Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0120%/8h= +13.2% APRpaid last 24h 0.000%

Price spread now: BloFin against Extended+0.030%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.198%+$20 on $10k

Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.030%, 7d avg +0.034%

Together, before fees+0.117%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRCL_24_5-USD	94.432	0.0064	pay 0.0008% / 1h	1m 11s	$1.1M	$3.8M	10x
Short	BloFin CRCL-USDT	94.460	0.0184	get 0.0184% / 8h	2h 01m	$1.1M	$588K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.030%Rate

Funding earned: $25.28
Price spread: +0.030% → +0.034%: −$0.48
Slippage, 4 orders: −$12.38
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$4.59
Costs to cover: 0.294%
Break-even: 8.3 days

Slippage from Extended: live order book, 3 min ago; BloFin: 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 Extended live order book, 3 min ago	0.32 bp	5.2 bp −$5	62.1 bp −$621	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	1.06 bp	11.7 bp −$12	20.6 bp −$206	61.0 bp −$6,102	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
RISEx CRCL/USDC	0.0000%	1h	94.472	+0.042%	$431K	$310K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.460	+0.030%	$7.2M	$27.8M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.417	−0.016%	$50K	$1.2M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.420	−0.013%	$1.0M	$50K	10x	as long as short
Variational Omni CRCL	+0.0011%	8h	94.421	−0.012%	$2.5M	$3.2M	—	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.450	+0.019%	$1.4M	$2.7M	10x	as long as short
Bybit CRCLUSDT	+0.0027%	8h	94.500	+0.072%	$15.5M	$25.9M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.477	+0.048%	$881K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.468	+0.038%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.400	−0.034%	—	$45K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	94.428	−0.004%	$70.8M	$42.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.419	−0.014%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.434	+0.002%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.350	−0.087%	$1.1M	$5.9M	10x	as long as short
Extended CRCL_24_5-USDlong	+0.0064%	1h	94.432	long leg	$1.1M	$3.8M	10x
Binance CRCLUSDT	+0.0064%	8h	94.441	+0.009%	$108.4M	$389.3M	50x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0068%	1h	94.460	+0.030%	$4K	$771K	10x	as long as short
Aster CRCLUSDT	+0.0099%	8h	94.433	+0.001%	$1.1M	$4.8M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	94.430	−0.002%	$76K	$100K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.430	−0.002%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.350	−0.087%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.410	−0.023%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.459	+0.028%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0135%	8h	94.482	+0.052%	$775	$740	5x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.390	−0.045%	$939K	$743K	10x	as long as short
BloFin CRCL-USDTshort	+0.0184%	8h	94.460	+0.030%	$1.1M	$588K	20x
Nado CRCL-PERP	+0.0193%	1h	94.429	−0.004%	$127K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0204%	8h	94.440	+0.008%	$22.8M	$60.6M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.456	+0.025%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0288%	1h	94.492	+0.063%	$3.1M	$2.4M	10x	as long as short
Bitget CRCLUSDT	+0.0318%	8h	94.450	+0.019%	$16.7M	$35.2M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.920	+0.517%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.440	+0.008%	$97K	$274K	10x	as long as short
edgeX CRCLUSDC	+0.0714%	4h	94.432	−0.001%	$24K	$268K	10x	as long as short