Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: Pacifica against KuCoin+0.072%46s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1481.477% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 4 days (all we have)+0.433%+$43 · spread now +0.072%, 7d avg −0.010%

Together, before fees+0.324%+ Points / potential airdropPacifica: Active · farm board+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.082% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRCLUSDTM	92.110	0.0100	pay 0.0100% / 8h	5h 07m	$2.8M	$1.9M	20x
Short	Pacifica CRCL	92.177	0.0100	get 0.0013% / 1h	7m 52s	$133K	$156K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → −0.010%: $8.23
Slippage, 4 orders: −$127.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$139.43
Costs to cover: 1.477%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Pacifica: live order book, 36 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 KuCoin live order book, 9 min ago	1.09 bp	65.6 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 36 min ago	10.93 bp	23.2 bp −$23	doesn't fit	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	−0.1064%	8h	92.150	+0.043%	$16.1M	$34.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0075%	1h	91.940	−0.185%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	92.080	−0.033%	$908K	$501K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.125	+0.016%	$1.1M	$5.7M	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.120	+0.011%	$15.2M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.161	+0.056%	$421K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.200	+0.098%	$7.2M	$26.9M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.197	+0.094%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.259	+0.162%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.190	+0.087%	$1.0M	$49K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRCLUSDT	+0.0001%	8h	92.118	+0.008%	$105.2M	$386.4M	50x	as long as short
BloFin CRCL-USDT	+0.0007%	8h	92.200	+0.098%	$1.1M	$1.3M	20x	as long as short
Aster CRCLUSDT	+0.0010%	8h	92.123	+0.014%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0011%	8h	92.110	0.000%	$21.6M	$59.7M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	92.124	+0.015%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	92.150	+0.043%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.191	+0.088%	$978K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.140	+0.033%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.101	−0.010%	$68.7M	$41.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.135	+0.027%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.141	+0.034%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.110	0.000%	$1.0M	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0085%	8h	92.143	+0.036%	$756	$740	5x	as long as short
Pacifica CRCLshort	+0.0100%	1h	92.177	+0.072%	$133K	$156K	10x
KuCoin CRCLUSDTMlong	+0.0100%	8h	92.110	long leg	$2.8M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.980	−0.141%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.130	+0.022%	$919	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.130	+0.021%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	92.048	−0.067%	$27K	$84K	10x	as long as short
Lighter CRCL	+0.0224%	1h	92.192	+0.089%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0224%	1h	92.084	−0.028%	$131K	$104K	3x	as long as short
edgeX CRCLUSDC	+0.0390%	4h	92.183	+0.080%	$23K	$248K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0402%	1h	92.150	+0.043%	$4K	$767K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.530	+0.456%	$5K	$19K	30x	as long as short