Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0163%/8h= +17.9% APRpaid last 24h +0.014%

Price spread now: Paradex against Vest+0.285%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 Paradex

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 · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Paradex is 0.285% dearer against Vest than usual: you sell high and buy low: +$28 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	91.310	−0.0069	get 0.0009% / 1h	47m 30s	—	$31K	25x
Short	Paradex CRCL-USD-PERP	91.570	0.0095	get 0.0095% / 8h	2h 47m	$421	$905	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.285%Rate

Funding earned: $34.3
Price spread: +0.285% → 0.000%: $28.46
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Paradex: 2 bp × 2 orders: −$4
Net: $56.76
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Vest no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Vest and Paradex: 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	−0.0751%	8h	91.630	+0.350%	$16.7M	$36.1M	25x	as long as short
Vest CRCL-USD-PERPlong	−0.0069%	1h	91.310	long leg	—	$31K	25x
Bybit CRCLUSDT	0.0000%	8h	91.560	+0.274%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.590	+0.307%	$7.4M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.669	+0.393%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.660	+0.383%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0024%	8h	91.595	+0.312%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.610	+0.329%	$975K	$2.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0032%	1h	91.535	+0.246%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0035%	8h	91.560	+0.274%	$104.3M	$393.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.600	+0.318%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0043%	1h	91.624	+0.344%	$2K	$26K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.640	+0.361%	$384K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.632	+0.353%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.540	+0.252%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.560	+0.274%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.400	+0.099%	$911K	$521K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0078%	1h	91.553	+0.266%	$68.1M	$42.9M	10x	as long as short
Paradex CRCL-USD-PERPshort	+0.0095%	8h	91.570	+0.285%	$421	$905	5x
Pacifica CRCL	+0.0100%	1h	91.566	+0.281%	$134K	$162K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.590	+0.307%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.600	+0.318%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.660	+0.383%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.650	+0.372%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0110%	8h	91.680	+0.405%	$62K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0116%	8h	91.590	+0.307%	$22.2M	$61.9M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.570	+0.285%	$417K	$295K	10x	as long as short
BloFin CRCL-USDT	+0.0138%	8h	91.620	+0.340%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.658	+0.381%	$27K	$82K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0296%	1h	91.640	+0.361%	$4K	$768K	10x	as long as short
Lighter CRCL	+0.0304%	1h	91.602	+0.320%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0348%	1h	91.555	+0.268%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.050	+0.810%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0927%	4h	91.615	+0.334%	$52K	$278K	10x	as long as short