Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.003%

Price spread now: Binance against Pacifica+0.004%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	94.480	0.0100	pay 0.0013% / 1h	45m 33s	$76K	$99K	10x
Short	Binance CRCLUSDT	94.484	0.0132	get 0.0132% / 8h	1h 45m	$108.5M	$388.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now +0.004%Rate

Funding earned: $6.65
Price spread: +0.004% → 0.000%: $0.41
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.94
Costs to cover: 0.180%
Break-even: 18.5 days

Slippage unknown: Pacifica: no order-book sample; Binance: live order book, 13 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.53 bp	7.5 bp −$8	14.0 bp −$140	43.8 bp −$4,383	178.7 bp −$89.3K

Pacifica: 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
Gate CRCL_USDT	0.0000%	8h	94.490	+0.011%	$7.2M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.420	−0.064%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.440	−0.042%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.390	−0.095%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0046%	1h	94.403	−0.082%	$2K	$19K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.462	−0.019%	$362K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.379	−0.107%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.300	−0.191%	$1.1M	$5.8M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0056%	8h	94.380	−0.106%	$50K	$1.2M	10x	as long as short
Variational Omni CRCL	+0.0066%	8h	94.407	−0.077%	$2.5M	$3.2M	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	94.290	−0.201%	$938K	$742K	10x	as long as short
Bybit CRCLUSDT	+0.0081%	8h	94.510	+0.032%	$15.5M	$25.9M	50x	as long as short
Pacifica CRCLlong	+0.0100%	1h	94.480	long leg	$76K	$99K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	94.440	−0.042%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.260	−0.233%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.400	−0.085%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.426	−0.057%	$4	—	10x	as long as short
Extended CRCL_24_5-USD	+0.0128%	1h	94.453	−0.029%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDTshort	+0.0132%	8h	94.484	+0.004%	$108.5M	$388.4M	50x
Lighter RH CRCL	+0.0136%	1h	94.507	+0.029%	$891K	$2.9M	10x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.475	−0.005%	$431K	$310K	10x	as long as short
Aster CRCLUSDT	+0.0160%	8h	94.432	−0.051%	$1.1M	$4.8M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0173%	8h	94.487	+0.007%	$775	$740	5x	as long as short
Phoenix CRCL	+0.0212%	1h	94.337	−0.151%	$28K	$92K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	94.480	0.000%	$97K	$275K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0219%	8h	94.520	+0.042%	$22.8M	$60.5M	50x	as long as short
BloFin CRCL-USDT	+0.0245%	8h	94.360	−0.127%	$1.1M	$580K	20x	as long as short
tradeXYZ xyz:CRCL	+0.0262%	1h	94.482	+0.002%	$70.8M	$42.9M	10x	as long as short
Nado CRCL-PERP	+0.0327%	1h	94.452	−0.030%	$127K	$74K	3x	as long as short
Bitget CRCLUSDT	+0.0327%	8h	94.500	+0.021%	$16.7M	$35.1M	25x	as long as short
Lighter CRCL	+0.0384%	1h	94.563	+0.088%	$3.1M	$2.2M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.850	+0.392%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0492%	1h	94.420	−0.064%	$4K	$771K	10x	as long as short
edgeX CRCLUSDC	+0.0684%	4h	94.406	−0.078%	$24K	$268K	10x	as long as short