After costs, if the gap returns to its 7d average, $10k−$51
spread now−0.159%7d average+0.001%fees + slippage, in and out−$35spread needed0.347%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado CRCL-PERP | 94.070 | 0.0326 | pay 0.0041% / 1h | 21m 23s | $131K | $67K | 3x |
| Short | Deribit CRCL_USDC-PERPETUAL | 93.920 | 0.0389 | get 0.0049% / 1h | 21m 23s | $4K | $802K | 10x |
Nado CRCL-PERP
Deribit CRCL_USDC-PERPETUALPrice 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
- −$15.91
- Funding while held
- $1.91
- Slippage, 4 orders
- −$20.72
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$48.72
- Spread needed to break even
- 0.347%
Slippage from Nado: live order book, 12 min ago; Deribit: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0064%
- Per $10,000 a day
- +$1.91
- 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 Nado live order book, 12 min ago | 1.59 bp | 6.8 bp −$7 | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 9 min ago | 6.90 bp | 10.4 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Vest93.790cheapestOndo Perps93.870+0.085%tradeXYZ93.901+0.118%SoDEX93.903+0.120%Paradex93.908+0.126%Pacifica93.910+0.128%
Vest
Ondo Perps
tradeXYZ
SoDEX
Paradex
PacificaDeribit93.920+0.139%
Lighter RH93.923+0.142%Polymarket Perps93.924+0.143%Extended93.929+0.148%OKX93.930+0.149%Arcus93.930+0.149%QFEX93.930+0.149%Orderly93.930+0.149%Binance93.931+0.151%RISEx93.938+0.158%KuCoin93.940+0.160%Bybit93.950+0.171%Gate93.950+0.171%Aster93.954+0.175%Aevo93.959+0.181%Lighter93.964+0.186%Bitget93.990+0.213%Phemex94.010+0.235%Aftermath Perps94.021+0.246%ApeX Omni94.060+0.288%
Lighter RH
Polymarket Perps
Extended
OKX
Arcus
QFEX
Orderly
Binance
RISEx
KuCoin
Bybit
Gate
Aster
Aevo
Lighter
Bitget
Phemex
ApeX OmniNado94.070+0.298%
Coinbase International94.090+0.320%BloFin94.150+0.384%Phoenix94.172+0.407%edgeX94.208+0.446%Variational Omni94.229+0.468%Injective94.650+0.917%
Coinbase International
BloFin
Phoenix
Variational 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 | −0.297% | +0.0030% | 1h | — | $45K | 25x | as long as short |
| Ondo Perps CRCL-USD.P | −0.212% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.179% | +0.0051% | 1h | $70.8M | $40.8M | 10x | as long as short |
| SoDEX CRCL-USD | −0.177% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.172% | +0.0091% | 8h | $714 | $428 | 5x | as long as short |
| Pacifica CRCL | −0.170% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUALshort | −0.159% | +0.0389% | 1h | $4K | $802K | 10x | |
| Lighter RH CRCL | −0.156% | +0.0032% | 1h | $795K | $2.7M | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.155% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.150% | +0.0152% | 1h | $1.1M | $3.5M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX CRCL-USDT-SWAP | −0.149% | +0.0246% | 8h | $22.7M | $58.0M | 50x | as long as short |
| Arcus CRCL-USD | −0.149% | +0.0651% | 1h | $101K | $256K | 10x | as long as short |
| QFEX CRCL-USD | −0.149% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.149% | +0.0100% | 8h | $936 | $3K | 10x | as long as short |
| Binance CRCLUSDT | −0.147% | +0.0155% | 8h | $107.0M | $369.6M | 50x | as long as short |
| RISEx CRCL/USDC | −0.140% | +0.0163% | 1h | $402K | $316K | 10x | as long as short |
| KuCoin CRCLUSDTM | −0.138% | +0.0220% | 8h | $2.9M | $1.6M | 20x | as long as short |
| Bybit CRCLUSDT | −0.127% | +0.0054% | 8h | $15.0M | $24.7M | 50x | as long as short |
| Gate CRCL_USDT | −0.127% | 0.0000% | 8h | $7.1M | $26.4M | 50x | as long as short |
| Aster CRCLUSDT | −0.123% | +0.0139% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Aevo CRCL-PERP | −0.117% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Lighter CRCL | −0.112% | +0.0288% | 1h | $2.9M | $2.1M | 10x | as long as short |
| Bitget CRCLUSDT | −0.085% | +0.0359% | 8h | $16.8M | $33.8M | 25x | as long as short |
| Phemex CRCLUSDT | −0.063% | 0.0000% | 4h | $1.0M | $46K | 10x | as long as short |
| Aftermath Perps CRCLUSD | −0.052% | +0.0352% | 1h | $2K | $15K | 5x | as long as short |
| ApeX Omni CRCLUSDT | −0.010% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Nado CRCL-PERPlong | 0.000% | +0.0326% | 1h | $131K | $67K | 3x | |
| Coinbase International CRCL-PERP-INTX | +0.022% | +0.0120% | 1h | $943K | $744K | 10x | as long as short |
| BloFin CRCL-USDT | +0.085% | +0.0276% | 8h | $1.1M | $567K | 20x | as long as short |
| Phoenix CRCL | +0.109% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| edgeX CRCLUSDC | +0.147% | +0.0964% | 4h | $24K | $265K | 10x | as long as short |
| Variational Omni CRCL | +0.170% | +0.0102% | 8h | $2.5M | $3.2M | — | as long as short |
| Injective CRCL/USDC PERP | +0.617% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |