Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0135%/8h= +14.7% APRpaid last 24h −0.019%

Price spread now: Injective against edgeX+0.413%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

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

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 0.413% dearer against edgeX than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.071%, 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	92.149	0.0305	pay 0.0153% / 4h	1h 12m	$23K	$249K	10x
Short	Injective CRCL/USDC PERP	92.530	0.0440	get 0.0055% / 1h	12m 08s	$5K	$19K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.413%Rate

Funding earned: $28.27
Price spread: +0.413% → 0.000%: $41.34
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $60.59
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 50 min ago; Injective: 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 edgeX live order book, 50 min ago	5.98 bp	11.6 bp −$12	23.7 bp −$237	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 CRCLUSDT	−0.1131%	8h	92.130	−0.021%	$16.0M	$34.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0077%	1h	91.880	−0.292%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	92.090	−0.064%	$909K	$501K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.110	−0.042%	$15.2M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.070	−0.086%	$420K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.130	−0.021%	$7.2M	$26.9M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.177	+0.030%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.175	+0.028%	$65K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.120	−0.032%	$1.0M	$49K	10x	as long as short
Binance CRCLUSDT	+0.0004%	8h	92.084	−0.070%	$105.2M	$386.1M	50x	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	+0.0008%	1h	92.067	−0.089%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0011%	8h	92.067	−0.089%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0013%	8h	92.110	−0.042%	$21.6M	$59.7M	50x	as long as short
BloFin CRCL-USDT	+0.0017%	8h	92.020	−0.140%	$1.1M	$1.3M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	92.011	−0.150%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	92.030	−0.129%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.118	−0.034%	$977K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.030	−0.129%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.078	−0.077%	$68.6M	$41.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.066	−0.090%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.072	−0.084%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.040	−0.118%	$1.0M	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0086%	8h	92.072	−0.084%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.062	−0.095%	$133K	$156K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.080	−0.075%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.030	−0.129%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.070	−0.086%	$918	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.074	−0.082%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	92.192	+0.047%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0226%	1h	91.994	−0.168%	$131K	$104K	3x	as long as short
Lighter CRCL	+0.0240%	1h	92.112	−0.040%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDClong	+0.0305%	4h	92.149	long leg	$23K	$249K	10x
Deribit CRCL_USDC-PERPETUAL	+0.0402%	1h	92.120	−0.032%	$4K	$767K	10x	as long as short
Injective CRCL/USDC PERPshort	+0.0440%	1h	92.530	+0.413%	$5K	$19K	30x