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Funding arb /

CRCL

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 18:00 UTC+0.0395%/8h
paid, last 24h+0.039%paid, last 4 days+0.040%to open and closeno order book
Long on OrderlyShort on Deribit
The current rate is far above what this pair has been paying: over the last 4 days it paid 0.040% in total (about 3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_CRCL_USDC_mythos94.1000.0100pay 0.0100% / 8h6h 28m$938$3K10x
ShortDeribit CRCL_USDC-PERPETUAL94.0800.0495get 0.0062% / 1h28m 04s$4K$802K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$82.87
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$69.87
Break-even
1.1 days
Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 7 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.021%
Avg gap 7d
—
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample—————
Sell Deribit live order book, 7 min ago5.83 bp9.3 bp −$912.1 bp −$121doesn't fitdoesn't fit
Orderly: 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 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate CRCL_USDT0.0000%8h$7.1M$25.9M50xas long as short
Phemex CRCLUSDT0.0000%4h$1.0M$45K10xas long as short
Lighter RH CRCL+0.0032%1h$792K$2.7M10xas long as short
Vest CRCL-USD-PERP+0.0046%1h—$45K25xas long as short
Polymarket Perps CRCL-USD+0.0050%1h$354K$1.0M10xas long as short
SoDEX CRCL-USD+0.0050%1h$47K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h$1.1M$5.7M10xas long as short
QFEX CRCL-USD+0.0067%1h$1.4M$2.6M10xas long as short
Paradex CRCL-USD-PERP+0.0090%8h$715$4285xas long as short
Coinbase International CRCL-PERP-INTX+0.0096%1h$939K$789K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Variational Omni CRCL+0.0097%8h$2.5M$3.2M—as long as short
Pacifica CRCL+0.0100%1h$75K$95K10xas long as short
ApeX Omni CRCLUSDT+0.0100%1h$69K$5K50xas long as short
Orderly PERP_CRCL_USDC_mythoslong+0.0100%8h$938$3K10x
Aevo CRCL-PERP+0.0104%1h$4—10xas long as short
Bybit CRCLUSDT+0.0119%8h$15.6M$23.6M50xas long as short
tradeXYZ xyz:CRCL+0.0129%1h$71.2M$40.0M10xas long as short
RISEx CRCL/USDC+0.0140%1h$406K$316K10xas long as short
Aster CRCLUSDT+0.0141%8h$1.1M$4.6M20xas long as short
Extended CRCL_24_5-USD+0.0160%1h$1.2M$3.2M10xas long as short
Binance CRCLUSDT+0.0160%8h$107.2M$360.4M50xas long as short
OKX CRCL-USDT-SWAP+0.0232%8h$22.7M$56.2M50xas long as short
Phoenix CRCL+0.0263%1h$28K$92K10xas long as short
BloFin CRCL-USDT+0.0282%8h$1.1M$588K20xas long as short
KuCoin CRCLUSDTM+0.0294%8h$2.9M$1.5M20xas long as short
Lighter CRCL+0.0296%1h$2.9M$2.0M10xas long as short
Bitget CRCLUSDT+0.0310%8h$16.7M$33.3M25xas long as short
Nado CRCL-PERP+0.0327%1h$131K$67K3xas long as short
Aftermath Perps CRCLUSD+0.0361%1h$2K$14K5xas long as short
edgeX CRCLUSDC+0.0397%4h$24K$266K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h$5K$58K30xas long as short
Deribit CRCL_USDC-PERPETUALshort+0.0495%1h$4K$802K10x
Arcus CRCL-USD+0.0586%1h$104K$252K10xas long as short