Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.005%

Price spread now: Pacifica against GRVT−0.179%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

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

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

Funding pays, the price is against you. Pacifica is 0.179% cheaper against GRVT than usual: you would sell low and buy high (spread −0.179% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.009% in total) that is about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRCL_USDT_Perp	94.359	0.0054	pay 0.0054% / 8h	7h 09m	$71K	$1.1M	10x
Short	Pacifica CRCL	94.190	0.0100	get 0.0013% / 1h	9m 13s	$75K	$96K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against GRVT. 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 GRVTbpFee PacificabpOrdersPrice spread, now −0.179%Rate

Funding earned: $9.66
Price spread: −0.179% → 0.000%: −$17.91
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$25.25
Costs to cover: 0.170%
Break-even: 25.3 days

Slippage unknown: GRVT: 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 GRVT live order book, 4 min ago	0.53 bp	7.1 bp −$7	16.3 bp −$163	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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.100	−0.274%	$941K	$621K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.240	−0.126%	$15.5M	$25.4M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.260	−0.105%	$7.2M	$27.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	94.240	−0.126%	$16.9M	$34.3M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.240	−0.126%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.207	−0.161%	$887K	$2.8M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	94.181	−0.189%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.190	−0.179%	$1.4M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.100	−0.274%	—	$37K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.178	−0.192%	$71.6M	$40.4M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	94.191	−0.178%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.195	−0.174%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.140	−0.232%	$1.1M	$5.7M	10x	as long as short
GRVT CRCL_USDT_Perplong	+0.0054%	8h	94.359	long leg	$71K	$1.1M	10x
Variational Omni CRCL	+0.0091%	8h	94.279	−0.084%	$2.5M	$3.1M	—	as long as short
Pacifica CRCLshort	+0.0100%	1h	94.190	−0.179%	$75K	$96K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	94.280	−0.084%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.240	−0.126%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.210	−0.158%	$939	$3K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0101%	8h	94.238	−0.128%	$773	$740	5x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.212	−0.156%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0134%	8h	94.170	−0.200%	$22.8M	$58.9M	50x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	94.201	−0.167%	$1.1M	$5.5M	10x	as long as short
Binance CRCLUSDT	+0.0168%	8h	94.205	−0.163%	$109.1M	$385.2M	50x	as long as short
Aster CRCLUSDT	+0.0172%	8h	94.264	−0.101%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0227%	1h	94.161	−0.209%	$131K	$76K	3x	as long as short
BloFin CRCL-USDT	+0.0288%	8h	94.190	−0.179%	$1.1M	$577K	20x	as long as short
Phoenix CRCL	+0.0296%	1h	94.311	−0.051%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0320%	1h	94.237	−0.129%	$3.0M	$2.3M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.760	+0.425%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0517%	4h	94.284	−0.080%	$24K	$267K	10x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.260	−0.105%	$96K	$271K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0600%	1h	94.230	−0.137%	$4K	$769K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.270	−0.094%	$430K	$297K	10x	as long as short