Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.029%

Price spread now: Gate against Vest+0.076%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 Gate

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

The price spread pays, funding is against you. Gate is 0.076% dearer against Vest than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRCL-USD-PERP	92.080	0.0018	pay 0.0002% / 1h	42m 46s	—	$38K	25x
Short	Gate CRCL_USDT	92.150	0	get 0.0000% / 8h	6h 42m	$7.2M	$26.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.076%Rate

Funding earned: −$3.83
Price spread: +0.076% → 0.000%: $7.6
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$13.23
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	1.62 bp	18.0 bp −$18	34.4 bp −$344	doesn't fit	doesn't fit

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
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.840	−0.261%	$919K	$581K	10x	as long as short
Bitget CRCLUSDT	−0.0007%	8h	92.150	+0.076%	$16.4M	$35.0M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.020	−0.065%	$15.1M	$25.7M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.312	+0.251%	$422K	$300K	10x	as long as short
Gate CRCL_USDTshort	0.0000%	8h	92.150	+0.076%	$7.2M	$26.1M	50x
GRVT CRCL_USDT_Perp	0.0000%	8h	92.081	+0.001%	$63K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.110	+0.033%	$1.0M	$49K	10x	as long as short
Variational Omni CRCL	+0.0014%	8h	91.991	−0.097%	$2.5M	$3.2M	—	as long as short
Vest CRCL-USD-PERPlong	+0.0018%	1h	92.080	long leg	—	$38K	25x
Aftermath Perps CRCLUSD	+0.0029%	1h	92.360	+0.304%	$2K	$22K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.020	−0.065%	$972K	$2.9M	10x	as long as short
edgeX CRCLUSDC	+0.0036%	4h	92.112	+0.034%	$23K	$268K	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.210	+0.141%	$94K	$272K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.968	−0.122%	$69.5M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.317	+0.257%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.202	+0.132%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.270	+0.206%	$998K	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.280	+0.217%	$1.3M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0076%	1h	92.160	+0.087%	$4K	$769K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0086%	8h	92.000	−0.087%	$21.8M	$59.8M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0087%	8h	91.989	−0.099%	$754	$740	5x	as long as short
Binance CRCLUSDT	+0.0090%	8h	91.999	−0.088%	$105.3M	$391.1M	50x	as long as short
Aster CRCLUSDT	+0.0094%	8h	92.097	+0.018%	$1.1M	$4.9M	20x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	92.049	−0.034%	$1.1M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.018	−0.067%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.150	+0.076%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.900	−0.195%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.260	+0.195%	$920	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.230	+0.163%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0221%	1h	92.263	+0.199%	$152K	$89K	3x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	+0.272%	$1.1M	$1.1M	20x	as long as short
Phoenix CRCL	+0.0231%	1h	91.994	−0.093%	$27K	$92K	10x	as long as short
Lighter CRCL	+0.0232%	1h	92.038	−0.046%	$3.0M	$2.3M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.910	+1.987%	$5K	$19K	30x	as long as short