Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%

Price spread now: tradeXYZ against KuCoin−0.001%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$970.967% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 7 days−0.073%−$7 · spread now −0.001%, 7d avg −0.069%

Together, before fees−0.197%+ Points / potential airdroptradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.068% dearer against KuCoin than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.069%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRCLUSDTM	91.880	0.0100	pay 0.0100% / 8h	3h 37m	$2.7M	$1.9M	20x
Short	tradeXYZ xyz:CRCL	91.879	0.0050	get 0.0006% / 1h	37m 25s	$68.2M	$41.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$10.5
Price spread: −0.001% → −0.069%: $6.82
Slippage, 4 orders: −$66.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$100.36
Costs to cover: 0.967%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; tradeXYZ: live order book, 12 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, 5 min ago	2.18 bp	51.5 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.60 bp	10.4 bp −$10	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	−0.0711%	8h	92.010	+0.141%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0066%	1h	91.640	−0.261%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.990	+0.120%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.980	+0.109%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.849	−0.034%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.840	−0.044%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0012%	8h	91.925	+0.049%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.880	+0.001%	$1.2M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0019%	8h	91.936	+0.060%	$104.6M	$391.3M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.933	+0.058%	$2K	$25K	5x	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	+0.0040%	1h	91.896	+0.017%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.850	−0.033%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	+0.011%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCLshort	+0.0050%	1h	91.879	−0.001%	$68.2M	$41.7M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	91.840	−0.044%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.880	0.000%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.680	−0.218%	$1.0M	$5.1M	10x	as long as short
BloFin CRCL-USDT	+0.0059%	8h	91.890	+0.011%	$1.1M	$1.6M	20x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.910	+0.033%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0074%	8h	91.870	−0.010%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0081%	8h	92.050	+0.185%	$22.3M	$61.7M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.891	+0.012%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTMlong	+0.0100%	8h	91.880	long leg	$2.7M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.770	−0.120%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.930	+0.054%	$917	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.965	+0.092%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.894	+0.016%	$418K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0133%	8h	91.891	+0.011%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	91.828	−0.057%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.923	+0.047%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0375%	1h	91.826	−0.059%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.290	+0.446%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0839%	1h	91.950	+0.076%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0938%	4h	91.865	−0.016%	$51K	$276K	10x	as long as short