Spread before costs (cost unknown: a leg has no order-book sample)−0.010%
7d average—if it closes, per $10,000$1funding while held, a day+$7.46
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps CRCL-USD | 94.670 | 0.0050 | pay 0.0006% / 1h | 39m 58s | $357K | $1.1M | 10x |
| Short | Aftermath Perps CRCLUSD | 94.660 | 0.0299 | get 0.0037% / 1h | 39m 58s | $2K | $13K | 5x |
Polymarket Perps CRCL-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
- −$1.03
- Funding while held
- $7.46
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- −$10.57
- Spread needed to break even
- 0.170%
Slippage unknown: Polymarket Perps: live order book, 5 min ago; Aftermath Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0249%
- Per $10,000 a day
- +$7.46
- 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 Polymarket Perps live order book, 5 min ago | 0.37 bp | 8.8 bp −$9 | 9.0 bp −$90 | 11.8 bp −$1,177 | doesn't fit |
| Sell Aftermath Perps no order-book sample | — | — | — | — | — |
Aftermath 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.Vest94.600cheapestNado94.605+0.006%Phemex94.640+0.042%
Vest
Nado
PhemexPolymarket Perps94.670+0.074%
Arcus94.700+0.106%QFEX94.700+0.106%ApeX Omni94.700+0.106%RISEx94.720+0.127%Aster94.730+0.137%Deribit94.730+0.137%Coinbase International94.730+0.137%Aevo94.733+0.141%Variational Omni94.734+0.141%Paradex94.734+0.141%SoDEX94.739+0.147%tradeXYZ94.740+0.148%Ondo Perps94.750+0.159%Lighter RH94.756+0.165%Orderly94.760+0.169%Pacifica94.760+0.169%Extended94.763+0.173%Binance94.769+0.179%edgeX94.778+0.188%Gate94.780+0.190%Phoenix94.783+0.193%Bybit94.790+0.201%Lighter94.795+0.206%OKX94.800+0.211%KuCoin94.820+0.233%Bitget94.820+0.233%BloFin94.840+0.254%Injective95.240+0.677%
Arcus
QFEX
ApeX Omni
RISEx
Aster
Deribit
Coinbase International
Aevo
Variational Omni
Paradex
SoDEX
tradeXYZ
Ondo Perps
Lighter RH
Orderly
Pacifica
Extended
Binance
Gate
Phoenix
Bybit
Lighter
OKX
KuCoin
Bitget
BloFin
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 | −0.074% | +0.0038% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERP | −0.068% | +0.0293% | 1h | $132K | $78K | 3x | as long as short |
| Phemex CRCLUSDT | −0.032% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Aftermath Perps CRCLUSDshort | −0.010% | +0.0299% | 1h | $2K | $13K | 5x | |
| Polymarket Perps CRCL-USDlong | 0.000% | +0.0050% | 1h | $357K | $1.1M | 10x | |
| Arcus CRCL-USD | +0.032% | +0.0427% | 1h | $106K | $250K | 10x | as long as short |
| QFEX CRCL-USD | +0.032% | +0.0049% | 1h | $1.4M | $2.6M | 10x | as long as short |
| ApeX Omni CRCLUSDT | +0.032% | +0.0100% | 1h | $70K | $7K | 50x | as long as short |
| RISEx CRCL/USDC | +0.053% | +0.0124% | 1h | $405K | $336K | 10x | as long as short |
| Aster CRCLUSDT | +0.063% | +0.0165% | 8h | $1.1M | $4.6M | 20x | as long as short |