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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.012%
Price spread now: Aevo against Coinbase International+0.086%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.086% dearer against Coinbase International than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International CRCL-PERP-INTX91.8900.0048pay 0.0006% / 1h43m 04s$907K$510K10x
ShortAevo CRCL-PERP91.9690.0104get 0.0013% / 1h43m 04s$410x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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
$11.76
Price spread: +0.086% → 0.000%
$8.59
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$5.65
Costs to cover
0.260%
Break-even
10.4 days
Slippage unknown: Coinbase International: live order book, 10 min ago; Aevo: 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 Coinbase International live order book, 10 min ago4.88 bp9.9 bp −$1014.7 bp −$147doesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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−0.0697%8h92.010+0.131%$16.8M$35.5M25xas long as short
Vest CRCL-USD-PERP−0.0067%1h91.730−0.174%$31K25xas long as short
Bybit CRCLUSDT0.0000%8h91.930+0.044%$14.9M$26.5M50xas long as short
Gate CRCL_USDT0.0000%8h92.050+0.174%$7.3M$27.3M50xas long as short
Variational Omni CRCL0.0000%8h91.979+0.097%$2.4M$3.2Mas long as short
Phemex CRCLUSDT0.0000%4h92.000+0.120%$1.0M$48K10xas long as short
Aster CRCLUSDT+0.0009%8h91.993+0.112%$1.1M$5.0M20xas long as short
Binance CRCLUSDT+0.0015%8h91.930+0.044%$104.7M$390.9M50xas long as short
Extended CRCL_24_5-USD+0.0016%1h91.905+0.016%$1.2M$5.7M10xas long as short
Aftermath Perps CRCLUSD+0.0039%1h91.950+0.065%$2K$25K5xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus CRCL-USD+0.0040%1h91.930+0.044%$93K$272K10xas long as short
Coinbase International CRCL-PERP-INTXlong+0.0048%1h91.890long leg$907K$510K10x
tradeXYZ xyz:CRCL+0.0050%1h91.860−0.033%$68.2M$41.8M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h91.934+0.048%$359K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h91.965+0.082%$46K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h91.900+0.011%$1.0M$5.2M10xas long as short
Lighter RH CRCL+0.0056%1h91.999+0.119%$975K$2.9M10xas long as short
BloFin CRCL-USDT+0.0059%8h92.050+0.174%$1.1M$1.6M20xas long as short
QFEX CRCL-USD+0.0060%1h91.980+0.098%$1.3M$1.9M10xas long as short
GRVT CRCL_USDT_Perp+0.0072%8h91.949+0.064%$70K$1.1M10xas long as short
OKX CRCL-USDT-SWAP+0.0074%8h91.950+0.065%$22.3M$61.6M50xas long as short
Pacifica CRCL+0.0100%1h91.967+0.084%$135K$159K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.950+0.065%$2.7M$1.9M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h91.900+0.011%$68K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.970+0.087%$917$2K10xas long as short
Aevo CRCL-PERPshort+0.0104%1h91.969+0.086%$410x
RISEx CRCL/USDC+0.0107%1h91.976+0.094%$418K$299K10xas long as short
Paradex CRCL-USD-PERP+0.0129%8h91.944+0.059%$423$9055xas long as short
Phoenix CRCL+0.0182%1h91.939+0.053%$27K$82K10xas long as short
Lighter CRCL+0.0280%1h92.005+0.125%$3.0M$2.4M10xas long as short
Nado CRCL-PERP+0.0371%1h91.895+0.006%$134K$106K3xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.360+0.511%$5K$19K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0512%1h91.970+0.087%$4K$768K10xas long as short
edgeX CRCLUSDC+0.0529%4h92.039+0.162%$51K$277K10xas long as short