Settings8H · net · $10k
Funding arb · Price arb /

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h −0.008%
Price spread now: Pacifica against Coinbase International+0.087%7-day average · you sell dearer than you buy
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 7 days−0.105%−$10 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.087% dearer against Coinbase International than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International CRCL-PERP-INTX94.6900.0032pay 0.0004% / 1h45m 13s$942K$724K10x
ShortPacifica CRCL94.7720.0100get 0.0013% / 1h45m 13s$76K$99K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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
$14.28
Price spread: +0.087% → 0.000%
$8.7
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$4.98
Costs to cover
0.180%
Break-even
4.6 days
Slippage unknown: Coinbase International: live order book, 33 min ago; Pacifica: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 33 min ago4.24 bp9.7 bp −$1015.7 bp −$157doesn't fitdoesn't fit
Sell Pacifica no order-book sample
Pacifica: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate CRCL_USDT0.0000%8h94.850+0.169%$7.3M$27.5M50xas long as short
Phemex CRCLUSDT0.0000%4h94.760+0.074%$1.0M$52K10xas long as short
QFEX CRCL-USD+0.0022%1h94.820+0.137%$1.4M$2.7M10xas long as short
Coinbase International CRCL-PERP-INTXlong+0.0032%1h94.690long leg$942K$724K10x
Vest CRCL-USD-PERP+0.0046%1h94.650−0.042%$45K25xas long as short
SoDEX CRCL-USD+0.0050%1h94.791+0.107%$48K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h94.730+0.042%$1.1M$5.9M10xas long as short
Aftermath Perps CRCLUSD+0.0052%1h94.621−0.073%$2K$21K5xas long as short
Polymarket Perps CRCL-USD+0.0081%1h94.796+0.112%$367K$1.1M10xas long as short
Lighter RH CRCL+0.0088%1h94.884+0.205%$894K$2.9M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CRCLshort+0.0100%1h94.772+0.087%$76K$99K10x
KuCoin CRCLUSDTM+0.0100%8h94.750+0.063%$3.0M$1.8M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h94.510−0.190%$69K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h94.810+0.127%$945$3K10xas long as short
Bybit CRCLUSDT+0.0103%8h94.870+0.190%$15.6M$25.9M50xas long as short
Aevo CRCL-PERP+0.0104%1h94.874+0.194%$410xas long as short
Variational Omni CRCL+0.0122%8h94.663−0.028%$2.5M$3.1Mas long as short
Paradex CRCL-USD-PERP+0.0135%8h94.874+0.195%$778$7405xas long as short
GRVT CRCL_USDT_Perp+0.0152%8h94.531−0.168%$63K$1.1M10xas long as short
Binance CRCLUSDT+0.0176%8h94.880+0.201%$109.2M$389.5M50xas long as short
Extended CRCL_24_5-USD+0.0176%1h94.853+0.172%$1.1M$3.8M10xas long as short
Aster CRCLUSDT+0.0187%8h94.800+0.116%$1.1M$4.9M20xas long as short
OKX CRCL-USDT-SWAP+0.0203%8h94.860+0.180%$22.9M$60.8M50xas long as short
tradeXYZ xyz:CRCL+0.0288%1h94.805+0.121%$71.2M$42.8M10xas long as short
Phoenix CRCL+0.0288%1h94.557−0.140%$28K$92K10xas long as short
BloFin CRCL-USDT+0.0296%8h94.830+0.148%$1.1M$595K20xas long as short
Nado CRCL-PERP+0.0313%1h94.741+0.054%$127K$73K3xas long as short
Bitget CRCLUSDT+0.0314%8h94.850+0.169%$17.0M$35.4M25xas long as short
Injective CRCL/USDC PERP+0.0440%1h95.260+0.602%$5K$19K30xas long as short
Lighter CRCL+0.0456%1h94.917+0.240%$3.1M$2.2M10xas long as short
edgeX CRCLUSDC+0.0525%4h94.516−0.184%$24K$268K10xas long as short
Arcus CRCL-USD+0.0533%1h94.830+0.148%$97K$275K10xas long as short
RISEx CRCL/USDC+0.0534%1h94.842+0.160%$433K$312K10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.1016%1h94.930+0.253%$4K$772K10xas long as short