Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.029%

Price spread now: Vest against Gate−0.191%7-day average — · you buy dearer than you sell

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

Long on Gate 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 airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.191% cheaper against Gate than usual: you would sell low and buy high (spread −0.191% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 14 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRCL_USDT	94.250	0	get 0.0000% / 8h	7h 48m	$7.2M	$26.9M	50x
Short	Vest CRCL-USD-PERP	94.070	0.0046	get 0.0006% / 1h	48m 04s	—	$45K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.191%Rate

Funding earned: $9.59
Price spread: −0.191% → 0.000%: −$19.1
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: −$26.51
Costs to cover: 0.170%
Break-even: 26.3 days

Slippage unknown: Gate: live order book, 6 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 Gate live order book, 6 min ago	1.06 bp	12.8 bp −$13	30.7 bp −$307	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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.200	−0.053%	$942K	$725K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.250	0.000%	$15.5M	$25.9M	50x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	94.250	long leg	$7.2M	$26.9M	50x
Phemex CRCLUSDT	0.0000%	4h	94.240	−0.011%	$1.0M	$52K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0006%	1h	94.143	−0.114%	$71.6M	$42.3M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.231	−0.020%	$890K	$2.8M	10x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.210	−0.042%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERPshort	+0.0046%	1h	94.070	−0.191%	—	$45K	25x
Aftermath Perps CRCLUSD	+0.0047%	1h	94.244	−0.006%	$2K	$21K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.166	−0.089%	$365K	$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
SoDEX CRCL-USD	+0.0050%	1h	94.183	−0.071%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.120	−0.138%	$1.1M	$5.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.195	−0.058%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.270	+0.021%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.210	−0.042%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.220	−0.032%	$939	$3K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0104%	8h	94.348	+0.104%	$70K	$1.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.216	−0.036%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0111%	8h	94.241	−0.010%	$773	$740	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0158%	8h	94.260	+0.011%	$22.8M	$60.4M	50x	as long as short
Variational Omni CRCL	+0.0174%	8h	94.210	−0.042%	$2.5M	$3.1M	—	as long as short
Bitget CRCLUSDT	+0.0185%	8h	94.250	0.000%	$16.9M	$35.1M	25x	as long as short
Nado CRCL-PERP	+0.0222%	1h	94.169	−0.086%	$131K	$76K	3x	as long as short
Binance CRCLUSDT	+0.0228%	8h	94.228	−0.023%	$109.2M	$389.4M	50x	as long as short
Aster CRCLUSDT	+0.0232%	8h	94.239	−0.012%	$1.1M	$4.9M	20x	as long as short
Extended CRCL_24_5-USD	+0.0232%	1h	94.211	−0.042%	$1.1M	$4.2M	10x	as long as short
Phoenix CRCL	+0.0296%	1h	94.366	+0.123%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0296%	1h	94.241	−0.010%	$3.0M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0352%	8h	94.220	−0.032%	$1.1M	$559K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.570	+0.340%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0493%	1h	94.230	−0.021%	$4K	$772K	10x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.220	−0.032%	$96K	$276K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.251	+0.001%	$430K	$303K	10x	as long as short
edgeX CRCLUSDC	+0.0861%	4h	94.390	+0.148%	$24K	$268K	10x	as long as short