After costs, if the gap returns to its 7d average, $10k−$43
spread now−0.056%7d average−0.009%fees + slippage, in and out−$38spread needed0.383%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps CRCL-USD | 94.043 | 0.0050 | pay 0.0006% / 1h | 44m 38s | $354K | $1.0M | 10x |
| Short | Coinbase International CRCL-PERP-INTX | 93.990 | 0.0120 | get 0.0015% / 1h | 44m 38s | $942K | $743K | 10x |
Polymarket Perps CRCL-USD
Coinbase International CRCL-PERP-INTXPrice 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
- −$5.64
- Funding while held
- $2.1
- Slippage, 4 orders
- −$20.33
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$41.86
- Spread needed to break even
- 0.383%
Slippage from Polymarket Perps: live order book, 5 min ago; Coinbase International: live order book, just now.
Cost of waiting
funding view- Funding /8h
- +0.0070%
- Per $10,000 a day
- +$2.10
- 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 | 1.38 bp | 5.7 bp −$6 | 6.8 bp −$68 | 9.3 bp −$925 | doesn't fit |
| Sell Coinbase International live order book, just now | 7.45 bp | 12.4 bp −$12 | 16.1 bp −$161 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Phoenix93.860cheapestOndo Perps93.920+0.064%Vest93.920+0.064%tradeXYZ93.958+0.104%ApeX Omni93.960+0.107%Aftermath Perps93.964+0.111%Nado93.967+0.114%Pacifica93.970+0.117%Gate93.970+0.117%KuCoin93.980+0.128%
Phoenix
Ondo Perps
Vest
tradeXYZ
ApeX Omni
Nado
Pacifica
Gate
KuCoinCoinbase International93.990+0.139%
Extended93.996+0.145%Paradex93.998+0.147%Phemex94.000+0.149%SoDEX94.006+0.156%Lighter RH94.010+0.160%Arcus94.010+0.160%QFEX94.010+0.160%Binance94.020+0.171%Aster94.029+0.180%Orderly94.030+0.181%Deribit94.030+0.181%RISEx94.034+0.186%Aevo94.043+0.195%
Extended
Paradex
Phemex
SoDEX
Lighter RH
Arcus
QFEX
Binance
Aster
Orderly
Deribit
RISEx
AevoPolymarket Perps94.043+0.195%
Variational Omni94.047+0.200%Bybit94.050+0.202%Lighter94.063+0.216%OKX94.080+0.234%BloFin94.080+0.234%edgeX94.082+0.237%Bitget94.100+0.256%Injective94.550+0.735%
Variational Omni
Bybit
Lighter
OKX
BloFin
Bitget
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix CRCL | −0.195% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.131% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.131% | +0.0035% | 1h | — | $45K | 25x | as long as short |
| tradeXYZ xyz:CRCL | −0.090% | +0.0050% | 1h | $70.8M | $40.7M | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.088% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Aftermath Perps CRCLUSD | −0.084% | +0.0360% | 1h | $2K | $15K | 5x | as long as short |
| Nado CRCL-PERP | −0.081% | +0.0301% | 1h | $131K | $69K | 3x | as long as short |
| Pacifica CRCL | −0.078% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Gate CRCL_USDT | −0.078% | 0.0000% | 8h | $7.1M | $26.2M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.067% | +0.0244% | 8h | $2.9M | $1.6M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTXshort | −0.056% | +0.0120% | 1h | $942K | $743K | 10x | |
| Extended CRCL_24_5-USD | −0.050% | +0.0152% | 1h | $1.1M | $3.5M | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.048% | +0.0086% | 8h | $714 | $428 | 5x | as long as short |
| Phemex CRCLUSDT | −0.046% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| SoDEX CRCL-USD | −0.039% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Lighter RH CRCL | −0.035% | +0.0032% | 1h | $795K | $2.7M | 10x | as long as short |
| Arcus CRCL-USD | −0.035% | +0.0651% | 1h | $101K | $255K | 10x | as long as short |
| QFEX CRCL-USD | −0.035% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Binance CRCLUSDT | −0.024% | +0.0150% | 8h | $106.9M | $367.0M | 50x | as long as short |
| Aster CRCLUSDT | −0.015% | +0.0137% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.014% | +0.0100% | 8h | $937 | $3K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.014% | +0.0389% | 1h | $4K | $802K | 10x | as long as short |
| RISEx CRCL/USDC | −0.009% | +0.0163% | 1h | $402K | $315K | 10x | as long as short |
| Aevo CRCL-PERP | 0.000% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Polymarket Perps CRCL-USDlong | 0.000% | +0.0050% | 1h | $354K | $1.0M | 10x | |
| Variational Omni CRCL | +0.005% | +0.0098% | 8h | $2.5M | $3.2M | — | as long as short |
| Bybit CRCLUSDT | +0.007% | +0.0046% | 8h | $15.0M | $24.6M | 50x | as long as short |
| Lighter CRCL | +0.021% | +0.0264% | 1h | $2.9M | $2.1M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.039% | +0.0239% | 8h | $22.7M | $57.8M | 50x | as long as short |
| BloFin CRCL-USDT | +0.039% | +0.0269% | 8h | $1.1M | $597K | 20x | as long as short |
| edgeX CRCLUSDC | +0.042% | +0.0879% | 4h | $24K | $266K | 10x | as long as short |
| Bitget CRCLUSDT | +0.061% | +0.0335% | 8h | $16.9M | $33.7M | 25x | as long as short |
| Injective CRCL/USDC PERP | +0.539% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |