Spread before costs (cost unknown: a leg has no order-book sample)+0.093%
7d average—if it closes, per $10,000$9funding while held, a day+$8.94
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX CRCL-USD | 99.015 | 0.0070 | pay 0.0009% / 1h | 27m 05s | $50K | $3K | 10x |
| Short | Lighter CRCL | 99.107 | 0.0368 | get 0.0046% / 1h | 27m 05s | $3.2M | $1.5M | 10x |
SoDEX CRCL-USD
Lighter 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
- $9.29
- Funding while held
- $8.94
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.24
- Spread needed to break even
- 0.080%
Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0298%
- Per $10,000 a day
- +$8.94
- 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 Lighter live order book, 7 min ago | 2.20 bp | 2.9 bp −$3 | 5.7 bp −$57 | 34.1 bp −$3,410 | 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.Variational Omni97.616cheapestPhoenix98.073+0.468%Aftermath Perps98.380+0.783%KuCoin98.570+0.977%edgeX98.632+1.041%Coinbase International98.830+1.244%Lighter RH98.982+1.399%
Variational Omni
Phoenix
KuCoin
Coinbase International
Lighter RHSoDEX99.015+1.433%
Orderly99.050+1.469%Phemex99.050+1.469%Deribit99.080+1.500%
Orderly
Phemex
DeribitLighter99.107+1.527%
Nado99.135+1.556%ApeX Omni99.140+1.561%Aevo99.167+1.589%BloFin99.180+1.602%Pacifica99.186+1.608%Aster99.208+1.631%RISEx99.228+1.652%Arcus99.230+1.653%Polymarket Perps99.256+1.680%Paradex99.311+1.736%tradeXYZ99.315+1.741%Vest99.350+1.776%QFEX99.380+1.807%Ondo Perps99.400+1.828%Gate99.400+1.828%Extended99.499+1.929%OKX99.510+1.940%Binance99.512+1.942%Bitget99.560+1.992%Bybit99.630+2.063%Injective99.930+2.371%
Nado
ApeX Omni
Aevo
BloFin
Pacifica
Aster
RISEx
Arcus
Polymarket Perps
Paradex
tradeXYZ
Vest
QFEX
Ondo Perps
Gate
Extended
OKX
Binance
Bitget
Bybit
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni CRCL | −1.413% | +0.0226% | 8h | $2.9M | $1.7M | — | as long as short |
| Phoenix CRCL | −0.951% | +0.0230% | 1h | $5K | $33K | 10x | as long as short |
| Aftermath Perps CRCLUSD | −0.642% | +0.0045% | 1h | $2K | $8K | 5x | as long as short |
| KuCoin CRCLUSDTM | −0.449% | +0.0100% | 8h | $2.9M | $881K | 20x | as long as short |
| edgeX CRCLUSDC | −0.387% | +0.0015% | 4h | $22K | $247K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.187% | +0.0040% | 1h | $966K | $747K | 10x | as long as short |
| Lighter RH CRCL | −0.033% | +0.0072% | 1h | $920K | $1.9M | 10x | as long as short |
| SoDEX CRCL-USDlong | 0.000% | +0.0070% | 1h | $50K | $3K | 10x | |
| Orderly PERP_CRCL_USDC_mythos | +0.035% | +0.0100% | 8h | $2K | $2K | 10x | as long as short |
| Phemex CRCLUSDT | +0.035% | 0.0000% | 4h | $1.1M | $46K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit CRCL_USDC-PERPETUAL | +0.066% | −0.0053% | 1h | $1K | $478K | 10x | as long as short |
| Lighter CRCLshort | +0.093% | +0.0368% | 1h | $3.2M | $1.5M | 10x | |
| Nado CRCL-PERP | +0.121% | +0.0263% | 1h | $134K | $71K | 3x | as long as short |
| ApeX Omni CRCLUSDT | +0.126% | +0.0100% | 1h | $72K | $8K | 50x | as long as short |
| Aevo CRCL-PERP | +0.153% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| BloFin CRCL-USDT | +0.167% | +0.0441% | 8h | $1.2M | $468K | 20x | as long as short |
| Pacifica CRCL | +0.173% | +0.0100% | 1h | $104K | $53K | 10x | as long as short |
| Aster CRCLUSDT | +0.195% | +0.0386% | 8h | $1.6M | $2.0M | 20x | as long as short |
| RISEx CRCL/USDC | +0.215% | +0.0589% | 1h | $480K | $307K | 10x | as long as short |
| Arcus CRCL-USD | +0.217% | +0.0369% | 1h | $128K | $174K | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.243% | +0.0050% | 1h | $403K | $1.1M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.299% | +0.0133% | 8h | $755 | $428 | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.303% | +0.0120% | 1h | $75.2M | $25.7M | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.338% | +0.0065% | 1h | — | $21K | 25x | as long as short |
| QFEX CRCL-USD | +0.369% | +0.0057% | 1h | $1.3M | $2.5M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.389% | +0.0050% | 1h | $1.1M | $5.2M | 10x | as long as short |
| Gate CRCL_USDT | +0.389% | 0.0000% | 8h | $8.3M | $17.6M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.489% | +0.0320% | 1h | $1.2M | $3.0M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.500% | +0.0276% | 8h | $23.2M | $41.0M | 50x | as long as short |
| Binance CRCLUSDT | +0.502% | +0.0321% | 8h | $110.9M | $223.8M | 50x | as long as short |
| Bitget CRCLUSDT | +0.550% | +0.0203% | 8h | $17.3M | $24.8M | 25x | as long as short |
| Bybit CRCLUSDT | +0.621% | +0.0139% | 8h | $15.7M | $14.3M | 50x | as long as short |
| Injective CRCL/USDC PERP | +0.924% | +0.0440% | 1h | $5K | $87K | 30x | as long as short |