Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.031%

Price spread now: Vest against Gate−0.362%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Vest

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.362% cheaper against Gate than usual: you would sell low and buy high (−$36 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRCL_USDT	91.230	0	get 0.0000% / 8h	5h 46m	$7.0M	$26.5M	50x
Short	Vest CRCL-USD-PERP	90.900	−0.0076	pay 0.0009% / 1h	46m 55s	—	$35K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Gate. 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 GatebpFee VestbpOrdersPrice spread, now −0.362%Rate

Funding earned: −$15.89
Price spread: −0.362% → 0.000%: −$36.17
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: −$69.07
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	1.10 bp	10.3 bp −$10	27.3 bp −$273	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CRCLUSDT	−0.1250%	8h	91.260	+0.033%	$15.6M	$34.5M	25x	as long as short
Vest CRCL-USD-PERPshort	−0.0076%	1h	90.900	−0.362%	—	$35K	25x
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.160	−0.077%	$900K	$535K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.240	+0.011%	$14.9M	$25.6M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.177	−0.058%	$416K	$297K	10x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	91.230	long leg	$7.0M	$26.5M	50x
Variational Omni CRCL	0.0000%	8h	91.307	+0.085%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.340	+0.121%	$66K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.180	−0.055%	$1.0M	$49K	10x	as long as short
Extended CRCL_24_5-USD	+0.0008%	1h	91.209	−0.023%	$1.1M	$5.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRCLUSDT	+0.0012%	8h	91.211	−0.021%	$103.7M	$383.8M	50x	as long as short
Aster CRCLUSDT	+0.0017%	8h	91.171	−0.065%	$1.1M	$4.9M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0022%	1h	91.283	+0.058%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.170	−0.066%	$1.3M	$2.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0025%	8h	91.250	+0.022%	$21.4M	$59.0M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.202	−0.031%	$970K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.200	−0.033%	$92K	$272K	10x	as long as short
BloFin CRCL-USDT	+0.0048%	8h	91.190	−0.044%	—	$1.3M	20x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.126	−0.114%	$68.2M	$41.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.144	−0.094%	$354K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.124	−0.116%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.060	−0.186%	$973K	$5.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0069%	8h	91.162	−0.074%	$748	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.196	−0.038%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.260	+0.033%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.050	−0.197%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.150	−0.088%	$909	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.176	−0.059%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	91.079	−0.166%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0198%	1h	91.186	−0.049%	$130K	$104K	3x	as long as short
Lighter CRCL	+0.0264%	1h	91.214	−0.018%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.600	+0.406%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0479%	4h	91.113	−0.128%	$23K	$268K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0628%	1h	91.170	−0.066%	$4K	$767K	10x	as long as short