Spread before costs (cost unknown: a leg has no order-book sample)−0.003%
7d average—if it closes, per $10,000$0funding while held, a day+$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps CRCL-USD | 94.503 | 0.0050 | pay 0.0006% / 1h | 30m 28s | $356K | $1.1M | 10x |
| Short | Orderly PERP_CRCL_USDC_mythos | 94.500 | 0.0100 | get 0.0100% / 8h | 30m 28s | $942 | $3K | 10x |
Polymarket Perps CRCL-USD
Orderly PERP_CRCL_USDC_mythosPrice 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
- −$0.32
- Funding while held
- $1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$12.82
- Spread needed to break even
- 0.140%
Slippage unknown: Polymarket Perps: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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, 4 min ago | 2.01 bp | 6.0 bp −$6 | 6.4 bp −$64 | 9.2 bp −$923 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Ondo Perps94.430cheapesttradeXYZ94.500+0.074%Vest94.500+0.074%
Ondo Perps
tradeXYZ
VestOrderly94.500+0.074%
Polymarket Perps94.503+0.077%
Binance94.510+0.084%Pacifica94.510+0.084%QFEX94.510+0.085%Paradex94.513+0.088%Lighter RH94.516+0.091%Extended94.517+0.092%OKX94.520+0.095%Aster94.522+0.097%Bybit94.540+0.116%Arcus94.540+0.116%Gate94.540+0.116%Bitget94.550+0.127%RISEx94.563+0.141%KuCoin94.570+0.148%Lighter94.574+0.152%SoDEX94.576+0.155%Nado94.585+0.164%Variational Omni94.586+0.165%Deribit94.590+0.169%BloFin94.590+0.169%Aevo94.613+0.194%Phemex94.640+0.222%Phoenix94.655+0.238%ApeX Omni94.670+0.254%Aftermath Perps94.680+0.265%Coinbase International94.700+0.286%edgeX94.700+0.286%Injective95.530+1.165%
Binance
Pacifica
QFEX
Paradex
Lighter RH
Extended
OKX
Aster
Bybit
Arcus
Gate
Bitget
RISEx
KuCoin
Lighter
SoDEX
Nado
Variational Omni
Deribit
BloFin
Aevo
Phemex
Phoenix
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 | |
|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.P | −0.077% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.003% | +0.0050% | 1h | $71.6M | $39.6M | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.003% | +0.0046% | 1h | — | $41K | 25x | as long as short |
| Orderly PERP_CRCL_USDC_mythosshort | −0.003% | +0.0100% | 8h | $942 | $3K | 10x | |
| Polymarket Perps CRCL-USDlong | 0.000% | +0.0050% | 1h | $356K | $1.1M | 10x | |
| Binance CRCLUSDT | +0.007% | +0.0206% | 8h | $107.2M | $335.7M | 50x | as long as short |
| Pacifica CRCL | +0.007% | +0.0100% | 1h | $89K | $90K | 10x | as long as short |
| QFEX CRCL-USD | +0.007% | +0.0046% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.011% | +0.0085% | 8h | $718 | $428 | 5x | as long as short |
| Lighter RH CRCL | +0.014% | +0.0032% | 1h | $814K | $2.6M | 10x | as long as short |