Spread before costs (cost unknown: a leg has no order-book sample)+0.042%
7d average—if it closes, per $10,000$4funding while held, a day+$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX CRCL-USD | 93.971 | 0.0050 | pay 0.0006% / 1h | 5m 39s | $47K | $3K | 10x |
| Short | Orderly PERP_CRCL_USDC_mythos | 94.010 | 0.0100 | get 0.0100% / 8h | 5h 05m | $937 | $3K | 10x |
SoDEX CRCL-USD
Orderly PERP_CRCL_USDC_mythosPrice 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
- $4.15
- Funding while held
- $1.5
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$8.35
- Spread needed to break even
- 0.140%
Slippage unknown: SoDEX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample | — | — | — | — | — |
SoDEX and Orderly: 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.Vest93.810cheapestNado93.887+0.082%Ondo Perps93.920+0.117%tradeXYZ93.928+0.126%QFEX93.930+0.128%Arcus93.940+0.139%Polymarket Perps93.946+0.145%BloFin93.950+0.149%Paradex93.969+0.169%Phemex93.970+0.171%
Vest
Nado
Ondo Perps
tradeXYZ
QFEX
Arcus
Polymarket Perps
BloFin
Paradex
PhemexSoDEX93.971+0.172%
Lighter RH93.975+0.176%Deribit93.980+0.181%Pacifica93.982+0.183%Aftermath Perps93.984+0.186%Bybit93.990+0.192%RISEx93.990+0.192%Gate93.990+0.192%KuCoin93.990+0.192%Binance93.996+0.198%Extended93.998+0.200%Aevo94.004+0.207%Aster94.010+0.213%
Lighter RH
Deribit
Pacifica
Bybit
RISEx
Gate
KuCoin
Binance
Extended
Aevo
AsterOrderly94.010+0.213%
Lighter94.013+0.216%OKX94.020+0.224%Bitget94.040+0.245%Coinbase International94.040+0.245%ApeX Omni94.090+0.298%edgeX94.229+0.446%Phoenix94.238+0.456%Variational Omni94.238+0.457%Injective94.740+0.991%
Lighter
OKX
Bitget
Coinbase International
ApeX Omni
Phoenix
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 | −0.171% | +0.0033% | 1h | — | $45K | 25x | as long as short |
| Nado CRCL-PERP | −0.089% | +0.0330% | 1h | $131K | $67K | 3x | as long as short |
| Ondo Perps CRCL-USD.P | −0.054% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.046% | +0.0050% | 1h | $70.6M | $41.0M | 10x | as long as short |
| QFEX CRCL-USD | −0.044% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Arcus CRCL-USD | −0.033% | +0.0651% | 1h | $101K | $257K | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.027% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| BloFin CRCL-USDT | −0.022% | +0.0277% | 8h | $1.1M | $566K | 20x | as long as short |
| Paradex CRCL-USD-PERP | −0.002% | +0.0090% | 8h | $714 | $428 | 5x | as long as short |
| Phemex CRCLUSDT | −0.001% | 0.0000% | 4h | $1.0M | $46K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX CRCL-USDlong | 0.000% | +0.0050% | 1h | $47K | $3K | 10x | |
| Lighter RH CRCL | +0.004% | +0.0032% | 1h | $799K | $2.7M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.010% | +0.0602% | 1h | $4K | $802K | 10x | as long as short |
| Pacifica CRCL | +0.012% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.014% | +0.0341% | 1h | $2K | $16K | 5x | as long as short |
| Bybit CRCLUSDT | +0.020% | +0.0040% | 8h | $15.0M | $24.8M | 50x | as long as short |
| RISEx CRCL/USDC | +0.020% | +0.0163% | 1h | $417K | $323K | 10x | as long as short |
| Gate CRCL_USDT | +0.020% | 0.0000% | 8h | $7.1M | $26.6M | 50x | as long as short |
| KuCoin CRCLUSDTM | +0.020% | +0.0192% | 8h | $2.9M | $1.6M | 20x | as long as short |
| Binance CRCLUSDT | +0.027% | +0.0152% | 8h | $107.1M | $371.4M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.028% | +0.0152% | 1h | $1.2M | $3.5M | 10x | as long as short |
| Aevo CRCL-PERP | +0.035% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Aster CRCLUSDT | +0.042% | +0.0137% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Orderly PERP_CRCL_USDC_mythosshort | +0.042% | +0.0100% | 8h | $937 | $3K | 10x | |
| Lighter CRCL | +0.045% | +0.0304% | 1h | $2.9M | $2.1M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.052% | +0.0252% | 8h | $22.8M | $58.3M | 50x | as long as short |
| Bitget CRCLUSDT | +0.073% | +0.0374% | 8h | $16.7M | $34.0M | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.073% | +0.0120% | 1h | $940K | $746K | 10x | as long as short |
| ApeX Omni CRCLUSDT | +0.127% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| edgeX CRCLUSDC | +0.274% | +0.0915% | 4h | $24K | $265K | 10x | as long as short |
| Phoenix CRCL | +0.284% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| Variational Omni CRCL | +0.284% | +0.0104% | 8h | $2.5M | $3.2M | — | as long as short |
| Injective CRCL/USDC PERP | +0.818% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |