Spread before costs (cost unknown: a leg has no order-book sample)+0.053%
7d average+0.029%if it closes, per $10,000$5funding while held, a day+$16.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps CRCL-USD.P | 94.030 | 0.0050 | pay 0.0006% / 1h | 28m 36s | $1.1M | $5.7M | 10x |
| Short | Arcus CRCL-USD | 94.080 | 0.0586 | get 0.0073% / 1h | 28m 36s | $104K | $252K | 10x |
Ondo Perps CRCL-USD.P
Arcus 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
- $5.32
- Funding while held
- $16.08
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $11.9
- Spread needed to break even
- 0.095%
Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 11 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0536%
- Per $10,000 a day
- +$16.08
- 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 11 min ago | 0.53 bp | 2.8 bp −$3 | 4.8 bp −$48 | doesn't fit | doesn't fit |
Ondo Perps: 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.SoDEX93.965cheapesttradeXYZ93.979+0.015%Nado93.992+0.029%Gate94.000+0.037%Vest94.000+0.037%Coinbase International94.000+0.037%Aster94.010+0.048%Pacifica94.010+0.048%Polymarket Perps94.018+0.056%Deribit94.020+0.059%Paradex94.028+0.067%
SoDEX
tradeXYZ
Nado
Gate
Vest
Coinbase International
Aster
Pacifica
Polymarket Perps
Deribit
ParadexOndo Perps94.030+0.069%
QFEX94.030+0.069%Extended94.033+0.072%KuCoin94.040+0.080%Phemex94.040+0.080%ApeX Omni94.050+0.090%Orderly94.050+0.090%Aevo94.054+0.094%Binance94.064+0.106%Bybit94.070+0.112%Bitget94.070+0.112%Lighter RH94.073+0.115%
QFEX
Extended
KuCoin
Phemex
ApeX Omni
Orderly
Aevo
Binance
Bybit
Bitget
Lighter RHArcus94.080+0.122%
BloFin94.080+0.122%RISEx94.084+0.126%Phoenix94.096+0.139%OKX94.100+0.144%Lighter94.119+0.164%Aftermath Perps94.148+0.194%Variational Omni94.340+0.399%edgeX94.439+0.505%Injective94.550+0.623%
BloFin
RISEx
Phoenix
OKX
Lighter
Variational Omni
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX CRCL-USD | −0.069% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.054% | +0.0129% | 1h | $71.1M | $40.0M | 10x | as long as short |
| Nado CRCL-PERP | −0.040% | +0.0327% | 1h | $131K | $67K | 3x | as long as short |
| Gate CRCL_USDT | −0.032% | 0.0000% | 8h | $7.1M | $25.8M | 50x | as long as short |
| Vest CRCL-USD-PERP | −0.032% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.032% | +0.0096% | 1h | $939K | $790K | 10x | as long as short |
| Aster CRCLUSDT | −0.021% | +0.0141% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Pacifica CRCL | −0.021% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.013% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.011% | +0.0495% | 1h | $4K | $802K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex CRCL-USD-PERP | −0.002% | +0.0090% | 8h | $715 | $428 | 5x | as long as short |
| Ondo Perps CRCL-USD.Plong | 0.000% | +0.0050% | 1h | $1.1M | $5.7M | 10x | |
| QFEX CRCL-USD | 0.000% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.003% | +0.0160% | 1h | $1.2M | $3.2M | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.011% | +0.0294% | 8h | $2.9M | $1.5M | 20x | as long as short |
| Phemex CRCLUSDT | +0.011% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| ApeX Omni CRCLUSDT | +0.021% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.021% | +0.0100% | 8h | $938 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.025% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Binance CRCLUSDT | +0.036% | +0.0160% | 8h | $107.1M | $360.2M | 50x | as long as short |
| Bybit CRCLUSDT | +0.043% | +0.0119% | 8h | $15.6M | $23.6M | 50x | as long as short |
| Bitget CRCLUSDT | +0.043% | +0.0310% | 8h | $16.7M | $33.3M | 25x | as long as short |
| Lighter RH CRCL | +0.046% | +0.0032% | 1h | $792K | $2.7M | 10x | as long as short |
| Arcus CRCL-USDshort | +0.053% | +0.0586% | 1h | $104K | $252K | 10x | |
| BloFin CRCL-USDT | +0.053% | +0.0282% | 8h | $1.1M | $588K | 20x | as long as short |
| RISEx CRCL/USDC | +0.057% | +0.0140% | 1h | $406K | $316K | 10x | as long as short |
| Phoenix CRCL | +0.070% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.074% | +0.0232% | 8h | $22.7M | $56.2M | 50x | as long as short |
| Lighter CRCL | +0.095% | +0.0296% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.125% | +0.0359% | 1h | $2K | $14K | 5x | as long as short |
| Variational Omni CRCL | +0.330% | +0.0097% | 8h | $2.5M | $3.2M | — | as long as short |
| edgeX CRCLUSDC | +0.435% | +0.0397% | 4h | $24K | $266K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.553% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |