After costs, if the gap returns to its 7d average, $10k−$15
spread now+0.103%7d average−0.013%fees + slippage, in and out−$26spread needed0.263%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado CRCL-PERP | 94.064 | 0.0324 | pay 0.0040% / 1h | 25m 09s | $131K | $67K | 3x |
| Short | Polymarket Perps CRCL-USD | 94.160 | 0.0050 | get 0.0006% / 1h | 25m 09s | $355K | $1.0M | 10x |
Nado CRCL-PERP
Polymarket Perps CRCL-USDPrice 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
- $10.25
- Funding while held
- −$8.22
- Slippage, 4 orders
- −$11.28
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$24.25
- Spread needed to break even
- 0.263%
Slippage from Nado: live order book, 14 min ago; Polymarket Perps: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0274%
- Per $10,000 a day
- −$8.22
- 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, 14 min ago | 1.59 bp | 7.1 bp −$7 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 1.86 bp | 6.5 bp −$7 | 8.2 bp −$82 | 10.1 bp −$1,011 | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni93.950cheapestCoinbase International94.000+0.053%tradeXYZ94.022+0.077%Ondo Perps94.030+0.085%Bybit94.060+0.117%Vest94.060+0.117%
ApeX Omni
Coinbase International
tradeXYZ
Ondo Perps
Bybit
VestNado94.064+0.121%
edgeX94.098+0.157%Binance94.100+0.160%OKX94.100+0.160%Bitget94.100+0.160%Aster94.109+0.169%Lighter RH94.120+0.181%Pacifica94.120+0.181%KuCoin94.130+0.192%Paradex94.137+0.199%QFEX94.140+0.202%BloFin94.140+0.202%Arcus94.150+0.213%Deribit94.150+0.213%Phemex94.150+0.213%SoDEX94.152+0.215%Gate94.160+0.224%
Binance
OKX
Bitget
Aster
Lighter RH
Pacifica
KuCoin
Paradex
QFEX
BloFin
Arcus
Deribit
Phemex
SoDEX
GatePolymarket Perps94.160+0.224%
RISEx94.164+0.228%Extended94.169+0.233%Aevo94.174+0.238%Orderly94.190+0.255%Aftermath Perps94.199+0.265%Phoenix94.206+0.272%Lighter94.236+0.304%Variational Omni94.250+0.320%Injective94.550+0.639%
RISEx
Extended
Aevo
Orderly
Phoenix
Lighter
Variational Omni
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CRCLUSDT | −0.121% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.068% | +0.0096% | 1h | $939K | $789K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.044% | +0.0122% | 1h | $71.1M | $40.1M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.036% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Bybit CRCLUSDT | −0.004% | +0.0118% | 8h | $15.6M | $23.7M | 50x | as long as short |
| Vest CRCL-USD-PERP | −0.004% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERPlong | 0.000% | +0.0324% | 1h | $131K | $67K | 3x | |
| edgeX CRCLUSDC | +0.036% | +0.0613% | 4h | $24K | $264K | 10x | as long as short |
| Binance CRCLUSDT | +0.039% | +0.0160% | 8h | $107.2M | $360.6M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | +0.039% | +0.0235% | 8h | $22.7M | $56.3M | 50x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget CRCLUSDT | +0.039% | +0.0311% | 8h | $16.7M | $33.3M | 25x | as long as short |
| Aster CRCLUSDT | +0.048% | +0.0143% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Lighter RH CRCL | +0.060% | +0.0032% | 1h | $794K | $2.7M | 10x | as long as short |
| Pacifica CRCL | +0.060% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.071% | +0.0294% | 8h | $2.9M | $1.5M | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.078% | +0.0088% | 8h | $715 | $428 | 5x | as long as short |
| QFEX CRCL-USD | +0.081% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| BloFin CRCL-USDT | +0.081% | +0.0280% | 8h | $1.1M | $588K | 20x | as long as short |
| Arcus CRCL-USD | +0.092% | +0.0586% | 1h | $104K | $252K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.092% | +0.0388% | 1h | $4K | $802K | 10x | as long as short |
| Phemex CRCLUSDT | +0.092% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| SoDEX CRCL-USD | +0.094% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Gate CRCL_USDT | +0.103% | 0.0000% | 8h | $7.2M | $25.9M | 50x | as long as short |
| Polymarket Perps CRCL-USDshort | +0.103% | +0.0050% | 1h | $355K | $1.0M | 10x | |
| RISEx CRCL/USDC | +0.107% | +0.0140% | 1h | $407K | $316K | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.112% | +0.0160% | 1h | $1.2M | $3.2M | 10x | as long as short |
| Aevo CRCL-PERP | +0.117% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.134% | +0.0100% | 8h | $939 | $3K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.144% | +0.0356% | 1h | $2K | $14K | 5x | as long as short |
| Phoenix CRCL | +0.151% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| Lighter CRCL | +0.183% | +0.0296% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Variational Omni CRCL | +0.198% | +0.0098% | 8h | $2.5M | $3.2M | — | as long as short |
| Injective CRCL/USDC PERP | +0.517% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |