Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Binance against Extended−0.002%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.002%, 7d avg +0.041%

Together, before fees+0.022%+ Points / potential airdropExtended: Active · farm board+$2 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: Binance is 0.043% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRCL_24_5-USD	91.701	0	get 0.0000% / 1h	42m 51s	$1.1M	$5.6M	10x
Short	Binance CRCLUSDT	91.699	0	get 0.0000% / 8h	4h 42m	$104.5M	$387.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → +0.041%: −$4.32
Slippage, 4 orders: −$8.96
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$28.28
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Binance: live order book, 16 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 Extended live order book, 1 min ago	0.38 bp	5.0 bp −$5	31.4 bp −$314	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.54 bp	6.5 bp −$7	11.5 bp −$115	33.3 bp −$3,331	134.1 bp −$67.1K

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	−0.0952%	8h	91.800	+0.108%	$16.2M	$34.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.610	−0.100%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.741	+0.043%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USDlong	0.0000%	1h	91.701	long leg	$1.1M	$5.6M	10x
Binance CRCLUSDTshort	0.0000%	8h	91.699	−0.002%	$104.5M	$387.8M	50x
Bybit CRCLUSDT	0.0000%	8h	91.720	+0.020%	$15.0M	$26.3M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.880	+0.195%	$420K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.750	+0.053%	$7.2M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.818	+0.127%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.820	+0.129%	$64K	$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	91.830	+0.140%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0013%	8h	91.760	+0.064%	$22.0M	$60.6M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.840	+0.151%	$906K	$491K	10x	as long as short
edgeX CRCLUSDC	+0.0021%	4h	91.784	+0.091%	$51K	$277K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.870	+0.184%	$1.3M	$2.0M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0029%	1h	91.830	+0.140%	$2K	$24K	5x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.743	+0.046%	$973K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.930	+0.249%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.657	−0.048%	$68.4M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.803	+0.111%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.779	+0.085%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.750	+0.053%	$992K	$5.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0087%	8h	91.885	+0.200%	$423	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.860	+0.173%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.720	+0.020%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.740	+0.042%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.780	+0.086%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.761	+0.066%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.880	+0.195%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.817	+0.126%	$27K	$83K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0186%	1h	91.750	+0.053%	$4K	$767K	10x	as long as short
Lighter CRCL	+0.0192%	1h	91.744	+0.047%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0299%	1h	91.844	+0.156%	$131K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.330	+0.686%	$5K	$19K	30x	as long as short