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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.069%
Price spread now: RISEx against Vest+0.291%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 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.291% dearer against Vest than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest CRCL-USD-PERP91.640−0.0061get 0.0008% / 1h13m 33s$31K25x
ShortRISEx CRCL/USDC91.9070.0107get 0.0013% / 1h13m 33s$419K$299K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$35.33
Price spread: +0.291% → 0.000%
$29.15
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee RISEx: 3 bp × 2 orders
−$6
Net
$56.48
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; RISEx: live order book, 40 min ago. 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 RISEx live order book, 40 min ago1.63 bp4.6 bp −$55.2 bp −$52doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CRCLUSDT−0.0679%8h91.930+0.316%$16.6M$35.9M25xas long as short
Vest CRCL-USD-PERPlong−0.0061%1h91.640long leg$31K25x
Bybit CRCLUSDT0.0000%8h91.890+0.273%$14.8M$26.6M50xas long as short
Gate CRCL_USDT0.0000%8h91.940+0.327%$7.3M$27.5M50xas long as short
Variational Omni CRCL0.0000%8h91.919+0.304%$2.5M$3.2Mas long as short
Phemex CRCLUSDT0.0000%4h91.900+0.284%$1.0M$48K10xas long as short
Aster CRCLUSDT+0.0018%8h91.914+0.299%$1.1M$5.0M20xas long as short
Extended CRCL_24_5-USD+0.0024%1h91.864+0.245%$1.2M$5.7M10xas long as short
Binance CRCLUSDT+0.0026%8h91.870+0.251%$104.6M$392.5M50xas long as short
Lighter RH CRCL+0.0032%1h91.884+0.266%$974K$2.9M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps CRCLUSD+0.0039%1h91.872+0.253%$2K$26K5xas long as short
Arcus CRCL-USD+0.0040%1h91.860+0.240%$93K$272K10xas long as short
Coinbase International CRCL-PERP-INTX+0.0048%1h91.770+0.142%$911K$519K10xas long as short
tradeXYZ xyz:CRCL+0.0050%1h91.821+0.198%$68.3M$42.1M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h91.849+0.228%$358K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h91.828+0.205%$46K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h91.780+0.153%$1.0M$5.1M10xas long as short
QFEX CRCL-USD+0.0060%1h91.890+0.273%$1.3M$1.9M10xas long as short
Paradex CRCL-USD-PERP+0.0070%8h91.866+0.247%$423$9055xas long as short
GRVT CRCL_USDT_Perp+0.0091%8h91.950+0.338%$70K$1.1M10xas long as short
OKX CRCL-USDT-SWAP+0.0098%8h91.910+0.295%$22.3M$61.8M50xas long as short
Pacifica CRCL+0.0100%1h91.888+0.271%$135K$159K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.880+0.262%$2.7M$1.9M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h91.850+0.229%$68K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.870+0.251%$916$2K10xas long as short
Aevo CRCL-PERP+0.0104%1h91.847+0.226%$410xas long as short
RISEx CRCL/USDCshort+0.0107%1h91.907+0.291%$419K$299K10x
BloFin CRCL-USDT+0.0107%8h91.930+0.316%$1.1M$1.6M20xas long as short
Phoenix CRCL+0.0182%1h91.884+0.266%$27K$82K10xas long as short
Lighter CRCL+0.0256%1h91.878+0.260%$3.0M$2.4M10xas long as short
Nado CRCL-PERP+0.0353%1h91.806+0.181%$134K$108K3xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.360+0.786%$5K$19K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0513%1h91.850+0.229%$4K$768K10xas long as short
edgeX CRCLUSDC+0.0725%4h91.930+0.316%$51K$277K10xas long as short