Spread before costs (cost unknown: a leg has no order-book sample)+0.127%
7d average—if it closes, per $10,000$13funding while held, a day−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX CRCL-USD | 94.200 | 0.0050 | pay 0.0006% / 1h | 26m 38s | $47K | $3K | 10x |
| Short | Gate CRCL_USDT | 94.320 | 0 | get 0.0000% / 8h | 26m 38s | $7.1M | $24.8M | 50x |
SoDEX CRCL-USD
Gate CRCL_USDTPrice 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
- $12.74
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$11.76
- Spread needed to break even
- 0.230%
Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 4 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 4 min ago | 1.59 bp | 12.6 bp −$13 | 29.3 bp −$293 | 102.6 bp −$10.3K | doesn't fit |
SoDEX: 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.Vest94.130cheapestPolymarket Perps94.175+0.048%Orderly94.180+0.053%Coinbase International94.180+0.053%
Vest
Polymarket Perps
Orderly
Coinbase InternationalSoDEX94.200+0.074%
Deribit94.220+0.096%Aevo94.240+0.117%Phemex94.240+0.117%BloFin94.240+0.117%Nado94.273+0.152%tradeXYZ94.273+0.152%Pacifica94.280+0.159%Phoenix94.281+0.160%Lighter RH94.282+0.161%Extended94.292+0.172%Arcus94.300+0.181%Paradex94.304+0.185%Aster94.307+0.188%Ondo Perps94.320+0.202%
Deribit
Aevo
Phemex
BloFin
Nado
tradeXYZ
Pacifica
Phoenix
Lighter RH
Extended
Arcus
Paradex
Aster
Ondo PerpsGate94.320+0.202%
QFEX94.330+0.212%Binance94.340+0.223%Bitget94.340+0.223%RISEx94.347+0.231%Bybit94.350+0.234%Lighter94.351+0.235%KuCoin94.360+0.244%OKX94.370+0.255%edgeX94.520+0.414%Aftermath Perps94.527+0.422%ApeX Omni94.550+0.446%Variational Omni94.586+0.484%Injective95.120+1.052%
QFEX
Binance
Bitget
RISEx
Bybit
Lighter
KuCoin
OKX
ApeX Omni
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 | −0.074% | +0.0046% | 1h | — | $42K | 25x | as long as short |
| Polymarket Perps CRCL-USD | −0.027% | +0.0050% | 1h | $355K | $1.1M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.021% | +0.0100% | 8h | $939 | $3K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.021% | +0.0088% | 1h | $926K | $752K | 10x | as long as short |
| SoDEX CRCL-USDlong | 0.000% | +0.0050% | 1h | $47K | $3K | 10x | |
| Deribit CRCL_USDC-PERPETUAL | +0.021% | 0.0000% | 1h | $4K | $801K | 10x | as long as short |
| Aevo CRCL-PERP | +0.042% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Phemex CRCLUSDT | +0.042% | 0.0000% | 4h | $1.0M | $47K | 10x | as long as short |
| BloFin CRCL-USDT | +0.042% | +0.0319% | 8h | $1.1M | $543K | 20x | as long as short |
| Nado CRCL-PERP | +0.077% | +0.0273% | 1h | $131K | $79K | 3x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | +0.077% | +0.0050% | 1h | $71.2M | $39.9M | 10x | as long as short |
| Pacifica CRCL | +0.085% | +0.0100% | 1h | $89K | $90K | 10x | as long as short |
| Phoenix CRCL | +0.086% | +0.0294% | 1h | $28K | $92K | 10x | as long as short |
| Lighter RH CRCL | +0.087% | +0.0032% | 1h | $800K | $2.7M | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.098% | +0.0200% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Arcus CRCL-USD | +0.106% | +0.0063% | 1h | $106K | $249K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.110% | +0.0083% | 8h | $717 | $428 | 5x | as long as short |
| Aster CRCLUSDT | +0.113% | +0.0186% | 8h | $1.1M | $4.4M | 20x | as long as short |
| Ondo Perps CRCL-USD.P | +0.127% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Gate CRCL_USDTshort | +0.127% | 0.0000% | 8h | $7.1M | $24.8M | 50x | |
| QFEX CRCL-USD | +0.138% | +0.0046% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Binance CRCLUSDT | +0.149% | +0.0197% | 8h | $106.8M | $337.4M | 50x | as long as short |
| Bitget CRCLUSDT | +0.149% | +0.0262% | 8h | $16.3M | $32.1M | 25x | as long as short |
| RISEx CRCL/USDC | +0.156% | +0.0101% | 1h | $404K | $342K | 10x | as long as short |
| Bybit CRCLUSDT | +0.159% | +0.0139% | 8h | $15.8M | $22.2M | 50x | as long as short |
| Lighter CRCL | +0.160% | +0.0144% | 1h | $2.9M | $2.0M | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.170% | +0.0213% | 8h | $2.9M | $1.3M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | +0.180% | +0.0197% | 8h | $22.5M | $53.5M | 50x | as long as short |
| edgeX CRCLUSDC | +0.339% | +0.0762% | 4h | $21K | $263K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.347% | +0.0289% | 1h | $1K | $12K | 5x | as long as short |
| ApeX Omni CRCLUSDT | +0.372% | +0.0100% | 1h | $70K | $8K | 50x | as long as short |
| Variational Omni CRCL | +0.410% | +0.0139% | 8h | $2.4M | $2.7M | — | as long as short |
| Injective CRCL/USDC PERP | +0.977% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |