Settings8H · net · $10k
Funding arb · Price arb /

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h −0.004%
Price spread now: Ondo Perps against Vest+0.193%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · Ondo Perps: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.193% dearer against Vest than usual: you sell high and buy low, +$19 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest CRCL-USD-PERP93.4300.0046pay 0.0006% / 1h1m 24s$37K25x
ShortOndo Perps CRCL-USD.P93.6100.0050get 0.0006% / 1h1m 24s$1.0M$5.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
$0.99
Price spread: +0.193% → 0.000%
$19.27
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$13.26
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell Ondo Perps no order-book sample
Vest and Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International CRCL-PERP-INTX−0.0064%1h93.700+0.289%$937K$601K10xas long as short
Bybit CRCLUSDT0.0000%8h93.580+0.161%$15.4M$25.4M50xas long as short
Gate CRCL_USDT0.0000%8h93.660+0.246%$7.2M$27.2M50xas long as short
Bitget CRCLUSDT0.0000%8h93.620+0.203%$16.7M$34.3M25xas long as short
GRVT CRCL_USDT_Perp0.0000%8h93.950+0.557%$62K$1.1M10xas long as short
Phemex CRCLUSDT0.0000%4h93.670+0.257%$1.0M$49K10xas long as short
Lighter RH CRCL+0.0032%1h93.628+0.212%$979K$3.0M10xas long as short
Aftermath Perps CRCLUSD+0.0037%1h93.831+0.430%$2K$22K5xas long as short
QFEX CRCL-USD+0.0042%1h93.600+0.182%$1.3M$2.5M10xas long as short
Vest CRCL-USD-PERPlong+0.0046%1h93.430long leg$37K25x
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CRCL+0.0050%1h93.548+0.126%$71.5M$40.9M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h93.554+0.133%$362K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h93.640+0.225%$47K$3K10xas long as short
Ondo Perps CRCL-USD.Pshort+0.0050%1h93.610+0.193%$1.0M$5.7M10x
Variational Omni CRCL+0.0078%8h93.978+0.586%$2.5M$3.1Mas long as short
Paradex CRCL-USD-PERP+0.0098%8h93.602+0.184%$768$7405xas long as short
Pacifica CRCL+0.0100%1h93.627+0.211%$75K$96K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h93.620+0.203%$2.9M$1.9M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h93.750+0.343%$69K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h93.560+0.139%$933$3K10xas long as short
Aevo CRCL-PERP+0.0104%1h93.649+0.235%$410xas long as short
OKX CRCL-USDT-SWAP+0.0125%8h93.540+0.118%$22.6M$58.6M50xas long as short
Binance CRCLUSDT+0.0141%8h93.592+0.173%$108.0M$385.5M50xas long as short
Extended CRCL_24_5-USD+0.0144%1h93.587+0.168%$1.1M$5.7M10xas long as short
Aster CRCLUSDT+0.0145%8h93.616+0.199%$1.1M$4.9M20xas long as short
Nado CRCL-PERP+0.0233%1h93.533+0.110%$155K$89K3xas long as short
BloFin CRCL-USDT+0.0267%8h93.750+0.343%$1.1M$574K20xas long as short
Phoenix CRCL+0.0296%1h93.980+0.589%$28K$92K10xas long as short
Lighter CRCL+0.0328%1h93.643+0.228%$3.0M$2.3M10xas long as short
Injective CRCL/USDC PERP+0.0440%1h94.410+1.049%$5K$19K30xas long as short
Arcus CRCL-USD+0.0521%1h93.790+0.385%$96K$271K10xas long as short
RISEx CRCL/USDC+0.0677%1h93.603+0.185%$428K$297K10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0712%1h93.620+0.203%$4K$769K10xas long as short
edgeX CRCLUSDC+0.0940%4h93.809+0.406%$24K$268K10xas long as short