Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h +0.017%

Price spread now: Paradex against Polymarket Perps−0.058%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps 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 airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.058% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 7.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	92.722	0.0050	pay 0.0006% / 1h	6m 45s	$318K	$982K	10x
Short	Paradex CRCL-USD-PERP	92.669	0.0076	get 0.0076% / 8h	5h 06m	$426	$477	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.058%Rate

Funding earned: $5.52
Price spread: −0.058% → 0.000%: −$5.77
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$12.25
Costs to cover: 0.120%
Break-even: 22.5 days

Slippage unknown: Polymarket Perps: live order book, 39 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 Polymarket Perps live order book, 39 min ago	2.53 bp	7.0 bp −$7	8.2 bp −$82	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 exchanges

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	−0.0048%	1h	92.500	−0.239%	$865K	$744K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.760	+0.041%	$15.1M	$25.0M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.800	+0.084%	$18.5M	$33.3M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.680	−0.045%	$1.0M	$45K	10x	as long as short
Vest CRCL-USD-PERP	+0.0017%	1h	92.570	−0.164%	—	$30K	25x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.762	+0.043%	$1.0M	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	92.642	−0.087%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.712	−0.011%	$67.7M	$39.6M	10x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	92.722	long leg	$318K	$982K	10x
SoDEX CRCL-USD	+0.0050%	1h	92.695	−0.029%	$46K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.530	−0.207%	$999K	$3.7M	10x	as long as short
QFEX CRCL-USD	+0.0055%	1h	92.660	−0.067%	$1.3M	$1.6M	10x	as long as short
Gate CRCL_USDT	+0.0062%	8h	92.760	+0.041%	$7.5M	$25.7M	50x	as long as short
Injective CRCL/USDC PERP	+0.0072%	1h	92.090	−0.682%	$38K	$172K	30x	as long as short
Paradex CRCL-USD-PERPshort	+0.0076%	8h	92.669	−0.058%	$426	$477	5x
Pacifica CRCL	+0.0100%	1h	92.704	−0.019%	$139K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.680	−0.045%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.610	−0.121%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.670	−0.056%	$924	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.712	−0.011%	$4	—	10x	as long as short
Phoenix CRCL	+0.0197%	1h	92.624	−0.106%	$27K	$66K	10x	as long as short
Variational Omni CRCL	+0.0203%	8h	92.521	−0.216%	$2.5M	$3.2M	—	as long as short
Arcus CRCL-USD	+0.0214%	1h	92.630	−0.099%	$93K	$200K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0228%	8h	92.760	+0.041%	$22.8M	$56.6M	50x	as long as short
Binance CRCLUSDT	+0.0260%	8h	92.760	+0.041%	$106.7M	$348.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0264%	1h	92.697	−0.027%	$1.1M	$4.0M	10x	as long as short
Aster CRCLUSDT	+0.0273%	8h	92.697	−0.027%	$1.1M	$4.5M	20x	as long as short
Nado CRCL-PERP	+0.0280%	1h	92.634	−0.095%	$154K	$94K	3x	as long as short
Lighter CRCL	+0.0288%	1h	92.783	+0.066%	$3.0M	$2.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0290%	1h	92.690	−0.035%	$5K	$415K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0312%	8h	92.645	−0.083%	$59K	$987K	10x	as long as short
BloFin CRCL-USDT	+0.0382%	8h	92.750	+0.030%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0528%	1h	92.689	−0.036%	$416K	$225K	10x	as long as short
edgeX CRCLUSDC	+0.0760%	4h	92.591	−0.142%	$53K	$268K	10x	as long as short