Spread before costs (cost unknown: a leg has no order-book sample)+0.018%
7d average—if it closes, per $10,000$2funding while held, a day−$0.41
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest CRCL-USD-PERP | 94.090 | 0.0046 | pay 0.0006% / 1h | 22m 11s | — | $42K | 25x |
| Short | Lighter RH CRCL | 94.107 | 0.0032 | get 0.0004% / 1h | 22m 11s | $798K | $2.7M | 10x |
Vest CRCL-USD-PERP
Lighter RH CRCLPrice 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
- $1.81
- Funding while held
- −$0.41
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$0.6
- Spread needed to break even
- 0.020%
Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0014%
- Per $10,000 a day
- −$0.41
- 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 Lighter RH live order book, 2 min ago | 2.17 bp | 2.2 bp −$2 | 6.9 bp −$69 | 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.tradeXYZ94.085cheapest
tradeXYZVest94.090+0.005%
SoDEX94.106+0.022%
SoDEXLighter RH94.107+0.023%
Bitget94.120+0.037%Coinbase International94.130+0.048%Phemex94.140+0.058%Binance94.140+0.059%OKX94.150+0.069%Gate94.150+0.069%Deribit94.150+0.069%Extended94.154+0.073%Lighter94.165+0.085%Bybit94.170+0.090%KuCoin94.170+0.090%Phoenix94.175+0.096%Aevo94.177+0.098%Orderly94.180+0.101%Aster94.189+0.110%Ondo Perps94.190+0.112%Nado94.201+0.123%Pacifica94.204+0.126%Polymarket Perps94.209+0.132%Arcus94.220+0.143%QFEX94.220+0.143%Paradex94.235+0.160%RISEx94.250+0.175%BloFin94.300+0.229%Variational Omni94.307+0.236%Aftermath Perps94.356+0.288%ApeX Omni94.370+0.303%edgeX94.473+0.412%Injective94.910+0.877%
Bitget
Coinbase International
Phemex
Binance
OKX
Gate
Deribit
Extended
Lighter
Bybit
KuCoin
Phoenix
Aevo
Orderly
Aster
Ondo Perps
Nado
Pacifica
Polymarket Perps
Arcus
QFEX
Paradex
RISEx
BloFin
Variational Omni
ApeX Omni
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | −0.005% | +0.0050% | 1h | $70.9M | $40.0M | 10x | as long as short |
| Vest CRCL-USD-PERPlong | 0.000% | +0.0046% | 1h | — | $42K | 25x | |
| SoDEX CRCL-USD | +0.017% | +0.0050% | 1h | $47K | $3K | 10x | as long as short |
| Lighter RH CRCLshort | +0.018% | +0.0032% | 1h | $798K | $2.7M | 10x | |
| Bitget CRCLUSDT | +0.032% | +0.0259% | 8h | $16.3M | $32.2M | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.043% | +0.0088% | 1h | $936K | $796K | 10x | as long as short |
| Phemex CRCLUSDT | +0.053% | 0.0000% | 4h | $1.0M | $47K | 10x | as long as short |
| Binance CRCLUSDT | +0.054% | +0.0190% | 8h | $106.3M | $339.3M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | +0.064% | +0.0189% | 8h | $22.4M | $53.5M | 50x | as long as short |
| Gate CRCL_USDT | +0.064% | 0.0000% | 8h | $7.0M | $24.9M | 50x | as long as short |