Spread before costs (cost unknown: a leg has no order-book sample)+0.076%
7d average—if it closes, per $10,000$8funding while held, a day−$8.52
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado CRCL-PERP | 94.294 | 0.0334 | pay 0.0042% / 1h | 10m 19s | $131K | $78K | 3x |
| Short | SoDEX CRCL-USD | 94.366 | 0.0050 | get 0.0006% / 1h | 10m 19s | $47K | $3K | 10x |
Nado CRCL-PERP
SoDEX 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
- $7.64
- Funding while held
- −$8.52
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$15.87
- Spread needed to break even
- 0.150%
Slippage unknown: Nado: live order book, 33 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0284%
- Per $10,000 a day
- −$8.52
- 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, 33 min ago | 3.69 bp | 10.6 bp −$11 | 35.7 bp −$357 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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.Ondo Perps94.280cheapestVest94.290+0.011%Coinbase International94.290+0.011%
Ondo Perps
Vest
Coinbase InternationalNado94.294+0.015%
ApeX Omni94.320+0.042%Aftermath Perps94.330+0.053%tradeXYZ94.345+0.069%edgeX94.346+0.070%Polymarket Perps94.348+0.072%Phoenix94.362+0.087%Variational Omni94.364+0.089%
ApeX Omni
tradeXYZ
Polymarket Perps
Phoenix
Variational OmniSoDEX94.366+0.091%
Arcus94.380+0.106%Deribit94.380+0.106%Gate94.390+0.117%KuCoin94.390+0.117%Orderly94.390+0.117%Extended94.391+0.118%RISEx94.395+0.122%Binance94.398+0.125%Aster94.400+0.127%Pacifica94.400+0.127%Bybit94.400+0.127%Aevo94.401+0.129%Lighter RH94.406+0.134%Bitget94.410+0.138%Phemex94.410+0.138%Paradex94.413+0.141%OKX94.420+0.148%QFEX94.420+0.148%BloFin94.430+0.159%Lighter94.456+0.187%Injective94.720+0.467%
Arcus
Deribit
Gate
KuCoin
Orderly
Extended
RISEx
Binance
Aster
Pacifica
Bybit
Aevo
Lighter RH
Bitget
Phemex
Paradex
OKX
QFEX
BloFin
Lighter
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 | −0.015% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.004% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.004% | +0.0080% | 1h | $938K | $791K | 10x | as long as short |
| Nado CRCL-PERPlong | 0.000% | +0.0334% | 1h | $131K | $78K | 3x | |
| ApeX Omni CRCLUSDT | +0.028% | +0.0100% | 1h | $69K | $7K | 50x | as long as short |
| Aftermath Perps CRCLUSD | +0.038% | +0.0343% | 1h | $2K | $14K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.054% | +0.0115% | 1h | $71.3M | $40.3M | 10x | as long as short |
| edgeX CRCLUSDC | +0.055% | +0.0546% | 4h | $24K | $264K | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.057% | +0.0050% | 1h | $355K | $1.1M | 10x | as long as short |
| Phoenix CRCL | +0.072% | +0.0204% | 1h | $28K | $92K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni CRCL | +0.074% | +0.0094% | 8h | $2.2M | $2.9M | — | as long as short |
| SoDEX CRCL-USDshort | +0.076% | +0.0050% | 1h | $47K | $3K | 10x | |
| Arcus CRCL-USD | +0.091% | +0.0427% | 1h | $105K | $250K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.091% | +0.0386% | 1h | $4K | $801K | 10x | as long as short |
| Gate CRCL_USDT | +0.102% | 0.0000% | 8h | $7.2M | $25.8M | 50x | as long as short |
| KuCoin CRCLUSDTM | +0.102% | +0.0272% | 8h | $2.9M | $1.4M | 20x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.102% | +0.0100% | 8h | $941 | $3K | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.103% | +0.0168% | 1h | $1.1M | $3.1M | 10x | as long as short |
| RISEx CRCL/USDC | +0.107% | +0.0124% | 1h | $408K | $324K | 10x | as long as short |
| Binance CRCLUSDT | +0.110% | +0.0166% | 8h | $106.7M | $355.6M | 50x | as long as short |
| Aster CRCLUSDT | +0.112% | +0.0151% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Pacifica CRCL | +0.112% | +0.0100% | 1h | $76K | $98K | 10x | as long as short |
| Bybit CRCLUSDT | +0.112% | +0.0106% | 8h | $15.5M | $23.2M | 50x | as long as short |
| Aevo CRCL-PERP | +0.114% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Lighter RH CRCL | +0.119% | +0.0032% | 1h | $795K | $2.7M | 10x | as long as short |
| Bitget CRCLUSDT | +0.123% | +0.0287% | 8h | $16.9M | $33.1M | 25x | as long as short |
| Phemex CRCLUSDT | +0.123% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.127% | +0.0088% | 8h | $718 | $428 | 5x | as long as short |
| OKX CRCL-USDT-SWAP | +0.134% | +0.0214% | 8h | $22.7M | $56.1M | 50x | as long as short |
| QFEX CRCL-USD | +0.134% | +0.0049% | 1h | $1.4M | $2.6M | 10x | as long as short |
| BloFin CRCL-USDT | +0.144% | +0.0287% | 8h | $1.1M | $590K | 20x | as long as short |
| Lighter CRCL | +0.172% | +0.0296% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.452% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |