data as of
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Price arb /

CRCL

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After costs, if the gap returns to its 7d average, $10k−$22
spread now+0.021%7d average−0.023%fees + slippage, in and out−$26spread needed0.259%
Long on Polymarket PerpsShort on Arcus
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps CRCL-USD94.2600.0050pay 0.0006% / 1h44m 48s$355K$1.1M10x
ShortArcus CRCL-USD94.2800.0586get 0.0073% / 1h44m 48s$104K$251K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$2.12
Funding while held
$16.09
Slippage, 4 orders
−$13.44
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$7.72
Spread needed to break even
0.259%
Slippage from Polymarket Perps: live order book, 5 min ago; Arcus: live order book, 60 min ago.

Cost of waiting

funding view
Funding /8h
+0.0536%
Per $10,000 a day
+$16.09
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 5 min ago2.02 bp6.0 bp −$66.4 bp −$6410.1 bp −$1,009doesn't fit
Sell Arcus live order book, 60 min ago1.59 bp3.8 bp −$48.7 bp −$87doesn't fitdoesn't fit

CRCL price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International94.100cheapestVest94.170+0.074%Nado94.170+0.075%Ondo Perps94.180+0.085%edgeX94.189+0.094%ApeX Omni94.220+0.128%Pacifica94.240+0.149%Aster94.250+0.160%tradeXYZ94.254+0.164%QFEX94.260+0.170%
Polymarket Perps94.260+0.170%
Arcus94.280+0.191%
Aftermath Perps94.282+0.193%RISEx94.285+0.197%Bybit94.290+0.202%Phemex94.290+0.202%Paradex94.293+0.205%Variational Omni94.298+0.211%Binance94.300+0.213%Gate94.300+0.213%Phoenix94.300+0.213%Orderly94.300+0.213%Deribit94.300+0.213%BloFin94.300+0.213%Extended94.303+0.216%SoDEX94.306+0.219%Aevo94.310+0.223%Bitget94.310+0.223%OKX94.340+0.255%Lighter RH94.342+0.257%KuCoin94.350+0.266%Lighter94.386+0.304%Injective94.760+0.701%

CRCL on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International CRCL-PERP-INTX−0.170%+0.0096%1h$936K$788K10xas long as short
Vest CRCL-USD-PERP−0.095%+0.0046%1h—$45K25xas long as short
Nado CRCL-PERP−0.095%+0.0341%1h$132K$66K3xas long as short
Ondo Perps CRCL-USD.P−0.085%+0.0050%1h$1.1M$5.7M10xas long as short
edgeX CRCLUSDC−0.075%+0.0372%4h$24K$266K10xas long as short
ApeX Omni CRCLUSDT−0.042%+0.0100%1h$69K$6K50xas long as short
Pacifica CRCL−0.021%+0.0100%1h$76K$96K10xas long as short
Aster CRCLUSDT−0.010%+0.0136%8h$1.1M$4.6M20xas long as short
tradeXYZ xyz:CRCL−0.006%+0.0153%1h$71.3M$40.3M10xas long as short
QFEX CRCL-USD0.000%+0.0067%1h$1.4M$2.6M10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps CRCL-USDlong0.000%+0.0050%1h$355K$1.1M10x
Arcus CRCL-USDshort+0.021%+0.0586%1h$104K$251K10x
Aftermath Perps CRCLUSD+0.023%+0.0354%1h$2K$14K5xas long as short
RISEx CRCL/USDC+0.027%+0.0140%1h$407K$316K10xas long as short
Bybit CRCLUSDT+0.032%+0.0131%8h$15.6M$23.4M50xas long as short
Phemex CRCLUSDT+0.032%0.0000%4h$1.0M$45K10xas long as short
Paradex CRCL-USD-PERP+0.035%+0.0086%8h$717$4285xas long as short
Variational Omni CRCL+0.041%+0.0083%8h$2.5M$3.2M—as long as short
Binance CRCLUSDT+0.042%+0.0153%8h$107.4M$359.0M50xas long as short
Gate CRCL_USDT+0.042%0.0000%8h$7.2M$25.7M50xas long as short
Phoenix CRCL+0.042%+0.0263%1h$28K$92K10xas long as short
Orderly PERP_CRCL_USDC_mythos+0.042%+0.0100%8h$940$3K10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.042%+0.0387%1h$4K$802K10xas long as short
BloFin CRCL-USDT+0.042%+0.0273%8h$1.1M$589K20xas long as short
Extended CRCL_24_5-USD+0.045%+0.0152%1h$1.1M$3.2M10xas long as short
SoDEX CRCL-USD+0.049%+0.0050%1h$47K$3K10xas long as short
Aevo CRCL-PERP+0.053%+0.0104%1h$4—10xas long as short
Bitget CRCLUSDT+0.053%+0.0304%8h$16.9M$33.2M25xas long as short
OKX CRCL-USDT-SWAP+0.085%+0.0221%8h$22.7M$56.4M50xas long as short
Lighter RH CRCL+0.087%+0.0032%1h$794K$2.7M10xas long as short
KuCoin CRCLUSDTM+0.095%+0.0304%8h$2.9M$1.4M20xas long as short
Lighter CRCL+0.134%+0.0272%1h$2.9M$2.0M10xas long as short
Injective CRCL/USDC PERP+0.530%+0.0440%1h$5K$58K30xas long as short