Spread before costs (cost unknown: a leg has no order-book sample)+0.027%
7d average—if it closes, per $10,000$3funding while held, a day−$0.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRCL | 95.905 | 0.0259 | pay 0.0032% / 1h | 33m 12s | $5K | $68K | 10x |
| Short | Aster CRCLUSDT | 95.931 | 0.0254 | get 0.0254% / 8h | 1h 33m | $1.3M | $4.1M | 20x |
Phoenix CRCL
Aster CRCLUSDTPrice 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
- $2.67
- Funding while held
- −$0.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$12.49
- Spread needed to break even
- 0.150%
Slippage unknown: Phoenix: no order-book sample; Aster: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0005%
- Per $10,000 a day
- −$0.16
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 2 min ago | 1.57 bp | 5.6 bp −$6 | 16.2 bp −$162 | doesn't fit | doesn't fit |
Phoenix: 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.ApeX Omni95.680cheapestAftermath Perps95.716+0.038%edgeX95.751+0.074%Variational Omni95.792+0.117%SoDEX95.824+0.151%Extended95.848+0.176%Lighter RH95.852+0.180%Pacifica95.859+0.187%Bybit95.860+0.188%Lighter95.869+0.198%Binance95.870+0.199%Vest95.870+0.199%Aevo95.878+0.207%Orderly95.880+0.209%Deribit95.880+0.209%Phemex95.880+0.209%OKX95.890+0.219%Coinbase International95.890+0.219%
ApeX Omni
Variational Omni
SoDEX
Extended
Lighter RH
Pacifica
Bybit
Lighter
Binance
Vest
Aevo
Orderly
Deribit
Phemex
OKX
Coinbase InternationalPhoenix95.905+0.235%
Aster95.931+0.262%
tradeXYZ95.944+0.276%Bitget95.960+0.293%Arcus95.970+0.303%RISEx95.970+0.303%Polymarket Perps95.988+0.322%Ondo Perps96.000+0.334%KuCoin96.000+0.334%Paradex96.005+0.339%BloFin96.010+0.345%Nado96.018+0.353%Gate96.030+0.366%QFEX96.050+0.387%Injective96.140+0.481%
tradeXYZ
Bitget
Arcus
RISEx
Polymarket Perps
Ondo Perps
KuCoin
Paradex
BloFin
Nado
Gate
QFEX
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CRCLUSDT | −0.235% | +0.0100% | 1h | $69K | $8K | 50x | as long as short |
| Aftermath Perps CRCLUSD | −0.197% | +0.0299% | 1h | $1K | $10K | 5x | as long as short |
| edgeX CRCLUSDC | −0.161% | +0.0260% | 4h | $21K | $262K | 10x | as long as short |
| Variational Omni CRCL | −0.118% | +0.0161% | 8h | $2.4M | $2.6M | — | as long as short |
| SoDEX CRCL-USD | −0.084% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.059% | +0.0248% | 1h | $1.0M | $3.0M | 10x | as long as short |
| Lighter RH CRCL | −0.055% | +0.0032% | 1h | $878K | $2.4M | 10x | as long as short |
| Pacifica CRCL | −0.048% | +0.0100% | 1h | $89K | $89K | 10x | as long as short |
| Bybit CRCLUSDT | −0.047% | +0.0154% | 8h | $16.1M | $21.2M | 50x | as long as short |
| Lighter CRCL | −0.038% | +0.0056% | 1h | $3.0M | $1.9M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance CRCLUSDT | −0.036% | +0.0245% | 8h | $107.1M | $307.1M | 50x | as long as short |
| Vest CRCL-USD-PERP | −0.036% | +0.0046% | 1h | — | $33K | 25x | as long as short |
| Aevo CRCL-PERP | −0.028% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.026% | +0.0100% | 8h | $956 | $3K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.026% | +0.0167% | 1h | $1K | $799K | 10x | as long as short |
| Phemex CRCLUSDT | −0.026% | 0.0000% | 4h | $1.1M | $47K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | −0.016% | +0.0221% | 8h | $22.7M | $50.7M | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.016% | +0.0080% | 1h | $940K | $743K | 10x | as long as short |
| Phoenix CRCLlong | 0.000% | +0.0259% | 1h | $5K | $68K | 10x | |
| Aster CRCLUSDTshort | +0.027% | +0.0254% | 8h | $1.3M | $4.1M | 20x | |
| tradeXYZ xyz:CRCL | +0.041% | +0.0155% | 1h | $76.4M | $35.0M | 10x | as long as short |
| Bitget CRCLUSDT | +0.057% | +0.0220% | 8h | $16.8M | $30.4M | 25x | as long as short |
| Arcus CRCL-USD | +0.068% | +0.0040% | 1h | $123K | $217K | 10x | as long as short |
| RISEx CRCL/USDC | +0.068% | +0.0336% | 1h | $414K | $324K | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.087% | +0.0050% | 1h | $381K | $1.1M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.099% | +0.0050% | 1h | $1.1M | $5.6M | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.099% | +0.0107% | 8h | $3.0M | $1.1M | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.104% | +0.0109% | 8h | $730 | $428 | 5x | as long as short |
| BloFin CRCL-USDT | +0.109% | +0.0365% | 8h | $1.1M | $491K | 20x | as long as short |
| Nado CRCL-PERP | +0.118% | +0.0182% | 1h | $131K | $77K | 3x | as long as short |
| Gate CRCL_USDT | +0.130% | 0.0000% | 8h | $7.2M | $23.0M | 50x | as long as short |
| QFEX CRCL-USD | +0.151% | +0.0042% | 1h | $1.4M | $2.5M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.245% | +0.0440% | 1h | $5K | $105K | 30x | as long as short |