Spread before costs (cost unknown: a leg has no order-book sample)−0.108%
7d average—if it closes, per $10,000$11funding while held, a day+$6.95
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_CRCL_USDC_mythos | 93.930 | 0.0100 | pay 0.0100% / 8h | 5h 18m | $936 | $3K | 10x |
| Short | Nado CRCL-PERP | 93.828 | 0.0332 | get 0.0041% / 1h | 18m 46s | $131K | $67K | 3x |
Orderly PERP_CRCL_USDC_mythos
Nado CRCL-PERPPrice 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
- −$10.82
- Funding while held
- $6.95
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$16.87
- Spread needed to break even
- 0.130%
Slippage unknown: Orderly: no order-book sample; Nado: live order book, 15 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0232%
- Per $10,000 a day
- +$6.95
- 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 Nado live order book, 15 min ago | 1.59 bp | 7.1 bp −$7 | 22.1 bp −$221 | 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.Vest93.790cheapesttradeXYZ93.803+0.014%
Vest
tradeXYZNado93.828+0.041%
Lighter RH93.846+0.060%Bybit93.850+0.064%Coinbase International93.850+0.064%Binance93.860+0.075%OKX93.870+0.085%Ondo Perps93.870+0.085%Gate93.870+0.085%Polymarket Perps93.888+0.104%Pacifica93.890+0.107%Bitget93.890+0.107%SoDEX93.895+0.112%Extended93.895+0.112%Lighter93.897+0.114%KuCoin93.900+0.117%Paradex93.906+0.123%Deribit93.910+0.128%BloFin93.910+0.128%Aster93.917+0.135%Arcus93.920+0.139%Aevo93.925+0.144%Variational Omni93.928+0.147%QFEX93.930+0.149%
Lighter RH
Bybit
Coinbase International
Binance
OKX
Ondo Perps
Gate
Polymarket Perps
Pacifica
Bitget
SoDEX
Extended
Lighter
KuCoin
Paradex
Deribit
BloFin
Aster
Arcus
Aevo
Variational Omni
QFEXOrderly93.930+0.149%
Phemex93.930+0.149%RISEx93.935+0.155%Phoenix93.950+0.171%edgeX93.960+0.181%Aftermath Perps93.967+0.189%ApeX Omni94.060+0.288%Injective94.420+0.672%
Phemex
RISEx
Phoenix
ApeX Omni
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | −0.149% | +0.0030% | 1h | — | $45K | 25x | as long as short |
| tradeXYZ xyz:CRCL | −0.135% | +0.0050% | 1h | $70.7M | $40.8M | 10x | as long as short |
| Nado CRCL-PERPshort | −0.108% | +0.0332% | 1h | $131K | $67K | 3x | |
| Lighter RH CRCL | −0.089% | +0.0032% | 1h | $794K | $2.7M | 10x | as long as short |
| Bybit CRCLUSDT | −0.085% | +0.0051% | 8h | $15.0M | $24.7M | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.085% | +0.0120% | 1h | $940K | $742K | 10x | as long as short |
| Binance CRCLUSDT | −0.075% | +0.0156% | 8h | $106.9M | $369.8M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | −0.064% | +0.0246% | 8h | $22.6M | $58.0M | 50x | as long as short |
| Ondo Perps CRCL-USD.P | −0.064% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Gate CRCL_USDT | −0.064% | 0.0000% | 8h | $7.1M | $26.4M | 50x | as long as short |