Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: KuCoin against Pacifica−0.033%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1371.370% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.033%, 7d avg +0.011%

Together, before fees+0.074%+ Points / potential airdropPacifica: Active · farm board+$7 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: KuCoin is 0.044% cheaper against Pacifica than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	91.310	0.0100	pay 0.0013% / 1h	40m 11s	$134K	$159K	10x
Short	KuCoin CRCLUSDTM	91.280	0.0100	get 0.0100% / 8h	1h 40m	$2.7M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.011%: −$4.42
Slippage, 4 orders: −$116.99
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$141.41
Costs to cover: 1.370%
Break-even: never at this rate

Slippage from Pacifica: live order book, 49 min ago; KuCoin: live order book, 7 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, 49 min ago	18.69 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	1.10 bp	28.8 bp −$29	doesn't fit	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	−0.0719%	8h	91.390	+0.088%	$17.4M	$37.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	91.060	−0.274%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.270	−0.044%	$14.6M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.380	+0.077%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.349	+0.043%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.280	−0.033%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.280	−0.033%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.320	+0.011%	$93K	$289K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.243	−0.073%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.310	0.000%	$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	91.300	−0.011%	$889K	$604K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.340	+0.033%	$1.3M	$1.8M	10x	as long as short
Lighter RH CRCL	+0.0080%	1h	91.286	−0.026%	$975K	$2.7M	10x	as long as short
Aster CRCLUSDT	+0.0082%	8h	91.322	+0.013%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0095%	8h	91.270	−0.044%	$104.4M	$397.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.260	−0.055%	$1.0M	$5.2M	10x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.310	long leg	$134K	$159K	10x
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.280	−0.033%	$2.7M	$1.8M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.350	+0.044%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.270	−0.044%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.263	−0.051%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0111%	1h	91.224	−0.094%	$67.6M	$44.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0150%	1h	91.293	−0.019%	$382K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0168%	8h	91.331	+0.023%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0187%	8h	91.384	+0.081%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0190%	8h	91.290	−0.022%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0213%	8h	91.390	+0.088%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.381	+0.078%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.365	+0.060%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0296%	1h	91.292	−0.020%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0433%	1h	91.250	−0.066%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.548%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.290	−0.022%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0765%	4h	91.348	+0.041%	$52K	$278K	10x	as long as short