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: GRVT against Pacifica+0.179%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 GRVT

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 airdropPacifica: Active · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.179% dearer against Pacifica than usual: you sell high and buy low (spread +0.179% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. 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	Pacifica CRCL	94.190	0.0100	pay 0.0013% / 1h	9m 33s	$75K	$96K	10x
Short	GRVT CRCL_USDT_Perp	94.359	0.0054	get 0.0054% / 8h	7h 09m	$71K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.179%Rate

Funding earned: −$9.66
Price spread: +0.179% → 0.000%: $17.94
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$8.72
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Pacifica: no order-book sample; GRVT: live order book, 4 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 GRVT live order book, 4 min ago	0.53 bp	10.2 bp −$10	14.4 bp −$144	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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.100	−0.096%	$941K	$621K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.280	+0.096%	$15.5M	$25.4M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.280	+0.096%	$7.2M	$27.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	94.250	+0.064%	$16.9M	$34.3M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.240	+0.053%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.230	+0.042%	$888K	$2.8M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	94.225	+0.037%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.190	0.000%	$1.4M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.140	−0.053%	—	$37K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.170	−0.021%	$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	94.214	+0.025%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.205	+0.016%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.140	−0.053%	$1.1M	$5.7M	10x	as long as short
GRVT CRCL_USDT_Perpshort	+0.0054%	8h	94.359	+0.179%	$71K	$1.1M	10x
Variational Omni CRCL	+0.0091%	8h	94.279	+0.095%	$2.5M	$3.1M	—	as long as short
Pacifica CRCLlong	+0.0100%	1h	94.190	long leg	$75K	$96K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	94.270	+0.085%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.240	+0.053%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.270	+0.085%	$940	$3K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0101%	8h	94.238	+0.051%	$773	$740	5x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.232	+0.044%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0136%	8h	94.250	+0.064%	$22.8M	$59.0M	50x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	94.228	+0.040%	$1.1M	$5.5M	10x	as long as short
Binance CRCLUSDT	+0.0168%	8h	94.250	+0.064%	$109.2M	$385.2M	50x	as long as short
Aster CRCLUSDT	+0.0172%	8h	94.268	+0.083%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0225%	1h	94.151	−0.041%	$131K	$76K	3x	as long as short
BloFin CRCL-USDT	+0.0292%	8h	94.280	+0.096%	$1.1M	$568K	20x	as long as short
Phoenix CRCL	+0.0296%	1h	94.345	+0.165%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0320%	1h	94.257	+0.071%	$3.0M	$2.3M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.760	+0.605%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0517%	4h	94.284	+0.099%	$24K	$267K	10x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.260	+0.074%	$96K	$271K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.270	+0.085%	$430K	$297K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0812%	1h	94.240	+0.053%	$4K	$769K	10x	as long as short