Spread before costs (cost unknown: a leg has no order-book sample)−0.033%
7d average—if it closes, per $10,000$3funding while held, a day−$6.41
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CRCL | 94.000 | 0.0304 | pay 0.0038% / 1h | 5m 10s | $2.9M | $2.1M | 10x |
| Short | Paradex CRCL-USD-PERP | 93.969 | 0.0090 | get 0.0090% / 8h | 5h 05m | $714 | $428 | 5x |
Lighter CRCL
Paradex CRCL-USD-PERPPrice 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
- −$3.3
- Funding while held
- −$6.41
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$13.71
- Spread needed to break even
- 0.040%
Slippage unknown: Lighter: live order book, 4 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0214%
- Per $10,000 a day
- −$6.41
- 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, 4 min ago | 0.74 bp | 1.1 bp −$1 | 9.1 bp −$91 | 38.1 bp −$3,805 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.Vest93.780cheapesttradeXYZ93.889+0.116%Nado93.898+0.125%Ondo Perps93.920+0.149%Binance93.924+0.154%Extended93.931+0.161%Phoenix93.937+0.167%Aster93.945+0.176%Bybit93.950+0.181%KuCoin93.950+0.181%Orderly93.950+0.181%Lighter RH93.960+0.192%OKX93.960+0.192%Gate93.960+0.192%Phemex93.960+0.192%Polymarket Perps93.962+0.194%Variational Omni93.968+0.201%
Vest
tradeXYZ
Nado
Ondo Perps
Binance
Extended
Phoenix
Aster
Bybit
KuCoin
Orderly
Lighter RH
OKX
Gate
Phemex
Polymarket Perps
Variational OmniParadex93.969+0.202%
Deribit93.970+0.203%SoDEX93.976+0.209%Arcus93.980+0.213%QFEX93.980+0.213%Bitget93.980+0.213%Pacifica93.982+0.215%Aftermath Perps93.985+0.218%Aevo93.988+0.222%BloFin93.990+0.224%
Deribit
SoDEX
Arcus
QFEX
Bitget
Pacifica
Aevo
BloFinLighter94.000+0.235%
RISEx94.025+0.261%edgeX94.029+0.266%Coinbase International94.040+0.277%ApeX Omni94.090+0.331%Injective94.740+1.024%
RISEx
Coinbase International
ApeX Omni
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | −0.234% | +0.0034% | 1h | — | $45K | 25x | as long as short |
| tradeXYZ xyz:CRCL | −0.118% | +0.0050% | 1h | $70.6M | $41.0M | 10x | as long as short |
| Nado CRCL-PERP | −0.109% | +0.0331% | 1h | $131K | $67K | 3x | as long as short |
| Ondo Perps CRCL-USD.P | −0.085% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | −0.081% | +0.0152% | 8h | $107.0M | $371.4M | 50x | as long as short |
| Extended CRCL_24_5-USD | −0.073% | +0.0152% | 1h | $1.2M | $3.5M | 10x | as long as short |
| Phoenix CRCL | −0.067% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| Aster CRCLUSDT | −0.058% | +0.0137% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Bybit CRCLUSDT | −0.053% | +0.0040% | 8h | $15.0M | $24.8M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.053% | +0.0191% | 8h | $2.9M | $1.6M | 20x | as long as short |