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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0073%/8h= +7.9% APRnext payment +$0.73 per $10,000 · paid last 24h −0.059%
Price spread now: Paradex against BloFin−0.032%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding pays, the price is against you. Paradex is 0.032% cheaper against BloFin than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 35 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CRCL-USDT91.8900.0059pay 0.0059% / 8h3h 39m$1.1M$1.6M20x
ShortParadex CRCL-USD-PERP91.8600.0132get 0.0132% / 8h3h 39m$423$9055x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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
$15.25
Price spread: −0.032% → 0.000%
−$3.22
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$3.97
Costs to cover
0.160%
Break-even
8.8 days
Slippage unknown: BloFin: live order book, 3 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 3 min ago0.54 bp6.7 bp −$711.0 bp −$11035.6 bp −$3,559doesn't fit
Sell Paradex no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CRCLUSDT−0.0709%8h91.920+0.033%$16.8M$35.5M25xas long as short
Vest CRCL-USD-PERP−0.0067%1h91.610−0.305%$31K25xas long as short
Bybit CRCLUSDT0.0000%8h91.880−0.011%$14.9M$26.5M50xas long as short
Gate CRCL_USDT0.0000%8h91.930+0.044%$7.3M$27.3M50xas long as short
Variational Omni CRCL0.0000%8h91.849−0.045%$2.4M$3.2Mas long as short
Phemex CRCLUSDT0.0000%4h91.840−0.054%$1.0M$48K10xas long as short
Aster CRCLUSDT+0.0008%8h91.863−0.029%$1.1M$5.0M20xas long as short
Binance CRCLUSDT+0.0015%8h91.860−0.033%$104.6M$391.4M50xas long as short
Extended CRCL_24_5-USD+0.0016%1h91.834−0.061%$1.2M$5.7M10xas long as short
Aftermath Perps CRCLUSD+0.0039%1h91.861−0.032%$2K$25K5xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH CRCL+0.0040%1h91.861−0.032%$973K$2.9M10xas long as short
Arcus CRCL-USD+0.0040%1h91.850−0.044%$93K$272K10xas long as short
Coinbase International CRCL-PERP-INTX+0.0048%1h91.8900.000%$907K$510K10xas long as short
tradeXYZ xyz:CRCL+0.0050%1h91.773−0.127%$68.1M$41.7M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h91.840−0.054%$358K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h91.838−0.057%$46K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h91.680−0.229%$1.0M$5.1M10xas long as short
BloFin CRCL-USDTlong+0.0059%8h91.890long leg$1.1M$1.6M20x
QFEX CRCL-USD+0.0060%1h91.870−0.022%$1.3M$1.9M10xas long as short
GRVT CRCL_USDT_Perp+0.0065%8h91.870−0.022%$70K$1.1M10xas long as short
OKX CRCL-USDT-SWAP+0.0079%8h91.880−0.011%$22.3M$61.6M50xas long as short
Pacifica CRCL+0.0100%1h91.864−0.028%$134K$159K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.810−0.087%$2.7M$1.9M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h91.920+0.033%$68K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.800−0.098%$915$2K10xas long as short
Aevo CRCL-PERP+0.0104%1h91.842−0.052%$410xas long as short
RISEx CRCL/USDC+0.0107%1h91.888−0.002%$418K$299K10xas long as short
Paradex CRCL-USD-PERPshort+0.0132%8h91.860−0.032%$423$9055x
Phoenix CRCL+0.0182%1h91.905+0.016%$27K$82K10xas long as short
Lighter CRCL+0.0312%1h91.866−0.026%$3.0M$2.4M10xas long as short
Nado CRCL-PERP+0.0372%1h91.766−0.135%$134K$106K3xas long as short
edgeX CRCLUSDC+0.0426%4h91.799−0.099%$51K$275K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.290+0.435%$5K$19K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0731%1h91.840−0.054%$4K$768K10xas long as short