After costs, if the gap returns to its 7d average, $10k−$102
spread now+0.127%7d average+0.026%fees + slippage, in and out−$113spread needed1.125%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CRCLUSDT | 94.640 | 0 | get 0.0000% / 4h | 3h 39m | $1.0M | $45K | 10x |
| Short | Gate CRCL_USDT | 94.760 | 0 | get 0.0000% / 8h | 7h 39m | $7.1M | $25.3M | 50x |
Phemex CRCLUSDT
Gate CRCL_USDTPrice 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
- $12.68
- Funding while held
- $0
- Slippage, 4 orders
- −$85.5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$99.82
- Spread needed to break even
- 1.125%
Slippage from Phemex: live order book, 4 min ago; Gate: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Phemex live order book, 4 min ago | 3.69 bp | 48.7 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 1.58 bp | 13.2 bp −$13 | 29.9 bp −$299 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Nado94.605cheapest
NadoPhemex94.640+0.037%
Aftermath Perps94.660+0.058%Vest94.670+0.068%Polymarket Perps94.685+0.084%QFEX94.690+0.089%Paradex94.700+0.100%ApeX Omni94.700+0.100%Extended94.700+0.100%Arcus94.710+0.111%Aster94.730+0.132%Bitget94.730+0.132%Deribit94.730+0.132%Coinbase International94.730+0.132%tradeXYZ94.733+0.135%Pacifica94.733+0.135%Aevo94.733+0.135%Variational Omni94.734+0.136%SoDEX94.739+0.141%Binance94.740+0.142%RISEx94.740+0.142%Ondo Perps94.750+0.153%KuCoin94.750+0.153%OKX94.760+0.163%
Vest
Polymarket Perps
QFEX
Paradex
ApeX Omni
Extended
Arcus
Aster
Bitget
Deribit
Coinbase International
tradeXYZ
Pacifica
Aevo
Variational Omni
SoDEX
Binance
RISEx
Ondo Perps
KuCoin
OKXGate94.760+0.163%
Orderly94.760+0.163%Lighter RH94.770+0.174%Bybit94.770+0.174%edgeX94.810+0.216%Lighter94.814+0.221%Phoenix94.817+0.224%BloFin94.840+0.248%Injective95.240+0.671%
Orderly
Lighter RH
Bybit
Lighter
Phoenix
BloFin
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado CRCL-PERP | −0.037% | +0.0293% | 1h | $132K | $78K | 3x | as long as short |
| Phemex CRCLUSDTlong | 0.000% | 0.0000% | 4h | $1.0M | $45K | 10x | |
| Aftermath Perps CRCLUSD | +0.021% | +0.0299% | 1h | $2K | $13K | 5x | as long as short |
| Vest CRCL-USD-PERP | +0.032% | +0.0038% | 1h | — | $45K | 25x | as long as short |
| Polymarket Perps CRCL-USD | +0.048% | +0.0050% | 1h | $357K | $1.1M | 10x | as long as short |
| QFEX CRCL-USD | +0.053% | +0.0049% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.063% | +0.0087% | 8h | $720 | $428 | 5x | as long as short |
| ApeX Omni CRCLUSDT | +0.063% | +0.0100% | 1h | $70K | $7K | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.064% | +0.0176% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Arcus CRCL-USD | +0.074% | +0.0427% | 1h | $106K | $250K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster CRCLUSDT | +0.095% | +0.0165% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Bitget CRCLUSDT | +0.095% | +0.0270% | 8h | $16.7M | $33.0M | 25x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.095% | +0.0489% | 1h | $4K | $802K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.095% | +0.0080% | 1h | $942K | $799K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.098% | +0.0068% | 1h | $71.3M | $39.9M | 10x | as long as short |
| Pacifica CRCL | +0.098% | +0.0100% | 1h | $76K | $98K | 10x | as long as short |
| Aevo CRCL-PERP | +0.099% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Variational Omni CRCL | +0.099% | +0.0094% | 8h | $2.2M | $2.9M | — | as long as short |
| SoDEX CRCL-USD | +0.105% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| Binance CRCLUSDT | +0.106% | +0.0172% | 8h | $107.2M | $351.8M | 50x | as long as short |
| RISEx CRCL/USDC | +0.106% | +0.0124% | 1h | $405K | $336K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.116% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.116% | +0.0240% | 8h | $2.9M | $1.4M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | +0.127% | +0.0206% | 8h | $22.8M | $55.8M | 50x | as long as short |
| Gate CRCL_USDTshort | +0.127% | 0.0000% | 8h | $7.1M | $25.3M | 50x | |
| Orderly PERP_CRCL_USDC_mythos | +0.127% | +0.0100% | 8h | $945 | $3K | 10x | as long as short |
| Lighter RH CRCL | +0.137% | +0.0032% | 1h | $795K | $2.7M | 10x | as long as short |
| Bybit CRCLUSDT | +0.137% | +0.0116% | 8h | $15.5M | $23.3M | 50x | as long as short |
| edgeX CRCLUSDC | +0.180% | +0.0416% | 4h | $24K | $264K | 10x | as long as short |
| Lighter CRCL | +0.184% | +0.0264% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Phoenix CRCL | +0.187% | +0.0204% | 1h | $28K | $92K | 10x | as long as short |
| BloFin CRCL-USDT | +0.211% | +0.0293% | 8h | $1.1M | $586K | 20x | as long as short |
| Injective CRCL/USDC PERP | +0.634% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |