Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.028%

Price spread now: Gate against Bybit+0.088%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.088%, 7d avg +0.004%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.083% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRCLUSDT	91.320	0	get 0.0000% / 8h	7h 52m	$14.9M	$26.5M	50x
Short	Gate CRCL_USDT	91.400	0	get 0.0000% / 8h	7h 52m	$7.8M	$26.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → +0.004%: $8.31
Slippage, 4 orders: −$23.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.57
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 1 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 Bybit live order book, 1 min ago	1.09 bp	10.7 bp −$11	19.2 bp −$192	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.73 bp	12.8 bp −$13	23.2 bp −$232	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	−0.0257%	8h	91.320	0.000%	$17.3M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0089%	1h	91.070	−0.274%	—	$31K	25x	as long as short
Bybit CRCLUSDTlong	0.0000%	8h	91.320	long leg	$14.9M	$26.5M	50x
Gate CRCL_USDTshort	0.0000%	8h	91.400	+0.088%	$7.8M	$26.2M	50x
Phemex CRCLUSDT	0.0000%	4h	91.250	−0.077%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.271	−0.054%	$983K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.270	−0.055%	$873K	$502K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	91.304	−0.018%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.280	−0.044%	$95K	$288K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.260	−0.066%	$67.3M	$44.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	91.268	−0.057%	$377K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.240	−0.088%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.430	+0.120%	$1.1M	$4.8M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.360	+0.044%	$1.3M	$1.7M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0073%	8h	91.347	+0.030%	$70K	$1.1M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.329	+0.010%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.330	+0.011%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.260	−0.066%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.300	−0.022%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.267	−0.058%	$4	—	10x	as long as short
edgeX CRCLUSDC	+0.0126%	4h	91.321	+0.001%	$52K	$269K	10x	as long as short
Variational Omni CRCL	+0.0147%	8h	91.470	+0.164%	$2.4M	$3.3M	—	as long as short
Paradex CRCL-USD-PERP	+0.0148%	8h	91.303	−0.019%	$420	$905	5x	as long as short
Lighter CRCL	+0.0160%	1h	91.246	−0.081%	$2.9M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0207%	8h	91.252	−0.075%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0224%	1h	91.267	−0.058%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0224%	8h	91.316	−0.005%	$104.9M	$388.4M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	91.239	−0.089%	$27K	$66K	10x	as long as short
Nado CRCL-PERP	+0.0282%	1h	91.328	+0.009%	$134K	$109K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0292%	8h	91.320	0.000%	$22.3M	$61.6M	50x	as long as short
BloFin CRCL-USDT	+0.0342%	8h	91.420	+0.110%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.537%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.396	+0.083%	$413K	$259K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0517%	1h	91.280	−0.044%	$5K	$769K	10x	as long as short