Spread before costs (cost unknown: a leg has no order-book sample)−0.102%
7d average—if it closes, per $10,000$10funding while held, a day+$1.70
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX CRCL-USD | 95.630 | 0.0050 | pay 0.0006% / 1h | 22m 26s | $48K | $3K | 10x |
| Short | Paradex CRCL-USD-PERP | 95.533 | 0.0107 | get 0.0107% / 8h | 1h 22m | $726 | $428 | 5x |
SoDEX CRCL-USD
Paradex CRCL-USD-PERPPrice 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
- −$10.16
- Funding while held
- $1.7
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$20.46
- Spread needed to break even
- 0.120%
Slippage unknown: SoDEX: no order-book sample; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0057%
- Per $10,000 a day
- +$1.70
- 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 Paradex no order-book sample | — | — | — | — | — |
SoDEX and Paradex: 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.Coinbase International95.330cheapestArcus95.420+0.094%Nado95.434+0.109%QFEX95.450+0.126%Extended95.459+0.135%Vest95.460+0.136%RISEx95.484+0.161%Polymarket Perps95.505+0.184%Ondo Perps95.520+0.199%Phemex95.520+0.199%tradeXYZ95.529+0.209%Orderly95.530+0.210%
Coinbase International
Arcus
Nado
QFEX
Extended
Vest
RISEx
Polymarket Perps
Ondo Perps
Phemex
tradeXYZ
OrderlyParadex95.533+0.213%
Gate95.540+0.220%Bitget95.540+0.220%Aster95.555+0.236%Binance95.556+0.237%OKX95.560+0.241%ApeX Omni95.560+0.241%Bybit95.570+0.252%KuCoin95.570+0.252%Deribit95.570+0.252%BloFin95.570+0.252%Aftermath Perps95.572+0.254%Aevo95.587+0.270%Pacifica95.600+0.283%
Gate
Bitget
Aster
Binance
OKX
ApeX Omni
Bybit
KuCoin
Deribit
BloFin
Aevo
PacificaSoDEX95.630+0.315%
edgeX95.630+0.315%Variational Omni95.632+0.316%Lighter RH95.632+0.317%Lighter95.648+0.334%Phoenix95.717+0.406%Injective96.140+0.850%
Variational Omni
Lighter RH
Lighter
Phoenix
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.314% | +0.0080% | 1h | $935K | $739K | 10x | as long as short |
| Arcus CRCL-USD | −0.220% | +0.0040% | 1h | $123K | $223K | 10x | as long as short |
| Nado CRCL-PERP | −0.205% | +0.0220% | 1h | $131K | $77K | 3x | as long as short |
| QFEX CRCL-USD | −0.188% | +0.0042% | 1h | $1.4M | $2.5M | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.179% | +0.0240% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.178% | +0.0046% | 1h | — | $35K | 25x | as long as short |
| RISEx CRCL/USDC | −0.153% | +0.0336% | 1h | $412K | $323K | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.131% | +0.0050% | 1h | $379K | $1.1M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.115% | +0.0050% | 1h | $1.1M | $5.6M | 10x | as long as short |
| Phemex CRCLUSDT | −0.115% | 0.0000% | 4h | $1.1M | $47K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | −0.106% | +0.0178% | 1h | $75.9M | $35.6M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.105% | +0.0100% | 8h | $952 | $3K | 10x | as long as short |
| Paradex CRCL-USD-PERPshort | −0.102% | +0.0107% | 8h | $726 | $428 | 5x | |
| Gate CRCL_USDT | −0.094% | 0.0000% | 8h | $7.2M | $23.4M | 50x | as long as short |
| Bitget CRCLUSDT | −0.094% | +0.0235% | 8h | $16.6M | $30.7M | 25x | as long as short |
| Aster CRCLUSDT | −0.079% | +0.0242% | 8h | $1.3M | $4.1M | 20x | as long as short |
| Binance CRCLUSDT | −0.078% | +0.0242% | 8h | $107.6M | $311.3M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | −0.073% | +0.0221% | 8h | $22.7M | $51.0M | 50x | as long as short |
| ApeX Omni CRCLUSDT | −0.073% | +0.0100% | 1h | $69K | $8K | 50x | as long as short |
| Bybit CRCLUSDT | −0.063% | +0.0153% | 8h | $16.0M | $21.4M | 50x | as long as short |
| KuCoin CRCLUSDTM | −0.063% | +0.0145% | 8h | $3.0M | $1.1M | 20x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | −0.063% | +0.0378% | 1h | $1K | $799K | 10x | as long as short |
| BloFin CRCL-USDT | −0.063% | +0.0360% | 8h | $1.1M | $490K | 20x | as long as short |
| Aftermath Perps CRCLUSD | −0.061% | +0.0322% | 1h | $1K | $11K | 5x | as long as short |
| Aevo CRCL-PERP | −0.045% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Pacifica CRCL | −0.032% | +0.0100% | 1h | $89K | $89K | 10x | as long as short |
| SoDEX CRCL-USDlong | 0.000% | +0.0050% | 1h | $48K | $3K | 10x | |
| edgeX CRCLUSDC | 0.000% | +0.0927% | 4h | $21K | $261K | 10x | as long as short |
| Variational Omni CRCL | +0.002% | +0.0156% | 8h | $2.4M | $2.7M | — | as long as short |
| Lighter RH CRCL | +0.002% | +0.0032% | 1h | $881K | $2.4M | 10x | as long as short |
| Lighter CRCL | +0.019% | +0.0128% | 1h | $3.0M | $1.9M | 10x | as long as short |
| Phoenix CRCL | +0.091% | +0.0259% | 1h | $28K | $68K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.533% | +0.0440% | 1h | $5K | $105K | 30x | as long as short |