data as of
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Price arb /

CRCL

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$41
spread now+0.115%7d average+0.095%fees + slippage, in and out−$43spread needed0.429%
Long on tradeXYZShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:CRCL94.0020.0050pay 0.0006% / 1h20m 59s$70.8M$40.0M10x
ShortBybit CRCLUSDT94.1100.0132get 0.0132% / 8h20m 59s$15.6M$22.3M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$11.49
Funding while held
$2.47
Slippage, 4 orders
−$13.93
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$28.97
Spread needed to break even
0.429%
Slippage from tradeXYZ: live order book, 10 min ago; Bybit: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0082%
Per $10,000 a day
+$2.47
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 10 min ago1.16 bp10.2 bp −$1011.7 bp −$117doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago1.59 bp11.0 bp −$1126.6 bp −$26697.2 bp −$9,721doesn't fit

CRCL price on every exchange

against the cheapest. Click to use as the short leg.
Vest93.950cheapestPacifica93.996+0.049%Polymarket Perps93.998+0.051%
tradeXYZ94.002+0.055%
QFEX94.020+0.075%Lighter RH94.024+0.079%Paradex94.032+0.087%Extended94.034+0.089%Aster94.039+0.095%Arcus94.040+0.096%Orderly94.040+0.096%BloFin94.040+0.096%SoDEX94.056+0.113%RISEx94.057+0.114%Deribit94.060+0.117%Gate94.070+0.128%Binance94.081+0.140%Aevo94.084+0.142%Lighter94.100+0.160%KuCoin94.100+0.160%Coinbase International94.100+0.160%
Bybit94.110+0.170%
OKX94.110+0.170%Bitget94.110+0.170%Phemex94.110+0.170%Ondo Perps94.150+0.213%Phoenix94.175+0.239%Nado94.201+0.267%ApeX Omni94.250+0.319%Aftermath Perps94.294+0.366%Variational Omni94.307+0.380%edgeX94.473+0.556%Injective94.910+1.022%

CRCL on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Vest CRCL-USD-PERP−0.055%+0.0046%1h—$42K25xas long as short
Pacifica CRCL−0.006%+0.0100%1h$89K$90K10xas long as short
Polymarket Perps CRCL-USD−0.004%+0.0050%1h$354K$1.1M10xas long as short
tradeXYZ xyz:CRCLlong0.000%+0.0050%1h$70.8M$40.0M10x
QFEX CRCL-USD+0.019%+0.0046%1h$1.3M$2.6M10xas long as short
Lighter RH CRCL+0.023%+0.0032%1h$797K$2.7M10xas long as short
Paradex CRCL-USD-PERP+0.032%+0.0080%8h$715$4285xas long as short
Extended CRCL_24_5-USD+0.034%+0.0184%1h$1.0M$3.1M10xas long as short
Aster CRCLUSDT+0.039%+0.0179%8h$1.1M$4.5M20xas long as short
Arcus CRCL-USD+0.040%+0.0063%1h$106K$249K10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_CRCL_USDC_mythos+0.040%+0.0100%8h$938$3K10xas long as short
BloFin CRCL-USDT+0.040%+0.0306%8h$1.1M$543K20xas long as short
SoDEX CRCL-USD+0.057%+0.0050%1h$47K$3K10xas long as short
RISEx CRCL/USDC+0.058%+0.0101%1h$403K$342K10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.062%+0.0069%1h$4K$801K10xas long as short
Gate CRCL_USDT+0.072%0.0000%8h$7.0M$24.9M50xas long as short
Binance CRCLUSDT+0.084%+0.0186%8h$106.2M$339.8M50xas long as short
Aevo CRCL-PERP+0.087%+0.0104%1h$4—10xas long as short
Lighter CRCL+0.104%+0.0136%1h$2.9M$2.0M10xas long as short
KuCoin CRCLUSDTM+0.104%+0.0212%8h$2.9M$1.3M20xas long as short
Coinbase International CRCL-PERP-INTX+0.104%+0.0088%1h$935K$796K10xas long as short
Bybit CRCLUSDTshort+0.115%+0.0132%8h$15.6M$22.3M50x
OKX CRCL-USDT-SWAP+0.115%+0.0188%8h$22.4M$53.6M50xas long as short
Bitget CRCLUSDT+0.115%+0.0258%8h$16.3M$32.2M25xas long as short
Phemex CRCLUSDT+0.115%0.0000%4h$1.0M$47K10xas long as short
Ondo Perps CRCL-USD.P+0.157%+0.0050%1h$1.1M$5.7M10xas long as short
Phoenix CRCL+0.184%+0.0294%1h$28K$92K10xas long as short
Nado CRCL-PERP+0.212%+0.0267%1h$131K$79K3xas long as short
ApeX Omni CRCLUSDT+0.264%+0.0100%1h$69K$8K50xas long as short
Aftermath Perps CRCLUSD+0.310%+0.0288%1h$2K$12K5xas long as short
Variational Omni CRCL+0.324%+0.0126%8h$2.3M$2.7M—as long as short
edgeX CRCLUSDC+0.501%+0.0227%4h$21K$261K10xas long as short
Injective CRCL/USDC PERP+0.966%+0.0440%1h$5K$76K30xas long as short