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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.025%
Price spread now: Extended against Pacifica−0.085%7-day average · you buy dearer than you sell
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 7 days+0.086%+$9 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · Extended: Active · farm boardneeds both histories
Funding pays, the price is against you. Extended is 0.085% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.086% in total) that is about 6.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica CRCL94.7900.0100pay 0.0013% / 1h41m 55s$76K$99K10x
ShortExtended CRCL_24_5-USD94.7090.0192get 0.0024% / 1h41m 55s$1.1M$3.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$19.32
Price spread: −0.085% → 0.000%
−$8.51
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$2.19
Costs to cover
0.130%
Break-even
7.8 days
Slippage unknown: Pacifica: no order-book sample; Extended: live order book, 2 min ago. 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 Pacifica no order-book sample
Sell Extended live order book, 2 min ago0.05 bp5.1 bp −$525.1 bp −$251doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate CRCL_USDT0.0000%8h94.750−0.042%$7.2M$27.6M50xas long as short
Phemex CRCLUSDT0.0000%4h94.770−0.021%$1.0M$51K10xas long as short
QFEX CRCL-USD+0.0022%1h94.820+0.032%$1.4M$2.8M10xas long as short
Coinbase International CRCL-PERP-INTX+0.0032%1h94.630−0.169%$941K$724K10xas long as short
Vest CRCL-USD-PERP+0.0046%1h94.760−0.032%$45K25xas long as short
SoDEX CRCL-USD+0.0050%1h94.694−0.101%$48K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h94.720−0.074%$1.1M$5.9M10xas long as short
Aftermath Perps CRCLUSD+0.0052%1h94.715−0.079%$2K$21K5xas long as short
Polymarket Perps CRCL-USD+0.0061%1h94.732−0.061%$367K$1.1M10xas long as short
Lighter RH CRCL+0.0080%1h94.742−0.051%$894K$2.9M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CRCLlong+0.0100%1h94.790long leg$76K$99K10x
KuCoin CRCLUSDTM+0.0100%8h94.720−0.074%$3.0M$1.8M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h94.720−0.074%$70K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h94.750−0.042%$945$3K10xas long as short
Bybit CRCLUSDT+0.0102%8h94.720−0.074%$15.6M$25.9M50xas long as short
Aevo CRCL-PERP+0.0104%1h94.728−0.066%$410xas long as short
Variational Omni CRCL+0.0122%8h94.663−0.134%$2.5M$3.1Mas long as short
Paradex CRCL-USD-PERP+0.0134%8h94.830+0.042%$778$7405xas long as short
GRVT CRCL_USDT_Perp+0.0165%8h94.850+0.064%$62K$1.1M10xas long as short
Binance CRCLUSDT+0.0192%8h94.728−0.066%$109.5M$390.0M50xas long as short
Extended CRCL_24_5-USDshort+0.0192%1h94.709−0.085%$1.1M$3.8M10x
Aster CRCLUSDT+0.0203%8h94.764−0.027%$1.1M$4.9M20xas long as short
OKX CRCL-USDT-SWAP+0.0206%8h94.720−0.074%$22.9M$60.7M50xas long as short
edgeX CRCLUSDC+0.0223%4h94.814+0.025%$24K$269K10xas long as short
tradeXYZ xyz:CRCL+0.0266%1h94.667−0.130%$71.1M$42.9M10xas long as short
Phoenix CRCL+0.0288%1h94.878+0.093%$28K$92K10xas long as short
Nado CRCL-PERP+0.0305%1h94.662−0.136%$127K$73K3xas long as short
BloFin CRCL-USDT+0.0306%8h94.830+0.042%$1.1M$595K20xas long as short
Bitget CRCLUSDT+0.0316%8h94.730−0.063%$16.9M$35.4M25xas long as short
Lighter CRCL+0.0440%1h94.739−0.054%$3.1M$2.2M10xas long as short
Injective CRCL/USDC PERP+0.0440%1h95.560+0.812%$5K$19K30xas long as short
Arcus CRCL-USD+0.0533%1h94.830+0.042%$97K$275K10xas long as short
RISEx CRCL/USDC+0.0534%1h94.830+0.042%$433K$312K10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0701%1h94.740−0.053%$4K$772K10xas long as short