Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Orderly against Pacifica−0.007%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	91.566	0.0100	pay 0.0013% / 1h	47m 09s	$134K	$162K	10x
Short	Orderly PERP_CRCL_USDC_mythos	91.560	0.0100	get 0.0100% / 8h	2h 47m	$913	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → 0.000%: −$0.68
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.68
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 47 min ago; Orderly: 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 Pacifica live order book, 47 min ago	6.53 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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 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	−0.0751%	8h	91.620	+0.059%	$16.7M	$36.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0069%	1h	91.310	−0.280%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.560	−0.007%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.600	+0.037%	$7.4M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.669	+0.112%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.590	+0.026%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0024%	8h	91.601	+0.038%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.579	+0.014%	$974K	$2.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0032%	1h	91.541	−0.027%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0035%	8h	91.560	−0.007%	$104.3M	$393.6M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.600	+0.037%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	91.553	−0.014%	$2K	$26K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.551	−0.017%	$383K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.542	−0.026%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.540	−0.029%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.560	−0.007%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.400	−0.182%	$911K	$521K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0076%	1h	91.526	−0.044%	$68.1M	$42.9M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0078%	1h	91.540	−0.029%	$4K	$768K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0095%	8h	91.570	+0.004%	$421	$905	5x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.566	long leg	$134K	$162K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.570	+0.004%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.600	+0.037%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythosshort	+0.0100%	8h	91.560	−0.007%	$913	$2K	10x
Aevo CRCL-PERP	+0.0104%	1h	91.552	−0.016%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0110%	8h	91.680	+0.124%	$62K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0116%	8h	91.580	+0.015%	$22.2M	$61.9M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.570	+0.004%	$417K	$295K	10x	as long as short
BloFin CRCL-USDT	+0.0139%	8h	91.630	+0.070%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.658	+0.100%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0304%	1h	91.579	+0.014%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0348%	1h	91.555	−0.012%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.050	+0.528%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0927%	4h	91.615	+0.054%	$52K	$278K	10x	as long as short