Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.002%

Price spread now: Pacifica against Paradex−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 Paradex Short on Pacifica

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 airdropParadex: Active · Pacifica: 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	Paradex CRCL-USD-PERP	92.104	0.0087	pay 0.0087% / 8h	5h 13m	$755	$740	5x
Short	Pacifica CRCL	92.097	0.0100	get 0.0013% / 1h	13m 07s	$133K	$156K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Paradex. 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 ParadexbpFee PacificabpOrdersPrice spread, now −0.007%Rate

Funding earned: $2.75
Price spread: −0.007% → 0.000%: −$0.74
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$9.98
Costs to cover: 0.120%
Break-even: 32.4 days

Slippage unknown: Paradex: no order-book sample; Pacifica: live order book, 31 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 Paradex no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 31 min ago	10.93 bp	23.2 bp −$23	doesn't fit	doesn't fit	doesn't fit

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
Bitget CRCLUSDT	−0.1144%	8h	92.090	−0.015%	$16.0M	$34.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0077%	1h	91.880	−0.243%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	92.090	−0.015%	$909K	$501K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.040	−0.069%	$15.2M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.103	−0.001%	$420K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.150	+0.050%	$7.1M	$26.8M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.177	+0.080%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.175	+0.078%	$65K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.110	+0.007%	$1.0M	$49K	10x	as long as short
Binance CRCLUSDT	+0.0004%	8h	92.030	−0.080%	$105.2M	$386.1M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRCL_24_5-USD	+0.0008%	1h	92.046	−0.062%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0012%	8h	92.069	−0.037%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0014%	8h	92.070	−0.037%	$21.6M	$59.7M	50x	as long as short
BloFin CRCL-USDT	+0.0017%	8h	92.020	−0.091%	$1.1M	$1.3M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	92.017	−0.095%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	92.050	−0.058%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.051	−0.057%	$977K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.040	−0.069%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.025	−0.085%	$68.6M	$41.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.071	−0.035%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.032	−0.078%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.040	−0.069%	$1.0M	$5.2M	10x	as long as short
Paradex CRCL-USD-PERPlong	+0.0087%	8h	92.104	long leg	$755	$740	5x
Pacifica CRCLshort	+0.0100%	1h	92.097	−0.007%	$133K	$156K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	92.040	−0.069%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.030	−0.080%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.040	−0.069%	$918	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.049	−0.059%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	92.192	+0.096%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0224%	1h	92.013	−0.098%	$131K	$104K	3x	as long as short
Lighter CRCL	+0.0240%	1h	92.073	−0.033%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0305%	4h	92.149	+0.049%	$23K	$249K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.530	+0.463%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0511%	1h	92.040	−0.069%	$4K	$767K	10x	as long as short