Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0820%/8h= −89.8% APRpaid last 24h −0.154%

Price spread now: Vest against edgeX−0.249%63s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Vest is 0.249% cheaper against edgeX than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CRCLUSDC	91.849	0.0757	pay 0.0379% / 4h	3h 03m	$51K	$276K	10x
Short	Vest CRCL-USD-PERP	91.620	−0.0062	pay 0.0008% / 1h	3m 48s	—	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against edgeX. 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 edgeXbpFee VestbpOrdersPrice spread, now −0.249%Rate

Funding earned: −$172.13
Price spread: −0.249% → 0.000%: −$24.94
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$208.07
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 49 min ago; Vest: 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 edgeX live order book, 49 min ago	5.97 bp	11.5 bp −$11	23.7 bp −$237	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0671%	8h	91.880	+0.034%	$16.6M	$35.8M	25x	as long as short
Vest CRCL-USD-PERPshort	−0.0062%	1h	91.620	−0.249%	—	$31K	25x
Bybit CRCLUSDT	0.0000%	8h	91.830	−0.021%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.910	+0.066%	$7.4M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.949	+0.109%	$2.5M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.890	+0.045%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0015%	8h	91.834	−0.016%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.815	−0.038%	$1.2M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0025%	8h	91.830	−0.021%	$104.6M	$392.8M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.848	−0.001%	$973K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0039%	1h	91.866	+0.018%	$2K	$26K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.850	+0.001%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	−0.086%	$914K	$522K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.761	−0.096%	$68.1M	$42.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.828	−0.023%	$386K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.828	−0.023%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.890	+0.045%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.880	+0.034%	$1.3M	$1.8M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0078%	8h	91.825	−0.026%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0085%	8h	91.859	+0.010%	$70K	$1.1M	10x	as long as short
BloFin CRCL-USDT	+0.0096%	8h	91.920	+0.077%	$1.1M	$1.6M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	91.863	+0.015%	$136K	$160K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.830	−0.021%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.800	−0.053%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.830	−0.021%	$916	$2K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0100%	8h	91.850	+0.001%	$22.4M	$61.8M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.844	−0.005%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.916	+0.073%	$419K	$299K	10x	as long as short
Phoenix CRCL	+0.0182%	1h	91.893	+0.048%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0256%	1h	91.845	−0.004%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0349%	1h	91.734	−0.125%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.556%	$5K	$19K	30x	as long as short
edgeX CRCLUSDClong	+0.0757%	4h	91.849	long leg	$51K	$276K	10x
Deribit CRCL_USDC-PERPETUAL	+0.0840%	1h	91.840	−0.010%	$4K	$768K	10x	as long as short