Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.024%

Price spread now: KuCoin against Vest+0.150%50s7-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 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—+ 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 KuCoin is 0.150% dearer against Vest than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRCL-USD-PERP	93.330	0.0046	pay 0.0006% / 1h	58m 35s	—	$37K	25x
Short	KuCoin CRCLUSDTM	93.470	0.0100	get 0.0100% / 8h	6h 58m	$2.9M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.150%Rate

Funding earned: $11.41
Price spread: +0.150% → 0.000%: $15
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $12.41
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	1.60 bp	41.0 bp −$41	doesn't fit	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	93.500	+0.182%	$935K	$591K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.350	+0.021%	$15.3M	$25.5M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	93.348	+0.019%	$426K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	93.420	+0.096%	$7.2M	$25.5M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.420	+0.096%	$16.6M	$34.4M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	93.600	+0.289%	$62K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.550	+0.236%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.398	+0.073%	$979K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	93.696	+0.392%	$2K	$22K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	93.550	+0.236%	$96K	$271K	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-PERPlong	+0.0046%	1h	93.330	long leg	—	$37K	25x
tradeXYZ xyz:CRCL	+0.0050%	1h	93.322	−0.009%	$71.0M	$41.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.434	+0.111%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.410	+0.086%	$1.0M	$5.6M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	93.320	−0.011%	$1.3M	$2.5M	10x	as long as short
Variational Omni CRCL	+0.0059%	8h	93.569	+0.256%	$2.5M	$3.1M	—	as long as short
Paradex CRCL-USD-PERP	+0.0098%	8h	93.323	−0.007%	$765	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	93.350	+0.021%	$75K	$96K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	93.470	+0.150%	$2.9M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	93.750	+0.450%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.470	+0.150%	$932	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.529	+0.213%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0117%	1h	93.443	+0.121%	$362K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0118%	8h	93.340	+0.011%	$22.6M	$58.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0136%	1h	93.308	−0.023%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0137%	8h	93.357	+0.028%	$1.1M	$4.9M	20x	as long as short
Binance CRCLUSDT	+0.0137%	8h	93.358	+0.030%	$107.7M	$385.9M	50x	as long as short
Lighter CRCL	+0.0224%	1h	93.378	+0.051%	$3.0M	$2.3M	10x	as long as short
Nado CRCL-PERP	+0.0235%	1h	93.414	+0.090%	$154K	$89K	3x	as long as short
BloFin CRCL-USDT	+0.0257%	8h	93.160	−0.182%	$1.1M	$1.0M	20x	as long as short
Phoenix CRCL	+0.0296%	1h	93.653	+0.346%	$28K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.910	+0.621%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0713%	1h	93.530	+0.214%	$4K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0940%	4h	93.809	+0.513%	$24K	$268K	10x	as long as short