Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.020%

Price spread now: Paradex against Coinbase International+0.182%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Paradex is 0.182% dearer against Coinbase International than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CRCL-PERP-INTX	92.500	−0.0048	get 0.0006% / 1h	7m 16s	$865K	$744K	10x
Short	Paradex CRCL-USD-PERP	92.669	0.0076	get 0.0076% / 8h	5h 07m	$426	$477	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now +0.182%Rate

Funding earned: $26.1
Price spread: +0.182% → 0.000%: $18.22
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $30.32
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 39 min ago; Paradex: 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 Coinbase International live order book, 39 min ago	2.15 bp	7.2 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 exchanges

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-INTXlong	−0.0048%	1h	92.500	long leg	$865K	$744K	10x
Bybit CRCLUSDT	0.0000%	8h	92.720	+0.238%	$15.0M	$25.0M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.750	+0.270%	$18.5M	$33.3M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.680	+0.195%	$1.0M	$45K	10x	as long as short
Vest CRCL-USD-PERP	+0.0017%	1h	92.570	+0.076%	—	$30K	25x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.686	+0.201%	$1.0M	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	92.642	+0.153%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.645	+0.157%	$67.6M	$39.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.722	+0.240%	$318K	$982K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.695	+0.211%	$46K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.530	+0.032%	$999K	$3.7M	10x	as long as short
QFEX CRCL-USD	+0.0055%	1h	92.660	+0.173%	$1.3M	$1.6M	10x	as long as short
Gate CRCL_USDT	+0.0062%	8h	92.750	+0.270%	$7.5M	$25.7M	50x	as long as short
Injective CRCL/USDC PERP	+0.0072%	1h	92.090	−0.443%	$38K	$172K	30x	as long as short
Paradex CRCL-USD-PERPshort	+0.0076%	8h	92.669	+0.182%	$426	$477	5x
Pacifica CRCL	+0.0100%	1h	92.630	+0.141%	$139K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.680	+0.195%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.610	+0.119%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.670	+0.184%	$924	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.712	+0.229%	$4	—	10x	as long as short
Phoenix CRCL	+0.0197%	1h	92.624	+0.134%	$27K	$66K	10x	as long as short
Variational Omni CRCL	+0.0203%	8h	92.521	+0.023%	$2.5M	$3.2M	—	as long as short
Arcus CRCL-USD	+0.0214%	1h	92.630	+0.141%	$93K	$200K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0228%	8h	92.720	+0.238%	$22.8M	$56.6M	50x	as long as short
Binance CRCLUSDT	+0.0260%	8h	92.717	+0.235%	$106.7M	$348.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0264%	1h	92.683	+0.198%	$1.1M	$4.0M	10x	as long as short
Aster CRCLUSDT	+0.0274%	8h	92.671	+0.184%	$1.1M	$4.5M	20x	as long as short
Nado CRCL-PERP	+0.0280%	1h	92.634	+0.145%	$154K	$94K	3x	as long as short
Lighter CRCL	+0.0288%	1h	92.723	+0.241%	$3.0M	$2.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0290%	1h	92.690	+0.205%	$5K	$415K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0312%	8h	92.645	+0.157%	$59K	$987K	10x	as long as short
BloFin CRCL-USDT	+0.0382%	8h	92.750	+0.270%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0528%	1h	92.689	+0.204%	$416K	$225K	10x	as long as short
edgeX CRCLUSDC	+0.0760%	4h	92.591	+0.098%	$53K	$268K	10x	as long as short