.075+0.128%Extended94.077+0.130%Arcus94.080+0.133%Deribit94.080+0.133%BloFin94.080+0.133%RISEx94.084+0.137%Bybit94.090+0.144%KuCoin94.090+0.144%Phemex94.090+0.144%Binance94.091+0.145%Lighter RH94.095+0.149%Phoenix94.096+0.150%OKX94.100+0.154%Bitget94.100+0.154%
Nado
Vest
Coinbase International
Pacifica
Paradex
Ondo Perps
QFEX
Aster
Polymarket Perps
ApeX Omni
tradeXYZ
Gate
SoDEX
Extended
Arcus
Deribit
BloFin
RISEx
Bybit
KuCoin
Phemex
Binance
Lighter RH
Phoenix
OKX
BitgetOrderly94.100+0.154%
Aevo94.110+0.165%Aftermath Perps94.111+0.166%
AevoLighter94.143+0.200%
Variational Omni94.340+0.410%edgeX94.439+0.515%Injective94.550+0.633%
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 | −0.200% | +0.0327% | 1h | $131K | $67K | 3x | as long as short |
| Vest CRCL-USD-PERP | −0.173% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.152% | +0.0096% | 1h | $939K | $789K | 10x | as long as short |
| Pacifica CRCL | −0.141% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.122% | +0.0090% | 8h | $715 | $428 | 5x | as long as short |
| Ondo Perps CRCL-USD.P | −0.120% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| QFEX CRCL-USD | −0.120% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Aster CRCLUSDT | −0.109% | +0.0141% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Polymarket Perps CRCL-USD | −0.100% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.099% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | −0.096% | +0.0130% | 1h | $71.2M | $40.0M | 10x | as long as short |
| Gate CRCL_USDT | −0.078% | 0.0000% | 8h | $7.1M | $25.8M | 50x | as long as short |
| SoDEX CRCL-USD | −0.072% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.070% | +0.0160% | 1h | $1.2M | $3.2M | 10x | as long as short |
| Arcus CRCL-USD | −0.067% | +0.0586% | 1h | $104K | $252K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.067% | +0.0495% | 1h | $4K | $802K | 10x | as long as short |
| BloFin CRCL-USDT | −0.067% | +0.0282% | 8h | $1.1M | $588K | 20x | as long as short |
| RISEx CRCL/USDC | −0.063% | +0.0140% | 1h | $406K | $316K | 10x | as long as short |
| Bybit CRCLUSDT | −0.056% | +0.0119% | 8h | $15.6M | $23.6M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.056% | +0.0294% | 8h | $2.9M | $1.5M | 20x | as long as short |
| Phemex CRCLUSDT | −0.056% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Binance CRCLUSDT | −0.055% | +0.0160% | 8h | $107.2M | $360.4M | 50x | as long as short |
| Lighter RH CRCL | −0.051% | +0.0032% | 1h | $792K | $2.7M | 10x | as long as short |
| Phoenix CRCL | −0.050% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | −0.046% | +0.0232% | 8h | $22.7M | $56.2M | 50x | as long as short |
| Bitget CRCLUSDT | −0.046% | +0.0310% | 8h | $16.7M | $33.3M | 25x | as long as short |
| Orderly PERP_CRCL_USDC_mythosshort | −0.046% | +0.0100% | 8h | $938 | $3K | 10x | |
| Aevo CRCL-PERP | −0.036% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Aftermath Perps CRCLUSD | −0.034% | +0.0361% | 1h | $2K | $14K | 5x | as long as short |
| Lighter CRCLlong | 0.000% | +0.0296% | 1h | $2.9M | $2.0M | 10x | |
| Variational Omni CRCL | +0.209% | +0.0097% | 8h | $2.5M | $3.2M | — | as long as short |
| edgeX CRCLUSDC | +0.315% | +0.0397% | 4h | $24K | $266K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.432% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |