Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0231%/8h= −25.3% APRpaid last 24h +0.005%

Price spread now: Aevo against Bitget+0.069%52s7-day average — · you sell dearer than you buy

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

Long on Bitget 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

The price spread pays, funding is against you. Aevo is 0.069% dearer against Bitget than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 24 hours. The two prices were read 52 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	Bitget CRCLUSDT	94.480	0.0335	pay 0.0335% / 8h	2h 23m	$16.8M	$35.2M	25x
Short	Aevo CRCL-PERP	94.545	0.0104	get 0.0013% / 1h	23m 33s	$4	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now +0.069%Rate

Funding earned: −$48.51
Price spread: +0.069% → 0.000%: $6.93
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$69.58
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	2.12 bp	12.1 bp −$12	17.5 bp −$175	37.8 bp −$3,776	doesn't fit
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 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
Extended CRCL_24_5-USD	0.0000%	1h	94.547	+0.071%	$1.1M	$3.8M	10x	as long as short
RISEx CRCL/USDC	0.0000%	1h	94.560	+0.085%	$431K	$310K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.580	+0.106%	$7.2M	$27.8M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	94.532	+0.055%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.450	−0.032%	$50K	$1.2M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.480	0.000%	$1.0M	$50K	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	94.560	+0.085%	$108.6M	$389.3M	50x	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.540	+0.064%	$1.4M	$2.7M	10x	as long as short
Bybit CRCLUSDT	+0.0023%	8h	94.560	+0.085%	$15.5M	$25.9M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.607	+0.134%	$882K	$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
Aster CRCLUSDT	+0.0042%	8h	94.471	−0.010%	$1.1M	$4.8M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.437	−0.046%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.460	−0.021%	—	$45K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.373	−0.113%	$70.9M	$42.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.446	−0.036%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.574	+0.099%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.480	0.000%	$1.1M	$5.9M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.601	+0.128%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.520	+0.042%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.300	−0.191%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.520	+0.042%	$942	$3K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0102%	8h	94.642	+0.171%	$719	$428	5x	as long as short
Aevo CRCL-PERPshort	+0.0104%	1h	94.545	+0.069%	$4	—	10x
BloFin CRCL-USDT	+0.0120%	8h	94.530	+0.053%	$1.1M	$589K	20x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.390	−0.095%	$939K	$743K	10x	as long as short
Nado CRCL-PERP	+0.0195%	1h	94.427	−0.056%	$126K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0225%	8h	94.560	+0.085%	$22.8M	$60.8M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.600	+0.127%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0256%	1h	94.602	+0.129%	$3.1M	$2.4M	10x	as long as short
Bitget CRCLUSDTlong	+0.0335%	8h	94.480	long leg	$16.8M	$35.2M	25x
Injective CRCL/USDC PERP	+0.0440%	1h	94.830	+0.370%	$5K	$20K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0490%	1h	94.700	+0.233%	$4K	$771K	10x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.580	+0.106%	$97K	$272K	10x	as long as short
edgeX CRCLUSDC	+0.0931%	4h	94.439	−0.044%	$24K	$266K	10x	as long as short