data as of
Settings8H · net · $10k
Price arb /

CRCL

RWAall CRCL markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)+0.119%
7d average−0.078%if it closes, per $10,000$12funding while held, a day−$3.84
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:CRCL94.8270.0178pay 0.0022% / 1h19m 05s$74.9M$36.1M10x
ShortOndo Perps CRCL-USD.P94.9400.0050get 0.0006% / 1h19m 05s$1.1M$5.6M10x

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
$11.92
Funding while held
−$3.84
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$14.92
Spread needed to break even
0.230%
Slippage unknown: tradeXYZ: live order book, 11 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0128%
Per $10,000 a day
$3.84
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, 11 min ago0.68 bp11.0 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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.

CRCL on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
tradeXYZ xyz:CRCLlong0.000%+0.0178%1h$74.9M$36.1M10x
Bitget CRCLUSDT+0.003%+0.0239%8h$16.5M$30.8M25xas long as short
Gate CRCL_USDT+0.014%0.0000%8h$7.1M$23.5M50xas long as short
KuCoin CRCLUSDTM+0.035%+0.0155%8h$2.9M$1.2M20xas long as short
SoDEX CRCL-USD+0.051%+0.0050%1h$48K$3K10xas long as short
BloFin CRCL-USDT+0.056%+0.0364%8h$1.1M$497K20xas long as short
Deribit CRCL_USDC-PERPETUAL+0.066%+0.0172%1h$1K$799K10xas long as short
Lighter RH CRCL+0.077%+0.0032%1h$868K$2.4M10xas long as short
Phemex CRCLUSDT+0.077%0.0000%4h$1.0M$47K10xas long as short
Vest CRCL-USD-PERP+0.088%+0.0046%1h$35K25xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended CRCL_24_5-USD+0.090%+0.0240%1h$1.0M$3.1M10xas long as short
Orderly PERP_CRCL_USDC_mythos+0.098%+0.0100%8h$946$3K10xas long as short
Coinbase International CRCL-PERP-INTX+0.098%+0.0080%1h$931K$736K10xas long as short
Aevo CRCL-PERP+0.108%+0.0104%1h$410xas long as short
Polymarket Perps CRCL-USD+0.110%+0.0050%1h$377K$1.1M10xas long as short
Binance CRCLUSDT+0.114%+0.0244%8h$107.4M$313.7M50xas long as short
Lighter CRCL+0.119%+0.0152%1h$2.9M$1.9M10xas long as short
Ondo Perps CRCL-USD.Pshort+0.119%+0.0050%1h$1.1M$5.6M10x
Aster CRCLUSDT+0.133%+0.0241%8h$1.3M$4.3M20xas long as short
Nado CRCL-PERP+0.149%+0.0233%1h$129K$78K3xas long as short
Bybit CRCLUSDT+0.193%+0.0153%8h$15.9M$21.5M50xas long as short
Pacifica CRCL+0.241%+0.0100%1h$90K$90K10xas long as short
Arcus CRCL-USD+0.256%+0.0040%1h$122K$223K10xas long as short
RISEx CRCL/USDC+0.283%+0.0336%1h$411K$323K10xas long as short
OKX CRCL-USDT-SWAP+0.288%+0.0218%8h$22.6M$50.9M50xas long as short
QFEX CRCL-USD+0.298%+0.0042%1h$1.4M$2.5M10xas long as short
Paradex CRCL-USD-PERP+0.308%+0.0109%8h$723$4285xas long as short
Aftermath Perps CRCLUSD+0.618%+0.0333%1h$1K$11K5xas long as short
ApeX Omni CRCLUSDT+0.699%+0.0100%1h$70K$8K50xas long as short
Variational Omni CRCL+0.724%+0.0161%8h$2.4M$2.7Mas long as short
edgeX CRCLUSDC+0.756%+0.0917%4h$21K$261K10xas long as short
Injective CRCL/USDC PERP+0.762%+0.0440%1h$5K$105K30xas long as short
Phoenix CRCL+0.851%+0.0259%1h$28K$68K10xas long as short