Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.034%

Price spread now: Gate against Polymarket Perps+0.109%7-day average +0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 7 days+0.032%+$3 · spread now +0.109%, 7d avg +0.138%

Together, before fees+0.214%+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.030% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.138%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.183%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	91.880	0.0050	pay 0.0006% / 1h	16m 09s	$358K	$1.1M	10x
Short	Gate CRCL_USDT	91.980	0	get 0.0000% / 8h	3h 16m	$7.3M	$27.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Polymarket Perps. 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 Polymarket PerpsbpFee GatebpOrdersPrice spread, now +0.109%Rate

Funding earned: −$10.5
Price spread: +0.109% → +0.138%: −$2.96
Slippage, 4 orders: −$19.95
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.41
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Gate: live order book, 3 min ago.

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 Polymarket Perps live order book, 2 min ago	0.27 bp	9.5 bp −$9	9.6 bp −$96	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.72 bp	17.6 bp −$18	29.4 bp −$294	doesn't fit	doesn't fit

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	−0.0685%	8h	91.970	+0.098%	$16.6M	$35.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0061%	1h	91.670	−0.229%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.940	+0.065%	$14.9M	$26.6M	50x	as long as short
Gate CRCL_USDTshort	0.0000%	8h	91.980	+0.109%	$7.3M	$27.5M	50x
Variational Omni CRCL	0.0000%	8h	91.999	+0.129%	$2.5M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.930	+0.054%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0019%	8h	91.960	+0.087%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.900	+0.022%	$1.2M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0027%	8h	91.920	+0.044%	$104.7M	$392.5M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.933	+0.058%	$974K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0039%	1h	91.891	+0.012%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.870	−0.011%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	−0.120%	$911K	$519K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.861	−0.021%	$68.3M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	91.880	long leg	$358K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	91.918	+0.041%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.840	−0.044%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.920	+0.044%	$1.3M	$1.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0070%	8h	91.908	+0.030%	$423	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0087%	8h	92.030	+0.163%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0097%	8h	91.950	+0.076%	$22.3M	$61.8M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.893	+0.014%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.910	+0.033%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.830	−0.054%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.930	+0.054%	$917	$2K	10x	as long as short
BloFin CRCL-USDT	+0.0102%	8h	91.930	+0.054%	$1.1M	$1.6M	20x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.919	+0.042%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.935	+0.060%	$419K	$299K	10x	as long as short
Phoenix CRCL	+0.0182%	1h	91.770	−0.120%	$27K	$82K	10x	as long as short
edgeX CRCLUSDC	+0.0226%	4h	91.934	+0.059%	$51K	$276K	10x	as long as short
Lighter CRCL	+0.0264%	1h	91.927	+0.051%	$3.0M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0294%	1h	91.920	+0.044%	$4K	$768K	10x	as long as short
Nado CRCL-PERP	+0.0356%	1h	91.836	−0.048%	$134K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.522%	$5K	$19K	30x	as long as short