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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h +0.006%
Price spread now: SoDEX against Coinbase International+0.121%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SoDEX is 0.121% dearer against Coinbase International than usual: you sell high and buy low: +$12 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-INTX91.9900.0016pay 0.0002% / 1h7m 56s$908K$491K10x
ShortSoDEX CRCL-USD92.1010.0050get 0.0006% / 1h7m 56s$46K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$7.14
Price spread: +0.121% → 0.000%
$12.07
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$1.21
Costs to cover
0.180%
Break-even
5.8 days
Slippage unknown: Coinbase International: live order book, 50 min ago; 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 Coinbase International live order book, 50 min ago5.44 bp10.4 bp −$1016.3 bp −$163doesn't fitdoesn't fit
Sell SoDEX no order-book sample
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−0.0885%8h92.170+0.196%$16.6M$35.2M25xas long as short
Vest CRCL-USD-PERP−0.0069%1h91.870−0.130%$31K25xas long as short
Aster CRCLUSDT0.0000%8h92.049+0.064%$1.1M$5.0M20xas long as short
Extended CRCL_24_5-USD0.0000%1h92.104+0.124%$1.1M$5.7M10xas long as short
Binance CRCLUSDT0.0000%8h92.141+0.164%$104.9M$390.1M50xas long as short
Bybit CRCLUSDT0.0000%8h92.120+0.141%$14.9M$26.4M50xas long as short
RISEx CRCL/USDC0.0000%1h92.140+0.163%$419K$299K10xas long as short
Gate CRCL_USDT0.0000%8h92.180+0.207%$7.3M$27.4M50xas long as short
Variational Omni CRCL0.0000%8h92.128+0.150%$2.5M$3.2Mas long as short
Phemex CRCLUSDT0.0000%4h92.130+0.152%$1.0M$49K10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CRCL_USDT_Perp+0.0008%8h92.126+0.147%$64K$1.1M10xas long as short
Coinbase International CRCL-PERP-INTXlong+0.0016%1h91.990long leg$908K$491K10x
QFEX CRCL-USD+0.0028%1h92.140+0.163%$1.3M$2.0M10xas long as short
Lighter RH CRCL+0.0032%1h92.130+0.152%$976K$2.9M10xas long as short
Aftermath Perps CRCLUSD+0.0037%1h92.070+0.087%$2K$25K5xas long as short
OKX CRCL-USDT-SWAP+0.0039%8h92.150+0.174%$22.3M$61.5M50xas long as short
Arcus CRCL-USD+0.0040%1h92.060+0.076%$94K$273K10xas long as short
tradeXYZ xyz:CRCL+0.0050%1h92.047+0.062%$68.6M$41.7M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h92.082+0.100%$359K$1.1M10xas long as short
SoDEX CRCL-USDshort+0.0050%1h92.101+0.121%$46K$3K10x
Ondo Perps CRCL-USD.P+0.0050%1h92.030+0.043%$1.0M$5.2M10xas long as short
Pacifica CRCL+0.0100%1h92.110+0.130%$135K$159K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h92.080+0.098%$2.7M$1.9M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h92.030+0.043%$68K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h92.090+0.109%$918$2K10xas long as short
Aevo CRCL-PERP+0.0104%1h92.101+0.120%$410xas long as short
Paradex CRCL-USD-PERP+0.0116%8h92.114+0.135%$424$9055xas long as short
BloFin CRCL-USDT+0.0120%8h92.190+0.217%$1.1M$1.3M20xas long as short
Phoenix CRCL+0.0148%1h92.044+0.059%$27K$83K10xas long as short
Lighter CRCL+0.0216%1h92.129+0.151%$3.0M$2.4M10xas long as short
Nado CRCL-PERP+0.0314%1h92.046+0.061%$131K$105K3xas long as short
edgeX CRCLUSDC+0.0342%4h92.128+0.150%$51K$275K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.560+0.620%$5K$19K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0728%1h92.100+0.120%$4K$767K10xas long as short