After costs, if the gap returns to its 7d average, $10k−$100
spread now−0.107%7d average−0.093%fees + slippage, in and out−$99spread needed0.987%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CRCL | 94.481 | 0.0136 | pay 0.0017% / 1h | 24m 56s | $2.9M | $2.0M | 10x |
| Short | Phemex CRCLUSDT | 94.380 | 0 | get 0.0000% / 4h | 24m 56s | $1.0M | $47K | 10x |
Lighter CRCL
Phemex 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
- −$10.69
- Funding while held
- −$4.08
- Slippage, 4 orders
- −$86.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$113.45
- Spread needed to break even
- 0.987%
Slippage from Lighter: live order book, 4 min ago; Phemex: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0136%
- Per $10,000 a day
- −$4.08
- 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 | 2.70 bp | 5.2 bp −$5 | 10.7 bp −$107 | 38.4 bp −$3,836 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 4.23 bp | 36.0 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International94.190cheapestApeX Omni94.230+0.042%Phoenix94.281+0.097%Variational Omni94.307+0.124%Vest94.330+0.149%Nado94.377+0.198%
Coinbase International
ApeX Omni
Phoenix
Variational Omni
Vest
NadoPhemex94.380+0.202%
Polymarket Perps94.381+0.203%tradeXYZ94.389+0.211%Binance94.390+0.212%Arcus94.390+0.212%Deribit94.390+0.212%Extended94.392+0.215%Aster94.398+0.221%BloFin94.400+0.223%SoDEX94.401+0.224%Lighter RH94.405+0.228%Bitget94.410+0.234%Orderly94.410+0.234%OKX94.420+0.244%Gate94.420+0.244%Aevo94.422+0.246%Ondo Perps94.430+0.255%Bybit94.440+0.265%KuCoin94.460+0.287%Pacifica94.461+0.288%Aftermath Perps94.469+0.296%
Polymarket Perps
tradeXYZ
Binance
Arcus
Deribit
Extended
Aster
BloFin
SoDEX
Lighter RH
Bitget
Orderly
OKX
Gate
Aevo
Ondo Perps
Bybit
KuCoin
PacificaLighter94.481+0.309%
QFEX94.490+0.319%edgeX94.520+0.350%Paradex94.521+0.351%RISEx94.540+0.372%Injective94.910+0.764%
QFEX
Paradex
RISEx
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 | −0.308% | +0.0088% | 1h | $926K | $754K | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.266% | +0.0100% | 1h | $69K | $8K | 50x | as long as short |
| Phoenix CRCL | −0.212% | +0.0294% | 1h | $28K | $92K | 10x | as long as short |
| Variational Omni CRCL | −0.184% | +0.0126% | 8h | $2.3M | $2.7M | — | as long as short |
| Vest CRCL-USD-PERP | −0.160% | +0.0046% | 1h | — | $42K | 25x | as long as short |
| Nado CRCL-PERP | −0.110% | +0.0271% | 1h | $132K | $79K | 3x | as long as short |
| Phemex CRCLUSDTshort | −0.107% | 0.0000% | 4h | $1.0M | $47K | 10x | |
| Polymarket Perps CRCL-USD | −0.106% | +0.0050% | 1h | $356K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.097% | +0.0050% | 1h | $71.2M | $40.0M | 10x | as long as short |
| Binance CRCLUSDT | −0.096% | +0.0196% | 8h | $106.9M | $337.9M | 50x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus CRCL-USD | −0.096% | +0.0063% | 1h | $106K | $249K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.096% | +0.0068% | 1h | $4K | $801K | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.094% | +0.0192% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Aster CRCLUSDT | −0.087% | +0.0186% | 8h | $1.1M | $4.4M | 20x | as long as short |
| BloFin CRCL-USDT | −0.086% | +0.0316% | 8h | $1.1M | $544K | 20x | as long as short |
| SoDEX CRCL-USD | −0.085% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Lighter RH CRCL | −0.080% | +0.0032% | 1h | $801K | $2.7M | 10x | as long as short |
| Bitget CRCLUSDT | −0.075% | +0.0263% | 8h | $16.3M | $32.1M | 25x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.075% | +0.0100% | 8h | $941 | $3K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | −0.065% | +0.0195% | 8h | $22.5M | $53.6M | 50x | as long as short |
| Gate CRCL_USDT | −0.065% | 0.0000% | 8h | $7.1M | $24.8M | 50x | as long as short |
| Aevo CRCL-PERP | −0.063% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.054% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Bybit CRCLUSDT | −0.043% | +0.0139% | 8h | $15.8M | $22.2M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.022% | +0.0214% | 8h | $2.9M | $1.3M | 20x | as long as short |
| Pacifica CRCL | −0.021% | +0.0100% | 1h | $89K | $90K | 10x | as long as short |
| Aftermath Perps CRCLUSD | −0.013% | +0.0288% | 1h | $1K | $12K | 5x | as long as short |
| Lighter CRCLlong | 0.000% | +0.0136% | 1h | $2.9M | $2.0M | 10x | |
| QFEX CRCL-USD | +0.010% | +0.0046% | 1h | $1.4M | $2.6M | 10x | as long as short |
| edgeX CRCLUSDC | +0.041% | +0.0762% | 4h | $21K | $263K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.042% | +0.0082% | 8h | $718 | $428 | 5x | as long as short |
| RISEx CRCL/USDC | +0.062% | +0.0101% | 1h | $405K | $342K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.454% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |