Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.019%

Price spread now: Gate against Pacifica+0.066%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$820.817% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.066%, 7d avg +0.030%

Together, before fees−0.072%+ Points / potential airdropPacifica: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.035% dearer against Pacifica than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.030%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	91.460	0.0100	pay 0.0013% / 1h	50m 34s	$134K	$159K	10x
Short	Gate CRCL_USDT	91.520	0	get 0.0000% / 8h	1h 50m	$7.8M	$27.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Pacifica. 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 PacificabpFee GatebpOrdersPrice spread, now +0.066%Rate

Funding earned: −$21
Price spread: +0.066% → +0.030%: $3.54
Slippage, 4 orders: −$58.67
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$99.14
Costs to cover: 0.817%
Break-even: never at this rate

Slippage from Pacifica: live order book, 38 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 Pacifica live order book, 38 min ago	18.69 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.73 bp	12.8 bp −$13	22.9 bp −$229	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	−0.0735%	8h	91.530	+0.077%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0083%	1h	91.110	−0.383%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.460	0.000%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDTshort	0.0000%	8h	91.520	+0.066%	$7.8M	$27.4M	50x
Variational Omni CRCL	0.0000%	8h	91.430	−0.033%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.410	−0.055%	$1.0M	$48K	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.410	−0.055%	$93K	$289K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	91.369	−0.099%	$2K	$27K	5x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.375	−0.093%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.290	−0.186%	$1.1M	$5.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.470	+0.011%	$891K	$605K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.460	0.000%	$1.3M	$1.8M	10x	as long as short
Aster CRCLUSDT	+0.0069%	8h	91.461	+0.001%	$1.0M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	91.458	−0.002%	$1.0M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0081%	8h	91.467	+0.008%	$104.6M	$397.4M	50x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.460	long leg	$134K	$159K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.460	0.000%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.330	−0.142%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.380	−0.087%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.396	−0.070%	$4	—	10x	as long as short
Lighter RH CRCL	+0.0152%	1h	91.452	−0.009%	$977K	$2.7M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0172%	8h	91.443	−0.019%	$421	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0173%	8h	91.430	−0.033%	$65K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0181%	8h	91.510	+0.055%	$22.2M	$62.7M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0187%	1h	91.392	−0.074%	$67.7M	$44.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0190%	1h	91.373	−0.095%	$383K	$1.3M	10x	as long as short
BloFin CRCL-USDT	+0.0200%	8h	91.430	−0.033%	$1.1M	$1.6M	20x	as long as short
edgeX CRCLUSDC	+0.0226%	4h	91.425	−0.039%	$52K	$277K	10x	as long as short
Phoenix CRCL	+0.0245%	1h	91.374	−0.094%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.486	+0.028%	$417K	$269K	10x	as long as short
Lighter CRCL	+0.0384%	1h	91.456	−0.004%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.930	+0.514%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0447%	1h	91.295	−0.181%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0736%	1h	91.370	−0.098%	$5K	$769K	10x	as long as short