Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.014%

Price spread now: Vest against Paradex−0.304%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 Vest

What this pair did over the last

the charts below follow

Funding, last 3 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 · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Vest is 0.304% cheaper against Paradex than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CRCL-USD-PERP	91.699	0.0151	pay 0.0151% / 8h	2h 05m	$422	$905	5x
Short	Vest CRCL-USD-PERP	91.420	−0.0081	pay 0.0010% / 1h	5m 17s	—	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.304%Rate

Funding earned: −$48.67
Price spread: −0.304% → 0.000%: −$30.38
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Vest: 1 bp × 2 orders: −$2
Net: −$85.05
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Vest: 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 Paradex no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Paradex and Vest: 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	−0.0861%	8h	91.730	+0.034%	$17.5M	$37.0M	25x	as long as short
Vest CRCL-USD-PERPshort	−0.0081%	1h	91.420	−0.304%	—	$31K	25x
Bybit CRCLUSDT	0.0000%	8h	91.660	−0.042%	$14.7M	$26.8M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.720	+0.023%	$7.7M	$27.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.719	+0.022%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.670	−0.031%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.661	−0.041%	$977K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	91.545	−0.168%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.610	−0.097%	$93K	$289K	10x	as long as short
Aster CRCLUSDT	+0.0045%	8h	91.603	−0.105%	$1.0M	$5.1M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0050%	1h	91.628	−0.077%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.630	−0.075%	$1.1M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.700	+0.002%	$1.3M	$1.8M	10x	as long as short
Extended CRCL_24_5-USD	+0.0056%	1h	91.634	−0.071%	$1.0M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0059%	8h	91.690	−0.009%	$104.7M	$397.7M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0060%	1h	91.676	−0.025%	$384K	$1.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.590	−0.118%	$892K	$606K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0078%	1h	91.650	−0.053%	$67.9M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.730	+0.035%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.590	−0.118%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.570	−0.140%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.660	−0.042%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.646	−0.057%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.700	+0.002%	$418K	$277K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0147%	8h	91.730	+0.034%	$65K	$1.1M	10x	as long as short
Paradex CRCL-USD-PERPlong	+0.0151%	8h	91.699	long leg	$422	$905	5x
OKX CRCL-USDT-SWAP	+0.0156%	8h	91.660	−0.042%	$22.3M	$62.8M	50x	as long as short
BloFin CRCL-USDT	+0.0179%	8h	91.700	+0.002%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.654	−0.049%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0272%	1h	91.664	−0.038%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0340%	1h	91.596	−0.112%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.150	+0.492%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0609%	4h	91.726	+0.030%	$52K	$277K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0733%	1h	91.620	−0.086%	$5K	$769K	10x	as long as short