Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.014%

Price spread now: KuCoin against tradeXYZ+0.102%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$12 on $10k

Price spread, last 7 days−0.025%−$3 · spread now +0.102%, 7d avg +0.070%

Together, before fees+0.099%+ Points / potential airdroptradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.032% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRCL	93.455	0.0083	pay 0.0010% / 1h	59m 05s	$71.3M	$41.0M	10x
Short	KuCoin CRCLUSDTM	93.550	0.0100	get 0.0100% / 8h	6h 59m	$2.9M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now +0.102%Rate

Funding earned: $3.65
Price spread: +0.102% → +0.070%: $3.17
Slippage, 4 orders: −$77.35
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$100.53
Costs to cover: 1.074%
Break-even: 199.9 days

Slippage from tradeXYZ: live order book, 10 min ago; KuCoin: live order book, 3 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 tradeXYZ live order book, 10 min ago	0.74 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.60 bp	41.0 bp −$41	doesn't fit	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
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	93.500	+0.048%	$935K	$591K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.510	+0.059%	$15.3M	$25.5M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	93.430	−0.027%	$427K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	93.540	+0.091%	$7.2M	$25.5M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.510	+0.059%	$16.6M	$34.4M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	93.600	+0.155%	$62K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.550	+0.102%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.549	+0.101%	$980K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	93.696	+0.257%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	93.440	−0.016%	$1.3M	$2.5M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CRCL-USD-PERP	+0.0046%	1h	93.330	−0.134%	—	$37K	25x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.434	−0.022%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.410	−0.048%	$1.0M	$5.6M	10x	as long as short
Variational Omni CRCL	+0.0059%	8h	93.569	+0.122%	$2.5M	$3.1M	—	as long as short
tradeXYZ xyz:CRCLlong	+0.0083%	1h	93.455	long leg	$71.3M	$41.0M	10x
Paradex CRCL-USD-PERP	+0.0098%	8h	93.474	+0.021%	$766	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	93.469	+0.015%	$75K	$96K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	93.550	+0.102%	$2.9M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	93.750	+0.316%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.470	+0.016%	$932	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.529	+0.079%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0117%	1h	93.443	−0.013%	$362K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0121%	8h	93.490	+0.037%	$22.6M	$58.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0136%	1h	93.487	+0.034%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0137%	8h	93.490	+0.037%	$107.9M	$385.8M	50x	as long as short
Aster CRCLUSDT	+0.0138%	8h	93.407	−0.051%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0235%	1h	93.414	−0.044%	$154K	$89K	3x	as long as short
BloFin CRCL-USDT	+0.0257%	8h	93.160	−0.316%	$1.1M	$1.0M	20x	as long as short
Phoenix CRCL	+0.0296%	1h	93.653	+0.212%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0328%	1h	93.556	+0.108%	$3.0M	$2.3M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.910	+0.487%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	93.640	+0.198%	$96K	$271K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0713%	1h	93.530	+0.080%	$4K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0940%	4h	93.809	+0.379%	$24K	$268K	10x	as long as short