Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0412%/8h= +45.1% APRpaid last 24h +0.057%

Price spread now: Binance against Vest+0.345%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Binance

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 airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Binance is 0.345% dearer against Vest than usual: you sell high and buy low: +$34 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	Vest CRCL-USD-PERP	92.860	−0.0019	get 0.0002% / 1h	0m 03s	—	$30K	25x
Short	Binance CRCLUSDT	93.180	0.0392	get 0.0392% / 8h	6h 00m	$107.8M	$354.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now +0.345%Rate

Funding earned: $86.44
Price spread: +0.345% → 0.000%: $34.46
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: $108.9
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Binance: live order book, 7 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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	0.54 bp	6.6 bp −$7	10.9 bp −$109	39.0 bp −$3,902	183.3 bp −$91.7K

Vest: 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 exchanges

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
Vest CRCL-USD-PERPlong	−0.0019%	1h	92.860	long leg	—	$30K	25x
Bybit CRCLUSDT	0.0000%	8h	93.200	+0.366%	$15.1M	$25.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.200	+0.366%	$18.2M	$33.7M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.170	+0.334%	$1.0M	$45K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.990	+0.140%	$861K	$702K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.210	+0.377%	$1.0M	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	92.917	+0.062%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	93.054	+0.209%	$68.0M	$40.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.164	+0.327%	$383K	$847K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.113	+0.272%	$47K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.130	+0.291%	$1.0M	$3.8M	10x	as long as short
QFEX CRCL-USD	+0.0080%	1h	92.980	+0.129%	$1.3M	$1.6M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	93.019	+0.171%	$139K	$141K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	93.100	+0.258%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.870	+0.011%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.160	+0.323%	$929	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.200	+0.366%	$4	—	10x	as long as short
Gate CRCL_USDT	+0.0106%	8h	93.250	+0.420%	$7.5M	$26.2M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0132%	8h	93.106	+0.265%	$428	$477	5x	as long as short
Phoenix CRCL	+0.0199%	1h	92.945	+0.092%	$27K	$66K	10x	as long as short
edgeX CRCLUSDC	+0.0201%	4h	92.956	+0.103%	$53K	$269K	10x	as long as short
Lighter CRCL	+0.0248%	1h	93.214	+0.381%	$3.0M	$2.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0287%	1h	93.170	+0.334%	$5K	$454K	10x	as long as short
Variational Omni CRCL	+0.0309%	8h	92.973	+0.122%	$2.5M	$3.3M	—	as long as short
Nado CRCL-PERP	+0.0314%	1h	93.171	+0.335%	$153K	$92K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0340%	8h	93.180	+0.345%	$23.0M	$57.3M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	93.150	+0.312%	$94K	$214K	10x	as long as short
Aster CRCLUSDT	+0.0381%	8h	93.140	+0.302%	$1.1M	$4.5M	20x	as long as short
Extended CRCL_24_5-USD	+0.0392%	1h	93.169	+0.333%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDTshort	+0.0392%	8h	93.180	+0.345%	$107.8M	$354.0M	50x
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	−0.829%	$38K	$172K	30x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	92.990	+0.140%	$417K	$240K	10x	as long as short
BloFin CRCL-USDT	+0.0508%	8h	93.070	+0.226%	$1.1M	$1.7M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0805%	8h	93.020	+0.172%	$62K	$1.0M	10x	as long as short