Settings8H · net · $10k
Funding arb · Price arb /

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0054%/8h= −5.9% APRnext payment $0.07 per $10,000 · paid last 24h −0.016%
Price spread now: Polymarket Perps against Aevo−0.022%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.022% cheaper against Aevo than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo CRCL-PERP91.6550.0104pay 0.0013% / 1h50m 59s$410x
ShortPolymarket Perps CRCL-USD91.6350.0050get 0.0006% / 1h50m 59s$384K$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
−$11.34
Price spread: −0.022% → 0.000%
−$2.22
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$37.56
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Polymarket Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Polymarket Perps live order book, 2 min ago0.05 bp4.1 bp −$44.1 bp −$417.3 bp −$726doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CRCLUSDT−0.0747%8h91.720+0.071%$16.7M$36.1M25xas long as short
Vest CRCL-USD-PERP−0.0068%1h91.370−0.311%$31K25xas long as short
Bybit CRCLUSDT0.0000%8h91.670+0.016%$14.7M$26.7M50xas long as short
Gate CRCL_USDT0.0000%8h91.700+0.049%$7.4M$27.0M50xas long as short
Variational Omni CRCL0.0000%8h91.669+0.015%$2.4M$3.2Mas long as short
Phemex CRCLUSDT0.0000%4h91.640−0.017%$1.0M$48K10xas long as short
Aster CRCLUSDT+0.0024%8h91.696+0.045%$1.0M$5.1M20xas long as short
Lighter RH CRCL+0.0032%1h91.691+0.039%$974K$2.9M10xas long as short
Extended CRCL_24_5-USD+0.0032%1h91.638−0.018%$1.1M$5.6M10xas long as short
Binance CRCLUSDT+0.0034%8h91.661+0.007%$104.5M$393.5M50xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus CRCL-USD+0.0040%1h91.590−0.071%$93K$291K10xas long as short
Aftermath Perps CRCLUSD+0.0042%1h91.609−0.050%$2K$26K5xas long as short
Polymarket Perps CRCL-USDshort+0.0050%1h91.635−0.022%$384K$1.2M10x
SoDEX CRCL-USD+0.0050%1h91.648−0.008%$46K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h91.600−0.060%$1.0M$5.1M10xas long as short
edgeX CRCLUSDC+0.0053%4h91.553−0.111%$51K$276K10xas long as short
QFEX CRCL-USD+0.0054%1h91.610−0.049%$1.3M$1.8M10xas long as short
tradeXYZ xyz:CRCL+0.0059%1h91.619−0.040%$68.0M$42.6M10xas long as short
Coinbase International CRCL-PERP-INTX+0.0072%1h91.400−0.279%$911K$521K10xas long as short
Paradex CRCL-USD-PERP+0.0095%8h91.631−0.027%$422$9055xas long as short
Pacifica CRCL+0.0100%1h91.635−0.022%$134K$162K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.640−0.017%$2.7M$1.8M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h91.520−0.148%$67K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.670+0.016%$914$2K10xas long as short
GRVT CRCL_USDT_Perp+0.0104%8h91.609−0.050%$62K$1.1M10xas long as short
Aevo CRCL-PERPlong+0.0104%1h91.655long leg$410x
OKX CRCL-USDT-SWAP+0.0114%8h91.690+0.038%$22.3M$61.9M50xas long as short
RISEx CRCL/USDC+0.0117%1h91.665+0.010%$417K$299K10xas long as short
BloFin CRCL-USDT+0.0138%8h91.700+0.049%$1.1M$1.6M20xas long as short
Phoenix CRCL+0.0210%1h91.482−0.189%$27K$82K10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0296%1h91.650−0.006%$4K$768K10xas long as short
Lighter CRCL+0.0376%1h91.678+0.025%$3.0M$2.4M10xas long as short
Nado CRCL-PERP+0.0382%1h91.605−0.055%$133K$108K3xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.050+0.431%$5K$19K30xas long as short