Spread before costs (cost unknown: a leg has no order-book sample)−0.145%
7d average—if it closes, per $10,000$15funding while held, a day+$0.23
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex CRCL-USD-PERP | 94.137 | 0.0088 | pay 0.0088% / 8h | 6h 25m | $715 | $428 | 5x |
| Short | Coinbase International CRCL-PERP-INTX | 94.000 | 0.0096 | get 0.0012% / 1h | 25m 24s | $939K | $789K | 10x |
Paradex CRCL-USD-PERP
Coinbase International CRCL-PERP-INTXPrice 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
- −$14.52
- Funding while held
- $0.23
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$28.3
- Spread needed to break even
- 0.140%
Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 24 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0008%
- Per $10,000 a day
- +$0.23
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 24 min ago | 6.37 bp | 11.7 bp −$12 | 15.1 bp −$151 | doesn't fit | doesn't fit |
Paradex: 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 Omni93.950cheapest
ApeX OmniCoinbase International94.000+0.053%
Ondo Perps94.030+0.085%Vest94.060+0.117%Nado94.064+0.121%Aster94.095+0.154%edgeX94.098+0.157%Pacifica94.120+0.181%Extended94.136+0.198%
Ondo Perps
Vest
Nado
Aster
Pacifica
ExtendedParadex94.137+0.199%
tradeXYZ94.138+0.200%QFEX94.140+0.202%Gate94.140+0.202%Binance94.142+0.204%Arcus94.150+0.213%Lighter RH94.155+0.218%Polymarket Perps94.160+0.224%RISEx94.164+0.228%Bybit94.170+0.234%Bitget94.170+0.234%Phemex94.170+0.234%KuCoin94.180+0.245%BloFin94.180+0.245%SoDEX94.186+0.251%Aftermath Perps94.199+0.265%OKX94.200+0.266%Lighter94.206+0.272%Phoenix94.206+0.272%Deribit94.210+0.277%Aevo94.228+0.296%Orderly94.240+0.309%Variational Omni94.250+0.320%Injective94.550+0.639%
tradeXYZ
QFEX
Gate
Binance
Arcus
Lighter RH
Polymarket Perps
RISEx
Bybit
Bitget
Phemex
KuCoin
BloFin
SoDEX
OKX
Lighter
Phoenix
Deribit
Aevo
Orderly
Variational Omni
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CRCLUSDT | −0.198% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Coinbase International CRCL-PERP-INTXshort | −0.145% | +0.0096% | 1h | $939K | $789K | 10x | |
| Ondo Perps CRCL-USD.P | −0.113% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.082% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERP | −0.078% | +0.0324% | 1h | $131K | $67K | 3x | as long as short |
| Aster CRCLUSDT | −0.044% | +0.0143% | 8h | $1.1M | $4.6M | 20x | as long as short |
| edgeX CRCLUSDC | −0.041% | +0.0613% | 4h | $24K | $264K | 10x | as long as short |
| Pacifica CRCL | −0.018% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.001% | +0.0160% | 1h | $1.2M | $3.2M | 10x | as long as short |
| Paradex CRCL-USD-PERPlong | 0.000% | +0.0088% | 8h | $715 | $428 | 5x |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | +0.001% | +0.0122% | 1h | $71.2M | $40.0M | 10x | as long as short |
| QFEX CRCL-USD | +0.003% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Gate CRCL_USDT | +0.003% | 0.0000% | 8h | $7.1M | $25.9M | 50x | as long as short |
| Binance CRCLUSDT | +0.005% | +0.0160% | 8h | $107.2M | $360.5M | 50x | as long as short |
| Arcus CRCL-USD | +0.014% | +0.0586% | 1h | $104K | $252K | 10x | as long as short |
| Lighter RH CRCL | +0.019% | +0.0032% | 1h | $793K | $2.7M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.025% | +0.0050% | 1h | $355K | $1.0M | 10x | as long as short |
| RISEx CRCL/USDC | +0.029% | +0.0140% | 1h | $407K | $316K | 10x | as long as short |
| Bybit CRCLUSDT | +0.035% | +0.0118% | 8h | $15.6M | $23.6M | 50x | as long as short |
| Bitget CRCLUSDT | +0.035% | +0.0311% | 8h | $16.7M | $33.3M | 25x | as long as short |
| Phemex CRCLUSDT | +0.035% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.046% | +0.0294% | 8h | $2.9M | $1.5M | 20x | as long as short |
| BloFin CRCL-USDT | +0.046% | +0.0280% | 8h | $1.1M | $588K | 20x | as long as short |
| SoDEX CRCL-USD | +0.052% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.066% | +0.0356% | 1h | $2K | $14K | 5x | as long as short |
| OKX CRCL-USDT-SWAP | +0.067% | +0.0235% | 8h | $22.7M | $56.3M | 50x | as long as short |
| Lighter CRCL | +0.074% | +0.0296% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Phoenix CRCL | +0.074% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.078% | +0.0387% | 1h | $4K | $802K | 10x | as long as short |
| Aevo CRCL-PERP | +0.097% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.110% | +0.0100% | 8h | $940 | $3K | 10x | as long as short |
| Variational Omni CRCL | +0.121% | +0.0098% | 8h | $2.5M | $3.2M | — | as long as short |
| Injective CRCL/USDC PERP | +0.439% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |