Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: Gate against Bybit+0.118%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.136%−$14 · spread now +0.118%, 7d avg +0.002%

Together, before fees−0.144%−$14 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: Gate is 0.115% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRCLUSDT	93.540	0	get 0.0000% / 8h	7h 00m	$15.3M	$25.4M	50x
Short	Gate CRCL_USDT	93.650	0	get 0.0000% / 8h	7h 00m	$7.2M	$27.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.002%: $11.53
Slippage, 4 orders: −$22.65
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$37.12
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 3 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 Bybit live order book, 3 min ago	1.07 bp	10.1 bp −$10	16.2 bp −$162	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.60 bp	18.0 bp −$18	33.9 bp −$339	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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	93.600	+0.064%	$936K	$591K	10x	as long as short
Bybit CRCLUSDTlong	0.0000%	8h	93.540	long leg	$15.3M	$25.4M	50x
Gate CRCL_USDTshort	0.0000%	8h	93.650	+0.118%	$7.2M	$27.2M	50x
Bitget CRCLUSDT	0.0000%	8h	93.600	+0.064%	$16.7M	$34.3M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	93.950	+0.438%	$62K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.620	+0.086%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.517	−0.025%	$980K	$3.0M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	93.831	+0.311%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	93.600	+0.064%	$1.3M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	93.430	−0.118%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	93.525	−0.016%	$71.5M	$40.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.554	+0.015%	$362K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.567	+0.029%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.610	+0.075%	$1.0M	$5.7M	10x	as long as short
Variational Omni CRCL	+0.0059%	8h	93.569	+0.031%	$2.5M	$3.1M	—	as long as short
Paradex CRCL-USD-PERP	+0.0097%	8h	93.504	−0.038%	$767	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	93.541	+0.001%	$75K	$96K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	93.570	+0.032%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	93.750	+0.225%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.560	+0.021%	$933	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.578	+0.040%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0123%	8h	93.550	+0.011%	$22.6M	$58.6M	50x	as long as short
Binance CRCLUSDT	+0.0138%	8h	93.536	−0.005%	$107.9M	$385.6M	50x	as long as short
Aster CRCLUSDT	+0.0141%	8h	93.611	+0.075%	$1.1M	$4.9M	20x	as long as short
Extended CRCL_24_5-USD	+0.0144%	1h	93.561	+0.022%	$1.1M	$5.7M	10x	as long as short
Nado CRCL-PERP	+0.0233%	1h	93.533	−0.008%	$155K	$89K	3x	as long as short
BloFin CRCL-USDT	+0.0261%	8h	93.460	−0.086%	$1.1M	$690K	20x	as long as short
Phoenix CRCL	+0.0296%	1h	93.980	+0.470%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0328%	1h	93.607	+0.072%	$3.0M	$2.3M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.210	+0.716%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0498%	1h	93.590	+0.053%	$4K	$769K	10x	as long as short
Arcus CRCL-USD	+0.0521%	1h	93.790	+0.267%	$96K	$271K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	93.603	+0.067%	$428K	$297K	10x	as long as short
edgeX CRCLUSDC	+0.0940%	4h	93.809	+0.288%	$24K	$268K	10x	as long as short