Spread before costs (cost unknown: a leg has no order-book sample)−0.008%
7d average—if it closes, per $10,000$1funding while held, a day−$1.24
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica CRCL | 93.628 | 0.0100 | pay 0.0013% / 1h | 13m 38s | $75K | $95K | 10x |
| Short | Bybit CRCLUSDT | 93.620 | 0.0059 | get 0.0059% / 8h | 6h 13m | $15.4M | $23.8M | 50x |
Pacifica CRCL
Bybit 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
- −$0.82
- Funding while held
- −$1.24
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$21.05
- Spread needed to break even
- 0.190%
Slippage unknown: Pacifica: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0041%
- Per $10,000 a day
- −$1.24
- 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 Bybit live order book, 1 min ago | 0.53 bp | 11.3 bp −$11 | 20.0 bp −$200 | 85.9 bp −$8,590 | 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.Vest93.520cheapestNado93.563+0.046%tradeXYZ93.577+0.061%Ondo Perps93.600+0.086%
Vest
Nado
tradeXYZ
Ondo PerpsBybit93.620+0.107%
Gate93.620+0.107%Binance93.624+0.111%Extended93.624+0.112%RISEx93.627+0.114%
Gate
Binance
Extended
RISExPacifica93.628+0.115%
OKX93.630+0.118%Arcus93.630+0.118%Polymarket Perps93.631+0.119%Paradex93.638+0.126%KuCoin93.640+0.128%Aster93.658+0.148%QFEX93.660+0.150%Bitget93.660+0.150%Lighter RH93.661+0.151%ApeX Omni93.670+0.160%Lighter93.685+0.176%SoDEX93.686+0.178%Orderly93.690+0.182%Coinbase International93.700+0.192%Deribit93.710+0.203%Aevo93.722+0.216%Phemex93.730+0.225%BloFin93.740+0.235%edgeX93.794+0.293%Aftermath Perps93.821+0.322%Variational Omni93.913+0.420%Phoenix93.944+0.453%Injective94.450+0.994%
OKX
Arcus
Polymarket Perps
Paradex
KuCoin
Aster
QFEX
Bitget
Lighter RH
ApeX Omni
Lighter
SoDEX
Orderly
Coinbase International
Deribit
Aevo
Phemex
BloFin
Variational Omni
Phoenix
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 | −0.115% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERP | −0.069% | +0.0329% | 1h | $130K | $67K | 3x | as long as short |
| tradeXYZ xyz:CRCL | −0.054% | +0.0108% | 1h | $70.8M | $40.1M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.030% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Bybit CRCLUSDTshort | −0.008% | +0.0059% | 8h | $15.4M | $23.8M | 50x | |
| Gate CRCL_USDT | −0.008% | 0.0000% | 8h | $7.1M | $26.1M | 50x | as long as short |
| Binance CRCLUSDT | −0.004% | +0.0157% | 8h | $106.4M | $361.9M | 50x | as long as short |
| Extended CRCL_24_5-USD | −0.003% | +0.0160% | 1h | $1.0M | $3.4M | 10x | as long as short |
| RISEx CRCL/USDC | −0.001% | +0.0140% | 1h | $404K | $314K | 10x | as long as short |
| Pacifica CRCLlong | 0.000% | +0.0100% | 1h | $75K | $95K | 10x |