Spread before costs (cost unknown: a leg has no order-book sample)+0.818%
7d average—if it closes, per $10,000$82funding while held, a day+$6.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CRCL-USDT-SWAP | 94.110 | 0.0230 | pay 0.0230% / 8h | 6h 29m | $22.7M | $56.2M | 50x |
| Short | Injective CRCL/USDC PERP | 94.880 | 0.0440 | get 0.0055% / 1h | 29m 33s | $5K | $58K | 30x |
OKX CRCL-USDT-SWAP
Injective CRCL/USDC PERPPrice 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
- $81.82
- Funding while held
- $6.3
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $78.1
- Spread needed to break even
- 0.100%
Slippage unknown: OKX: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0210%
- Per $10,000 a day
- +$6.30
- 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 OKX live order book, 6 min ago | 0.53 bp | 7.7 bp −$8 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Coinbase International94.000cheapestOndo Perps94.030+0.032%tradeXYZ94.048+0.051%Pacifica94.050+0.053%ApeX Omni94.050+0.053%Binance94.069+0.074%Bybit94.070+0.074%Gate94.070+0.074%Vest94.070+0.074%Nado94.073+0.077%Paradex94.081+0.086%KuCoin94.090+0.096%Bitget94.090+0.096%RISEx94.095+0.101%Extended94.098+0.104%QFEX94.100+0.106%Lighter RH94.109+0.116%
Coinbase International
Ondo Perps
tradeXYZ
Pacifica
ApeX Omni
Binance
Bybit
Gate
Vest
Nado
Paradex
KuCoin
Bitget
RISEx
Extended
QFEX
Lighter RHOKX94.110+0.117%
Phemex94.120+0.128%Polymarket Perps94.122+0.130%SoDEX94.123+0.131%Aster94.140+0.149%Deribit94.150+0.160%Lighter94.155+0.165%Orderly94.160+0.170%Aevo94.176+0.187%Arcus94.180+0.191%Aftermath Perps94.182+0.194%Phoenix94.300+0.319%BloFin94.310+0.330%Variational Omni94.340+0.362%edgeX94.439+0.467%
Phemex
Polymarket Perps
SoDEX
Aster
Deribit
Lighter
Orderly
Aevo
Arcus
Phoenix
BloFin
Variational OmniInjective94.880+0.936%
CRCL 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 | −0.117% | +0.0096% | 1h | $939K | $790K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.085% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.066% | +0.0130% | 1h | $71.1M | $40.0M | 10x | as long as short |
| Pacifica CRCL | −0.064% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.064% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Binance CRCLUSDT | −0.043% | +0.0162% | 8h | $107.1M | $360.2M | 50x | as long as short |
| Bybit CRCLUSDT | −0.043% | +0.0114% | 8h | $15.6M | $23.6M | 50x | as long as short |
| Gate CRCL_USDT | −0.043% | 0.0000% | 8h | $7.1M | $25.8M | 50x | as long as short |
| Vest CRCL-USD-PERP | −0.043% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERP | −0.039% | +0.0326% | 1h | $131K | $67K | 3x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex CRCL-USD-PERP | −0.031% | +0.0090% | 8h | $715 | $428 | 5x | as long as short |
| KuCoin CRCLUSDTM | −0.021% | +0.0294% | 8h | $2.9M | $1.5M | 20x | as long as short |
| Bitget CRCLUSDT | −0.021% | +0.0310% | 8h | $16.8M | $33.2M | 25x | as long as short |
| RISEx CRCL/USDC | −0.016% | +0.0140% | 1h | $406K | $316K | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.013% | +0.0160% | 1h | $1.2M | $3.2M | 10x | as long as short |
| QFEX CRCL-USD | −0.011% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Lighter RH CRCL | −0.001% | +0.0032% | 1h | $793K | $2.7M | 10x | as long as short |
| OKX CRCL-USDT-SWAPlong | 0.000% | +0.0230% | 8h | $22.7M | $56.2M | 50x | |
| Phemex CRCLUSDT | +0.011% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.013% | +0.0050% | 1h | $355K | $1.0M | 10x | as long as short |
| SoDEX CRCL-USD | +0.014% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Aster CRCLUSDT | +0.032% | +0.0144% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.043% | +0.0600% | 1h | $4K | $802K | 10x | as long as short |
| Lighter CRCL | +0.048% | +0.0296% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.053% | +0.0100% | 8h | $939 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.070% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Arcus CRCL-USD | +0.074% | +0.0586% | 1h | $104K | $251K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.077% | +0.0359% | 1h | $2K | $14K | 5x | as long as short |
| Phoenix CRCL | +0.202% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| BloFin CRCL-USDT | +0.213% | +0.0283% | 8h | $1.1M | $589K | 20x | as long as short |
| Variational Omni CRCL | +0.245% | +0.0097% | 8h | $2.5M | $3.2M | — | as long as short |
| edgeX CRCLUSDC | +0.350% | +0.0397% | 4h | $24K | $266K | 10x | as long as short |
| Injective CRCL/USDC PERPshort | +0.818% | +0.0440% | 1h | $5K | $58K | 30x |