After costs, if the gap returns to its 7d average, $10k−$102
spread now+0.077%7d average+0.032%fees + slippage, in and out−$106spread needed1.064%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:CRCL | 94.827 | 0.0178 | pay 0.0022% / 1h | 19m 09s | $74.9M | $36.1M | 10x |
| Short | Phemex CRCLUSDT | 94.900 | 0 | get 0.0000% / 4h | 1h 19m | $1.0M | $47K | 10x |
tradeXYZ xyz:CRCL
Phemex CRCLUSDTPrice 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
- $7.7
- Funding while held
- −$5.35
- Slippage, 4 orders
- −$76.43
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$104.08
- Spread needed to break even
- 1.064%
Slippage from tradeXYZ: live order book, 11 min ago; Phemex: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0178%
- Per $10,000 a day
- −$5.35
- 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, 11 min ago | 0.68 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.62 bp | 37.1 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ94.827cheapest
Bitget94.830+0.003%Gate94.840+0.014%KuCoin94.860+0.035%SoDEX94.875+0.051%BloFin94.880+0.056%Deribit94.890+0.066%Lighter RH94.900+0.077%
Bitget
Gate
KuCoin
SoDEX
BloFin
Deribit
Lighter RHPhemex94.900+0.077%
Vest94.910+0.088%Extended94.912+0.090%Orderly94.920+0.098%Coinbase International94.920+0.098%Aevo94.930+0.108%Polymarket Perps94.931+0.110%Binance94.936+0.114%Lighter94.940+0.119%Ondo Perps94.940+0.119%Aster94.953+0.133%Nado94.968+0.149%Bybit95.010+0.193%Pacifica95.055+0.241%Arcus95.070+0.256%RISEx95.095+0.283%OKX95.100+0.288%QFEX95.110+0.298%Paradex95.119+0.308%Aftermath Perps95.413+0.618%ApeX Omni95.490+0.699%Variational Omni95.514+0.724%edgeX95.544+0.756%Injective95.550+0.762%Phoenix95.634+0.851%
Vest
Extended
Orderly
Coinbase International
Aevo
Polymarket Perps
Binance
Lighter
Ondo Perps
Aster
Nado
Bybit
Pacifica
Arcus
RISEx
OKX
QFEX
Paradex
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 | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCLlong | 0.000% | +0.0178% | 1h | $74.9M | $36.1M | 10x | |
| Bitget CRCLUSDT | +0.003% | +0.0239% | 8h | $16.5M | $30.8M | 25x | as long as short |
| Gate CRCL_USDT | +0.014% | 0.0000% | 8h | $7.1M | $23.5M | 50x | as long as short |
| KuCoin CRCLUSDTM | +0.035% | +0.0155% | 8h | $2.9M | $1.2M | 20x | as long as short |
| SoDEX CRCL-USD | +0.051% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| BloFin CRCL-USDT | +0.056% | +0.0364% | 8h | $1.1M | $497K | 20x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.066% | +0.0172% | 1h | $1K | $799K | 10x | as long as short |
| Lighter RH CRCL | +0.077% | +0.0032% | 1h | $868K | $2.4M | 10x | as long as short |
| Phemex CRCLUSDTshort | +0.077% | 0.0000% | 4h | $1.0M | $47K | 10x | |
| Vest CRCL-USD-PERP | +0.088% | +0.0046% | 1h | — | $35K | 25x | as long as short |