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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0127%/8h= +13.9% APRnext payment +$0.16 per $10,000 · paid last 24h +0.008%
Price spread now: SoDEX against Vest+0.240%7-day average · you sell dearer than you buy
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 airdropVest: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SoDEX is 0.240% dearer against Vest than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest CRCL-USD-PERP91.520−0.0077get 0.0010% / 1h22m 52s$31K25x
ShortSoDEX CRCL-USD91.7400.0050get 0.0006% / 1h22m 52s$46K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$26.75
Price spread: +0.240% → 0.000%
$24.04
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$40.78
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample
Sell SoDEX no order-book sample
Vest and 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−0.1299%8h91.810+0.317%$15.9M$34.6M25xas long as short
Vest CRCL-USD-PERPlong−0.0077%1h91.520long leg$31K25x
Coinbase International CRCL-PERP-INTX−0.0016%1h91.470−0.055%$903K$518K10xas long as short
Extended CRCL_24_5-USD0.0000%1h91.746+0.247%$1.1M$5.7M10xas long as short
Binance CRCLUSDT0.0000%8h91.800+0.306%$104.7M$385.0M50xas long as short
Bybit CRCLUSDT0.0000%8h91.820+0.328%$15.1M$25.8M50xas long as short
RISEx CRCL/USDC0.0000%1h91.809+0.316%$419K$298K10xas long as short
Gate CRCL_USDT0.0000%8h91.790+0.295%$7.1M$26.7M50xas long as short
Variational Omni CRCL0.0000%8h91.576+0.061%$2.4M$3.2Mas long as short
GRVT CRCL_USDT_Perp0.0000%8h91.605+0.093%$65K$1.1M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex CRCLUSDT0.0000%4h91.740+0.240%$1.0M$49K10xas long as short
Aster CRCLUSDT+0.0001%8h91.753+0.254%$1.1M$4.9M20xas long as short
OKX CRCL-USDT-SWAP+0.0006%8h91.820+0.328%$21.5M$59.4M50xas long as short
Aftermath Perps CRCLUSD+0.0019%1h91.652+0.144%$2K$23K5xas long as short
QFEX CRCL-USD+0.0023%1h91.810+0.317%$1.3M$2.1M10xas long as short
Lighter RH CRCL+0.0032%1h91.808+0.315%$975K$2.9M10xas long as short
Arcus CRCL-USD+0.0040%1h91.640+0.131%$93K$273K10xas long as short
tradeXYZ xyz:CRCL+0.0050%1h91.728+0.227%$68.5M$41.3M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h91.730+0.229%$357K$1.1M10xas long as short
SoDEX CRCL-USDshort+0.0050%1h91.740+0.240%$46K$3K10x
Ondo Perps CRCL-USD.P+0.0050%1h91.550+0.033%$974K$5.2M10xas long as short
Paradex CRCL-USD-PERP+0.0071%8h91.819+0.327%$753$7405xas long as short
Pacifica CRCL+0.0100%1h91.770+0.273%$132K$157K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.710+0.208%$2.8M$1.9M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h91.600+0.087%$67K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.720+0.219%$914$2K10xas long as short
Aevo CRCL-PERP+0.0104%1h91.745+0.246%$410xas long as short
BloFin CRCL-USDT+0.0120%8h91.760+0.262%$1.1M$1.3M20xas long as short
Phoenix CRCL+0.0183%1h91.546+0.028%$27K$84K10xas long as short
Nado CRCL-PERP+0.0194%1h91.764+0.266%$131K$104K3xas long as short
Lighter CRCL+0.0224%1h91.814+0.321%$3.0M$2.4M10xas long as short
edgeX CRCLUSDC+0.0300%4h91.627+0.117%$23K$248K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.180+0.721%$5K$19K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0623%1h91.770+0.273%$4K$767K10xas long as short