Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h +0.003%

Price spread now: Pacifica against Binance−0.123%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.123% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	94.749	0.0248	pay 0.0248% / 8h	7h 58m	$109.6M	$390.6M	50x
Short	Pacifica CRCL	94.632	0.0100	get 0.0013% / 1h	58m 03s	$76K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.123%Rate

Funding earned: −$30.99
Price spread: −0.123% → 0.000%: −$12.33
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$61.32
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 16 min ago; Pacifica: 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, 16 min ago	0.53 bp	7.3 bp −$7	11.6 bp −$116	35.2 bp −$3,517	167.3 bp −$83.7K
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.400	−0.368%	$939K	$722K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.750	+0.001%	$7.3M	$26.8M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.680	−0.073%	$1.0M	$52K	10x	as long as short
Bybit CRCLUSDT	+0.0006%	8h	94.750	+0.001%	$15.6M	$25.9M	50x	as long as short
Nado CRCL-PERP	+0.0024%	1h	94.598	−0.159%	$133K	$76K	3x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.744	−0.005%	$894K	$2.8M	10x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.690	−0.062%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.680	−0.073%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0047%	1h	94.640	−0.115%	$2K	$21K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.682	−0.071%	$367K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0050%	1h	94.736	−0.014%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.600	−0.157%	$1.1M	$5.9M	10x	as long as short
Pacifica CRCLshort	+0.0100%	1h	94.632	−0.123%	$76K	$99K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	94.720	−0.031%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.610	−0.147%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.720	−0.031%	$944	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.712	−0.039%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0116%	8h	94.683	−0.070%	$776	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0151%	1h	94.682	−0.071%	$71.8M	$43.7M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0172%	8h	94.770	+0.022%	$22.9M	$60.9M	50x	as long as short
Variational Omni CRCL	+0.0187%	8h	94.692	−0.060%	$2.5M	$3.1M	—	as long as short
Binance CRCLUSDTlong	+0.0248%	8h	94.749	long leg	$109.6M	$390.6M	50x
Extended CRCL_24_5-USD	+0.0248%	1h	94.688	−0.064%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0249%	8h	94.677	−0.076%	$1.1M	$4.9M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0252%	8h	94.725	−0.025%	$55K	$1.1M	10x	as long as short
Phoenix CRCL	+0.0288%	1h	94.679	−0.074%	$28K	$92K	10x	as long as short
Bitget CRCLUSDT	+0.0297%	8h	94.720	−0.031%	$17.0M	$35.3M	25x	as long as short
BloFin CRCL-USDT	+0.0368%	8h	94.700	−0.052%	$1.1M	$595K	20x	as long as short
edgeX CRCLUSDC	+0.0426%	4h	94.695	−0.057%	$24K	$269K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.170	+0.444%	$5K	$19K	30x	as long as short
Lighter CRCL	+0.0520%	1h	94.749	0.000%	$3.1M	$2.2M	10x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.680	−0.073%	$97K	$276K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.722	−0.028%	$432K	$303K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0913%	1h	94.700	−0.052%	$4K	$772K	10x	as long as short