Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0532%/8h= +58.2% APRpaid last 24h +0.120%

Price spread now: edgeX against Aevo−0.058%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. edgeX is 0.058% cheaper against Aevo than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo CRCL-PERP	91.679	0.0104	pay 0.0013% / 1h	36m 58s	$4	—	10x
Short	edgeX CRCLUSDC	91.626	0.0636	get 0.0318% / 4h	36m 58s	$51K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aevo. 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 AevobpFee edgeXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $111.7
Price spread: −0.058% → 0.000%: −$5.75
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $80.95
Costs to cover: 0.250%
Break-even: 1.9 days

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 21 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 Aevo no order-book sample	—	—	—	—	—
Sell edgeX live order book, 21 min ago	6.52 bp	11.9 bp −$12	24.1 bp −$241	doesn't fit	doesn't fit

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	−0.0994%	8h	91.770	+0.100%	$16.3M	$35.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.410	−0.293%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.735	+0.061%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.647	−0.034%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.675	−0.003%	$104.5M	$388.5M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.660	−0.020%	$14.9M	$26.3M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.710	+0.034%	$417K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.720	+0.045%	$7.2M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.678	−0.001%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.698	+0.021%	$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	91.710	+0.034%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0015%	8h	91.690	+0.013%	$22.0M	$60.7M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.600	−0.086%	$904K	$489K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0028%	1h	91.671	−0.008%	$2K	$24K	5x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.690	+0.013%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.716	+0.041%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.690	+0.013%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.595	−0.091%	$68.3M	$41.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.634	−0.049%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.683	+0.005%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.670	−0.009%	$992K	$5.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0088%	8h	91.712	+0.036%	$422	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.690	+0.013%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.670	−0.009%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.510	−0.184%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.680	+0.002%	$914	$2K	10x	as long as short
Aevo CRCL-PERPlong	+0.0104%	1h	91.679	long leg	$4	—	10x
BloFin CRCL-USDT	+0.0120%	8h	91.710	+0.034%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.525	−0.167%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0176%	1h	91.746	+0.074%	$3.0M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0186%	1h	91.700	+0.023%	$4K	$767K	10x	as long as short
Nado CRCL-PERP	+0.0292%	1h	91.673	−0.006%	$130K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	+0.449%	$5K	$19K	30x	as long as short
edgeX CRCLUSDCshort	+0.0636%	4h	91.626	−0.058%	$51K	$276K	10x