Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.020%

Price spread now: Aevo against Binance−0.014%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aevo

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	91.592	0	get 0.0000% / 8h	5h 25m	$104.5M	$385.0M	50x
Short	Aevo CRCL-PERP	91.579	0.0104	get 0.0013% / 1h	25m 57s	$4	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.014%Rate

Funding earned: $21.84
Price spread: −0.014% → 0.000%: −$1.36
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$5.52
Costs to cover: 0.260%
Break-even: 8.8 days

Slippage unknown: Binance: live order book, 3 min ago; Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 3 min ago	0.55 bp	6.2 bp −$6	10.8 bp −$108	31.1 bp −$3,108	187.4 bp −$93.7K
Sell Aevo no order-book sample	—	—	—	—	—

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	−0.1307%	8h	91.630	+0.042%	$15.8M	$34.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0077%	1h	91.360	−0.253%	—	$35K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.470	−0.133%	$903K	$518K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.576	−0.017%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDTlong	0.0000%	8h	91.592	long leg	$104.5M	$385.0M	50x
Bybit CRCLUSDT	0.0000%	8h	91.630	+0.042%	$15.0M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.589	−0.003%	$418K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.630	+0.042%	$7.1M	$26.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.576	−0.017%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.701	+0.120%	$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	91.600	+0.009%	$1.0M	$49K	10x	as long as short
Aster CRCLUSDT	+0.0001%	8h	91.617	+0.027%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0006%	8h	91.640	+0.053%	$21.5M	$59.4M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0019%	1h	91.582	−0.011%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.550	−0.046%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.627	+0.038%	$973K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.590	−0.002%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.540	−0.057%	$68.4M	$41.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.572	−0.022%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.560	−0.035%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.570	−0.024%	$974K	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0069%	8h	91.588	−0.004%	$751	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.552	−0.043%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.580	−0.013%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.820	+0.249%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.590	−0.002%	$913	$2K	10x	as long as short
Aevo CRCL-PERPshort	+0.0104%	1h	91.579	−0.014%	$4	—	10x
BloFin CRCL-USDT	+0.0120%	8h	91.610	+0.020%	$1.1M	$1.3M	20x	as long as short
edgeX CRCLUSDC	+0.0180%	4h	91.668	+0.083%	$23K	$248K	10x	as long as short
Phoenix CRCL	+0.0183%	1h	91.684	+0.101%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0190%	1h	91.534	−0.063%	$130K	$104K	3x	as long as short
Lighter CRCL	+0.0208%	1h	91.628	+0.040%	$3.0M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.130	+0.588%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0624%	1h	91.640	+0.053%	$4K	$767K	10x	as long as short