After costs, if the gap returns to its 7d average, $10k−$38
spread now+0.053%7d average+0.025%fees + slippage, in and out−$41spread needed0.406%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:CRCL | 94.030 | 0.0050 | pay 0.0006% / 1h | 19m 06s | $70.8M | $40.0M | 10x |
| Short | Deribit CRCL_USDC-PERPETUAL | 94.080 | 0 | get 0.0000% / 1h | 19m 06s | $4K | $801K | 10x |
tradeXYZ xyz:CRCL
Deribit CRCL_USDC-PERPETUALPrice 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
- $5.32
- Funding while held
- −$1.5
- Slippage, 4 orders
- −$15.63
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$36.82
- Spread needed to break even
- 0.406%
Slippage from tradeXYZ: live order book, 12 min ago; Deribit: live order book, 26 min ago.
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 tradeXYZ live order book, 12 min ago | 1.16 bp | 10.2 bp −$10 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 26 min ago | 6.31 bp | 9.8 bp −$10 | 13.7 bp −$137 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Vest93.980cheapestCoinbase International94.000+0.021%Extended94.026+0.049%
Vest
Coinbase International
ExtendedtradeXYZ94.030+0.053%
ApeX Omni94.030+0.053%Binance94.031+0.054%Lighter RH94.046+0.070%edgeX94.059+0.084%Bitget94.060+0.085%SoDEX94.060+0.085%OKX94.070+0.096%Variational Omni94.072+0.098%Bybit94.080+0.106%
ApeX Omni
Binance
Lighter RH
Bitget
SoDEX
OKX
Variational Omni
BybitDeribit94.080+0.106%
BloFin94.080+0.106%Lighter94.083+0.110%Gate94.090+0.117%Aster94.095+0.122%Nado94.112+0.141%Pacifica94.112+0.141%Polymarket Perps94.113+0.142%QFEX94.120+0.149%Arcus94.130+0.160%Orderly94.130+0.160%Aevo94.145+0.175%Ondo Perps94.150+0.181%Phemex94.150+0.181%RISEx94.160+0.192%Paradex94.163+0.195%Phoenix94.175+0.207%KuCoin94.190+0.223%Aftermath Perps94.206+0.241%Injective94.910+0.990%
BloFin
Lighter
Gate
Aster
Nado
Pacifica
Polymarket Perps
QFEX
Arcus
Orderly
Aevo
Ondo Perps
Phemex
RISEx
Paradex
Phoenix
KuCoin
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 | −0.053% | +0.0046% | 1h | — | $42K | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.032% | +0.0088% | 1h | $934K | $795K | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.004% | +0.0184% | 1h | $1.0M | $3.1M | 10x | as long as short |
| tradeXYZ xyz:CRCLlong | 0.000% | +0.0050% | 1h | $70.8M | $40.0M | 10x | |
| ApeX Omni CRCLUSDT | 0.000% | +0.0100% | 1h | $69K | $8K | 50x | as long as short |
| Binance CRCLUSDT | +0.001% | +0.0182% | 8h | $106.2M | $340.5M | 50x | as long as short |
| Lighter RH CRCL | +0.017% | +0.0032% | 1h | $799K | $2.7M | 10x | as long as short |
| edgeX CRCLUSDC | +0.030% | +0.0888% | 4h | $21K | $262K | 10x | as long as short |
| Bitget CRCLUSDT | +0.032% | +0.0258% | 8h | $16.3M | $32.2M | 25x | as long as short |
| SoDEX CRCL-USD | +0.032% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX CRCL-USDT-SWAP | +0.043% | +0.0186% | 8h | $22.4M | $53.6M | 50x | as long as short |
| Variational Omni CRCL | +0.045% | +0.0114% | 8h | $2.3M | $2.7M | — | as long as short |
| Bybit CRCLUSDT | +0.053% | +0.0129% | 8h | $15.6M | $22.3M | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUALshort | +0.053% | 0.0000% | 1h | $4K | $801K | 10x | |
| BloFin CRCL-USDT | +0.053% | +0.0302% | 8h | $1.1M | $553K | 20x | as long as short |
| Lighter CRCL | +0.056% | +0.0136% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Gate CRCL_USDT | +0.064% | 0.0000% | 8h | $7.0M | $24.9M | 50x | as long as short |
| Aster CRCLUSDT | +0.069% | +0.0172% | 8h | $1.1M | $4.5M | 20x | as long as short |
| Nado CRCL-PERP | +0.087% | +0.0263% | 1h | $131K | $80K | 3x | as long as short |
| Pacifica CRCL | +0.088% | +0.0100% | 1h | $75K | $103K | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.088% | +0.0050% | 1h | $355K | $1.1M | 10x | as long as short |
| QFEX CRCL-USD | +0.096% | +0.0046% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Arcus CRCL-USD | +0.106% | +0.0063% | 1h | $106K | $249K | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.106% | +0.0100% | 8h | $938 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.122% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.128% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Phemex CRCLUSDT | +0.128% | 0.0000% | 4h | $1.0M | $47K | 10x | as long as short |
| RISEx CRCL/USDC | +0.138% | +0.0101% | 1h | $403K | $342K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.141% | +0.0078% | 8h | $716 | $428 | 5x | as long as short |
| Phoenix CRCL | +0.154% | +0.0294% | 1h | $28K | $92K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.170% | +0.0213% | 8h | $2.9M | $1.3M | 20x | as long as short |
| Aftermath Perps CRCLUSD | +0.187% | +0.0285% | 1h | $2K | $12K | 5x | as long as short |
| Injective CRCL/USDC PERP | +0.936% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |