Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.023%

Price spread now: Gate against Pacifica+0.032%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

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

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

The price spread pays, funding is against you. Gate is 0.032% dearer against Pacifica than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	94.160	0.0100	pay 0.0013% / 1h	32m 00s	$75K	$99K	10x
Short	Gate CRCL_USDT	94.190	0	get 0.0000% / 8h	2h 32m	$7.2M	$27.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Pacifica. 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 PacificabpFee GatebpOrdersPrice spread, now +0.032%Rate

Funding earned: −$21
Price spread: +0.032% → 0.000%: $3.19
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.81
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Gate: live order book, 2 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	1.06 bp	10.0 bp −$10	26.4 bp −$264	doesn't fit	doesn't fit

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
Extended CRCL_24_5-USD	0.0000%	1h	94.198	+0.041%	$1.0M	$3.6M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	94.200	+0.042%	$108.2M	$389.2M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	94.208	+0.051%	$430K	$310K	10x	as long as short
Gate CRCL_USDTshort	0.0000%	8h	94.190	+0.032%	$7.2M	$27.7M	50x
Variational Omni CRCL	0.0000%	8h	94.082	−0.083%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.210	+0.053%	$50K	$1.2M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.090	−0.074%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.240	+0.085%	$1.4M	$2.7M	10x	as long as short
Bybit CRCLUSDT	+0.0022%	8h	94.210	+0.053%	$15.5M	$25.9M	50x	as long as short
Aster CRCLUSDT	+0.0023%	8h	94.199	+0.041%	$1.1M	$4.8M	20x	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	+0.0032%	1h	94.186	+0.028%	$874K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.154	−0.007%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.100	−0.064%	—	$45K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.146	−0.015%	$70.7M	$42.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.178	+0.019%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.194	+0.036%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.060	−0.106%	$1.1M	$5.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0089%	8h	94.212	+0.055%	$716	$428	5x	as long as short
Pacifica CRCLlong	+0.0100%	1h	94.160	long leg	$75K	$99K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	94.160	0.000%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.060	−0.106%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.190	+0.032%	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.200	+0.043%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	94.210	+0.053%	$1.1M	$587K	20x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.000	−0.170%	$935K	$739K	10x	as long as short
Nado CRCL-PERP	+0.0182%	1h	94.150	−0.010%	$126K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0227%	8h	94.180	+0.021%	$22.8M	$60.5M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.212	+0.055%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0240%	1h	94.215	+0.058%	$3.1M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0281%	1h	94.180	+0.021%	$4K	$771K	10x	as long as short
Bitget CRCLUSDT	+0.0332%	8h	94.210	+0.053%	$16.7M	$35.2M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.770	+0.648%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.160	0.000%	$96K	$271K	10x	as long as short
edgeX CRCLUSDC	+0.0779%	4h	94.171	+0.012%	$24K	$267K	10x	as long as short