After costs, if the gap returns to its 7d average, $10k−$108
spread now−0.095%7d average−0.013%fees + slippage, in and out−$100spread needed1.003%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CRCL-USDT-SWAP | 94.400 | 0.0214 | pay 0.0214% / 8h | 7h 11m | $22.7M | $56.1M | 50x |
| Short | Phemex CRCLUSDT | 94.310 | 0 | get 0.0000% / 4h | 3h 11m | $1.0M | $46K | 10x |
OKX CRCL-USDT-SWAP
Phemex CRCLUSDTPrice 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
- −$9.53
- Funding while held
- −$6.42
- Slippage, 4 orders
- −$78.26
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$116.22
- Spread needed to break even
- 1.003%
Slippage from OKX: live order book, 3 min ago; Phemex: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0214%
- Per $10,000 a day
- −$6.42
- 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, 3 min ago | 0.53 bp | 9.5 bp −$10 | 18.1 bp −$181 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 3.18 bp | 43.2 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni94.150cheapestPhoenix94.181+0.033%edgeX94.185+0.037%Variational Omni94.230+0.085%Vest94.250+0.106%Ondo Perps94.280+0.138%Coinbase International94.290+0.149%Nado94.294+0.153%BloFin94.300+0.159%Aftermath Perps94.307+0.167%Pacifica94.310+0.170%
ApeX Omni
Phoenix
Variational Omni
Vest
Ondo Perps
Coinbase International
Nado
BloFin
PacificaPhemex94.310+0.170%
SoDEX94.316+0.176%Polymarket Perps94.317+0.177%Deribit94.320+0.181%QFEX94.330+0.191%Arcus94.340+0.202%RISEx94.340+0.202%tradeXYZ94.345+0.207%Orderly94.350+0.212%Aevo94.358+0.221%Gate94.370+0.234%Paradex94.373+0.236%Binance94.390+0.255%Bybit94.390+0.255%KuCoin94.390+0.255%Aster94.400+0.266%
SoDEX
Polymarket Perps
Deribit
QFEX
Arcus
RISEx
tradeXYZ
Orderly
Aevo
Gate
Paradex
Binance
Bybit
KuCoin
AsterOKX94.400+0.266%
Lighter RH94.407+0.273%Extended94.409+0.275%Bitget94.410+0.276%Lighter94.428+0.295%Injective94.720+0.605%
Lighter RH
Extended
Bitget
Lighter
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CRCLUSDT | −0.265% | +0.0100% | 1h | $69K | $7K | 50x | as long as short |
| Phoenix CRCL | −0.232% | +0.0204% | 1h | $28K | $92K | 10x | as long as short |
| edgeX CRCLUSDC | −0.228% | +0.0064% | 4h | $24K | $266K | 10x | as long as short |
| Variational Omni CRCL | −0.180% | +0.0090% | 8h | $2.2M | $2.9M | — | as long as short |
| Vest CRCL-USD-PERP | −0.159% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Ondo Perps CRCL-USD.P | −0.127% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.117% | +0.0080% | 1h | $938K | $791K | 10x | as long as short |
| Nado CRCL-PERP | −0.112% | +0.0334% | 1h | $131K | $78K | 3x | as long as short |
| BloFin CRCL-USDT | −0.106% | +0.0288% | 8h | $1.1M | $589K | 20x | as long as short |
| Aftermath Perps CRCLUSD | −0.098% | +0.0345% | 1h | $2K | $13K | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica CRCL | −0.095% | +0.0100% | 1h | $76K | $98K | 10x | as long as short |
| Phemex CRCLUSDTshort | −0.095% | 0.0000% | 4h | $1.0M | $46K | 10x | |
| SoDEX CRCL-USD | −0.089% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.088% | +0.0050% | 1h | $355K | $1.1M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.085% | +0.0174% | 1h | $4K | $801K | 10x | as long as short |
| QFEX CRCL-USD | −0.074% | +0.0049% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Arcus CRCL-USD | −0.064% | +0.0427% | 1h | $105K | $250K | 10x | as long as short |
| RISEx CRCL/USDC | −0.064% | +0.0124% | 1h | $407K | $324K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.058% | +0.0117% | 1h | $71.3M | $40.3M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.053% | +0.0100% | 8h | $941 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | −0.045% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Gate CRCL_USDT | −0.032% | 0.0000% | 8h | $7.1M | $25.8M | 50x | as long as short |
| Paradex CRCL-USD-PERP | −0.029% | +0.0089% | 8h | $717 | $428 | 5x | as long as short |
| Binance CRCLUSDT | −0.011% | +0.0169% | 8h | $106.7M | $355.4M | 50x | as long as short |
| Bybit CRCLUSDT | −0.011% | +0.0129% | 8h | $15.5M | $23.2M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.011% | +0.0269% | 8h | $2.9M | $1.4M | 20x | as long as short |
| Aster CRCLUSDT | 0.000% | +0.0152% | 8h | $1.1M | $4.6M | 20x | as long as short |
| OKX CRCL-USDT-SWAPlong | 0.000% | +0.0214% | 8h | $22.7M | $56.1M | 50x | |
| Lighter RH CRCL | +0.007% | +0.0032% | 1h | $795K | $2.7M | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.010% | +0.0168% | 1h | $1.1M | $3.1M | 10x | as long as short |
| Bitget CRCLUSDT | +0.011% | +0.0285% | 8h | $16.9M | $33.1M | 25x | as long as short |
| Lighter CRCL | +0.030% | +0.0296% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.339% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |