Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h +0.035%

Price spread now: Binance against Vest+0.328%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Binance

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 airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.328% dearer against Vest than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRCL-USD-PERP	91.560	−0.0069	get 0.0009% / 1h	18m 08s	—	$31K	25x
Short	Binance CRCLUSDT	91.860	0	get 0.0000% / 8h	4h 18m	$104.6M	$389.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now +0.328%Rate

Funding earned: $14.48
Price spread: +0.328% → 0.000%: $32.77
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: $35.25
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Binance: live order book, 11 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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.55 bp	5.6 bp −$6	10.7 bp −$107	34.2 bp −$3,416	147.1 bp −$73.5K

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	−0.0997%	8h	91.850	+0.317%	$16.5M	$35.1M	25x	as long as short
Vest CRCL-USD-PERPlong	−0.0069%	1h	91.560	long leg	—	$31K	25x
Aster CRCLUSDT	0.0000%	8h	91.859	+0.326%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.766	+0.225%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDTshort	0.0000%	8h	91.860	+0.328%	$104.6M	$389.5M	50x
Bybit CRCLUSDT	0.0000%	8h	91.870	+0.339%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.810	+0.273%	$417K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.910	+0.382%	$7.2M	$27.2M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.828	+0.293%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.950	+0.426%	$65K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.810	+0.273%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.790	+0.251%	$906K	$490K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0023%	8h	91.900	+0.371%	$22.1M	$61.1M	50x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.780	+0.240%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.853	+0.320%	$973K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0034%	1h	91.782	+0.242%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.780	+0.240%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.757	+0.215%	$68.4M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.756	+0.214%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.802	+0.264%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.820	+0.284%	$1.0M	$5.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0099%	8h	91.793	+0.255%	$422	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.720	+0.175%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.820	+0.284%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.750	+0.208%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.780	+0.240%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.792	+0.254%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.860	+0.328%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.832	+0.297%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0184%	1h	91.853	+0.320%	$3.0M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0295%	1h	91.800	+0.262%	$4K	$767K	10x	as long as short
Nado CRCL-PERP	+0.0301%	1h	91.724	+0.179%	$130K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.400	+0.917%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0735%	4h	91.815	+0.279%	$51K	$276K	10x	as long as short