After costs, if the gap returns to its 7d average, $10k−$57
spread now−0.003%7d average+0.031%fees + slippage, in and out−$54spread needed0.537%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:CRCL | 95.310 | 0.0178 | pay 0.0022% / 1h | 18m 11s | $75.1M | $36.3M | 10x |
| Short | Nado CRCL-PERP | 95.307 | 0.0232 | get 0.0029% / 1h | 18m 11s | $130K | $78K | 3x |
tradeXYZ xyz:CRCL
Nado CRCL-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
- −$0.33
- Funding while held
- $1.61
- Slippage, 4 orders
- −$28.74
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$52.45
- Spread needed to break even
- 0.537%
Slippage from tradeXYZ: live order book, 12 min ago; Nado: live order book, 36 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0054%
- Per $10,000 a day
- +$1.61
- 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 | 0.68 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 36 min ago | 4.21 bp | 13.1 bp −$13 | 27.7 bp −$277 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International94.770cheapestBloFin94.880+0.116%Ondo Perps94.990+0.232%Pacifica95.072+0.318%Paradex95.128+0.378%Vest95.180+0.433%QFEX95.190+0.443%Arcus95.200+0.454%RISEx95.236+0.491%Extended95.240+0.496%Deribit95.250+0.506%SoDEX95.275+0.533%Phemex95.280+0.538%Orderly95.290+0.549%Bybit95.300+0.559%Lighter RH95.301+0.560%Aevo95.304+0.563%
Coinbase International
BloFin
Ondo Perps
Pacifica
Paradex
Vest
QFEX
Arcus
RISEx
Extended
Deribit
SoDEX
Phemex
Orderly
Bybit
Lighter RH
AevoNado95.307+0.567%
tradeXYZ95.310+0.570%
Gate95.310+0.570%Polymarket Perps95.315+0.575%Aster95.315+0.575%Binance95.320+0.580%Lighter95.327+0.588%OKX95.330+0.591%Aftermath Perps95.348+0.610%KuCoin95.360+0.623%Bitget95.370+0.633%ApeX Omni95.490+0.760%Variational Omni95.514+0.785%edgeX95.544+0.816%Injective95.550+0.823%Phoenix95.634+0.912%
Gate
Polymarket Perps
Aster
Binance
Lighter
OKX
KuCoin
Bitget
ApeX Omni
Variational Omni
Injective
PhoenixCRCL 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 | −0.567% | +0.0080% | 1h | $929K | $735K | 10x | as long as short |
| BloFin CRCL-USDT | −0.451% | +0.0364% | 8h | $1.1M | $497K | 20x | as long as short |
| Ondo Perps CRCL-USD.P | −0.336% | +0.0050% | 1h | $1.1M | $5.6M | 10x | as long as short |
| Pacifica CRCL | −0.250% | +0.0100% | 1h | $90K | $90K | 10x | as long as short |
| Paradex CRCL-USD-PERP | −0.191% | +0.0109% | 8h | $723 | $428 | 5x | as long as short |
| Vest CRCL-USD-PERP | −0.136% | +0.0046% | 1h | — | $35K | 25x | as long as short |
| QFEX CRCL-USD | −0.126% | +0.0042% | 1h | $1.4M | $2.5M | 10x | as long as short |
| Arcus CRCL-USD | −0.115% | +0.0040% | 1h | $122K | $223K | 10x | as long as short |
| RISEx CRCL/USDC | −0.078% | +0.0336% | 1h | $411K | $323K | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.073% | +0.0240% | 1h | $1.0M | $3.1M | 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 | −0.063% | +0.0170% | 1h | $1K | $799K | 10x | as long as short |
| SoDEX CRCL-USD | −0.037% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| Phemex CRCLUSDT | −0.031% | 0.0000% | 4h | $1.1M | $47K | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.021% | +0.0100% | 8h | $950 | $3K | 10x | as long as short |
| Bybit CRCLUSDT | −0.010% | +0.0154% | 8h | $16.0M | $21.5M | 50x | as long as short |
| Lighter RH CRCL | −0.009% | +0.0032% | 1h | $871K | $2.4M | 10x | as long as short |
| Aevo CRCL-PERP | −0.006% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Nado CRCL-PERPshort | −0.003% | +0.0232% | 1h | $130K | $78K | 3x | |
| tradeXYZ xyz:CRCLlong | 0.000% | +0.0178% | 1h | $75.1M | $36.3M | 10x | |
| Gate CRCL_USDT | 0.000% | 0.0000% | 8h | $7.1M | $23.6M | 50x | as long as short |
| Polymarket Perps CRCL-USD | +0.005% | +0.0050% | 1h | $349K | $1.1M | 10x | as long as short |
| Aster CRCLUSDT | +0.006% | +0.0237% | 8h | $1.3M | $4.3M | 20x | as long as short |
| Binance CRCLUSDT | +0.010% | +0.0243% | 8h | $107.8M | $314.7M | 50x | as long as short |
| Lighter CRCL | +0.018% | +0.0168% | 1h | $3.0M | $1.9M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.021% | +0.0217% | 8h | $22.7M | $51.1M | 50x | as long as short |
| Aftermath Perps CRCLUSD | +0.040% | +0.0331% | 1h | $2K | $11K | 5x | as long as short |
| KuCoin CRCLUSDTM | +0.052% | +0.0155% | 8h | $3.0M | $1.2M | 20x | as long as short |
| Bitget CRCLUSDT | +0.063% | +0.0240% | 8h | $16.6M | $30.9M | 25x | as long as short |
| ApeX Omni CRCLUSDT | +0.189% | +0.0100% | 1h | $70K | $8K | 50x | as long as short |
| Variational Omni CRCL | +0.214% | +0.0161% | 8h | $2.4M | $2.7M | — | as long as short |
| edgeX CRCLUSDC | +0.245% | +0.0917% | 4h | $21K | $261K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.252% | +0.0440% | 1h | $5K | $105K | 30x | as long as short |
| Phoenix CRCL | +0.340% | +0.0259% | 1h | $28K | $68K | 10x | as long as short |