Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0231%/8h= +25.3% APRpaid last 24h −0.005%

Price spread now: Bitget against Aevo+0.071%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 Bitget

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.071% dearer against Aevo than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo CRCL-PERP	94.413	0.0104	pay 0.0013% / 1h	23m 10s	$4	—	10x
Short	Bitget CRCLUSDT	94.480	0.0335	get 0.0335% / 8h	2h 23m	$16.8M	$35.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.071%Rate

Funding earned: $48.51
Price spread: +0.071% → 0.000%: $7.1
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: $27.61
Costs to cover: 0.280%
Break-even: 3.0 days

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	1.59 bp	10.7 bp −$11	18.1 bp −$181	64.3 bp −$6,433	doesn't fit

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
Extended CRCL_24_5-USD	0.0000%	1h	94.424	+0.011%	$1.1M	$3.8M	10x	as long as short
RISEx CRCL/USDC	0.0000%	1h	94.560	+0.156%	$431K	$310K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.540	+0.135%	$7.2M	$27.8M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	94.532	+0.126%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.450	+0.039%	$50K	$1.2M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.560	+0.156%	$1.0M	$50K	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	94.442	+0.030%	$108.5M	$389.3M	50x	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.540	+0.135%	$1.4M	$2.7M	10x	as long as short
Bybit CRCLUSDT	+0.0023%	8h	94.420	+0.007%	$15.5M	$25.9M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.425	+0.013%	$881K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CRCLUSDT	+0.0042%	8h	94.370	−0.046%	$1.1M	$4.8M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.437	+0.025%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.460	+0.050%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.446	+0.035%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.502	+0.094%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.480	+0.071%	$1.1M	$5.9M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0051%	1h	94.358	−0.058%	$70.9M	$42.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.601	+0.199%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.380	−0.035%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.300	−0.120%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.410	−0.003%	$941	$3K	10x	as long as short
BloFin CRCL-USDT	+0.0100%	8h	94.520	+0.113%	$1.1M	$589K	20x	as long as short
Paradex CRCL-USD-PERP	+0.0102%	8h	94.642	+0.243%	$719	$428	5x	as long as short
Aevo CRCL-PERPlong	+0.0104%	1h	94.413	long leg	$4	—	10x
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.390	−0.024%	$939K	$743K	10x	as long as short
Nado CRCL-PERP	+0.0195%	1h	94.427	+0.015%	$126K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0228%	8h	94.510	+0.103%	$22.8M	$60.7M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.600	+0.198%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0272%	1h	94.451	+0.040%	$3.1M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0280%	1h	94.400	−0.014%	$4K	$771K	10x	as long as short
Bitget CRCLUSDTshort	+0.0335%	8h	94.480	+0.071%	$16.8M	$35.2M	25x
Injective CRCL/USDC PERP	+0.0440%	1h	94.830	+0.442%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.580	+0.177%	$97K	$272K	10x	as long as short
edgeX CRCLUSDC	+0.0931%	4h	94.439	+0.027%	$24K	$266K	10x	as long as short