Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0061%/8h= −6.6% APRpaid last 24h +0.020%

Price spread now: Binance against Aevo+0.143%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.143% dearer against Aevo than usual: you sell high and buy low (spread +0.143% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo CRCL-PERP	91.322	0.0104	pay 0.0013% / 1h	12m 02s	$4	—	10x
Short	Binance CRCLUSDT	91.453	0.0043	get 0.0043% / 8h	2h 12m	$104.2M	$396.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee BinancebpOrdersPrice spread, now +0.143%Rate

Funding earned: −$12.74
Price spread: +0.143% → 0.000%: $14.35
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.39
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Binance: live order book, 2 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	0.55 bp	6.5 bp −$6	10.8 bp −$108	33.8 bp −$3,384	130.8 bp −$65.4K

Aevo: 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 on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CRCLUSDT	−0.0981%	8h	91.480	+0.172%	$17.1M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0079%	1h	91.000	−0.353%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.520	+0.216%	$14.6M	$26.9M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.400	+0.085%	$7.6M	$27.6M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.280	−0.047%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.380	+0.063%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0029%	8h	91.346	+0.026%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.395	+0.079%	$974K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	91.226	−0.106%	$2K	$27K	5x	as long as short
Extended CRCL_24_5-USD	+0.0040%	1h	91.494	+0.188%	$1.0M	$5.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.250	−0.079%	$93K	$289K	10x	as long as short
Binance CRCLUSDTshort	+0.0043%	8h	91.453	+0.143%	$104.2M	$396.8M	50x
tradeXYZ xyz:CRCL	+0.0050%	1h	91.334	+0.013%	$68.3M	$43.5M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.316	−0.007%	$382K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.341	+0.020%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.220	−0.112%	$1.1M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.310	−0.014%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.190	−0.145%	$888K	$603K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.290	−0.036%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.280	−0.047%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.210	−0.123%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.300	−0.025%	$910	$2K	10x	as long as short
Aevo CRCL-PERPlong	+0.0104%	1h	91.322	long leg	$4	—	10x
RISEx CRCL/USDC	+0.0117%	1h	91.334	+0.013%	$416K	$285K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0122%	8h	91.298	−0.027%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0125%	8h	91.320	−0.003%	$65K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0138%	8h	91.530	+0.227%	$22.1M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0162%	8h	91.310	−0.014%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.287	−0.039%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0240%	1h	91.399	+0.084%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0323%	1h	91.206	−0.128%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.760	+0.479%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0737%	1h	91.310	−0.014%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0795%	4h	91.300	−0.025%	$52K	$278K	10x	as long as short