Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.153%

Price spread now: Binance against edgeX−0.146%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.716%−$72 on $10k

Price spread, last 2 days (all we have)+0.195%+$19 · spread now −0.146%, 7d avg +0.024%

Together, before fees−0.522%+ Points / potential airdropedgeX: Active · farm board−$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.171% cheaper against edgeX than usual: you would sell low and buy high (spread −0.146% now, against its 7-day average of +0.024%). If the spread goes back, that is −$17 on $10k: about 57 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.716%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CRCLUSDC	94.519	0.0031	pay 0.0016% / 4h	2h 11m	$24K	$268K	10x
Short	Binance CRCLUSDT	94.380	0.0041	get 0.0041% / 8h	2h 11m	$108.4M	$389.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.146%Rate

Funding earned: $2.1
Price spread: −0.146% → +0.024%: −$17.08
Slippage, 4 orders: −$37.85
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.83
Costs to cover: 0.568%
Break-even: 246.9 days

Slippage from edgeX: live order book, 12 min ago; Binance: live order book, 3 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 edgeX live order book, 12 min ago	10.05 bp	15.4 bp −$15	27.0 bp −$270	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.53 bp	7.8 bp −$8	14.2 bp −$142	43.0 bp −$4,297	182.9 bp −$91.5K

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
RISEx CRCL/USDC	0.0000%	1h	94.485	−0.035%	$431K	$310K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.460	−0.062%	$7.2M	$27.8M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	94.541	+0.023%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.480	−0.041%	$50K	$1.2M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	0.0000%	1h	94.290	−0.242%	$4K	$771K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.520	+0.001%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.450	−0.073%	$1.4M	$2.7M	10x	as long as short
Bybit CRCLUSDT	+0.0021%	8h	94.320	−0.210%	$15.5M	$25.9M	50x	as long as short
edgeX CRCLUSDClong	+0.0031%	4h	94.519	long leg	$24K	$268K	10x
Lighter RH CRCL	+0.0032%	1h	94.314	−0.217%	$880K	$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
Extended CRCL_24_5-USD	+0.0040%	1h	94.395	−0.131%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDTshort	+0.0041%	8h	94.380	−0.146%	$108.4M	$389.3M	50x
Aftermath Perps CRCLUSD	+0.0043%	1h	94.468	−0.054%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.430	−0.094%	—	$45K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.243	−0.292%	$70.8M	$42.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.473	−0.048%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.468	−0.054%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.400	−0.126%	$1.1M	$5.9M	10x	as long as short
Aster CRCLUSDT	+0.0081%	8h	94.380	−0.146%	$1.1M	$4.8M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	94.501	−0.019%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.360	−0.168%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.350	−0.179%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.440	−0.083%	$942	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.333	−0.196%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0131%	8h	94.481	−0.040%	$435	$570	5x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.390	−0.136%	$939K	$743K	10x	as long as short
BloFin CRCL-USDT	+0.0161%	8h	94.450	−0.073%	$1.1M	$588K	20x	as long as short
Nado CRCL-PERP	+0.0194%	1h	94.520	+0.001%	$127K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0215%	8h	94.470	−0.052%	$22.8M	$60.7M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.507	−0.012%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0272%	1h	94.336	−0.193%	$3.1M	$2.4M	10x	as long as short
Bitget CRCLUSDT	+0.0325%	8h	94.380	−0.147%	$16.7M	$35.2M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.830	+0.329%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.500	−0.020%	$97K	$274K	10x	as long as short