Spread before costs (cost unknown: a leg has no order-book sample)−0.053%
7d average−0.095%if it closes, per $10,000$5funding while held, a day+$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CRCLUSDT | 93.970 | 0 | get 0.0000% / 4h | 1h 06m | $1.0M | $46K | 10x |
| Short | Ondo Perps CRCL-USD.P | 93.920 | 0.0050 | get 0.0006% / 1h | 6m 02s | $1.1M | $5.7M | 10x |
Phemex CRCLUSDT
Ondo Perps CRCL-USD.PPrice 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
- −$5.32
- Funding while held
- $1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$20.81
- Spread needed to break even
- 0.170%
Slippage unknown: Phemex: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.51
- 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, 3 min ago | 1.59 bp | 42.3 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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.Vest93.810cheapestNado93.887+0.082%
Vest
NadoOndo Perps93.920+0.117%
QFEX93.930+0.128%Paradex93.932+0.130%tradeXYZ93.937+0.135%Arcus93.940+0.139%Pacifica93.941+0.140%Polymarket Perps93.946+0.145%BloFin93.950+0.149%
QFEX
Paradex
tradeXYZ
Arcus
Pacifica
Polymarket Perps
BloFinPhemex93.970+0.171%
SoDEX93.971+0.172%Gate93.980+0.181%Deribit93.980+0.181%Aftermath Perps93.984+0.186%Lighter RH93.987+0.189%Extended93.989+0.191%RISEx93.990+0.192%KuCoin93.990+0.192%Binance94.000+0.203%Bybit94.000+0.203%Aevo94.004+0.207%Aster94.010+0.213%Bitget94.010+0.213%Orderly94.010+0.213%OKX94.020+0.224%Lighter94.027+0.231%Coinbase International94.040+0.245%ApeX Omni94.090+0.298%edgeX94.229+0.446%Phoenix94.238+0.456%Variational Omni94.238+0.457%Injective94.740+0.991%
SoDEX
Gate
Deribit
Lighter RH
Extended
RISEx
KuCoin
Binance
Bybit
Aevo
Aster
Bitget
Orderly
OKX
Lighter
Coinbase International
ApeX Omni
Phoenix
Variational 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 | −0.170% | +0.0033% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERP | −0.088% | +0.0330% | 1h | $131K | $67K | 3x | as long as short |
| Ondo Perps CRCL-USD.Pshort | −0.053% | +0.0050% | 1h | $1.1M | $5.7M | 10x | |
| QFEX CRCL-USD | −0.043% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.040% | +0.0089% | 8h | $714 | $428 | 5x | as long as short |
| tradeXYZ xyz:CRCL | −0.035% | +0.0050% | 1h | $70.6M | $41.0M | 10x | as long as short |
| Arcus CRCL-USD | −0.032% | +0.0651% | 1h | $101K | $257K | 10x | as long as short |
| Pacifica CRCL | −0.031% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.026% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| BloFin CRCL-USDT | −0.021% | +0.0277% | 8h | $1.1M | $566K | 20x | as long as short |