Spread before costs (cost unknown: a leg has no order-book sample)−0.021%
7d average—if it closes, per $10,000$2funding while held, a day+$5.42
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_CRCL_USDC_mythos | 94.310 | 0.0100 | pay 0.0100% / 8h | 6h 43m | $940 | $3K | 10x |
| Short | Deribit CRCL_USDC-PERPETUAL | 94.290 | 0.0281 | get 0.0035% / 1h | 43m 38s | $4K | $802K | 10x |
Orderly PERP_CRCL_USDC_mythos
Deribit CRCL_USDC-PERPETUALPrice 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
- −$2.12
- Funding while held
- $5.42
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$9.7
- Spread needed to break even
- 0.130%
Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 57 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0181%
- Per $10,000 a day
- +$5.42
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 57 min ago | 7.38 bp | 11.9 bp −$12 | 17.1 bp −$171 | doesn't fit | doesn'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.Coinbase International94.100cheapestArcus94.160+0.064%QFEX94.160+0.064%Bitget94.160+0.064%tradeXYZ94.161+0.065%Extended94.170+0.074%Binance94.170+0.074%Bybit94.180+0.085%Ondo Perps94.180+0.085%edgeX94.189+0.094%OKX94.190+0.096%Pacifica94.193+0.099%RISEx94.195+0.101%Vest94.200+0.106%Paradex94.201+0.107%Gate94.210+0.117%KuCoin94.210+0.117%ApeX Omni94.220+0.128%Lighter RH94.222+0.130%Aster94.226+0.134%Nado94.230+0.139%Lighter94.260+0.170%Polymarket Perps94.278+0.189%
Coinbase International
Arcus
QFEX
Bitget
tradeXYZ
Extended
Binance
Bybit
Ondo Perps
OKX
Pacifica
RISEx
Vest
Paradex
Gate
KuCoin
ApeX Omni
Lighter RH
Aster
Nado
Lighter
Polymarket PerpsDeribit94.290+0.202%
Phemex94.290+0.202%Variational Omni94.298+0.211%Aftermath Perps94.300+0.212%Aevo94.300+0.213%Phoenix94.300+0.213%BloFin94.300+0.213%SoDEX94.306+0.219%
Phemex
Variational Omni
Aevo
Phoenix
BloFin
SoDEXOrderly94.310+0.223%
Injective94.760+0.701%
InjectiveCRCL 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 | −0.223% | +0.0096% | 1h | $936K | $788K | 10x | as long as short |
| Arcus CRCL-USD | −0.159% | +0.0586% | 1h | $104K | $251K | 10x | as long as short |
| QFEX CRCL-USD | −0.159% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Bitget CRCLUSDT | −0.159% | +0.0304% | 8h | $16.9M | $33.2M | 25x | as long as short |
| tradeXYZ xyz:CRCL | −0.158% | +0.0147% | 1h | $71.2M | $40.3M | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.148% | +0.0152% | 1h | $1.1M | $3.2M | 10x | as long as short |
| Binance CRCLUSDT | −0.148% | +0.0153% | 8h | $107.2M | $359.0M | 50x | as long as short |
| Bybit CRCLUSDT | −0.138% | +0.0101% | 8h | $15.6M | $23.4M | 50x | as long as short |
| Ondo Perps CRCL-USD.P | −0.138% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| edgeX CRCLUSDC | −0.128% | +0.0372% | 4h | $24K | $266K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX CRCL-USDT-SWAP | −0.127% | +0.0220% | 8h | $22.7M | $56.3M | 50x | as long as short |
| Pacifica CRCL | −0.124% | +0.0100% | 1h | $75K | $96K | 10x | as long as short |
| RISEx CRCL/USDC | −0.122% | +0.0140% | 1h | $407K | $316K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.117% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Paradex CRCL-USD-PERP | −0.116% | +0.0085% | 8h | $716 | $428 | 5x | as long as short |
| Gate CRCL_USDT | −0.106% | 0.0000% | 8h | $7.1M | $25.7M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.106% | +0.0302% | 8h | $2.9M | $1.4M | 20x | as long as short |
| ApeX Omni CRCLUSDT | −0.095% | +0.0100% | 1h | $69K | $6K | 50x | as long as short |
| Lighter RH CRCL | −0.093% | +0.0032% | 1h | $793K | $2.7M | 10x | as long as short |
| Aster CRCLUSDT | −0.089% | +0.0134% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Nado CRCL-PERP | −0.084% | +0.0338% | 1h | $132K | $66K | 3x | as long as short |
| Lighter CRCL | −0.053% | +0.0272% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.034% | +0.0050% | 1h | $355K | $1.1M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUALshort | −0.021% | +0.0281% | 1h | $4K | $802K | 10x | |
| Phemex CRCLUSDT | −0.021% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Variational Omni CRCL | −0.012% | +0.0083% | 8h | $2.5M | $3.2M | — | as long as short |
| Aftermath Perps CRCLUSD | −0.011% | +0.0354% | 1h | $2K | $14K | 5x | as long as short |
| Aevo CRCL-PERP | −0.011% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Phoenix CRCL | −0.011% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| BloFin CRCL-USDT | −0.011% | +0.0273% | 8h | $1.1M | $589K | 20x | as long as short |
| SoDEX CRCL-USD | −0.004% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythoslong | 0.000% | +0.0100% | 8h | $940 | $3K | 10x | |
| Injective CRCL/USDC PERP | +0.477% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |