Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Orderly against Pacifica0.000%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 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—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	91.730	0.0100	pay 0.0013% / 1h	40m 23s	$134K	$159K	10x
Short	Orderly PERP_CRCL_USDC_mythos	91.730	0.0100	get 0.0100% / 8h	40m 23s	$915	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 43 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 Pacifica live order book, 43 min ago	9.82 bp	23.4 bp −$23	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
Bitget CRCLUSDT	−0.0256%	8h	91.800	+0.076%	$17.6M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0078%	1h	91.490	−0.262%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.770	+0.044%	$7.8M	$27.3M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.790	+0.065%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0030%	8h	91.740	+0.011%	$14.8M	$26.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.772	+0.046%	$981K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.701	−0.031%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.740	+0.011%	$97K	$292K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.670	−0.065%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.710	−0.022%	$1.1M	$4.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.740	+0.011%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.400	−0.360%	$890K	$415K	10x	as long as short
Variational Omni CRCL	+0.0095%	8h	91.757	+0.030%	$2.4M	$3.3M	—	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.730	long leg	$134K	$159K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.750	+0.022%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.690	−0.044%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythosshort	+0.0100%	8h	91.730	0.000%	$915	$1K	10x
Aevo CRCL-PERP	+0.0104%	1h	91.720	−0.011%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0137%	1h	91.682	−0.052%	$67.9M	$43.9M	10x	as long as short
Aster CRCLUSDT	+0.0166%	8h	91.717	−0.014%	$1.0M	$5.0M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0177%	8h	91.758	+0.031%	$422	$905	5x	as long as short
Binance CRCLUSDT	+0.0181%	8h	91.760	+0.033%	$105.4M	$389.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0184%	1h	91.695	−0.038%	$1.0M	$5.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0184%	1h	91.745	+0.016%	$380K	$1.3M	10x	as long as short
Phoenix CRCL	+0.0227%	1h	91.776	+0.050%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0240%	8h	91.780	+0.055%	$69K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0259%	8h	91.730	0.000%	$22.3M	$61.8M	50x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0296%	1h	91.670	−0.065%	$5K	$769K	10x	as long as short
BloFin CRCL-USDT	+0.0299%	8h	91.820	+0.098%	$1.1M	$1.7M	20x	as long as short
Lighter CRCL	+0.0304%	1h	91.761	+0.034%	$2.9M	$2.3M	10x	as long as short
edgeX CRCLUSDC	+0.0435%	4h	91.754	+0.026%	$52K	$274K	10x	as long as short
Nado CRCL-PERP	+0.0438%	1h	91.705	−0.028%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.150	+0.458%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.775	+0.049%	$412K	$271K	10x	as long as short