After costs, if the gap returns to its 7d average, $10k−$96
spread now+0.155%7d average−0.033%fees + slippage, in and out−$115spread needed1.153%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CRCLUSDT | 93.430 | 0 | get 0.0000% / 4h | 2h 01m | $1.0M | $45K | 10x |
| Short | tradeXYZ xyz:CRCL | 93.575 | 0.0095 | get 0.0012% / 1h | 1m 16s | $70.4M | $40.6M | 10x |
Phemex CRCLUSDT
tradeXYZ xyz: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
- $15.52
- Funding while held
- $2.84
- Slippage, 4 orders
- −$85.26
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$96.9
- Spread needed to break even
- 1.153%
Slippage from Phemex: live order book, 3 min ago; tradeXYZ: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0095%
- Per $10,000 a day
- +$2.84
- 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 | 1.07 bp | 52.7 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.11 bp | 10.5 bp −$11 | 11.4 bp −$114 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni93.070cheapestedgeX93.255+0.199%Coinbase International93.300+0.247%Ondo Perps93.310+0.258%BloFin93.330+0.279%Phoenix93.361+0.313%Vest93.400+0.355%
ApeX Omni
Coinbase International
Ondo Perps
BloFin
Phoenix
VestPhemex93.430+0.387%
Variational Omni93.443+0.401%Pacifica93.532+0.496%Aster93.555+0.521%Aftermath Perps93.556+0.522%Nado93.569+0.536%
Variational Omni
Pacifica
Aster
NadotradeXYZ93.575+0.543%
Polymarket Perps93.579+0.547%Lighter RH93.600+0.569%OKX93.600+0.569%KuCoin93.600+0.569%Orderly93.600+0.569%SoDEX93.605+0.575%Binance93.610+0.580%Bybit93.610+0.580%Gate93.610+0.580%Extended93.611+0.582%Arcus93.620+0.591%Deribit93.620+0.591%Paradex93.625+0.597%Aevo93.626+0.597%RISEx93.635+0.607%QFEX93.640+0.612%Bitget93.640+0.612%Lighter93.677+0.652%Injective94.150+1.160%
Polymarket Perps
Lighter RH
OKX
KuCoin
Orderly
SoDEX
Binance
Bybit
Gate
Extended
Arcus
Deribit
Paradex
Aevo
RISEx
QFEX
Bitget
Lighter
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CRCLUSDT | −0.385% | +0.0100% | 1h | $68K | $5K | 50x | as long as short |
| edgeX CRCLUSDC | −0.187% | +0.0943% | 4h | $23K | $266K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.139% | +0.0096% | 1h | $935K | $783K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.128% | +0.0050% | 1h | $1.1M | $5.6M | 10x | as long as short |
| BloFin CRCL-USDT | −0.107% | +0.0265% | 8h | $1.1M | $592K | 20x | as long as short |
| Phoenix CRCL | −0.074% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.032% | +0.0044% | 1h | — | $45K | 25x | as long as short |
| Phemex CRCLUSDTlong | 0.000% | 0.0000% | 4h | $1.0M | $45K | 10x | |
| Variational Omni CRCL | +0.014% | +0.0092% | 8h | $2.5M | $3.2M | — | as long as short |
| Pacifica CRCL | +0.109% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster CRCLUSDT | +0.133% | +0.0126% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Aftermath Perps CRCLUSD | +0.135% | +0.0368% | 1h | $2K | $15K | 5x | as long as short |
| Nado CRCL-PERP | +0.148% | +0.0327% | 1h | $130K | $67K | 3x | as long as short |
| tradeXYZ xyz:CRCLshort | +0.155% | +0.0095% | 1h | $70.4M | $40.6M | 10x | |
| Polymarket Perps CRCL-USD | +0.159% | +0.0050% | 1h | $353K | $1.0M | 10x | as long as short |
| Lighter RH CRCL | +0.182% | +0.0032% | 1h | $792K | $2.7M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.182% | +0.0239% | 8h | $22.6M | $57.2M | 50x | as long as short |
| KuCoin CRCLUSDTM | +0.182% | +0.0269% | 8h | $2.9M | $1.6M | 20x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.182% | +0.0100% | 8h | $933 | $3K | 10x | as long as short |
| SoDEX CRCL-USD | +0.187% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Binance CRCLUSDT | +0.193% | +0.0146% | 8h | $106.4M | $364.9M | 50x | as long as short |
| Bybit CRCLUSDT | +0.193% | +0.0053% | 8h | $15.0M | $24.4M | 50x | as long as short |
| Gate CRCL_USDT | +0.193% | 0.0000% | 8h | $7.1M | $26.4M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.194% | +0.0144% | 1h | $1.1M | $3.5M | 10x | as long as short |
| Arcus CRCL-USD | +0.203% | +0.0586% | 1h | $101K | $254K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.203% | +0.0284% | 1h | $4K | $802K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.209% | +0.0085% | 8h | $712 | $428 | 5x | as long as short |
| Aevo CRCL-PERP | +0.210% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| RISEx CRCL/USDC | +0.219% | +0.0140% | 1h | $400K | $315K | 10x | as long as short |
| QFEX CRCL-USD | +0.225% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Bitget CRCLUSDT | +0.225% | +0.0325% | 8h | $16.7M | $33.5M | 25x | as long as short |
| Lighter CRCL | +0.264% | +0.0296% | 1h | $2.9M | $2.1M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.771% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |