Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.034%

Price spread now: Gate against Polymarket Perps+0.108%7-day average +0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.108%, 7d avg +0.138%

Together, before fees+0.193%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.030% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.138%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.183%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	92.180	0.0050	pay 0.0006% / 1h	54m 14s	$360K	$1.1M	10x
Short	Gate CRCL_USDT	92.280	0	get 0.0000% / 8h	3h 54m	$7.3M	$27.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Polymarket Perps. 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 Polymarket PerpsbpFee GatebpOrdersPrice spread, now +0.108%Rate

Funding earned: −$10.5
Price spread: +0.108% → +0.138%: −$2.98
Slippage, 4 orders: −$17.62
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.09
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Gate: live order book, 5 min ago.

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 Polymarket Perps live order book, 4 min ago	0.49 bp	8.7 bp −$9	9.1 bp −$91	10.9 bp −$1,090	doesn't fit
Sell Gate live order book, 5 min ago	1.63 bp	12.9 bp −$13	25.7 bp −$257	doesn't fit	doesn't fit

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	−0.0729%	8h	92.220	+0.043%	$16.7M	$35.4M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.990	−0.206%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.180	0.000%	$15.0M	$26.5M	50x	as long as short
Gate CRCL_USDTshort	0.0000%	8h	92.280	+0.108%	$7.3M	$27.2M	50x
Variational Omni CRCL	0.0000%	8h	92.209	+0.031%	$2.5M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.170	−0.011%	$1.0M	$48K	10x	as long as short
Extended CRCL_24_5-USD	+0.0008%	1h	92.135	−0.049%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0009%	8h	92.175	−0.006%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0011%	8h	92.200	+0.022%	$105.0M	$390.5M	50x	as long as short
BloFin CRCL-USDT	+0.0039%	8h	92.250	+0.076%	$1.1M	$1.3M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0040%	1h	92.206	+0.029%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.160	−0.022%	$94K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	92.090	−0.098%	$909K	$492K	10x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	92.180	long leg	$360K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	92.141	−0.042%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.110	−0.076%	$1.0M	$5.2M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0054%	8h	92.270	+0.097%	$64K	$1.1M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0057%	1h	92.127	−0.057%	$68.6M	$41.7M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0059%	8h	92.170	−0.011%	$22.3M	$61.5M	50x	as long as short
QFEX CRCL-USD	+0.0060%	1h	92.250	+0.076%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0088%	1h	92.177	−0.003%	$976K	$2.9M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.220	+0.043%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.250	+0.076%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.150	−0.033%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.160	−0.022%	$919	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.164	−0.018%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	92.265	+0.092%	$419K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0129%	8h	92.243	+0.069%	$424	$905	5x	as long as short
Phoenix CRCL	+0.0148%	1h	92.219	+0.042%	$27K	$82K	10x	as long as short
edgeX CRCLUSDC	+0.0264%	4h	92.238	+0.063%	$51K	$275K	10x	as long as short
Lighter CRCL	+0.0328%	1h	92.179	−0.001%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0406%	1h	92.136	−0.048%	$131K	$105K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.660	+0.521%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0727%	1h	92.180	0.000%	$4K	$768K	10x	as long as short