Spread before costs (cost unknown: a leg has no order-book sample)−0.066%
7d average—if it closes, per $10,000$7funding while held, a day−$2.59
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRCL | 94.655 | 0.0294 | pay 0.0037% / 1h | 31m 10s | $28K | $92K | 10x |
| Short | Extended CRCL_24_5-USD | 94.593 | 0.0208 | get 0.0026% / 1h | 31m 10s | $1.0M | $3.1M | 10x |
Phoenix CRCL
Extended CRCL_24_5-USDPrice 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
- −$6.56
- Funding while held
- −$2.59
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$21.15
- Spread needed to break even
- 0.120%
Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0086%
- Per $10,000 a day
- −$2.59
- 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 Extended live order book, 4 min ago | 0.48 bp | 5.1 bp −$5 | 18.7 bp −$187 | 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.tradeXYZ94.490cheapestOKX94.520+0.032%Bitget94.530+0.042%Bybit94.560+0.074%KuCoin94.560+0.074%Binance94.570+0.085%SoDEX94.576+0.091%Lighter RH94.579+0.094%Vest94.580+0.095%Nado94.585+0.100%Deribit94.590+0.106%BloFin94.590+0.106%
tradeXYZ
OKX
Bitget
Bybit
KuCoin
Binance
SoDEX
Lighter RH
Vest
Nado
Deribit
BloFinExtended94.593+0.109%
Orderly94.600+0.116%Polymarket Perps94.607+0.124%Gate94.610+0.127%Aevo94.613+0.130%Arcus94.620+0.138%Paradex94.628+0.146%QFEX94.630+0.148%Variational Omni94.636+0.155%Aster94.638+0.156%Pacifica94.639+0.158%Phemex94.640+0.159%Lighter94.650+0.169%Ondo Perps94.650+0.169%RISEx94.650+0.169%
Orderly
Polymarket Perps
Gate
Aevo
Arcus
Paradex
QFEX
Variational Omni
Aster
Pacifica
Phemex
Lighter
Ondo Perps
RISExPhoenix94.655+0.175%
ApeX Omni94.670+0.190%Coinbase International94.700+0.222%edgeX94.700+0.222%Aftermath Perps94.711+0.234%Injective95.530+1.101%
ApeX Omni
Coinbase International
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | −0.174% | +0.0050% | 1h | $71.6M | $39.6M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | −0.143% | +0.0205% | 8h | $22.6M | $53.2M | 50x | as long as short |
| Bitget CRCLUSDT | −0.132% | +0.0267% | 8h | $16.4M | $32.0M | 25x | as long as short |
| Bybit CRCLUSDT | −0.100% | +0.0148% | 8h | $16.0M | $22.0M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.100% | +0.0214% | 8h | $2.9M | $1.3M | 20x | as long as short |
| Binance CRCLUSDT | −0.090% | +0.0207% | 8h | $107.2M | $335.3M | 50x | as long as short |
| SoDEX CRCL-USD | −0.083% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Lighter RH CRCL | −0.080% | +0.0032% | 1h | $815K | $2.6M | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.079% | +0.0046% | 1h | — | $41K | 25x | as long as short |
| Nado CRCL-PERP | −0.074% | +0.0285% | 1h | $132K | $79K | 3x | as long as short |