Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0048%/8h= +5.2% APRpaid last 24h −0.020%

Price spread now: Aevo against Binance+0.150%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Aevo

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 +$1 a day on $10k at the current rate, and Aevo is 0.150% dearer against Binance than usual: you sell high and buy low: +$15 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	Binance CRCLUSDT	91.840	0.0056	pay 0.0056% / 8h	6h 21m	$104.8M	$393.3M	50x
Short	Aevo CRCL-PERP	91.977	0.0104	get 0.0013% / 1h	21m 47s	$4	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now +0.150%Rate

Funding earned: $10.07
Price spread: +0.150% → 0.000%: $14.98
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$0.95
Costs to cover: 0.260%
Break-even: 7.7 days

Slippage unknown: Binance: live order book, 7 min ago; Aevo: no order-book sample. 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 Binance live order book, 7 min ago	0.54 bp	5.9 bp −$6	8.7 bp −$87	30.7 bp −$3,073	188.0 bp −$94.0K
Sell Aevo no order-book sample	—	—	—	—	—

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 33 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	−0.0683%	8h	91.950	+0.120%	$16.0M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0029%	1h	91.760	−0.087%	—	$40K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.950	+0.120%	$915K	$583K	10x	as long as short
Gate CRCL_USDT	−0.0004%	8h	91.920	+0.087%	$7.1M	$26.7M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.880	+0.044%	$15.0M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.996	+0.171%	$420K	$299K	10x	as long as short
Variational Omni CRCL	0.0000%	8h	92.310	+0.512%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.096	+0.279%	$71K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.990	+0.164%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0025%	1h	92.016	+0.192%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	91.895	+0.060%	$977K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.990	+0.164%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.810	−0.032%	$69.0M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.955	+0.125%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.935	+0.104%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.810	−0.032%	$1.0M	$5.5M	10x	as long as short
Extended CRCL_24_5-USD	+0.0056%	1h	91.829	−0.012%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDTlong	+0.0056%	8h	91.840	long leg	$104.8M	$393.3M	50x
QFEX CRCL-USD	+0.0057%	1h	91.980	+0.153%	$1.3M	$2.3M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0061%	8h	91.880	+0.044%	$21.7M	$60.2M	50x	as long as short
Aster CRCLUSDT	+0.0063%	8h	91.841	+0.001%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0075%	8h	91.845	+0.006%	$753	$740	5x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0076%	1h	91.990	+0.164%	$4K	$769K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.864	+0.026%	$129K	$153K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.900	+0.066%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.120	+0.305%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.990	+0.164%	$917	$3K	10x	as long as short
Aevo CRCL-PERPshort	+0.0104%	1h	91.977	+0.150%	$4	—	10x
Nado CRCL-PERP	+0.0157%	1h	91.974	+0.147%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0208%	1h	91.890	+0.055%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	92.115	+0.300%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.500	+0.719%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0566%	4h	92.183	+0.374%	$23K	$267K	10x	as long as short