Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%

Price spread now: KuCoin against SoDEX+0.068%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on KuCoin

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.068% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CRCL-USD	91.848	0.0050	pay 0.0006% / 1h	21m 29s	$46K	$3K	10x
Short	KuCoin CRCLUSDTM	91.910	0.0100	get 0.0100% / 8h	5h 21m	$2.8M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now +0.068%Rate

Funding earned: $10.5
Price spread: +0.068% → 0.000%: $6.75
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2.75
Costs to cover: 0.200%
Break-even: 8.8 days

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 6 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	2.18 bp	29.6 bp −$30	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CRCLUSDT	−0.1279%	8h	92.020	+0.187%	$15.9M	$34.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0077%	1h	91.750	−0.107%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.790	−0.063%	$906K	$500K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.917	+0.075%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.966	+0.129%	$104.8M	$385.3M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.020	+0.187%	$15.2M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.944	+0.104%	$420K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.050	+0.220%	$7.1M	$26.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.576	−0.296%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.780	−0.074%	$65K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.890	+0.046%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0007%	8h	92.030	+0.198%	$21.6M	$59.6M	50x	as long as short
Aster CRCLUSDT	+0.0007%	8h	91.899	+0.055%	$1.1M	$4.9M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0020%	1h	91.679	−0.184%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.960	+0.122%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.939	+0.099%	$976K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.750	−0.107%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.863	+0.016%	$68.6M	$41.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.981	+0.145%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USDlong	+0.0050%	1h	91.848	long leg	$46K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.910	+0.068%	$982K	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0074%	8h	91.932	+0.091%	$754	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.930	+0.089%	$133K	$157K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.910	+0.068%	$2.8M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.690	−0.172%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.930	+0.089%	$917	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.915	+0.073%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.760	−0.096%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0183%	1h	91.755	−0.101%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0200%	1h	91.854	+0.006%	$131K	$104K	3x	as long as short
Lighter CRCL	+0.0232%	1h	91.944	+0.105%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0300%	4h	91.627	−0.240%	$23K	$248K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.180	+0.361%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0730%	1h	91.940	+0.100%	$4K	$767K	10x	as long as short