After costs, if the gap returns to its 7d average, $10k−$29
spread now+0.082%7d average+0.064%fees + slippage, in and out−$30spread needed0.303%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:CRCL | 94.033 | 0.0052 | pay 0.0006% / 1h | 43m 29s | $70.8M | $40.7M | 10x |
| Short | RISEx CRCL/USDC | 94.110 | 0.0163 | get 0.0020% / 1h | 43m 29s | $402K | $315K | 10x |
tradeXYZ xyz:CRCL
RISEx CRCL/USDCPrice 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
- $8.19
- Funding while held
- $3.33
- Slippage, 4 orders
- −$6.26
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$18.74
- Spread needed to break even
- 0.303%
Slippage from tradeXYZ: live order book, 7 min ago; RISEx: live order book, 56 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0111%
- Per $10,000 a day
- +$3.33
- 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, 7 min ago | 0.69 bp | 9.8 bp −$10 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 56 min ago | 2.13 bp | 5.1 bp −$5 | 7.0 bp −$70 | doesn't fit | doesn't fit |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Phoenix93.860cheapestOndo Perps93.920+0.064%Vest93.940+0.085%ApeX Omni93.960+0.107%Coinbase International93.990+0.139%Aftermath Perps94.004+0.154%Nado94.012+0.162%
Phoenix
Ondo Perps
Vest
ApeX Omni
Coinbase International
NadotradeXYZ94.033+0.184%
Phemex94.040+0.192%Variational Omni94.047+0.200%Polymarket Perps94.053+0.206%Pacifica94.070+0.224%SoDEX94.075+0.229%Aster94.080+0.234%Binance94.080+0.234%KuCoin94.080+0.234%BloFin94.080+0.234%Arcus94.090+0.245%Gate94.090+0.245%Deribit94.090+0.245%Paradex94.091+0.246%Bybit94.100+0.256%QFEX94.100+0.256%Orderly94.100+0.256%Aevo94.101+0.256%Lighter RH94.103+0.259%Extended94.108+0.264%
Phemex
Variational Omni
Polymarket Perps
Pacifica
SoDEX
Aster
Binance
KuCoin
BloFin
Arcus
Gate
Deribit
Paradex
Bybit
QFEX
Orderly
Aevo
Lighter RH
ExtendedRISEx94.110+0.266%
edgeX94.117+0.274%OKX94.130+0.288%Bitget94.140+0.298%Lighter94.158+0.317%Injective94.550+0.735%
OKX
Bitget
Lighter
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix CRCL | −0.184% | +0.0248% | 1h | $28K | $92K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | −0.120% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.099% | +0.0035% | 1h | — | $45K | 25x | as long as short |
| ApeX Omni CRCLUSDT | −0.078% | +0.0100% | 1h | $69K | $5K | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.046% | +0.0120% | 1h | $942K | $743K | 10x | as long as short |
| Aftermath Perps CRCLUSD | −0.030% | +0.0360% | 1h | $2K | $15K | 5x | as long as short |
| Nado CRCL-PERP | −0.022% | +0.0305% | 1h | $131K | $69K | 3x | as long as short |
| tradeXYZ xyz:CRCLlong | 0.000% | +0.0052% | 1h | $70.8M | $40.7M | 10x | |
| Phemex CRCLUSDT | +0.007% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Variational Omni CRCL | +0.015% | +0.0098% | 8h | $2.5M | $3.2M | — | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps CRCL-USD | +0.021% | +0.0050% | 1h | $354K | $1.0M | 10x | as long as short |
| Pacifica CRCL | +0.039% | +0.0100% | 1h | $75K | $95K | 10x | as long as short |
| SoDEX CRCL-USD | +0.045% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Aster CRCLUSDT | +0.050% | +0.0136% | 8h | $1.1M | $4.6M | 20x | as long as short |
| Binance CRCLUSDT | +0.050% | +0.0150% | 8h | $107.0M | $367.2M | 50x | as long as short |
| KuCoin CRCLUSDTM | +0.050% | +0.0241% | 8h | $2.9M | $1.6M | 20x | as long as short |
| BloFin CRCL-USDT | +0.050% | +0.0269% | 8h | $1.1M | $597K | 20x | as long as short |
| Arcus CRCL-USD | +0.061% | +0.0651% | 1h | $101K | $255K | 10x | as long as short |
| Gate CRCL_USDT | +0.061% | 0.0000% | 8h | $7.1M | $26.2M | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.061% | +0.0495% | 1h | $4K | $802K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.061% | +0.0088% | 8h | $715 | $428 | 5x | as long as short |
| Bybit CRCLUSDT | +0.071% | +0.0051% | 8h | $15.0M | $24.6M | 50x | as long as short |
| QFEX CRCL-USD | +0.071% | +0.0067% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.071% | +0.0100% | 8h | $938 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.072% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Lighter RH CRCL | +0.074% | +0.0032% | 1h | $796K | $2.7M | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.080% | +0.0152% | 1h | $1.1M | $3.5M | 10x | as long as short |
| RISEx CRCL/USDCshort | +0.082% | +0.0163% | 1h | $402K | $315K | 10x | |
| edgeX CRCLUSDC | +0.089% | +0.0272% | 4h | $24K | $266K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.103% | +0.0240% | 8h | $22.7M | $57.8M | 50x | as long as short |
| Bitget CRCLUSDT | +0.114% | +0.0337% | 8h | $16.9M | $33.7M | 25x | as long as short |
| Lighter CRCL | +0.133% | +0.0272% | 1h | $2.9M | $2.1M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.550% | +0.0440% | 1h | $5K | $42K | 30x | as long as short |