Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against Gate0.000%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$470.475% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.018%+$2 · spread now 0.000%, 7d avg −0.003%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRCL_USDT	91.550	0	get 0.0000% / 8h	5h 39m	$7.1M	$26.6M	50x
Short	Bybit CRCLUSDT	91.550	0	get 0.0000% / 8h	5h 39m	$14.9M	$25.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.003%: $0.31
Slippage, 4 orders: −$21.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$47.15
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 5 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 Gate live order book, 5 min ago	1.09 bp	13.3 bp −$13	33.4 bp −$334	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.55 bp	9.2 bp −$9	16.9 bp −$169	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	−0.1317%	8h	91.650	+0.109%	$15.7M	$34.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0076%	1h	91.300	−0.273%	—	$35K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.450	−0.109%	$902K	$527K	10x	as long as short
Bybit CRCLUSDTshort	0.0000%	8h	91.550	0.000%	$14.9M	$25.7M	50x
RISEx CRCL/USDC	0.0000%	1h	91.510	−0.044%	$418K	$297K	10x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	91.550	long leg	$7.1M	$26.6M	50x
Variational Omni CRCL	0.0000%	8h	91.517	−0.036%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.568	+0.020%	$66K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.550	0.000%	$1.0M	$49K	10x	as long as short
Binance CRCLUSDT	+0.0005%	8h	91.533	−0.019%	$104.1M	$384.2M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRCL_24_5-USD	+0.0008%	1h	91.535	−0.016%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0014%	8h	91.590	+0.043%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0016%	8h	91.600	+0.055%	$21.5M	$59.3M	50x	as long as short
BloFin CRCL-USDT	+0.0019%	8h	91.530	−0.022%	$1.1M	$1.3M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0021%	1h	91.446	−0.113%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.480	−0.076%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.594	+0.048%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.520	−0.033%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.542	−0.009%	$68.5M	$41.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.516	−0.037%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.531	−0.021%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.640	+0.098%	$999K	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0069%	8h	91.512	−0.042%	$750	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.497	−0.058%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.570	+0.022%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.690	+0.153%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.550	0.000%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.546	−0.004%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	91.480	−0.076%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0188%	1h	91.525	−0.027%	$130K	$104K	3x	as long as short
Lighter CRCL	+0.0232%	1h	91.592	+0.046%	$2.9M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0296%	1h	91.550	0.000%	$4K	$767K	10x	as long as short
edgeX CRCLUSDC	+0.0316%	4h	91.583	+0.036%	$23K	$267K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.200	+0.710%	$5K	$19K	30x	as long as short