Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0086%/8h= −9.5% APRpaid last 24h −0.030%

Price spread now: Paradex against Extended+0.039%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Paradex is 0.039% dearer against Extended than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRCL_24_5-USD	94.478	0.0192	pay 0.0024% / 1h	26m 11s	$1.1M	$5.9M	10x
Short	Paradex CRCL-USD-PERP	94.515	0.0106	get 0.0106% / 8h	7h 26m	$775	$740	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$18.15
Price spread: +0.039% → 0.000%: $3.93
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$23.23
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 3 min ago; Paradex: 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 Extended live order book, 3 min ago	0.58 bp	5.2 bp −$5	32.7 bp −$327	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.210	−0.283%	$942K	$622K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.500	+0.024%	$7.3M	$27.0M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.462	−0.016%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.480	+0.002%	$1.0M	$49K	10x	as long as short
Bybit CRCLUSDT	+0.0009%	8h	94.530	+0.055%	$15.5M	$25.6M	50x	as long as short
Bitget CRCLUSDT	+0.0029%	8h	94.520	+0.045%	$17.0M	$34.6M	25x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.498	+0.021%	$890K	$2.8M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.386	−0.097%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.490	+0.013%	$1.4M	$2.6M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.370	−0.114%	—	$37K	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	94.429	−0.052%	$71.8M	$42.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.464	−0.015%	$366K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.499	+0.022%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.390	−0.093%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.460	−0.019%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.470	−0.008%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.360	−0.125%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.480	+0.002%	$942	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.507	+0.031%	$4	—	10x	as long as short
Paradex CRCL-USD-PERPshort	+0.0106%	8h	94.515	+0.039%	$775	$740	5x
Variational Omni CRCL	+0.0117%	8h	94.489	+0.012%	$2.5M	$3.1M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0150%	8h	94.520	+0.045%	$22.8M	$59.5M	50x	as long as short
Binance CRCLUSDT	+0.0189%	8h	94.519	+0.043%	$109.5M	$386.0M	50x	as long as short
Extended CRCL_24_5-USDlong	+0.0192%	1h	94.478	long leg	$1.1M	$5.9M	10x
Aster CRCLUSDT	+0.0196%	8h	94.460	−0.019%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0231%	1h	94.411	−0.071%	$132K	$76K	3x	as long as short
Phoenix CRCL	+0.0296%	1h	94.429	−0.052%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0304%	1h	94.513	+0.037%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0311%	8h	94.510	+0.034%	$1.1M	$561K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.890	+0.436%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.400	−0.082%	$96K	$273K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0597%	1h	94.480	+0.002%	$4K	$769K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.497	+0.021%	$431K	$299K	10x	as long as short
edgeX CRCLUSDC	+0.0948%	4h	94.390	−0.092%	$24K	$269K	10x	as long as short