Spread before costs (cost unknown: a leg has no order-book sample)−0.063%
7d average—if it closes, per $10,000$6funding while held, a day+$7.22
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex CRCL-USD-PERP | 93.982 | 0.0092 | pay 0.0092% / 8h | 5h 04m | $714 | $428 | 5x |
| Short | Nado CRCL-PERP | 93.923 | 0.0332 | get 0.0042% / 1h | 4m 10s | $131K | $67K | 3x |
Paradex CRCL-USD-PERP
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
- −$6.25
- Funding while held
- $7.22
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$10.03
- Spread needed to break even
- 0.110%
Slippage unknown: Paradex: no order-book sample; Nado: live order book, 30 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0241%
- Per $10,000 a day
- +$7.22
- 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 Nado live order book, 30 min ago | 1.59 bp | 7.1 bp −$7 | 22.1 bp −$221 | 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.Vest93.850cheapest
VestNado93.923+0.078%
Phoenix93.937+0.093%Ondo Perps93.950+0.107%tradeXYZ93.965+0.123%Aster93.967+0.125%Variational Omni93.968+0.126%Arcus93.980+0.139%QFEX93.980+0.139%
Phoenix
Ondo Perps
tradeXYZ
Aster
Variational Omni
Arcus
QFEXParadex93.982+0.140%
RISEx93.985+0.144%Polymarket Perps93.990+0.149%Orderly93.990+0.149%BloFin93.990+0.149%SoDEX93.996+0.156%KuCoin94.000+0.160%Pacifica94.004+0.164%Binance94.010+0.170%Phemex94.010+0.170%Gate94.020+0.181%Lighter RH94.021+0.182%Extended94.027+0.188%Aevo94.027+0.189%edgeX94.029+0.191%Bybit94.030+0.192%Aftermath Perps94.032+0.194%Deribit94.040+0.202%Coinbase International94.040+0.202%Lighter94.059+0.223%OKX94.060+0.224%Bitget94.060+0.224%ApeX Omni94.090+0.256%Injective94.740+0.948%
RISEx
Polymarket Perps
Orderly
BloFin
SoDEX
KuCoin
Pacifica
Binance
Phemex
Gate
Lighter RH
Extended
Aevo
Bybit
Deribit
Coinbase International
Lighter
OKX
Bitget
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 | −0.140% | +0.0034% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERPshort | −0.063% | +0.0332% | 1h | $131K | $67K | 3x | |
| Phoenix CRCL | −0.048% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.034% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.018% | +0.0050% | 1h | $70.6M | $41.0M | 10x | as long as short |
| Aster CRCLUSDT | −0.015% | +0.0135% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Variational Omni CRCL | −0.014% | +0.0103% | 8h | $2.5M | $3.2M | — | as long as short |
| Arcus CRCL-USD | −0.002% | +0.0651% | 1h | $101K | $257K | 10x | as long as short |
| QFEX CRCL-USD | −0.002% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Paradex CRCL-USD-PERPlong | 0.000% | +0.0092% | 8h | $714 | $428 | 5x |