After costs, if the gap returns to its 7d average, $10k−$60
spread now−0.021%7d average—fees + slippage, in and out−$58spread needed0.577%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CRCL-USD | 94.180 | 0.0067 | pay 0.0008% / 1h | 48m 59s | $1.4M | $2.6M | 10x |
| Short | Pacifica CRCL | 94.160 | 0.0100 | get 0.0013% / 1h | 48m 59s | $75K | $96K | 10x |
QFEX CRCL-USD
Pacifica CRCLPrice 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
- −$2.12
- Funding while held
- $0.98
- Slippage, 4 orders
- −$39.67
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$58.81
- Spread needed to break even
- 0.577%
Slippage from QFEX: live order book, 5 min ago; Pacifica: live order book, 86 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0033%
- Per $10,000 a day
- +$0.98
- 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 QFEX live order book, 5 min ago | 1.59 bp | 6.6 bp −$7 | 8.1 bp −$81 | 12.3 bp −$1,230 | doesn't fit |
| Sell Pacifica live order book, 86 min ago | 13.30 bp | 21.1 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Vest94.080cheapestDeribit94.090+0.011%Nado94.093+0.014%Coinbase International94.100+0.021%tradeXYZ94.126+0.049%Polymarket Perps94.130+0.053%SoDEX94.145+0.069%
Vest
Deribit
Nado
Coinbase International
tradeXYZ
Polymarket Perps
SoDEXPacifica94.160+0.085%
Arcus94.160+0.085%Paradex94.163+0.089%Aster94.170+0.096%Bybit94.170+0.096%Orderly94.170+0.096%Lighter RH94.176+0.102%
Arcus
Paradex
Aster
Bybit
Orderly
Lighter RHQFEX94.180+0.106%
Gate94.180+0.106%ApeX Omni94.180+0.106%Extended94.180+0.107%RISEx94.184+0.111%Aevo94.187+0.114%Phemex94.190+0.117%Aftermath Perps94.193+0.120%Binance94.200+0.127%KuCoin94.200+0.128%Bitget94.200+0.128%OKX94.210+0.138%Ondo Perps94.210+0.138%BloFin94.210+0.138%Phoenix94.212+0.140%Lighter94.216+0.145%Variational Omni94.269+0.201%edgeX94.456+0.400%Injective94.620+0.574%
Gate
ApeX Omni
Extended
RISEx
Aevo
Phemex
Binance
KuCoin
Bitget
OKX
Ondo Perps
BloFin
Phoenix
Lighter
Variational Omni
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 | −0.106% | +0.0046% | 1h | — | $45K | 25x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.096% | 0.0000% | 1h | $4K | $802K | 10x | as long as short |
| Nado CRCL-PERP | −0.092% | +0.0348% | 1h | $131K | $66K | 3x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.085% | +0.0096% | 1h | $936K | $788K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.057% | +0.0161% | 1h | $71.2M | $40.3M | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.053% | +0.0050% | 1h | $355K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | −0.037% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Pacifica CRCLshort | −0.021% | +0.0100% | 1h | $75K | $96K | 10x | |
| Arcus CRCL-USD | −0.021% | +0.0586% | 1h | $104K | $251K | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.018% | +0.0087% | 8h | $716 | $428 | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster CRCLUSDT | −0.011% | +0.0134% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Bybit CRCLUSDT | −0.011% | +0.0144% | 8h | $15.6M | $23.3M | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.011% | +0.0100% | 8h | $939 | $3K | 10x | as long as short |
| Lighter RH CRCL | −0.004% | +0.0032% | 1h | $794K | $2.7M | 10x | as long as short |
| QFEX CRCL-USDlong | 0.000% | +0.0067% | 1h | $1.4M | $2.6M | 10x | |
| Gate CRCL_USDT | 0.000% | 0.0000% | 8h | $7.1M | $25.6M | 50x | as long as short |
| ApeX Omni CRCLUSDT | 0.000% | +0.0100% | 1h | $69K | $7K | 50x | as long as short |
| Extended CRCL_24_5-USD | 0.000% | +0.0152% | 1h | $1.1M | $3.2M | 10x | as long as short |
| RISEx CRCL/USDC | +0.004% | +0.0140% | 1h | $407K | $316K | 10x | as long as short |
| Aevo CRCL-PERP | +0.008% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Phemex CRCLUSDT | +0.011% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.013% | +0.0354% | 1h | $2K | $14K | 5x | as long as short |
| Binance CRCLUSDT | +0.021% | +0.0153% | 8h | $107.4M | $358.6M | 50x | as long as short |
| KuCoin CRCLUSDTM | +0.021% | +0.0301% | 8h | $2.9M | $1.4M | 20x | as long as short |
| Bitget CRCLUSDT | +0.021% | +0.0300% | 8h | $16.9M | $33.1M | 25x | as long as short |
| OKX CRCL-USDT-SWAP | +0.032% | +0.0222% | 8h | $22.7M | $56.2M | 50x | as long as short |
| Ondo Perps CRCL-USD.P | +0.032% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| BloFin CRCL-USDT | +0.032% | +0.0273% | 8h | $1.1M | $588K | 20x | as long as short |
| Phoenix CRCL | +0.034% | +0.0263% | 1h | $28K | $92K | 10x | as long as short |
| Lighter CRCL | +0.038% | +0.0272% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Variational Omni CRCL | +0.095% | +0.0080% | 8h | $2.5M | $3.2M | — | as long as short |
| edgeX CRCLUSDC | +0.293% | +0.0395% | 4h | $24K | $265K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.467% | +0.0440% | 1h | $5K | $58K | 30x | as long as short |