Spread before costs (cost unknown: a leg has no order-book sample)−0.087%
7d average—if it closes, per $10,000$9funding while held, a day−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_CRCL_USDC_mythos | 93.800 | 0.0100 | pay 0.0100% / 8h | 6h 09m | $935 | $3K | 10x |
| Short | SoDEX CRCL-USD | 93.718 | 0.0050 | get 0.0006% / 1h | 9m 28s | $47K | $3K | 10x |
Orderly PERP_CRCL_USDC_mythos
SoDEX 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
- −$8.74
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$24.24
- Spread needed to break even
- 0.140%
Slippage unknown: Orderly: no order-book sample; SoDEX: no order-book sample. 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Orderly no order-book sample | — | — | — | — | — |
| Sell SoDEX no order-book sample | — | — | — | — | — |
Orderly and SoDEX: 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.Vest93.530cheapestNado93.535+0.006%Ondo Perps93.540+0.011%ApeX Omni93.570+0.043%Phoenix93.586+0.060%tradeXYZ93.590+0.064%Polymarket Perps93.636+0.113%Pacifica93.650+0.128%Bybit93.660+0.139%OKX93.660+0.139%Gate93.660+0.139%Bitget93.660+0.139%Paradex93.670+0.149%Binance93.670+0.150%Phemex93.670+0.150%Extended93.680+0.160%Arcus93.680+0.160%QFEX93.680+0.160%RISEx93.690+0.171%KuCoin93.690+0.171%Lighter RH93.696+0.177%Coinbase International93.700+0.182%
Vest
Nado
Ondo Perps
ApeX Omni
Phoenix
tradeXYZ
Polymarket Perps
Pacifica
Bybit
OKX
Gate
Bitget
Paradex
Binance
Phemex
Extended
Arcus
QFEX
RISEx
KuCoin
Lighter RH
Coinbase InternationalSoDEX93.718+0.201%
edgeX93.719+0.202%Aster93.725+0.208%Lighter93.738+0.222%BloFin93.750+0.235%Variational Omni93.753+0.238%Aftermath Perps93.788+0.276%Aevo93.789+0.277%Deribit93.790+0.278%
Aster
Lighter
BloFin
Variational Omni
Aevo
DeribitOrderly93.800+0.289%
Injective94.150+0.663%
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 | −0.288% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERP | −0.282% | +0.0329% | 1h | $130K | $67K | 3x | as long as short |
| Ondo Perps CRCL-USD.P | −0.277% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.245% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Phoenix CRCL | −0.228% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.224% | +0.0109% | 1h | $70.8M | $40.1M | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.175% | +0.0050% | 1h | $353K | $1.0M | 10x | as long as short |
| Pacifica CRCL | −0.160% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Bybit CRCLUSDT | −0.149% | +0.0072% | 8h | $15.4M | $23.8M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | −0.149% | +0.0247% | 8h | $22.6M | $56.6M | 50x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate CRCL_USDT | −0.149% | 0.0000% | 8h | $7.1M | $26.2M | 50x | as long as short |
| Bitget CRCLUSDT | −0.149% | +0.0321% | 8h | $16.6M | $33.4M | 25x | as long as short |
| Paradex CRCL-USD-PERP | −0.139% | +0.0087% | 8h | $712 | $428 | 5x | as long as short |
| Binance CRCLUSDT | −0.139% | +0.0159% | 8h | $106.4M | $362.5M | 50x | as long as short |
| Phemex CRCLUSDT | −0.139% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.128% | +0.0160% | 1h | $1.1M | $3.4M | 10x | as long as short |
| Arcus CRCL-USD | −0.128% | +0.0586% | 1h | $102K | $253K | 10x | as long as short |
| QFEX CRCL-USD | −0.128% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| RISEx CRCL/USDC | −0.117% | +0.0140% | 1h | $405K | $313K | 10x | as long as short |
| KuCoin CRCLUSDTM | −0.117% | +0.0277% | 8h | $2.9M | $1.5M | 20x | as long as short |
| Lighter RH CRCL | −0.111% | +0.0032% | 1h | $796K | $2.7M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.107% | +0.0096% | 1h | $939K | $786K | 10x | as long as short |
| SoDEX CRCL-USDshort | −0.087% | +0.0050% | 1h | $47K | $3K | 10x | |
| edgeX CRCLUSDC | −0.087% | +0.0730% | 4h | $23K | $265K | 10x | as long as short |
| Aster CRCLUSDT | −0.080% | +0.0137% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Lighter CRCL | −0.066% | +0.0312% | 1h | $2.9M | $2.1M | 10x | as long as short |
| BloFin CRCL-USDT | −0.053% | +0.0277% | 8h | $1.1M | $593K | 20x | as long as short |
| Variational Omni CRCL | −0.050% | +0.0091% | 8h | $2.5M | $3.2M | — | as long as short |
| Aftermath Perps CRCLUSD | −0.013% | +0.0372% | 1h | $2K | $15K | 5x | as long as short |
| Aevo CRCL-PERP | −0.012% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.011% | +0.0604% | 1h | $4K | $802K | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythoslong | 0.000% | +0.0100% | 8h | $935 | $3K | 10x | |
| Injective CRCL/USDC PERP | +0.373% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |