Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Extended−0.104%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1031.032% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.104%, 7d avg +0.050%

Together, before fees+0.110%+ Points / potential airdropExtended: Active · farm board+$11 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: KuCoin is 0.153% cheaper against Extended than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRCL_24_5-USD	91.675	0.0104	pay 0.0013% / 1h	22m 47s	$1.0M	$5.0M	10x
Short	KuCoin CRCLUSDTM	91.580	0.0100	get 0.0100% / 8h	1h 22m	$2.7M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$0.84
Price spread: −0.104% → +0.050%: −$15.32
Slippage, 4 orders: −$86.17
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$119.34
Costs to cover: 1.032%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; KuCoin: live order book, 4 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	0.49 bp	5.1 bp −$5	23.5 bp −$235	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.64 bp	34.9 bp −$35	doesn't fit	doesn't fit	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
Bitget CRCLUSDT	−0.0645%	8h	91.770	+0.104%	$17.5M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	91.390	−0.311%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.690	+0.016%	$14.7M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.750	+0.082%	$7.8M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.640	−0.038%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0003%	8h	91.579	−0.105%	$2.4M	$3.2M	—	as long as short
Lighter RH CRCL	+0.0032%	1h	91.677	+0.002%	$979K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.482	−0.211%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.550	−0.136%	$95K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.683	+0.009%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.630	−0.049%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.560	−0.125%	$891K	$615K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.630	−0.049%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0080%	1h	91.603	−0.078%	$67.8M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0094%	8h	91.674	−0.001%	$1.0M	$5.1M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	91.660	−0.016%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.580	−0.104%	$2.7M	$1.8M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.430	−0.267%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.630	−0.049%	$914	$2K	10x	as long as short
Extended CRCL_24_5-USDlong	+0.0104%	1h	91.675	long leg	$1.0M	$5.0M	10x
Aevo CRCL-PERP	+0.0104%	1h	91.669	−0.006%	$4	—	10x	as long as short
Binance CRCLUSDT	+0.0108%	8h	91.699	+0.027%	$104.7M	$397.7M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0128%	1h	91.662	−0.014%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0155%	8h	91.666	−0.009%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0185%	8h	91.500	−0.191%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0205%	8h	91.710	+0.038%	$22.3M	$62.8M	50x	as long as short
BloFin CRCL-USDT	+0.0228%	8h	91.700	+0.027%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.587	−0.096%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0264%	1h	91.674	−0.001%	$2.9M	$2.4M	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.660	−0.016%	$417K	$268K	10x	as long as short
edgeX CRCLUSDC	+0.0376%	4h	91.464	−0.230%	$52K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0396%	1h	91.603	−0.079%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.100	+0.464%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0514%	1h	91.650	−0.027%	$5K	$769K	10x	as long as short