Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.023%

Price spread now: Pacifica against Gate−0.021%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 Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

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

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

Funding pays, the price is against you. Pacifica is 0.021% cheaper against Gate than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRCL_USDT	94.250	0	get 0.0000% / 8h	2h 30m	$7.2M	$27.7M	50x
Short	Pacifica CRCL	94.230	0.0100	get 0.0013% / 1h	30m 09s	$75K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.021%Rate

Funding earned: $21
Price spread: −0.021% → 0.000%: −$2.12
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$4.12
Costs to cover: 0.230%
Break-even: 8.4 days

Slippage unknown: Gate: live order book, 4 min ago; Pacifica: 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, 4 min ago	1.06 bp	14.7 bp −$15	24.3 bp −$243	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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
Extended CRCL_24_5-USD	0.0000%	1h	94.258	+0.009%	$1.0M	$3.6M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	94.270	+0.021%	$108.3M	$389.2M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	94.280	+0.032%	$430K	$310K	10x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	94.250	long leg	$7.2M	$27.7M	50x
Variational Omni CRCL	0.0000%	8h	94.261	+0.011%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.210	−0.042%	$50K	$1.2M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.140	−0.117%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.220	−0.032%	$1.4M	$2.7M	10x	as long as short
Aster CRCLUSDT	+0.0020%	8h	94.259	+0.009%	$1.1M	$4.8M	20x	as long as short
Bybit CRCLUSDT	+0.0022%	8h	94.280	+0.032%	$15.5M	$25.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	94.289	+0.041%	$877K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.191	−0.062%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.140	−0.117%	—	$45K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.253	+0.003%	$70.8M	$42.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.233	−0.018%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.262	+0.013%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.160	−0.095%	$1.1M	$5.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0087%	8h	94.267	+0.018%	$716	$428	5x	as long as short
Pacifica CRCLshort	+0.0100%	1h	94.230	−0.021%	$75K	$99K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	94.200	−0.053%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.180	−0.074%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.230	−0.021%	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.260	+0.010%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	94.190	−0.064%	$1.1M	$587K	20x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.000	−0.265%	$935K	$739K	10x	as long as short
Nado CRCL-PERP	+0.0186%	1h	94.206	−0.046%	$126K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0224%	8h	94.270	+0.021%	$22.8M	$60.6M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.212	−0.040%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0248%	1h	94.304	+0.057%	$3.1M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0267%	4h	94.221	−0.031%	$24K	$267K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0281%	1h	94.230	−0.021%	$4K	$771K	10x	as long as short
Bitget CRCLUSDT	+0.0332%	8h	94.280	+0.032%	$16.7M	$35.2M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.770	+0.552%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.200	−0.053%	$96K	$271K	10x	as long as short