Spread before costs (cost unknown: a leg has no order-book sample)+0.109%
7d average—if it closes, per $10,000$11funding while held, a day+$1.62
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest CRCL-USD-PERP | 94.630 | 0.0040 | pay 0.0005% / 1h | 36m 17s | — | $45K | 25x |
| Short | Variational Omni CRCL | 94.734 | 0.0094 | get 0.0094% / 8h | 7h 36m | $2.2M | $2.9M | — |
Vest CRCL-USD-PERP
Variational Omni 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
- $10.95
- Funding while held
- $1.62
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $10.56
- Spread needed to break even
- 0.020%
Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0054%
- Per $10,000 a day
- +$1.62
- 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 Variational Omni RFQ quote, 4 min ago | 3.42 bp | doesn't fit | 12.7 bp −$127 | 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.Vest94.630cheapest
Nado94.644+0.015%Ondo Perps94.650+0.021%Arcus94.680+0.053%ApeX Omni94.680+0.053%Phemex94.680+0.053%Polymarket Perps94.686+0.059%QFEX94.700+0.074%Paradex94.702+0.076%Aftermath Perps94.714+0.088%RISEx94.720+0.095%Pacifica94.727+0.103%Aster94.727+0.103%KuCoin94.730+0.106%Coinbase International94.730+0.106%Lighter RH94.733+0.109%
Nado
Ondo Perps
Arcus
ApeX Omni
Phemex
Polymarket Perps
QFEX
Paradex
RISEx
Pacifica
Aster
KuCoin
Coinbase International
Lighter RHVariational Omni94.734+0.109%
edgeX94.750+0.127%Lighter94.750+0.127%BloFin94.750+0.127%Gate94.800+0.180%Orderly94.800+0.180%Binance94.804+0.184%SoDEX94.805+0.185%tradeXYZ94.806+0.186%Extended94.813+0.193%Phoenix94.817+0.198%Deribit94.830+0.211%Aevo94.838+0.220%Bybit94.840+0.222%OKX94.850+0.232%Bitget94.860+0.243%Injective95.100+0.497%
Lighter
BloFin
Gate
Orderly
Binance
SoDEX
tradeXYZ
Extended
Phoenix
Deribit
Aevo
Bybit
OKX
Bitget
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERPlong | 0.000% | +0.0040% | 1h | — | $45K | 25x | |
| Nado CRCL-PERP | +0.015% | +0.0307% | 1h | $132K | $78K | 3x | as long as short |
| Ondo Perps CRCL-USD.P | +0.021% | +0.0050% | 1h | $1.1M | $5.7M | 10x | as long as short |
| Arcus CRCL-USD | +0.053% | +0.0427% | 1h | $106K | $250K | 10x | as long as short |
| ApeX Omni CRCLUSDT | +0.053% | +0.0100% | 1h | $70K | $7K | 50x | as long as short |
| Phemex CRCLUSDT | +0.053% | 0.0000% | 4h | $1.0M | $45K | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.059% | +0.0050% | 1h | $357K | $1.1M | 10x | as long as short |
| QFEX CRCL-USD | +0.074% | +0.0049% | 1h | $1.4M | $2.6M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.076% | +0.0088% | 8h | $720 | $428 | 5x | as long as short |
| Aftermath Perps CRCLUSD | +0.088% | +0.0312% | 1h | $2K | $13K | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| RISEx CRCL/USDC | +0.095% | +0.0124% | 1h | $405K | $336K | 10x | as long as short |
| Pacifica CRCL | +0.103% | +0.0100% | 1h | $76K | $98K | 10x | as long as short |
| Aster CRCLUSDT | +0.103% | +0.0160% | 8h | $1.1M | $4.6M | 20x | as long as short |
| KuCoin CRCLUSDTM | +0.106% | +0.0240% | 8h | $2.9M | $1.4M | 20x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.106% | +0.0080% | 1h | $942K | $797K | 10x | as long as short |
| Lighter RH CRCL | +0.109% | +0.0032% | 1h | $795K | $2.7M | 10x | as long as short |
| Variational Omni CRCLshort | +0.109% | +0.0094% | 8h | $2.2M | $2.9M | — | |
| edgeX CRCLUSDC | +0.127% | +0.0686% | 4h | $24K | $265K | 10x | as long as short |
| Lighter CRCL | +0.127% | +0.0280% | 1h | $2.9M | $2.0M | 10x | as long as short |
| BloFin CRCL-USDT | +0.127% | +0.0290% | 8h | $1.1M | $585K | 20x | as long as short |
| Gate CRCL_USDT | +0.180% | 0.0000% | 8h | $7.1M | $25.3M | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.180% | +0.0100% | 8h | $945 | $3K | 10x | as long as short |
| Binance CRCLUSDT | +0.184% | +0.0169% | 8h | $107.5M | $352.3M | 50x | as long as short |
| SoDEX CRCL-USD | +0.185% | +0.0050% | 1h | $48K | $3K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.186% | +0.0088% | 1h | $71.4M | $40.1M | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.193% | +0.0168% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Phoenix CRCL | +0.198% | +0.0204% | 1h | $28K | $92K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.211% | +0.0594% | 1h | $4K | $802K | 10x | as long as short |
| Aevo CRCL-PERP | +0.220% | +0.0104% | 1h | $4 | — | 10x | as long as short |
| Bybit CRCLUSDT | +0.222% | +0.0123% | 8h | $15.5M | $23.3M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | +0.232% | +0.0207% | 8h | $22.8M | $55.8M | 50x | as long as short |
| Bitget CRCLUSDT | +0.243% | +0.0272% | 8h | $16.7M | $33.0M | 25x | as long as short |
| Injective CRCL/USDC PERP | +0.497% | +0.0440% | 1h | $5K | $76K | 30x | as long as short |