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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRnext payment $0.06 per $10,000 · paid last 24h −0.004%
Price spread now: SoDEX against Pacifica−0.139%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.139% cheaper against Pacifica than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica CRCL91.9800.0100pay 0.0013% / 1h36m 41s$129K$154K10x
ShortSoDEX CRCL-USD91.8520.0050get 0.0006% / 1h36m 41s$46K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
−$10.5
Price spread: −0.139% → 0.000%
−$13.92
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$40.42
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 12 min ago; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 12 min ago25.99 bp35.7 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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
Bitget CRCLUSDT−0.0361%8h92.120+0.152%$16.0M$35.3M25xas long as short
Coinbase International CRCL-PERP-INTX−0.0008%1h91.650−0.359%$912K$584K10xas long as short
Bybit CRCLUSDT0.0000%8h91.990+0.011%$15.1M$25.8M50xas long as short
RISEx CRCL/USDC0.0000%1h92.017+0.040%$420K$299K10xas long as short
Gate CRCL_USDT0.0000%8h92.100+0.130%$7.2M$26.4M50xas long as short
GRVT CRCL_USDT_Perp0.0000%8h91.790−0.207%$61K$1.1M10xas long as short
Phemex CRCLUSDT0.0000%4h91.860−0.130%$1.0M$49K10xas long as short
Variational Omni CRCL+0.0004%8h91.891−0.097%$2.5M$3.2Mas long as short
Vest CRCL-USD-PERP+0.0005%1h91.710−0.294%$37K25xas long as short
Aftermath Perps CRCLUSD+0.0026%1h91.985+0.006%$2K$22K5xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH CRCL+0.0032%1h91.984+0.004%$978K$2.9M10xas long as short
Arcus CRCL-USD+0.0040%1h91.900−0.087%$93K$273K10xas long as short
tradeXYZ xyz:CRCL+0.0050%1h91.944−0.039%$69.3M$41.8M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h91.919−0.066%$356K$1.1M10xas long as short
SoDEX CRCL-USDshort+0.0050%1h91.852−0.139%$46K$3K10x
Ondo Perps CRCL-USD.P+0.0050%1h91.850−0.141%$1.0M$5.5M10xas long as short
QFEX CRCL-USD+0.0057%1h92.000+0.022%$1.3M$2.4M10xas long as short
Binance CRCLUSDT+0.0078%8h91.9800.000%$105.0M$393.6M50xas long as short
OKX CRCL-USDT-SWAP+0.0078%8h92.030+0.054%$21.7M$60.2M50xas long as short
Extended CRCL_24_5-USD+0.0080%1h91.989+0.010%$1.1M$5.7M10xas long as short
Aster CRCLUSDT+0.0081%8h91.997+0.018%$1.1M$4.9M20xas long as short
Paradex CRCL-USD-PERP+0.0084%8h92.039+0.064%$755$7405xas long as short
Pacifica CRCLlong+0.0100%1h91.980long leg$129K$154K10x
KuCoin CRCLUSDTM+0.0100%8h92.020+0.043%$2.9M$1.9M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h91.780−0.217%$67K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.850−0.141%$916$3K10xas long as short
Aevo CRCL-PERP+0.0104%1h91.861−0.129%$410xas long as short
Nado CRCL-PERP+0.0181%1h91.942−0.041%$131K$103K3xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0186%1h91.860−0.130%$4K$769K10xas long as short
Lighter CRCL+0.0200%1h92.015+0.038%$3.0M$2.4M10xas long as short
BloFin CRCL-USDT+0.0222%8h92.330+0.381%$1.1M$1.1M20xas long as short
Phoenix CRCL+0.0231%1h91.730−0.272%$27K$92K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.270+0.315%$5K$19K30xas long as short
edgeX CRCLUSDC+0.0565%4h91.735−0.266%$23K$267K10xas long as short