Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.003%

Price spread now: Aevo against Paradex−0.076%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Aevo is 0.076% cheaper against Paradex than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CRCL-USD-PERP	92.165	0.0083	pay 0.0083% / 8h	6h 34m	$756	$740	5x
Short	Aevo CRCL-PERP	92.094	0.0104	get 0.0013% / 1h	34m 32s	$4	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.076%Rate

Funding earned: $4.5
Price spread: −0.076% → 0.000%: −$7.63
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$23.13
Costs to cover: 0.200%
Break-even: 43.0 days

Slippage unknown: Paradex: no order-book sample; Aevo: 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Paradex and Aevo: 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	−0.0424%	8h	92.180	+0.017%	$16.0M	$35.3M	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.990	−0.190%	$916K	$586K	10x	as long as short
Vest CRCL-USD-PERP	−0.0002%	1h	91.870	−0.320%	—	$37K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.140	−0.027%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.124	−0.045%	$421K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.160	−0.005%	$7.2M	$26.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.051	−0.124%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.790	−0.407%	$61K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.000	−0.179%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0026%	1h	92.008	−0.170%	$2K	$23K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.181	+0.018%	$980K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.000	−0.179%	$93K	$272K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.076	−0.096%	$69.4M	$41.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.080	−0.092%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.082	−0.090%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.850	−0.341%	$1.0M	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.100	−0.070%	$1.3M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0076%	1h	92.100	−0.070%	$4K	$769K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0076%	8h	92.120	−0.049%	$21.7M	$60.3M	50x	as long as short
Binance CRCLUSDT	+0.0079%	8h	92.100	−0.070%	$105.1M	$392.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	92.099	−0.072%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0082%	8h	92.114	−0.055%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERPlong	+0.0083%	8h	92.165	long leg	$756	$740	5x
Pacifica CRCL	+0.0100%	1h	92.127	−0.041%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.100	−0.070%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.890	−0.298%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.050	−0.124%	$918	$3K	10x	as long as short
Aevo CRCL-PERPshort	+0.0104%	1h	92.094	−0.076%	$4	—	10x
Nado CRCL-PERP	+0.0168%	1h	92.094	−0.077%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0208%	1h	92.183	+0.020%	$3.0M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	+0.179%	$1.1M	$1.1M	20x	as long as short
Phoenix CRCL	+0.0231%	1h	91.730	−0.472%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.370	+0.223%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0565%	4h	91.735	−0.466%	$23K	$267K	10x	as long as short