Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.029%

Price spread now: Vest against Gate−0.138%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 Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Vest is 0.138% cheaper against Gate than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 10 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRCL_USDT	94.330	0	get 0.0000% / 8h	7h 32m	$7.2M	$27.0M	50x
Short	Vest CRCL-USD-PERP	94.200	0.0046	get 0.0006% / 1h	32m 30s	—	$37K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.138%Rate

Funding earned: $9.59
Price spread: −0.138% → 0.000%: −$13.78
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: −$21.19
Costs to cover: 0.170%
Break-even: 22.5 days

Slippage unknown: Gate: live order book, 1 min ago; Vest: 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	1.06 bp	14.0 bp −$14	27.6 bp −$276	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.127%	$942K	$622K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.300	−0.032%	$15.5M	$25.7M	50x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	94.330	long leg	$7.2M	$27.0M	50x
GRVT CRCL_USDT_Perp	0.0000%	8h	94.300	−0.032%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.310	−0.021%	$1.0M	$51K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.313	−0.018%	$891K	$2.8M	10x	as long as short
Bitget CRCLUSDT	+0.0040%	8h	94.330	0.000%	$17.0M	$34.7M	25x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.310	−0.021%	$1.4M	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0043%	1h	94.251	−0.083%	$2K	$22K	5x	as long as short
Vest CRCL-USD-PERPshort	+0.0046%	1h	94.200	−0.138%	—	$37K	25x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CRCLUSDC	+0.0047%	4h	94.288	−0.044%	$24K	$268K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.273	−0.060%	$71.7M	$42.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.292	−0.040%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.284	−0.049%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.180	−0.159%	$1.1M	$5.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.264	−0.070%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.350	+0.021%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.230	−0.106%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.340	+0.011%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.301	−0.031%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0105%	8h	94.306	−0.025%	$773	$740	5x	as long as short
Variational Omni CRCL	+0.0137%	8h	94.330	0.000%	$2.5M	$3.1M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0154%	8h	94.310	−0.021%	$22.8M	$59.3M	50x	as long as short
Binance CRCLUSDT	+0.0196%	8h	94.310	−0.021%	$109.3M	$386.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0200%	1h	94.291	−0.042%	$1.1M	$5.9M	10x	as long as short
Aster CRCLUSDT	+0.0203%	8h	94.362	+0.034%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0221%	1h	94.259	−0.075%	$132K	$76K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0280%	1h	94.310	−0.021%	$4K	$771K	10x	as long as short
Lighter CRCL	+0.0288%	1h	94.328	−0.002%	$3.0M	$2.2M	10x	as long as short
Phoenix CRCL	+0.0296%	1h	94.307	−0.024%	$28K	$92K	10x	as long as short
BloFin CRCL-USDT	+0.0319%	8h	94.350	+0.021%	$1.1M	$560K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.730	+0.424%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.280	−0.053%	$96K	$273K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.305	−0.026%	$430K	$299K	10x	as long as short