Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0939%/8h= +102.9% APRpaid last 24h −0.039%

Price spread now: Vest against Bitget−0.305%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Vest is 0.305% cheaper against Bitget than usual: you would sell low and buy high (spread −0.305% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 26 hours of funding at the current rate (+$28 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRCLUSDT	91.880	−0.1007	get 0.1007% / 8h	4h 21m	$16.4M	$35.0M	25x
Short	Vest CRCL-USD-PERP	91.600	−0.0068	pay 0.0008% / 1h	21m 24s	—	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.305%Rate

Funding earned: $197.26
Price spread: −0.305% → 0.000%: −$30.47
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: $152.78
Costs to cover: 0.140%
Break-even: 1.6 days

Slippage unknown: Bitget: live order book, 3 min ago; Vest: 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, 3 min ago	1.09 bp	9.6 bp −$10	15.7 bp −$157	40.6 bp −$4,056	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Bitget CRCLUSDTlong	−0.1007%	8h	91.880	long leg	$16.4M	$35.0M	25x
Vest CRCL-USD-PERPshort	−0.0068%	1h	91.600	−0.305%	—	$31K	25x
Aster CRCLUSDT	0.0000%	8h	91.816	−0.070%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.798	−0.089%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.820	−0.065%	$104.5M	$389.5M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.850	−0.033%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.808	−0.079%	$417K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.910	+0.033%	$7.2M	$27.2M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.818	−0.067%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.950	+0.076%	$65K	$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
Phemex CRCLUSDT	0.0000%	4h	91.890	+0.011%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.790	−0.098%	$906K	$490K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0023%	8h	91.860	−0.022%	$22.1M	$61.1M	50x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.840	−0.044%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.808	−0.078%	$973K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0033%	1h	91.815	−0.071%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.800	−0.087%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.784	−0.104%	$68.4M	$41.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.824	−0.061%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.820	−0.065%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.820	−0.065%	$1.0M	$5.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0094%	8h	91.782	−0.107%	$422	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.800	−0.087%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.810	−0.076%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.730	−0.163%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.780	−0.109%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.809	−0.077%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.910	+0.033%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.832	−0.052%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0176%	1h	91.810	−0.076%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0295%	1h	91.714	−0.181%	$130K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.400	+0.566%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0735%	4h	91.815	−0.070%	$51K	$276K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0950%	1h	91.810	−0.076%	$4K	$767K	10x	as long as short