Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0314%/8h= +34.4% APRpaid last 24h +0.117%

Price spread now: edgeX against Binance+0.290%110s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs+$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.366% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.688%+$69 on $10k

Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.290%, 7d avg +0.008%

Together, before fees+0.461%+ Points / potential airdropedgeX: Active · farm board+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and edgeX is 0.282% dearer against Binance than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.008%. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	91.174	0.0024	pay 0.0024% / 8h	2h 31m	$103.7M	$394.9M	50x
Short	edgeX CRCLUSDC	91.438	0.0338	get 0.0169% / 4h	2h 31m	$52K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.290%Rate

Funding earned: $65.92
Price spread: +0.290% → +0.008%: $28.16
Slippage, 4 orders: −$17.58
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $57.5
Costs to cover: 0.366%
Break-even: 0.9 days

Slippage from Binance: live order book, 12 min ago; edgeX: live order book, 16 min ago.

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, 12 min ago	0.55 bp	6.7 bp −$7	10.6 bp −$106	35.8 bp −$3,580	doesn't fit
Sell edgeX live order book, 16 min ago	6.01 bp	11.6 bp −$12	23.6 bp −$236	doesn't fit	doesn't fit

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	−0.0880%	8h	91.240	+0.073%	$16.7M	$36.3M	25x	as long as short
Vest CRCL-USD-PERP	−0.0070%	1h	90.910	−0.289%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.160	−0.015%	$14.5M	$26.9M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.200	+0.029%	$7.6M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.361	+0.205%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.190	+0.018%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0011%	8h	91.175	+0.002%	$1.0M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.145	−0.031%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDTlong	+0.0024%	8h	91.174	long leg	$103.7M	$394.9M	50x
Lighter RH CRCL	+0.0032%	1h	91.195	+0.023%	$971K	$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
Arcus CRCL-USD	+0.0040%	1h	91.210	+0.040%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	91.242	+0.075%	$2K	$26K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.185	+0.012%	$382K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.162	−0.013%	$46K	$3K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.102	−0.079%	$68.1M	$43.3M	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	+0.040%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.220	+0.051%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.180	+0.007%	$913K	$529K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0079%	1h	91.180	+0.007%	$4K	$768K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0089%	8h	91.147	−0.029%	$419	$905	5x	as long as short
BloFin CRCL-USDT	+0.0098%	8h	91.150	−0.026%	$1.1M	$1.6M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	91.162	−0.013%	$133K	$162K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.170	−0.004%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.360	+0.204%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.180	+0.007%	$909	$2K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0104%	8h	91.328	+0.170%	$62K	$1.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.165	−0.010%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0111%	8h	91.180	+0.007%	$22.1M	$61.9M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.175	+0.002%	$415K	$294K	10x	as long as short
Phoenix CRCL	+0.0210%	1h	91.130	−0.048%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0224%	1h	91.189	+0.017%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0305%	1h	91.185	+0.012%	$133K	$108K	3x	as long as short
edgeX CRCLUSDCshort	+0.0338%	4h	91.438	+0.290%	$52K	$278K	10x
Injective CRCL/USDC PERP	+0.0440%	1h	92.040	+0.950%	$5K	$19K	30x	as long as short