After costs, if the gap returns to its 7d average, $10k−$28
spread now+0.003%7d average+0.048%fees + slippage, in and out−$23spread needed0.234%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CRCL-USD | 94.000 | 0.0067 | pay 0.0008% / 1h | 2m 44s | $1.4M | $2.6M | 10x |
| Short | RISEx CRCL/USDC | 94.003 | 0.0163 | get 0.0020% / 1h | 2m 44s | $417K | $323K | 10x |
QFEX CRCL-USD
RISEx CRCL/USDCPrice 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
- $0.28
- Funding while held
- $2.88
- Slippage, 4 orders
- −$7.44
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$20.28
- Spread needed to break even
- 0.234%
Slippage from QFEX: live order book, 7 min ago; RISEx: live order book, 32 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0096%
- Per $10,000 a day
- +$2.88
- 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, 7 min ago | 1.59 bp | 6.6 bp −$7 | 6.6 bp −$66 | 11.5 bp −$1,146 | doesn't fit |
| Sell RISEx live order book, 32 min ago | 2.13 bp | 5.1 bp −$5 | 6.3 bp −$63 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Vest93.850cheapestApeX Omni93.880+0.032%tradeXYZ93.909+0.063%Nado93.910+0.064%Phoenix93.912+0.066%Coinbase International93.920+0.075%Binance93.950+0.107%Ondo Perps93.950+0.107%Gate93.950+0.107%Extended93.958+0.115%Bybit93.960+0.117%OKX93.960+0.117%Polymarket Perps93.968+0.126%Variational Omni93.968+0.126%Aster93.979+0.138%KuCoin93.980+0.139%Bitget93.980+0.139%Orderly93.980+0.139%Paradex93.996+0.155%SoDEX93.996+0.156%
Vest
ApeX Omni
tradeXYZ
Nado
Phoenix
Coinbase International
Binance
Ondo Perps
Gate
Extended
Bybit
OKX
Polymarket Perps
Variational Omni
Aster
KuCoin
Bitget
Orderly
Paradex
SoDEXQFEX94.000+0.160%
Deribit94.000+0.160%
DeribitRISEx94.003+0.163%
edgeX94.006+0.166%Pacifica94.010+0.170%Lighter RH94.010+0.170%Arcus94.010+0.170%Phemex94.010+0.170%BloFin94.010+0.170%Aevo94.017+0.178%Aftermath Perps94.019+0.181%Lighter94.044+0.207%Injective94.450+0.639%
Pacifica
Lighter RH
Arcus
Phemex
BloFin
Aevo
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 | −0.160% | +0.0035% | 1h | — | $45K | 25x | as long as short |
| ApeX Omni CRCLUSDT | −0.128% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| tradeXYZ xyz:CRCL | −0.097% | +0.0050% | 1h | $70.6M | $41.0M | 10x | as long as short |
| Nado CRCL-PERP | −0.096% | +0.0333% | 1h | $131K | $67K | 3x | as long as short |
| Phoenix CRCL | −0.094% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.085% | +0.0120% | 1h | $939K | $745K | 10x | as long as short |
| Binance CRCLUSDT | −0.053% | +0.0152% | 8h | $107.3M | $371.4M | 50x | as long as short |
| Ondo Perps CRCL-USD.P | −0.053% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Gate CRCL_USDT | −0.053% | 0.0000% | 8h | $7.1M | $26.6M | 50x | as long as short |
| Extended CRCL_24_5-USD | −0.045% | +0.0152% | 1h | $1.2M | $3.5M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit CRCLUSDT | −0.043% | +0.0049% | 8h | $15.0M | $24.8M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | −0.043% | +0.0254% | 8h | $22.8M | $58.3M | 50x | as long as short |
| Polymarket Perps CRCL-USD | −0.034% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| Variational Omni CRCL | −0.034% | +0.0103% | 8h | $2.5M | $3.2M | — | as long as short |
| Aster CRCLUSDT | −0.022% | +0.0136% | 8h | $1.1M | $4.6M | 20x | as long as short |
| KuCoin CRCLUSDTM | −0.021% | +0.0192% | 8h | $2.9M | $1.6M | 20x | as long as short |
| Bitget CRCLUSDT | −0.021% | +0.0378% | 8h | $16.7M | $34.0M | 25x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.021% | +0.0100% | 8h | $937 | $3K | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.004% | +0.0092% | 8h | $714 | $428 | 5x | as long as short |
| SoDEX CRCL-USD | −0.004% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| QFEX CRCL-USDlong | 0.000% | +0.0067% | 1h | $1.4M | $2.6M | 10x | |
| Deribit CRCL_USDC-PERPETUAL | 0.000% | +0.0602% | 1h | $4K | $802K | 10x | as long as short |
| RISEx CRCL/USDCshort | +0.003% | +0.0163% | 1h | $417K | $323K | 10x | |
| edgeX CRCLUSDC | +0.006% | +0.0615% | 4h | $24K | $266K | 10x | as long as short |
| Pacifica CRCL | +0.010% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Lighter RH CRCL | +0.011% | +0.0032% | 1h | $799K | $2.7M | 10x | as long as short |
| Arcus CRCL-USD | +0.011% | +0.0651% | 1h | $101K | $257K | 10x | as long as short |
| Phemex CRCLUSDT | +0.011% | 0.0000% | 4h | $1.0M | $46K | 10x | as long as short |
| BloFin CRCL-USDT | +0.011% | +0.0272% | 8h | $1.1M | $567K | 20x | as long as short |
| Aevo CRCL-PERP | +0.018% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.021% | +0.0340% | 1h | $2K | $16K | 5x | as long as short |
| Lighter CRCL | +0.047% | +0.0312% | 1h | $2.9M | $2.1M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.479% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |