Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0246%/8h= +26.9% APRpaid last 24h +0.068%

Price spread now: BloFin against Aevo−0.049%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.049% cheaper against Aevo than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo CRCL-PERP	91.065	0.0104	pay 0.0013% / 1h	32m 39s	$4	—	10x
Short	BloFin CRCL-USDT	91.020	0.0350	get 0.0350% / 8h	7h 32m	$1.1M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.049%Rate

Funding earned: $51.65
Price spread: −0.049% → 0.000%: −$4.91
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: $18.74
Costs to cover: 0.280%
Break-even: 4.5 days

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	1.10 bp	9.5 bp −$9	12.9 bp −$129	26.0 bp −$2,604	90.8 bp −$45.4K

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
Vest CRCL-USD-PERP	−0.0096%	1h	90.850	−0.236%	—	$31K	25x	as long as short
Bitget CRCLUSDT	−0.0059%	8h	91.050	−0.016%	$17.3M	$36.2M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.020	−0.049%	$15.0M	$26.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.060	−0.005%	$1.0M	$47K	10x	as long as short
Gate CRCL_USDT	+0.0004%	8h	91.090	+0.028%	$7.8M	$26.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.061	−0.004%	$980K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.100	+0.039%	$872K	$504K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.103	+0.042%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	90.950	−0.126%	$94K	$283K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	90.974	−0.100%	$67.0M	$44.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	90.972	−0.102%	$376K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.050	−0.016%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	90.990	−0.082%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.030	−0.038%	$1.3M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.000	−0.071%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.070	+0.006%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.120	+0.061%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.040	−0.027%	$908	$1K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0104%	8h	91.175	+0.121%	$71K	$1.1M	10x	as long as short
Aevo CRCL-PERPlong	+0.0104%	1h	91.065	long leg	$4	—	10x
Paradex CRCL-USD-PERP	+0.0130%	8h	91.002	−0.069%	$419	$766	5x	as long as short
Variational Omni CRCL	+0.0152%	8h	91.180	+0.127%	$2.4M	$3.3M	—	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0190%	1h	91.050	−0.016%	$5K	$769K	10x	as long as short
Aster CRCLUSDT	+0.0213%	8h	91.065	+0.001%	$1.0M	$5.0M	20x	as long as short
Lighter CRCL	+0.0224%	1h	91.072	+0.008%	$2.9M	$2.1M	10x	as long as short
Binance CRCLUSDT	+0.0228%	8h	91.019	−0.050%	$104.7M	$386.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0232%	1h	91.006	−0.064%	$1.1M	$5.1M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	91.098	+0.037%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0290%	8h	90.990	−0.082%	$22.3M	$61.3M	50x	as long as short
BloFin CRCL-USDTshort	+0.0350%	8h	91.020	−0.049%	$1.1M	$1.7M	20x
Nado CRCL-PERP	+0.0372%	1h	90.964	−0.111%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+1.214%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.030	−0.038%	$411K	$257K	10x	as long as short
edgeX CRCLUSDC	+0.0936%	4h	91.171	+0.116%	$52K	$270K	10x	as long as short