After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.105%7d average−0.009%fees + slippage, in and out−$32spread needed0.319%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH CRCL | 93.696 | 0.0032 | pay 0.0004% / 1h | 9m 42s | $796K | $2.7M | 10x |
| Short | edgeX CRCLUSDC | 93.794 | 0.0118 | get 0.0059% / 4h | 2h 09m | $24K | $266K | 10x |
Lighter RH CRCLPrice 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
- $10.46
- Funding while held
- $2.57
- Slippage, 4 orders
- −$22.95
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$18.92
- Spread needed to break even
- 0.319%
Slippage from Lighter RH: live order book, 5 min ago; edgeX: live order book, 29 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0086%
- Per $10,000 a day
- +$2.57
- 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 RH live order book, 5 min ago | 3.31 bp | 4.9 bp −$5 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 29 min ago | 6.37 bp | 12.0 bp −$12 | 23.8 bp −$238 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps93.540cheapestApeX Omni93.570+0.032%Phoenix93.586+0.049%Vest93.590+0.053%tradeXYZ93.650+0.118%Pacifica93.650+0.118%Nado93.654+0.121%Gate93.660+0.128%Paradex93.670+0.139%Phemex93.670+0.139%Extended93.680+0.150%Binance93.680+0.150%Bybit93.680+0.150%Arcus93.680+0.150%RISEx93.690+0.160%KuCoin93.690+0.160%
Ondo Perps
ApeX Omni
Phoenix
Vest
tradeXYZ
Pacifica
Nado
Gate
Paradex
Phemex
Extended
Binance
Bybit
Arcus
RISEx
KuCoinLighter RH93.696+0.167%
Bitget93.700+0.171%Coinbase International93.700+0.171%OKX93.710+0.182%SoDEX93.718+0.190%Aster93.731+0.204%Lighter93.738+0.212%Polymarket Perps93.745+0.219%BloFin93.750+0.225%Variational Omni93.753+0.228%Aftermath Perps93.788+0.265%Aevo93.789+0.266%QFEX93.790+0.267%Deribit93.790+0.267%Orderly93.800+0.278%Injective94.150+0.652%
Bitget
Coinbase International
OKX
SoDEX
Aster
Lighter
Polymarket Perps
BloFin
Variational Omni
Aevo
QFEX
Deribit
Orderly
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.P | −0.166% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.134% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Phoenix CRCL | −0.117% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.113% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| tradeXYZ xyz:CRCL | −0.049% | +0.0109% | 1h | $70.9M | $40.1M | 10x | as long as short |
| Pacifica CRCL | −0.049% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Nado CRCL-PERP | −0.045% | +0.0328% | 1h | $131K | $67K | 3x | as long as short |
| Gate CRCL_USDT | −0.038% | 0.0000% | 8h | $7.1M | $26.2M | 50x | as long as short |
| Paradex CRCL-USD-PERP | −0.028% | +0.0087% | 8h | $712 | $428 | 5x | as long as short |
| Phemex CRCLUSDT | −0.028% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended CRCL_24_5-USD | −0.017% | +0.0160% | 1h | $1.1M | $3.4M | 10x | as long as short |
| Binance CRCLUSDT | −0.017% | +0.0159% | 8h | $106.4M | $362.4M | 50x | as long as short |
| Bybit CRCLUSDT | −0.017% | +0.0072% | 8h | $15.4M | $23.8M | 50x | as long as short |
| Arcus CRCL-USD | −0.017% | +0.0586% | 1h | $102K | $253K | 10x | as long as short |
| RISEx CRCL/USDC | −0.006% | +0.0140% | 1h | $405K | $313K | 10x | as long as short |
| KuCoin CRCLUSDTM | −0.006% | +0.0277% | 8h | $2.9M | $1.5M | 20x | as long as short |
| Lighter RH CRCLlong | 0.000% | +0.0032% | 1h | $796K | $2.7M | 10x | |
| Bitget CRCLUSDT | +0.004% | +0.0321% | 8h | $16.7M | $33.4M | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.004% | +0.0096% | 1h | $939K | $786K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.015% | +0.0247% | 8h | $22.6M | $56.6M | 50x | as long as short |
| SoDEX CRCL-USD | +0.023% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Aster CRCLUSDT | +0.037% | +0.0137% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Lighter CRCL | +0.045% | +0.0312% | 1h | $2.9M | $2.1M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.052% | +0.0050% | 1h | $353K | $1.0M | 10x | as long as short |
| BloFin CRCL-USDT | +0.058% | +0.0277% | 8h | $1.1M | $593K | 20x | as long as short |
| Variational Omni CRCL | +0.061% | +0.0091% | 8h | $2.5M | $3.2M | — | as long as short |
| Aftermath Perps CRCLUSD | +0.098% | +0.0372% | 1h | $2K | $15K | 5x | as long as short |
| Aevo CRCL-PERP | +0.099% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| QFEX CRCL-USD | +0.100% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.100% | +0.0604% | 1h | $4K | $802K | 10x | as long as short |
| edgeX CRCLUSDCshort | +0.105% | +0.0118% | 4h | $24K | $266K | 10x | |
| Orderly PERP_CRCL_USDC_mythos | +0.111% | +0.0100% | 8h | $935 | $3K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.485% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |