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 −0.013%

Price spread now: Orderly against KuCoin−0.011%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Orderly

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRCLUSDTM	93.570	0.0100	pay 0.0100% / 8h	7h 00m	$2.9M	$1.9M	20x
Short	Orderly PERP_CRCL_USDC_mythos	93.560	0.0100	get 0.0100% / 8h	7h 00m	$933	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. 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 KuCoinbpFee OrderlybpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → 0.000%: −$1.07
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.07
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Orderly: 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 KuCoin live order book, 2 min ago	1.60 bp	45.4 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	93.600	+0.032%	$936K	$591K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.520	−0.053%	$15.3M	$25.4M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	93.610	+0.043%	$7.2M	$27.2M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.570	0.000%	$16.6M	$34.3M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	93.950	+0.406%	$62K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.620	+0.053%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.517	−0.057%	$980K	$3.0M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	93.831	+0.279%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	93.500	−0.075%	$1.3M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	93.380	−0.203%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	93.525	−0.048%	$71.5M	$40.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.483	−0.093%	$362K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.567	−0.003%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.610	+0.043%	$1.0M	$5.7M	10x	as long as short
Variational Omni CRCL	+0.0059%	8h	93.569	−0.001%	$2.5M	$3.1M	—	as long as short
Paradex CRCL-USD-PERP	+0.0097%	8h	93.504	−0.070%	$767	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	93.541	−0.031%	$75K	$96K	10x	as long as short
KuCoin CRCLUSDTMlong	+0.0100%	8h	93.570	long leg	$2.9M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	93.750	+0.192%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythosshort	+0.0100%	8h	93.560	−0.011%	$933	$3K	10x
Aevo CRCL-PERP	+0.0104%	1h	93.578	+0.008%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0123%	8h	93.550	−0.021%	$22.6M	$58.6M	50x	as long as short
Binance CRCLUSDT	+0.0138%	8h	93.500	−0.075%	$107.9M	$385.5M	50x	as long as short
Aster CRCLUSDT	+0.0141%	8h	93.606	+0.039%	$1.1M	$4.9M	20x	as long as short
Extended CRCL_24_5-USD	+0.0144%	1h	93.492	−0.084%	$1.1M	$5.7M	10x	as long as short
Nado CRCL-PERP	+0.0234%	1h	93.424	−0.156%	$154K	$89K	3x	as long as short
BloFin CRCL-USDT	+0.0261%	8h	93.460	−0.118%	$1.1M	$690K	20x	as long as short
Phoenix CRCL	+0.0296%	1h	93.980	+0.438%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0328%	1h	93.607	+0.040%	$3.0M	$2.3M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.210	+0.684%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0498%	1h	93.590	+0.021%	$4K	$769K	10x	as long as short
Arcus CRCL-USD	+0.0521%	1h	93.720	+0.160%	$96K	$271K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	93.524	−0.049%	$427K	$297K	10x	as long as short
edgeX CRCLUSDC	+0.0940%	4h	93.809	+0.256%	$24K	$268K	10x	as long as short