Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Binance against Bybit+0.032%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.032%, 7d avg −0.034%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.066% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRCLUSDT	91.660	0	get 0.0000% / 8h	4h 37m	$14.9M	$26.3M	50x
Short	Binance CRCLUSDT	91.689	0	get 0.0000% / 8h	4h 37m	$104.6M	$388.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.034%: $6.55
Slippage, 4 orders: −$11.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.95
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 6 min ago.

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 Bybit live order book, 1 min ago	0.55 bp	9.6 bp −$10	18.5 bp −$185	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.55 bp	5.6 bp −$6	10.1 bp −$101	29.1 bp −$2,908	122.4 bp −$61.2K

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	−0.0994%	8h	91.750	+0.098%	$16.3M	$35.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.410	−0.273%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.770	+0.120%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.697	+0.040%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDTshort	0.0000%	8h	91.689	+0.032%	$104.6M	$388.4M	50x
Bybit CRCLUSDTlong	0.0000%	8h	91.660	long leg	$14.9M	$26.3M	50x
RISEx CRCL/USDC	0.0000%	1h	91.710	+0.055%	$417K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.770	+0.120%	$7.2M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.678	+0.020%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.698	+0.041%	$65K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.670	+0.011%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0015%	8h	91.660	0.000%	$22.0M	$60.7M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.600	−0.065%	$904K	$489K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0028%	1h	91.671	+0.012%	$2K	$24K	5x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.690	+0.033%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.753	+0.101%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.690	+0.033%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.643	−0.019%	$68.3M	$41.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.634	−0.028%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.600	−0.065%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.670	+0.011%	$992K	$5.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0088%	8h	91.712	+0.057%	$422	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.690	+0.033%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.680	+0.022%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.510	−0.164%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.660	0.000%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.641	−0.020%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.630	−0.033%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.525	−0.147%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0176%	1h	91.745	+0.093%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0292%	1h	91.673	+0.014%	$130K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.190	+0.578%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0636%	4h	91.626	−0.037%	$51K	$276K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0732%	1h	91.740	+0.087%	$4K	$767K	10x	as long as short