Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.024%

Price spread now: tradeXYZ against Binance−0.074%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.074%, 7d avg −0.060%

Together, before fees−0.082%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	91.290	0.0221	pay 0.0221% / 8h	2m 24s	$104.9M	$389.2M	50x
Short	tradeXYZ xyz:CRCL	91.222	0.0093	get 0.0012% / 1h	2m 24s	$67.3M	$44.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$26.81
Price spread: −0.074% → −0.060%: −$1.48
Slippage, 4 orders: −$6.33
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$62.61
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; tradeXYZ: live order book, 7 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, 11 min ago	0.55 bp	6.8 bp −$7	11.3 bp −$113	30.9 bp −$3,088	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.49 bp	10.2 bp −$10	doesn't fit	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	−0.0335%	8h	91.380	+0.099%	$17.4M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	91.020	−0.296%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.320	+0.033%	$7.8M	$28.0M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.300	+0.011%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.336	+0.050%	$984K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.255	−0.039%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.260	−0.033%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.280	−0.011%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	−0.088%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0066%	8h	91.290	0.000%	$14.8M	$26.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.340	+0.055%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.241%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCLshort	+0.0093%	1h	91.222	−0.074%	$67.3M	$44.3M	10x
Pacifica CRCL	+0.0100%	1h	91.333	+0.047%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.280	−0.011%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.170	−0.131%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.290	0.000%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.296	+0.007%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0132%	8h	91.253	−0.041%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0156%	1h	91.304	+0.015%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0163%	8h	91.298	+0.009%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0205%	8h	91.329	+0.043%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0216%	1h	91.315	+0.028%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDTlong	+0.0221%	8h	91.290	long leg	$104.9M	$389.2M	50x
Phoenix CRCL	+0.0227%	1h	91.260	−0.033%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	91.227	−0.069%	$70K	$1.1M	10x	as long as short
Lighter CRCL	+0.0264%	1h	91.332	+0.046%	$2.9M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0293%	8h	91.310	+0.022%	$22.3M	$61.7M	50x	as long as short
BloFin CRCL-USDT	+0.0337%	8h	91.330	+0.044%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.750	+0.504%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0442%	1h	91.222	−0.075%	$134K	$109K	3x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.330	+0.044%	$412K	$260K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.300	+0.011%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0907%	4h	91.195	−0.104%	$52K	$270K	10x	as long as short