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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h +0.006%
Price spread now: SoDEX against Vest+0.142%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 +$1 a day on $10k at the current rate, and SoDEX is 0.142% dearer against Vest than usual: you sell high and buy low: +$14 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-PERP91.6300.0007pay 0.0001% / 1h38m 04s$37K25x
ShortSoDEX CRCL-USD91.7600.0050get 0.0006% / 1h38m 04s$46K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$9.02
Price spread: +0.142% → 0.000%
$14.19
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$13.21
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; SoDEX: 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 SoDEX no order-book sample
Vest and SoDEX: 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−0.0270%8h91.870+0.262%$16.0M$35.4M25xas long as short
Coinbase International CRCL-PERP-INTX−0.0008%1h91.650+0.022%$912K$584K10xas long as short
Bybit CRCLUSDT0.0000%8h91.880+0.273%$15.1M$25.8M50xas long as short
RISEx CRCL/USDC0.0000%1h91.876+0.268%$420K$301K10xas long as short
Gate CRCL_USDT0.0000%8h91.790+0.175%$7.2M$26.3M50xas long as short
GRVT CRCL_USDT_Perp0.0000%8h91.910+0.306%$68K$1.1M10xas long as short
Deribit CRCL_USDC-PERPETUAL0.0000%1h91.780+0.164%$4K$769K10xas long as short
Phemex CRCLUSDT0.0000%4h91.810+0.196%$1.0M$49K10xas long as short
Variational Omni CRCL+0.0004%8h91.891+0.285%$2.5M$3.2Mas long as short
Vest CRCL-USD-PERPlong+0.0007%1h91.630long leg$37K25x
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps CRCLUSD+0.0027%1h92.020+0.425%$2K$22K5xas long as short
Lighter RH CRCL+0.0032%1h91.837+0.226%$975K$2.9M10xas long as short
Arcus CRCL-USD+0.0040%1h91.880+0.273%$93K$272K10xas long as short
tradeXYZ xyz:CRCL+0.0050%1h91.766+0.148%$69.2M$41.7M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h91.845+0.235%$355K$1.1M10xas long as short
SoDEX CRCL-USDshort+0.0050%1h91.760+0.142%$46K$3K10x
Ondo Perps CRCL-USD.P+0.0050%1h91.760+0.142%$1.0M$5.5M10xas long as short
QFEX CRCL-USD+0.0057%1h91.840+0.229%$1.3M$2.4M10xas long as short
Extended CRCL_24_5-USD+0.0080%1h91.813+0.200%$1.1M$5.7M10xas long as short
Aster CRCLUSDT+0.0082%8h91.853+0.243%$1.1M$4.9M20xas long as short
Binance CRCLUSDT+0.0082%8h91.860+0.251%$104.8M$393.4M50xas long as short
OKX CRCL-USDT-SWAP+0.0083%8h91.880+0.273%$21.6M$60.2M50xas long as short
Paradex CRCL-USD-PERP+0.0085%8h91.854+0.244%$753$7405xas long as short
Pacifica CRCL+0.0100%1h91.860+0.251%$129K$154K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.880+0.273%$2.9M$1.9M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h92.210+0.633%$68K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.820+0.207%$915$3K10xas long as short
Aevo CRCL-PERP+0.0104%1h91.792+0.177%$410xas long as short
Nado CRCL-PERP+0.0186%1h91.851+0.241%$131K$103K3xas long as short
Lighter CRCL+0.0192%1h91.833+0.222%$3.0M$2.4M10xas long as short
BloFin CRCL-USDT+0.0222%8h92.330+0.764%$1.1M$1.1M20xas long as short
Phoenix CRCL+0.0231%1h91.923+0.320%$27K$92K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.270+0.698%$5K$19K30xas long as short
edgeX CRCLUSDC+0.0628%4h92.314+0.747%$23K$267K10xas long as short