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 +0.004%

Price spread now: Extended against Gate−0.057%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.057%, 7d avg −0.078%

Together, before fees+0.016%+ Points / potential airdropExtended: Active · farm board+$2 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% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRCL_USDT	91.590	0	get 0.0000% / 8h	4h 38m	$7.2M	$27.0M	50x
Short	Extended CRCL_24_5-USD	91.537	0	get 0.0000% / 1h	38m 57s	$1.1M	$5.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.078%: $2.09
Slippage, 4 orders: −$19.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$37.83
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Extended: live order book, 5 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 Gate live order book, 5 min ago	2.72 bp	14.6 bp −$15	24.7 bp −$247	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.38 bp	5.2 bp −$5	27.7 bp −$277	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	−0.0976%	8h	91.660	+0.076%	$16.2M	$35.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.410	−0.197%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.566	−0.026%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USDshort	0.0000%	1h	91.537	−0.057%	$1.1M	$5.6M	10x
Binance CRCLUSDT	0.0000%	8h	91.560	−0.033%	$104.4M	$388.3M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.590	0.000%	$14.9M	$26.3M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.620	+0.033%	$418K	$299K	10x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	91.590	long leg	$7.2M	$27.0M	50x
Variational Omni CRCL	0.0000%	8h	91.678	+0.096%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.698	+0.118%	$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	+0.011%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0014%	8h	91.620	+0.033%	$21.9M	$60.6M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.600	+0.011%	$904K	$489K	10x	as long as short
edgeX CRCLUSDC	+0.0023%	4h	91.866	+0.302%	$51K	$275K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.630	+0.044%	$1.3M	$2.0M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0029%	1h	91.695	+0.115%	$2K	$24K	5x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.547	−0.047%	$972K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.930	+0.371%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.485	−0.115%	$68.2M	$41.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.600	+0.011%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.530	−0.066%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.700	+0.120%	$992K	$5.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0078%	1h	91.510	−0.087%	$4K	$767K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0088%	8h	91.641	+0.056%	$422	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.633	+0.047%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.560	−0.033%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.630	+0.044%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.560	−0.033%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.525	−0.071%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.630	+0.044%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.674	+0.092%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0184%	1h	91.563	−0.029%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0299%	1h	91.603	+0.015%	$130K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.190	+0.655%	$5K	$19K	30x	as long as short