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+$1.56
| 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 | Extended CRCL_24_5-USD | 94.290 | 0.0152 | get 0.0019% / 1h | 43m 55s | $1.1M | $3.2M | 10x |
Orderly PERP_CRCL_USDC_mythos
Extended CRCL_24_5-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
- −$2.12
- Funding while held
- $1.56
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$11.56
- Spread needed to break even
- 0.110%
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0052%
- Per $10,000 a day
- +$1.56
- 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 Extended live order book, 1 min ago | 0.58 bp | 5.3 bp −$5 | 22.8 bp −$228 | 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 International94.100cheapestOndo Perps94.180+0.085%edgeX94.189+0.094%Vest94.200+0.106%ApeX Omni94.220+0.128%Nado94.230+0.139%Pacifica94.240+0.149%Aster94.245+0.154%OKX94.270+0.181%Arcus94.270+0.181%QFEX94.270+0.181%tradeXYZ94.273+0.184%Polymarket Perps94.278+0.189%Paradex94.278+0.189%Bybit94.280+0.191%Gate94.280+0.191%
Coinbase International
Ondo Perps
Vest
ApeX Omni
Nado
Pacifica
Aster
OKX
Arcus
QFEX
tradeXYZ
Polymarket Perps
Paradex
Bybit
GateExtended94.290+0.202%
RISEx94.290+0.202%Bitget94.290+0.202%Deribit94.290+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%Lighter RH94.306+0.219%SoDEX94.306+0.219%Binance94.310+0.223%
RISEx
Bitget
Deribit
Phemex
Variational Omni
Aevo
Phoenix
BloFin
Lighter RH
SoDEX
BinanceOrderly94.310+0.223%
Lighter94.337+0.252%KuCoin94.340+0.255%Injective94.760+0.701%
Lighter
KuCoin
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 |
| 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 |
| Vest CRCL-USD-PERP | −0.117% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| ApeX Omni CRCLUSDT | −0.095% | +0.0100% | 1h | $69K | $6K | 50x | as long as short |
| Nado CRCL-PERP | −0.084% | +0.0338% | 1h | $132K | $66K | 3x | as long as short |
| Pacifica CRCL | −0.074% | +0.0100% | 1h | $76K | $96K | 10x | as long as short |
| Aster CRCLUSDT | −0.069% | +0.0134% | 8h | $1.1M | $4.6M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | −0.042% | +0.0221% | 8h | $22.7M | $56.3M | 50x | as long as short |
| Arcus CRCL-USD | −0.042% | +0.0586% | 1h | $104K | $251K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX CRCL-USD | −0.042% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.039% | +0.0152% | 1h | $71.3M | $40.3M | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.034% | +0.0050% | 1h | $355K | $1.1M | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.034% | +0.0086% | 8h | $717 | $428 | 5x | as long as short |
| Bybit CRCLUSDT | −0.032% | +0.0117% | 8h | $15.6M | $23.4M | 50x | as long as short |
| Gate CRCL_USDT | −0.032% | 0.0000% | 8h | $7.2M | $25.7M | 50x | as long as short |
| Extended CRCL_24_5-USDshort | −0.021% | +0.0152% | 1h | $1.1M | $3.2M | 10x | |
| RISEx CRCL/USDC | −0.021% | +0.0140% | 1h | $407K | $316K | 10x | as long as short |
| Bitget CRCLUSDT | −0.021% | +0.0304% | 8h | $16.9M | $33.2M | 25x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.021% | +0.0281% | 1h | $4K | $802K | 10x | as long as short |
| 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 |
| Lighter RH CRCL | −0.004% | +0.0032% | 1h | $794K | $2.7M | 10x | as long as short |
| SoDEX CRCL-USD | −0.004% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Binance CRCLUSDT | 0.000% | +0.0153% | 8h | $107.4M | $359.0M | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythoslong | 0.000% | +0.0100% | 8h | $940 | $3K | 10x | |
| Lighter CRCL | +0.029% | +0.0272% | 1h | $2.9M | $2.0M | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.032% | +0.0302% | 8h | $2.9M | $1.4M | 20x | as long as short |
| Injective CRCL/USDC PERP | +0.477% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |