After costs, if the gap returns to its 7d average, $10k−$123
spread now+0.074%7d average—fees + slippage, in and out−$130spread needed1.303%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CRCLUSDT | 94.690 | 0 | get 0.0000% / 4h | 3h 40m | $1.0M | $45K | 10x |
| Short | Pacifica CRCL | 94.760 | 0.0100 | get 0.0013% / 1h | 40m 43s | $76K | $98K | 10x |
Phemex CRCLUSDT
Pacifica CRCLPrice 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
- $7.4
- Funding while held
- $3
- Slippage, 4 orders
- −$110.32
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$119.92
- Spread needed to break even
- 1.303%
Slippage from Phemex: live order book, 3 min ago; Pacifica: live order book, 35 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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, 3 min ago | 3.69 bp | 48.7 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 35 min ago | 13.30 bp | 21.1 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Aftermath Perps94.605cheapestCoinbase International94.690+0.090%
Coinbase InternationalPhemex94.690+0.090%
Extended94.700+0.101%Arcus94.700+0.101%ApeX Omni94.700+0.101%OKX94.710+0.111%tradeXYZ94.719+0.121%RISEx94.720+0.122%Vest94.730+0.133%Nado94.730+0.133%Variational Omni94.734+0.136%Paradex94.734+0.136%Gate94.740+0.143%Binance94.750+0.154%Bybit94.750+0.154%Ondo Perps94.750+0.154%
Extended
Arcus
ApeX Omni
OKX
tradeXYZ
RISEx
Vest
Nado
Variational Omni
Paradex
Gate
Binance
Bybit
Ondo PerpsPacifica94.760+0.164%
Lighter RH94.762+0.166%QFEX94.770+0.175%Bitget94.770+0.175%edgeX94.778+0.183%Polymarket Perps94.778+0.183%Phoenix94.783+0.189%KuCoin94.790+0.196%Lighter94.806+0.213%Aster94.810+0.217%BloFin94.840+0.249%SoDEX94.841+0.250%Orderly94.850+0.259%Deribit94.850+0.259%Aevo94.874+0.285%Injective95.240+0.672%
Lighter RH
QFEX
Bitget
Polymarket Perps
Phoenix
KuCoin
Lighter
Aster
BloFin
SoDEX
Orderly
Deribit
Aevo
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aftermath Perps CRCLUSD | −0.090% | +0.0293% | 1h | $2K | $13K | 5x | as long as short |
| Coinbase International CRCL-PERP-INTX | 0.000% | +0.0080% | 1h | $941K | $798K | 10x | as long as short |
| Phemex CRCLUSDTlong | 0.000% | 0.0000% | 4h | $1.0M | $45K | 10x | |
| Extended CRCL_24_5-USD | +0.010% | +0.0176% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Arcus CRCL-USD | +0.011% | +0.0427% | 1h | $106K | $250K | 10x | as long as short |
| ApeX Omni CRCLUSDT | +0.011% | +0.0100% | 1h | $70K | $7K | 50x | as long as short |
| OKX CRCL-USDT-SWAP | +0.021% | +0.0205% | 8h | $22.8M | $55.7M | 50x | as long as short |
| tradeXYZ xyz:CRCL | +0.031% | +0.0060% | 1h | $71.2M | $40.0M | 10x | as long as short |
| RISEx CRCL/USDC | +0.032% | +0.0124% | 1h | $405K | $336K | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.042% | +0.0038% | 1h | — | $45K | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado CRCL-PERP | +0.043% | +0.0288% | 1h | $132K | $78K | 3x | as long as short |
| Variational Omni CRCL | +0.046% | +0.0094% | 8h | $2.2M | $2.9M | — | as long as short |
| Paradex CRCL-USD-PERP | +0.046% | +0.0086% | 8h | $720 | $428 | 5x | as long as short |
| Gate CRCL_USDT | +0.053% | 0.0000% | 8h | $7.1M | $25.3M | 50x | as long as short |
| Binance CRCLUSDT | +0.063% | +0.0173% | 8h | $107.2M | $351.7M | 50x | as long as short |
| Bybit CRCLUSDT | +0.063% | +0.0089% | 8h | $15.5M | $23.3M | 50x | as long as short |
| Ondo Perps CRCL-USD.P | +0.063% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Pacifica CRCLshort | +0.074% | +0.0100% | 1h | $76K | $98K | 10x | |
| Lighter RH CRCL | +0.076% | +0.0032% | 1h | $795K | $2.7M | 10x | as long as short |
| QFEX CRCL-USD | +0.084% | +0.0049% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Bitget CRCLUSDT | +0.084% | +0.0269% | 8h | $16.7M | $33.0M | 25x | as long as short |
| edgeX CRCLUSDC | +0.093% | +0.0475% | 4h | $24K | $264K | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.093% | +0.0050% | 1h | $357K | $1.1M | 10x | as long as short |
| Phoenix CRCL | +0.098% | +0.0204% | 1h | $28K | $92K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.106% | +0.0238% | 8h | $2.9M | $1.4M | 20x | as long as short |
| Lighter CRCL | +0.123% | +0.0256% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Aster CRCLUSDT | +0.127% | +0.0165% | 8h | $1.1M | $4.6M | 20x | as long as short |
| BloFin CRCL-USDT | +0.158% | +0.0293% | 8h | $1.1M | $586K | 20x | as long as short |
| SoDEX CRCL-USD | +0.159% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.169% | +0.0100% | 8h | $946 | $3K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.169% | +0.0594% | 1h | $4K | $802K | 10x | as long as short |
| Aevo CRCL-PERP | +0.194% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.581% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |