Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: KuCoin against SoDEX0.000%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on KuCoin

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—needs 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: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CRCL-USD	94.710	0.0050	pay 0.0006% / 1h	35m 59s	$48K	$3K	10x
Short	KuCoin CRCLUSDTM	94.710	0.0100	get 0.0100% / 8h	35m 59s	$3.0M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $10.5
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$9.5
Costs to cover: 0.200%
Break-even: 13.3 days

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 6 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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	2.64 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
Gate CRCL_USDT	0.0000%	8h	94.760	+0.053%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.710	0.000%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.710	0.000%	$1.4M	$2.7M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.765	+0.058%	$894K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.211%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.710	0.000%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.682	−0.030%	$367K	$1.1M	10x	as long as short
SoDEX CRCL-USDlong	+0.0050%	1h	94.710	long leg	$48K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.600	−0.116%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0051%	1h	94.709	−0.001%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	94.700	−0.011%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	94.710	0.000%	$3.0M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	94.610	−0.106%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.730	+0.021%	$944	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.745	+0.037%	$4	—	10x	as long as short
Bybit CRCLUSDT	+0.0105%	8h	94.740	+0.032%	$15.6M	$25.9M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0129%	8h	94.718	+0.009%	$777	$740	5x	as long as short
Variational Omni CRCL	+0.0152%	8h	94.734	+0.025%	$2.5M	$3.1M	—	as long as short
GRVT CRCL_USDT_Perp	+0.0184%	8h	94.784	+0.078%	$61K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0203%	8h	94.780	+0.074%	$22.9M	$60.7M	50x	as long as short
Binance CRCLUSDT	+0.0205%	8h	94.752	+0.045%	$109.7M	$389.8M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0207%	1h	94.685	−0.026%	$71.1M	$42.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0208%	1h	94.738	+0.030%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0215%	8h	94.740	+0.032%	$1.1M	$4.9M	20x	as long as short
Phoenix CRCL	+0.0288%	1h	94.734	+0.025%	$28K	$92K	10x	as long as short
Nado CRCL-PERP	+0.0292%	1h	94.661	−0.052%	$127K	$73K	3x	as long as short
Bitget CRCLUSDT	+0.0311%	8h	94.770	+0.063%	$16.9M	$35.4M	25x	as long as short
BloFin CRCL-USDT	+0.0325%	8h	94.760	+0.053%	$1.1M	$599K	20x	as long as short
Lighter CRCL	+0.0400%	1h	94.780	+0.074%	$3.1M	$2.2M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.897%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.710	0.000%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.740	+0.032%	$432K	$312K	10x	as long as short
edgeX CRCLUSDC	+0.0579%	4h	94.706	−0.004%	$24K	$267K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0701%	1h	94.750	+0.042%	$4K	$772K	10x	as long as short