After costs, if the gap returns to its 7d average, $10k−$28
spread now+0.052%7d average+0.013%fees + slippage, in and out−$32spread needed0.321%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps CRCL-USD | 93.991 | 0.0050 | pay 0.0006% / 1h | 47m 39s | $354K | $1.0M | 10x |
| Short | Deribit CRCL_USDC-PERPETUAL | 94.040 | 0.0495 | get 0.0062% / 1h | 47m 39s | $4K | $802K | 10x |
Polymarket Perps CRCL-USD
Deribit CRCL_USDC-PERPETUALPrice 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
- $5.21
- Funding while held
- $13.35
- Slippage, 4 orders
- −$17.09
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$13.53
- Spread needed to break even
- 0.321%
Slippage from Polymarket Perps: live order book, 2 min ago; Deribit: live order book, 48 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0445%
- Per $10,000 a day
- +$13.35
- 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, 2 min ago | 1.38 bp | 5.7 bp −$6 | 6.8 bp −$68 | 9.3 bp −$925 | doesn't fit |
| Sell Deribit live order book, 48 min ago | 5.83 bp | 9.3 bp −$9 | 12.1 bp −$121 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Vest93.860cheapestAftermath Perps93.867+0.007%Phoenix93.870+0.011%ApeX Omni93.880+0.021%Ondo Perps93.900+0.043%BloFin93.950+0.096%Nado93.957+0.104%Variational Omni93.977+0.125%edgeX93.983+0.132%Coinbase International93.990+0.139%
Vest
Phoenix
ApeX Omni
Ondo Perps
BloFin
Nado
Variational Omni
Coinbase InternationalPolymarket Perps93.991+0.140%
Phemex94.000+0.149%Orderly94.020+0.170%SoDEX94.025+0.176%Bybit94.040+0.192%
Phemex
Orderly
SoDEX
BybitDeribit94.040+0.192%
Binance94.050+0.202%Aevo94.052+0.204%OKX94.070+0.224%Arcus94.070+0.224%Aster94.079+0.233%RISEx94.080+0.234%Pacifica94.100+0.256%tradeXYZ94.119+0.276%Gate94.120+0.277%QFEX94.130+0.288%KuCoin94.130+0.288%Extended94.138+0.296%Bitget94.160+0.320%Paradex94.165+0.325%Lighter RH94.186+0.347%Lighter94.236+0.401%Injective94.420+0.597%
Binance
Aevo
OKX
Arcus
Aster
RISEx
Pacifica
tradeXYZ
Gate
QFEX
KuCoin
Extended
Bitget
Paradex
Lighter RH
Lighter
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 | −0.139% | +0.0037% | 1h | — | $45K | 25x | as long as short |
| Aftermath Perps CRCLUSD | −0.132% | +0.0366% | 1h | $2K | $15K | 5x | as long as short |
| Phoenix CRCL | −0.129% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| ApeX Omni CRCLUSDT | −0.118% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Ondo Perps CRCL-USD.P | −0.097% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| BloFin CRCL-USDT | −0.044% | +0.0268% | 8h | $1.1M | $596K | 20x | as long as short |
| Nado CRCL-PERP | −0.036% | +0.0292% | 1h | $131K | $68K | 3x | as long as short |
| Variational Omni CRCL | −0.015% | +0.0096% | 8h | $2.5M | $3.2M | — | as long as short |
| edgeX CRCLUSDC | −0.008% | +0.0066% | 4h | $24K | $266K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.001% | +0.0120% | 1h | $942K | $789K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps CRCL-USDlong | 0.000% | +0.0050% | 1h | $354K | $1.0M | 10x | |
| Phemex CRCLUSDT | +0.010% | 0.0000% | 4h | $1.0M | $46K | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.031% | +0.0100% | 8h | $937 | $3K | 10x | as long as short |
| SoDEX CRCL-USD | +0.036% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Bybit CRCLUSDT | +0.052% | +0.0051% | 8h | $15.0M | $24.6M | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUALshort | +0.052% | +0.0495% | 1h | $4K | $802K | 10x | |
| Binance CRCLUSDT | +0.063% | +0.0148% | 8h | $107.0M | $366.9M | 50x | as long as short |
| Aevo CRCL-PERP | +0.065% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.084% | +0.0234% | 8h | $22.7M | $57.8M | 50x | as long as short |
| Arcus CRCL-USD | +0.084% | +0.0651% | 1h | $101K | $255K | 10x | as long as short |
| Aster CRCLUSDT | +0.093% | +0.0135% | 8h | $1.1M | $4.6M | 20x | as long as short |
| RISEx CRCL/USDC | +0.095% | +0.0163% | 1h | $402K | $315K | 10x | as long as short |
| Pacifica CRCL | +0.116% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.136% | +0.0051% | 1h | $70.8M | $40.7M | 10x | as long as short |
| Gate CRCL_USDT | +0.137% | 0.0000% | 8h | $7.1M | $26.1M | 50x | as long as short |
| QFEX CRCL-USD | +0.148% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.148% | +0.0248% | 8h | $2.9M | $1.6M | 20x | as long as short |
| Extended CRCL_24_5-USD | +0.156% | +0.0144% | 1h | $1.1M | $3.5M | 10x | as long as short |
| Bitget CRCLUSDT | +0.180% | +0.0333% | 8h | $16.8M | $33.7M | 25x | as long as short |
| Paradex CRCL-USD-PERP | +0.185% | +0.0086% | 8h | $716 | $428 | 5x | as long as short |
| Lighter RH CRCL | +0.207% | +0.0032% | 1h | $796K | $2.7M | 10x | as long as short |
| Lighter CRCL | +0.261% | +0.0248% | 1h | $2.9M | $2.1M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.456% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |