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Price arb /

CRCL

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Spread before costs (cost unknown: a leg has no order-book sample)+0.138%
7d average+0.101%if it closes, per $10,000$14funding while held, a day+$3.22
Long on Polymarket PerpsShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps CRCL-USD95.8600.0050pay 0.0006% / 1h29m 07s$381K$1.1M10x
ShortVariational Omni CRCL95.9920.0157get 0.0157% / 8h1h 29m$2.4M$2.6M—

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
$13.82
Funding while held
$3.22
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$9.04
Spread needed to break even
0.080%
Slippage unknown: Polymarket Perps: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0107%
Per $10,000 a day
+$3.22
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, 1 min ago2.71 bp7.0 bp −$77.1 bp −$719.4 bp −$943doesn't fit
Sell Variational Omni RFQ quote, 1 min ago3.41 bpdoesn't fit10.3 bp −$103doesn't fitdoesn't fit

CRCL price on every exchange

against the cheapest. Click to use as the short leg.
Binance95.575cheapesttradeXYZ95.614+0.040%OKX95.670+0.099%Bitget95.680+0.109%Gate95.690+0.120%Deribit95.700+0.130%Bybit95.710+0.141%Extended95.713+0.144%SoDEX95.739+0.171%Lighter RH95.753+0.186%BloFin95.760+0.193%Lighter95.761+0.194%Aevo95.770+0.203%Orderly95.770+0.204%Aster95.818+0.254%KuCoin95.820+0.256%Nado95.837+0.274%Arcus95.840+0.277%Aftermath Perps95.850+0.287%QFEX95.850+0.287%Vest95.850+0.287%
Polymarket Perps95.860+0.298%
Phemex95.890+0.329%Pacifica95.900+0.340%RISEx95.925+0.366%Phoenix95.925+0.366%Paradex95.934+0.375%Ondo Perps95.940+0.381%edgeX95.960+0.402%ApeX Omni95.990+0.434%Coinbase International95.990+0.434%
Variational Omni95.992+0.436%
Injective96.450+0.915%

CRCL on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance CRCLUSDT−0.297%+0.0243%8h$107.5M$308.8M50xas long as short
tradeXYZ xyz:CRCL−0.257%+0.0156%1h$76.1M$35.4M10xas long as short
OKX CRCL-USDT-SWAP−0.198%+0.0222%8h$22.7M$50.8M50xas long as short
Bitget CRCLUSDT−0.188%+0.0226%8h$16.6M$30.6M25xas long as short
Gate CRCL_USDT−0.177%0.0000%8h$7.2M$23.2M50xas long as short
Deribit CRCL_USDC-PERPETUAL−0.167%+0.0168%1h$1K$799K10xas long as short
Bybit CRCLUSDT−0.156%+0.0150%8h$16.0M$21.3M50xas long as short
Extended CRCL_24_5-USD−0.153%+0.0240%1h$1.0M$3.0M10xas long as short
SoDEX CRCL-USD−0.126%+0.0050%1h$48K$3K10xas long as short
Lighter RH CRCL−0.112%+0.0032%1h$878K$2.4M10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin CRCL-USDT−0.104%+0.0363%8h$1.1M$491K20xas long as short
Lighter CRCL−0.103%+0.0072%1h$3.0M$1.9M10xas long as short
Aevo CRCL-PERP−0.094%+0.0104%1h$4—10xas long as short
Orderly PERP_CRCL_USDC_mythos−0.094%+0.0100%8h$955$3K10xas long as short
Aster CRCLUSDT−0.044%+0.0252%8h$1.3M$4.1M20xas long as short
KuCoin CRCLUSDTM−0.042%+0.0112%8h$3.0M$1.1M20xas long as short
Nado CRCL-PERP−0.024%+0.0191%1h$131K$77K3xas long as short
Arcus CRCL-USD−0.021%+0.0040%1h$123K$218K10xas long as short
Aftermath Perps CRCLUSD−0.011%+0.0298%1h$1K$10K5xas long as short
QFEX CRCL-USD−0.010%+0.0042%1h$1.4M$2.5M10xas long as short
Vest CRCL-USD-PERP−0.010%+0.0046%1h—$33K25xas long as short
Polymarket Perps CRCL-USDlong0.000%+0.0050%1h$381K$1.1M10x
Phemex CRCLUSDT+0.031%0.0000%4h$1.1M$47K10xas long as short
Pacifica CRCL+0.042%+0.0100%1h$89K$89K10xas long as short
RISEx CRCL/USDC+0.068%+0.0336%1h$414K$324K10xas long as short
Phoenix CRCL+0.068%+0.0259%1h$28K$68K10xas long as short
Paradex CRCL-USD-PERP+0.077%+0.0107%8h$729$4285xas long as short
Ondo Perps CRCL-USD.P+0.083%+0.0050%1h$1.1M$5.6M10xas long as short
edgeX CRCLUSDC+0.104%+0.0876%4h$21K$262K10xas long as short
ApeX Omni CRCLUSDT+0.136%+0.0100%1h$70K$8K50xas long as short
Coinbase International CRCL-PERP-INTX+0.136%+0.0080%1h$941K$744K10xas long as short
Variational Omni CRCLshort+0.138%+0.0157%8h$2.4M$2.6M—
Injective CRCL/USDC PERP+0.615%+0.0440%1h$5K$105K30xas long as short