Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.017%

Price spread now: Aevo against Gate−0.051%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.051% cheaper against Gate than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 39 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRCL_USDT	91.390	0	get 0.0000% / 8h	1h 33m	$7.8M	$27.5M	50x
Short	Aevo CRCL-PERP	91.344	0.0104	get 0.0013% / 1h	33m 02s	$4	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.051%Rate

Funding earned: $21.84
Price spread: −0.051% → 0.000%: −$5.09
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$14.25
Costs to cover: 0.310%
Break-even: 11.6 days

Slippage unknown: Gate: live order book, 1 min ago; Aevo: 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 Gate live order book, 1 min ago	2.19 bp	13.0 bp −$13	31.0 bp −$310	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0727%	8h	91.430	+0.044%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0087%	1h	91.010	−0.416%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.360	−0.033%	$14.6M	$26.7M	50x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	91.390	long leg	$7.8M	$27.5M	50x
Variational Omni CRCL	0.0000%	8h	91.259	−0.143%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.370	−0.022%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.379	−0.012%	$977K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.256	−0.147%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.230	−0.175%	$94K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.290	−0.109%	$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	91.120	−0.295%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.208%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.300	−0.098%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0077%	1h	91.286	−0.114%	$67.5M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0084%	8h	91.381	−0.010%	$1.0M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.338	−0.057%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0097%	8h	91.360	−0.033%	$104.4M	$397.5M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.281	−0.119%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.300	−0.098%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.190	−0.219%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.340	−0.055%	$911	$2K	10x	as long as short
Aevo CRCL-PERPshort	+0.0104%	1h	91.344	−0.051%	$4	—	10x
Polymarket Perps CRCL-USD	+0.0131%	1h	91.316	−0.081%	$382K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0160%	8h	91.299	−0.100%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0189%	8h	91.330	−0.066%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0196%	8h	91.420	+0.033%	$22.2M	$62.7M	50x	as long as short
BloFin CRCL-USDT	+0.0217%	8h	91.350	−0.044%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.232	−0.173%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.347	−0.047%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0296%	1h	91.420	+0.033%	$2.9M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0407%	1h	91.340	−0.055%	$5K	$769K	10x	as long as short
Nado CRCL-PERP	+0.0412%	1h	91.202	−0.206%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.700	+0.339%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0904%	4h	91.319	−0.078%	$52K	$277K	10x	as long as short