Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.002%

Price spread now: Paradex against Pacifica−0.007%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	92.335	0.0100	pay 0.0013% / 1h	43m 36s	$129K	$154K	10x
Short	Paradex CRCL-USD-PERP	92.329	0.0087	get 0.0087% / 8h	6h 43m	$757	$740	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$2.63
Price spread: −0.007% → 0.000%: −$0.73
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$15.36
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 5 min ago; Paradex: 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, 5 min ago	25.99 bp	35.7 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0008%	1h	91.840	−0.536%	$919K	$581K	10x	as long as short
Bitget CRCLUSDT	−0.0007%	8h	92.380	+0.048%	$16.4M	$34.9M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.340	+0.005%	$15.2M	$25.7M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.312	−0.026%	$422K	$300K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.380	+0.048%	$7.2M	$26.0M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.668	+0.360%	$61K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.210	−0.136%	$1.0M	$49K	10x	as long as short
Variational Omni CRCL	+0.0014%	8h	91.991	−0.373%	$2.5M	$3.2M	—	as long as short
Vest CRCL-USD-PERP	+0.0020%	1h	91.960	−0.407%	—	$38K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0030%	1h	92.378	+0.046%	$2K	$22K	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	+0.0032%	1h	92.347	+0.013%	$976K	$2.9M	10x	as long as short
edgeX CRCLUSDC	+0.0036%	4h	92.112	−0.242%	$23K	$268K	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.210	−0.136%	$94K	$272K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.305	−0.033%	$69.7M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.195	−0.152%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.123	−0.230%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.270	−0.071%	$998K	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.280	−0.060%	$1.3M	$2.4M	10x	as long as short
Paradex CRCL-USD-PERPshort	+0.0087%	8h	92.329	−0.007%	$757	$740	5x
OKX CRCL-USDT-SWAP	+0.0089%	8h	92.330	−0.006%	$21.9M	$59.9M	50x	as long as short
Binance CRCLUSDT	+0.0093%	8h	92.301	−0.037%	$105.6M	$390.9M	50x	as long as short
Aster CRCLUSDT	+0.0094%	8h	92.339	+0.004%	$1.1M	$4.9M	20x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	92.287	−0.052%	$1.1M	$5.7M	10x	as long as short
Pacifica CRCLlong	+0.0100%	1h	92.335	long leg	$129K	$154K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	92.420	+0.092%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.900	−0.471%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.230	−0.114%	$920	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.269	−0.071%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	−0.006%	$1.1M	$1.1M	20x	as long as short
Nado CRCL-PERP	+0.0227%	1h	92.193	−0.154%	$152K	$89K	3x	as long as short
Phoenix CRCL	+0.0231%	1h	91.994	−0.370%	$27K	$92K	10x	as long as short
Lighter CRCL	+0.0248%	1h	92.336	+0.001%	$3.0M	$2.3M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0401%	1h	92.270	−0.071%	$4K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.910	+1.705%	$5K	$19K	30x	as long as short