Spread before costs (cost unknown: a leg has no order-book sample)+0.024%
7d average—if it closes, per $10,000$2funding while held, a day+$1.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps CRCL-USD | 93.950 | 0.0050 | pay 0.0006% / 1h | 7m 21s | $354K | $1.0M | 10x |
| Short | Paradex CRCL-USD-PERP | 93.973 | 0.0089 | get 0.0089% / 8h | 5h 07m | $714 | $428 | 5x |
Polymarket Perps CRCL-USD
Paradex CRCL-USD-PERPPrice 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
- $2.45
- Funding while held
- $1.17
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$8.38
- Spread needed to break even
- 0.120%
Slippage unknown: Polymarket Perps: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0039%
- Per $10,000 a day
- +$1.17
- 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 | 2.07 bp | 6.1 bp −$6 | 6.5 bp −$65 | 10.0 bp −$1,000 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.Nado93.878cheapestVest93.880+0.002%tradeXYZ93.919+0.044%Ondo Perps93.920+0.045%
Nado
Vest
tradeXYZ
Ondo PerpsPolymarket Perps93.950+0.077%
Bybit93.970+0.098%Arcus93.970+0.098%QFEX93.970+0.098%Orderly93.970+0.098%
Bybit
Arcus
QFEX
OrderlyParadex93.973+0.101%
Pacifica93.975+0.104%Binance93.985+0.113%Extended93.987+0.116%Lighter RH93.988+0.117%OKX93.990+0.119%RISEx93.995+0.125%KuCoin94.000+0.130%Aster94.010+0.141%Gate94.010+0.141%Aftermath Perps94.011+0.142%Deribit94.020+0.151%Lighter94.023+0.154%SoDEX94.027+0.159%Bitget94.030+0.162%Aevo94.057+0.191%ApeX Omni94.090+0.226%Phemex94.110+0.247%Coinbase International94.190+0.332%edgeX94.229+0.374%Phoenix94.238+0.383%Variational Omni94.238+0.384%BloFin94.280+0.428%Injective94.740+0.918%
Pacifica
Binance
Extended
Lighter RH
OKX
RISEx
KuCoin
Aster
Gate
Deribit
Lighter
SoDEX
Bitget
Aevo
ApeX Omni
Phemex
Coinbase International
Phoenix
Variational Omni
BloFin
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado CRCL-PERP | −0.077% | +0.0329% | 1h | $131K | $67K | 3x | as long as short |
| Vest CRCL-USD-PERP | −0.075% | +0.0032% | 1h | — | $45K | 25x | as long as short |
| tradeXYZ xyz:CRCL | −0.033% | +0.0050% | 1h | $70.6M | $41.0M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.032% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Polymarket Perps CRCL-USDlong | 0.000% | +0.0050% | 1h | $354K | $1.0M | 10x | |
| Bybit CRCLUSDT | +0.021% | +0.0038% | 8h | $15.0M | $24.8M | 50x | as long as short |
| Arcus CRCL-USD | +0.021% | +0.0651% | 1h | $101K | $257K | 10x | as long as short |
| QFEX CRCL-USD | +0.021% | +0.0067% | 1h | $1.3M | $2.6M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.021% | +0.0100% | 8h | $937 | $3K | 10x | as long as short |
| Paradex CRCL-USD-PERPshort | +0.024% | +0.0089% | 8h | $714 | $428 | 5x |