Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Extended against Binance−0.061%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.061%, 7d avg −0.041%

Together, before fees+0.042%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.021% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	92.141	0	get 0.0000% / 8h	4h 12m	$104.9M	$390.0M	50x
Short	Extended CRCL_24_5-USD	92.085	0	get 0.0000% / 1h	12m 19s	$1.1M	$5.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → −0.041%: −$2.05
Slippage, 4 orders: −$9.89
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$26.94
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Extended: live order book, 2 min ago.

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, 1 min ago	0.54 bp	7.1 bp −$7	11.6 bp −$116	29.8 bp −$2,978	186.7 bp −$93.4K
Sell Extended live order book, 2 min ago	0.98 bp	5.9 bp −$6	14.5 bp −$145	doesn't fit	doesn't fit

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	−0.0939%	8h	92.170	+0.031%	$16.6M	$35.2M	25x	as long as short
Vest CRCL-USD-PERP	−0.0069%	1h	91.870	−0.294%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	92.039	−0.111%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USDshort	0.0000%	1h	92.085	−0.061%	$1.1M	$5.7M	10x
Binance CRCLUSDTlong	0.0000%	8h	92.141	long leg	$104.9M	$390.0M	50x
Bybit CRCLUSDT	0.0000%	8h	92.100	−0.045%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.110	−0.034%	$419K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.150	+0.010%	$7.2M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.929	−0.230%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.052	−0.096%	$64K	$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	92.010	−0.142%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.890	−0.273%	$907K	$491K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	92.130	−0.012%	$1.3M	$2.0M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0032%	8h	92.160	+0.020%	$22.3M	$61.5M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.124	−0.019%	$976K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	91.962	−0.194%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.980	−0.175%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.062	−0.086%	$68.6M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.083	−0.063%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.071	−0.076%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.000	−0.153%	$1.0M	$5.2M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.040	−0.110%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.040	−0.110%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.990	−0.164%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.120	−0.023%	$918	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.123	−0.019%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0107%	8h	92.082	−0.065%	$424	$905	5x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	92.090	−0.056%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	92.044	−0.106%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0200%	1h	92.133	−0.009%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0223%	4h	91.994	−0.159%	$51K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0307%	1h	92.035	−0.115%	$131K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.400	+0.281%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0728%	1h	92.120	−0.023%	$4K	$767K	10x	as long as short