Spread before costs (cost unknown: a leg has no order-book sample)−0.064%
7d average−0.149%if it closes, per $10,000$6funding while held, a day−$3.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni CRCL | 95.632 | 0.0156 | pay 0.0156% / 8h | 1h 25m | $2.4M | $2.7M | — |
| Short | Ondo Perps CRCL-USD.P | 95.570 | 0.0050 | get 0.0006% / 1h | 25m 53s | $1.1M | $5.6M | 10x |
Variational Omni CRCL
Ondo Perps CRCL-USD.PPrice 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
- −$6.44
- Funding while held
- −$3.16
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$14.6
- Spread needed to break even
- 0.050%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0105%
- Per $10,000 a day
- −$3.16
- 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 Variational Omni RFQ quote, 5 min ago | 3.41 bp | doesn't fit | 14.5 bp −$145 | doesn't fit | doesn'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.Vest95.520cheapestPacifica95.532+0.013%
Vest
PacificaOndo Perps95.570+0.052%
Deribit95.570+0.052%Orderly95.580+0.063%SoDEX95.583+0.066%Nado95.589+0.073%Arcus95.590+0.073%QFEX95.590+0.073%Polymarket Perps95.590+0.073%Coinbase International95.590+0.073%BloFin95.600+0.084%Aevo95.600+0.084%Extended95.610+0.094%Aster95.620+0.105%Paradex95.629+0.114%
Deribit
Orderly
SoDEX
Nado
Arcus
QFEX
Polymarket Perps
Coinbase International
BloFin
Aevo
Extended
Aster
ParadexVariational Omni95.632+0.117%
Binance95.640+0.126%Bybit95.640+0.126%Gate95.640+0.126%Lighter95.642+0.128%OKX95.650+0.136%Phemex95.650+0.136%RISEx95.654+0.140%tradeXYZ95.666+0.153%Lighter RH95.669+0.156%Aftermath Perps95.673+0.160%Bitget95.700+0.188%KuCoin95.720+0.209%edgeX95.922+0.421%Phoenix95.925+0.424%ApeX Omni95.990+0.492%Injective96.110+0.618%
Binance
Bybit
Gate
Lighter
OKX
Phemex
RISEx
tradeXYZ
Lighter RH
Bitget
KuCoin
Phoenix
ApeX Omni
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 | −0.117% | +0.0046% | 1h | — | $35K | 25x | as long as short |
| Pacifica CRCL | −0.104% | +0.0100% | 1h | $89K | $89K | 10x | as long as short |
| Ondo Perps CRCL-USD.Pshort | −0.064% | +0.0050% | 1h | $1.1M | $5.6M | 10x | |
| Deribit CRCL_USDC-PERPETUAL | −0.064% | +0.0273% | 1h | $1K | $799K | 10x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | −0.054% | +0.0100% | 8h | $953 | $3K | 10x | as long as short |
| SoDEX CRCL-USD | −0.051% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| Nado CRCL-PERP | −0.044% | +0.0207% | 1h | $131K | $77K | 3x | as long as short |
| Arcus CRCL-USD | −0.043% | +0.0040% | 1h | $123K | $222K | 10x | as long as short |
| QFEX CRCL-USD | −0.043% | +0.0042% | 1h | $1.4M | $2.5M | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.043% | +0.0050% | 1h | $380K | $1.1M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.043% | +0.0080% | 1h | $937K | $741K | 10x | as long as short |
| BloFin CRCL-USDT | −0.033% | +0.0361% | 8h | $1.1M | $490K | 20x | as long as short |
| Aevo CRCL-PERP | −0.033% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.023% | +0.0240% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Aster CRCLUSDT | −0.012% | +0.0246% | 8h | $1.3M | $4.1M | 20x | as long as short |
| Paradex CRCL-USD-PERP | −0.003% | +0.0107% | 8h | $727 | $428 | 5x | as long as short |
| Variational Omni CRCLlong | 0.000% | +0.0156% | 8h | $2.4M | $2.7M | — | |
| Binance CRCLUSDT | +0.009% | +0.0241% | 8h | $107.6M | $310.0M | 50x | as long as short |
| Bybit CRCLUSDT | +0.009% | +0.0152% | 8h | $16.0M | $21.3M | 50x | as long as short |
| Gate CRCL_USDT | +0.009% | 0.0000% | 8h | $7.2M | $23.3M | 50x | as long as short |
| Lighter CRCL | +0.011% | +0.0096% | 1h | $3.0M | $1.9M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.019% | +0.0219% | 8h | $22.7M | $50.9M | 50x | as long as short |
| Phemex CRCLUSDT | +0.019% | 0.0000% | 4h | $1.1M | $47K | 10x | as long as short |
| RISEx CRCL/USDC | +0.023% | +0.0336% | 1h | $413K | $324K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.036% | +0.0171% | 1h | $76.1M | $35.4M | 10x | as long as short |
| Lighter RH CRCL | +0.039% | +0.0032% | 1h | $877K | $2.4M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.043% | +0.0300% | 1h | $1K | $10K | 5x | as long as short |
| Bitget CRCLUSDT | +0.072% | +0.0229% | 8h | $16.7M | $30.6M | 25x | as long as short |
| KuCoin CRCLUSDTM | +0.092% | +0.0126% | 8h | $3.0M | $1.1M | 20x | as long as short |
| edgeX CRCLUSDC | +0.304% | +0.0315% | 4h | $21K | $260K | 10x | as long as short |
| Phoenix CRCL | +0.307% | +0.0259% | 1h | $28K | $68K | 10x | as long as short |
| ApeX Omni CRCLUSDT | +0.375% | +0.0100% | 1h | $70K | $8K | 50x | as long as short |
| Injective CRCL/USDC PERP | +0.500% | +0.0440% | 1h | $5K | $105K | 30x | as long as short |