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−0.0104%/8h= −11.4% APRnext payment $0.13 per $10,000 · paid last 24h +0.065%
Price spread now: RISEx against Aevo−0.026%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.026% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo CRCL-PERP91.1330.0104pay 0.0013% / 1h49m 28s$410x
ShortRISEx CRCL/USDC91.1100get 0.0000% / 1h49m 28s$416K$297K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
−$21.84
Price spread: −0.026% → 0.000%
−$2.55
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$46.39
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; RISEx: live order book, 14 min ago. 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 Aevo no order-book sample
Sell RISEx live order book, 14 min ago1.63 bp4.6 bp −$56.4 bp −$64doesn't fitdoesn'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 33 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−0.1192%8h91.180+0.051%$15.6M$34.5M25xas long as short
Vest CRCL-USD-PERP−0.0076%1h90.870−0.289%$35K25xas long as short
Coinbase International CRCL-PERP-INTX−0.0016%1h91.160+0.029%$900K$539K10xas long as short
Bybit CRCLUSDT0.0000%8h91.100−0.037%$14.9M$25.7M50xas long as short
RISEx CRCL/USDCshort0.0000%1h91.110−0.026%$416K$297K10x
Gate CRCL_USDT0.0000%8h91.140+0.007%$7.0M$26.4M50xas long as short
Variational Omni CRCL0.0000%8h91.307+0.191%$2.4M$3.2Mas long as short
GRVT CRCL_USDT_Perp0.0000%8h91.340+0.227%$66K$1.1M10xas long as short
Phemex CRCLUSDT0.0000%4h91.170+0.040%$1.0M$49K10xas long as short
Binance CRCLUSDT+0.0014%8h91.077−0.062%$103.5M$383.6M50xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended CRCL_24_5-USD+0.0016%1h91.093−0.044%$1.1M$5.7M10xas long as short
Aster CRCLUSDT+0.0021%8h91.107−0.029%$1.1M$4.9M20xas long as short
Aftermath Perps CRCLUSD+0.0022%1h91.379+0.269%$2K$23K5xas long as short
QFEX CRCL-USD+0.0023%1h91.100−0.037%$1.3M$2.2M10xas long as short
OKX CRCL-USDT-SWAP+0.0027%8h91.080−0.058%$21.4M$58.8M50xas long as short
Lighter RH CRCL+0.0032%1h91.156+0.025%$969K$2.9M10xas long as short
Arcus CRCL-USD+0.0040%1h91.320+0.205%$93K$271K10xas long as short
tradeXYZ xyz:CRCL+0.0050%1h91.042−0.100%$68.2M$41.1M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h91.086−0.052%$353K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h91.140+0.007%$46K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h91.160+0.029%$973K$5.1M10xas long as short
edgeX CRCLUSDC+0.0055%4h91.376+0.267%$23K$267K10xas long as short
Paradex CRCL-USD-PERP+0.0070%8h91.133−0.001%$747$7405xas long as short
Pacifica CRCL+0.0100%1h91.118−0.017%$132K$157K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.190+0.062%$2.8M$1.9M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h91.500+0.402%$67K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.070−0.069%$908$2K10xas long as short
Aevo CRCL-PERPlong+0.0104%1h91.133long leg$410x
Phoenix CRCL+0.0183%1h91.079−0.060%$27K$84K10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0189%1h91.180+0.051%$4K$767K10xas long as short
Nado CRCL-PERP+0.0202%1h91.154+0.023%$130K$103K3xas long as short
Lighter CRCL+0.0280%1h91.170+0.040%$2.9M$2.4M10xas long as short
Injective CRCL/USDC PERP+0.0440%1h91.900+0.841%$5K$19K30xas long as short