Spread before costs (cost unknown: a leg has no order-book sample)+0.074%
7d average—if it closes, per $10,000$7funding while held, a day+$5.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica CRCL | 95.090 | 0.0100 | pay 0.0013% / 1h | 45m 40s | $90K | $90K | 10x |
| Short | Bitget CRCLUSDT | 95.160 | 0.0271 | get 0.0271% / 8h | 45m 40s | $16.6M | $31.8M | 25x |
Pacifica CRCL
Bitget CRCLUSDTPrice 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
- $7.36
- Funding while held
- $5.13
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$7.51
- Spread needed to break even
- 0.200%
Slippage unknown: Pacifica: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0171%
- Per $10,000 a day
- +$5.13
- 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 Pacifica no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 5 min ago | 1.58 bp | 10.1 bp −$10 | 14.3 bp −$143 | 62.3 bp −$6,225 | doesn't fit |
Pacifica: 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.ApeX Omni94.770cheapestPhoenix94.799+0.031%Aftermath Perps94.918+0.156%edgeX94.962+0.203%BloFin95.010+0.253%Ondo Perps95.080+0.327%Vest95.080+0.327%Phemex95.080+0.327%
ApeX Omni
Phoenix
BloFin
Ondo Perps
Vest
PhemexPacifica95.090+0.338%
SoDEX95.098+0.346%tradeXYZ95.106+0.355%Deribit95.130+0.380%Lighter RH95.134+0.384%Extended95.136+0.386%Gate95.140+0.390%Aevo95.141+0.392%Binance95.150+0.401%Arcus95.150+0.401%RISEx95.150+0.401%Paradex95.159+0.410%Bybit95.160+0.412%OKX95.160+0.412%
SoDEX
tradeXYZ
Deribit
Lighter RH
Extended
Gate
Aevo
Binance
Arcus
RISEx
Paradex
Bybit
OKXBitget95.160+0.412%
Orderly95.160+0.412%Lighter95.183+0.436%Variational Omni95.184+0.437%Coinbase International95.190+0.443%Polymarket Perps95.195+0.448%Nado95.225+0.480%QFEX95.230+0.485%KuCoin95.250+0.506%Aster95.271+0.529%Injective95.810+1.097%
Orderly
Lighter
Variational Omni
Coinbase International
Polymarket Perps
Nado
QFEX
KuCoin
Aster
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CRCLUSDT | −0.337% | +0.0100% | 1h | $70K | $8K | 50x | as long as short |
| Phoenix CRCL | −0.306% | +0.0294% | 1h | $28K | $92K | 10x | as long as short |
| Aftermath Perps CRCLUSD | −0.181% | +0.0334% | 1h | $1K | $12K | 5x | as long as short |
| edgeX CRCLUSDC | −0.134% | +0.0122% | 4h | $21K | $262K | 10x | as long as short |
| BloFin CRCL-USDT | −0.084% | +0.0346% | 8h | $1.1M | $511K | 20x | as long as short |
| Ondo Perps CRCL-USD.P | −0.011% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.011% | +0.0046% | 1h | — | $41K | 25x | as long as short |
| Phemex CRCLUSDT | −0.011% | 0.0000% | 4h | $1.0M | $47K | 10x | as long as short |
| Pacifica CRCLlong | 0.000% | +0.0100% | 1h | $90K | $90K | 10x | |
| SoDEX CRCL-USD | +0.008% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | +0.017% | +0.0056% | 1h | $72.5M | $39.1M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.042% | +0.0171% | 1h | $4K | $801K | 10x | as long as short |
| Lighter RH CRCL | +0.046% | +0.0032% | 1h | $867K | $2.5M | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.048% | +0.0232% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Gate CRCL_USDT | +0.053% | 0.0000% | 8h | $7.1M | $24.3M | 50x | as long as short |
| Aevo CRCL-PERP | +0.054% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Binance CRCLUSDT | +0.063% | +0.0234% | 8h | $107.7M | $330.3M | 50x | as long as short |
| Arcus CRCL-USD | +0.063% | +0.0063% | 1h | $114K | $250K | 10x | as long as short |
| RISEx CRCL/USDC | +0.063% | +0.0101% | 1h | $407K | $334K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.072% | +0.0096% | 8h | $723 | $428 | 5x | as long as short |
| Bybit CRCLUSDT | +0.074% | +0.0161% | 8h | $16.0M | $21.9M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | +0.074% | +0.0219% | 8h | $22.7M | $52.9M | 50x | as long as short |
| Bitget CRCLUSDTshort | +0.074% | +0.0271% | 8h | $16.6M | $31.8M | 25x | |
| Orderly PERP_CRCL_USDC_mythos | +0.074% | +0.0100% | 8h | $949 | $3K | 10x | as long as short |
| Lighter CRCL | +0.098% | +0.0280% | 1h | $3.0M | $1.9M | 10x | as long as short |
| Variational Omni CRCL | +0.099% | +0.0154% | 8h | $2.4M | $2.7M | — | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.105% | +0.0088% | 1h | $934K | $744K | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.110% | +0.0050% | 1h | $350K | $1.1M | 10x | as long as short |
| Nado CRCL-PERP | +0.142% | +0.0335% | 1h | $133K | $79K | 3x | as long as short |
| QFEX CRCL-USD | +0.147% | +0.0046% | 1h | $1.4M | $2.5M | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.168% | +0.0232% | 8h | $3.0M | $1.2M | 20x | as long as short |
| Aster CRCLUSDT | +0.191% | +0.0228% | 8h | $1.1M | $4.4M | 20x | as long as short |
| Injective CRCL/USDC PERP | +0.757% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |