Spread before costs (cost unknown: a leg has no order-book sample)+0.011%
7d average—if it closes, per $10,000$1funding while held, a day−$1.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest CRCL-USD-PERP | 94.210 | 0.0046 | pay 0.0006% / 1h | 23m 58s | — | $42K | 25x |
| Short | Deribit CRCL_USDC-PERPETUAL | 94.220 | 0 | get 0.0000% / 1h | 23m 58s | $4K | $801K | 10x |
Vest CRCL-USD-PERP
Deribit CRCL_USDC-PERPETUALPrice 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
- $1.06
- Funding while held
- −$1.37
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$9.31
- Spread needed to break even
- 0.090%
Slippage unknown: Vest: no order-book sample; Deribit: live order book, 21 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0046%
- Per $10,000 a day
- −$1.37
- 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 Vest no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 21 min ago | 6.31 bp | 9.8 bp −$10 | 13.7 bp −$137 | doesn't fit | doesn't fit |
Vest: 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.tradeXYZ94.156cheapestLighter RH94.171+0.016%Extended94.190+0.036%SoDEX94.200+0.047%Phemex94.200+0.047%Binance94.201+0.048%Aster94.203+0.050%Ondo Perps94.210+0.057%
tradeXYZ
Lighter RH
Extended
SoDEX
Phemex
Binance
Aster
Ondo PerpsVest94.210+0.057%
Orderly94.220+0.068%
OrderlyDeribit94.220+0.068%
Nado94.222+0.070%Polymarket Perps94.226+0.074%Gate94.230+0.079%ApeX Omni94.230+0.079%Lighter94.233+0.082%Bitget94.240+0.089%Aevo94.245+0.094%Bybit94.250+0.100%KuCoin94.250+0.100%OKX94.260+0.110%Arcus94.270+0.121%Coinbase International94.280+0.132%Phoenix94.281+0.133%RISEx94.290+0.142%QFEX94.300+0.153%Variational Omni94.307+0.160%Paradex94.317+0.171%Pacifica94.345+0.201%BloFin94.400+0.259%Aftermath Perps94.439+0.301%edgeX94.520+0.386%Injective94.910+0.801%
Nado
Polymarket Perps
Gate
ApeX Omni
Lighter
Bitget
Aevo
Bybit
KuCoin
OKX
Arcus
Coinbase International
Phoenix
RISEx
QFEX
Variational Omni
Paradex
Pacifica
BloFin
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | −0.057% | +0.0050% | 1h | $71.0M | $39.9M | 10x | as long as short |
| Lighter RH CRCL | −0.041% | +0.0032% | 1h | $799K | $2.7M | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.021% | +0.0192% | 1h | $1.0M | $3.1M | 10x | as long as short |
| SoDEX CRCL-USD | −0.011% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Phemex CRCLUSDT | −0.011% | 0.0000% | 4h | $1.0M | $47K | 10x | as long as short |
| Binance CRCLUSDT | −0.010% | +0.0194% | 8h | $106.7M | $338.8M | 50x | as long as short |
| Aster CRCLUSDT | −0.007% | +0.0185% | 8h | $1.1M | $4.5M | 20x | as long as short |
| Ondo Perps CRCL-USD.P | 0.000% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Vest CRCL-USD-PERPlong | 0.000% | +0.0046% | 1h | — | $42K | 25x | |
| Orderly PERP_CRCL_USDC_mythos | +0.011% | +0.0100% | 8h | $939 | $3K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit CRCL_USDC-PERPETUALshort | +0.011% | 0.0000% | 1h | $4K | $801K | 10x | |
| Nado CRCL-PERP | +0.013% | +0.0270% | 1h | $131K | $79K | 3x | as long as short |
| Polymarket Perps CRCL-USD | +0.017% | +0.0050% | 1h | $355K | $1.1M | 10x | as long as short |
| Gate CRCL_USDT | +0.021% | 0.0000% | 8h | $7.1M | $24.8M | 50x | as long as short |
| ApeX Omni CRCLUSDT | +0.021% | +0.0100% | 1h | $69K | $8K | 50x | as long as short |
| Lighter CRCL | +0.024% | +0.0136% | 1h | $2.9M | $2.0M | 10x | as long as short |
| Bitget CRCLUSDT | +0.032% | +0.0261% | 8h | $16.3M | $32.2M | 25x | as long as short |
| Aevo CRCL-PERP | +0.037% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Bybit CRCLUSDT | +0.042% | +0.0136% | 8h | $15.8M | $22.2M | 50x | as long as short |
| KuCoin CRCLUSDTM | +0.042% | +0.0212% | 8h | $2.9M | $1.3M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | +0.053% | +0.0193% | 8h | $22.4M | $53.5M | 50x | as long as short |
| Arcus CRCL-USD | +0.064% | +0.0063% | 1h | $106K | $249K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.074% | +0.0088% | 1h | $948K | $788K | 10x | as long as short |
| Phoenix CRCL | +0.075% | +0.0294% | 1h | $28K | $92K | 10x | as long as short |
| RISEx CRCL/USDC | +0.085% | +0.0101% | 1h | $403K | $342K | 10x | as long as short |
| QFEX CRCL-USD | +0.096% | +0.0046% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Variational Omni CRCL | +0.103% | +0.0126% | 8h | $2.3M | $2.7M | — | as long as short |
| Paradex CRCL-USD-PERP | +0.114% | +0.0082% | 8h | $717 | $428 | 5x | as long as short |
| Pacifica CRCL | +0.144% | +0.0100% | 1h | $89K | $90K | 10x | as long as short |
| BloFin CRCL-USDT | +0.202% | +0.0316% | 8h | $1.1M | $544K | 20x | as long as short |
| Aftermath Perps CRCLUSD | +0.243% | +0.0286% | 1h | $1K | $12K | 5x | as long as short |
| edgeX CRCLUSDC | +0.329% | +0.0762% | 4h | $21K | $263K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.743% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |