data as of
Settings8H · net · $10k
Price arb /

CRCL

RWAall CRCL markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)−0.136%
7d averageif it closes, per $10,000$14funding while held, a day+$1.50
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_CRCL_USDC_mythos95.7700.0100pay 0.0100% / 8h1h 28m$955$3K10x
ShortBybit CRCLUSDT95.6400.0150get 0.0150% / 8h1h 28m$16.0M$21.3M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$13.57
Funding while held
$1.5
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$29.07
Spread needed to break even
0.170%
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0050%
Per $10,000 a day
+$1.50
Average in range /8h

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Bybit live order book, 1 min ago1.56 bp11.1 bp −$1123.1 bp −$231110.2 bp −$11.0Kdoesn't fit
Orderly: 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.

CRCL on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended CRCL_24_5-USD−0.208%+0.0240%1h$1.0M$3.0M10xas long as short
Bitget CRCLUSDT−0.188%+0.0226%8h$16.6M$30.6M25xas long as short
tradeXYZ xyz:CRCL−0.163%+0.0156%1h$76.1M$35.4M10xas long as short
Binance CRCLUSDT−0.152%+0.0243%8h$107.6M$308.9M50xas long as short
Bybit CRCLUSDTshort−0.136%+0.0150%8h$16.0M$21.3M50x
KuCoin CRCLUSDTM−0.136%+0.0112%8h$3.0M$1.1M20xas long as short
OKX CRCL-USDT-SWAP−0.104%+0.0222%8h$22.7M$50.8M50xas long as short
Gate CRCL_USDT−0.084%0.0000%8h$7.2M$23.2M50xas long as short
Deribit CRCL_USDC-PERPETUAL−0.073%+0.0168%1h$1K$799K10xas long as short
Aster CRCLUSDT−0.069%+0.0252%8h$1.3M$4.1M20xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SoDEX CRCL-USD−0.032%+0.0050%1h$48K$3K10xas long as short
Lighter RH CRCL−0.018%+0.0032%1h$878K$2.4M10xas long as short
BloFin CRCL-USDT−0.010%+0.0363%8h$1.1M$491K20xas long as short
Lighter CRCL−0.009%+0.0072%1h$3.0M$1.9M10xas long as short
Aevo CRCL-PERP0.000%+0.0104%1h$410xas long as short
Orderly PERP_CRCL_USDC_mythoslong0.000%+0.0100%8h$955$3K10x
Nado CRCL-PERP+0.070%+0.0191%1h$131K$77K3xas long as short
Arcus CRCL-USD+0.073%+0.0040%1h$123K$218K10xas long as short
Aftermath Perps CRCLUSD+0.083%+0.0298%1h$1K$10K5xas long as short
QFEX CRCL-USD+0.084%+0.0042%1h$1.4M$2.5M10xas long as short
Vest CRCL-USD-PERP+0.084%+0.0046%1h$33K25xas long as short
Polymarket Perps CRCL-USD+0.094%+0.0050%1h$381K$1.1M10xas long as short
Phemex CRCLUSDT+0.125%0.0000%4h$1.1M$47K10xas long as short
Pacifica CRCL+0.136%+0.0100%1h$89K$89K10xas long as short
RISEx CRCL/USDC+0.162%+0.0336%1h$414K$324K10xas long as short
Phoenix CRCL+0.162%+0.0259%1h$28K$68K10xas long as short
Paradex CRCL-USD-PERP+0.171%+0.0107%8h$729$4285xas long as short
Ondo Perps CRCL-USD.P+0.178%+0.0050%1h$1.1M$5.6M10xas long as short
edgeX CRCLUSDC+0.198%+0.0876%4h$21K$262K10xas long as short
ApeX Omni CRCLUSDT+0.230%+0.0100%1h$70K$8K50xas long as short
Coinbase International CRCL-PERP-INTX+0.230%+0.0080%1h$941K$744K10xas long as short
Variational Omni CRCL+0.232%+0.0157%8h$2.4M$2.6Mas long as short
Injective CRCL/USDC PERP+0.710%+0.0440%1h$5K$105K30xas long as short