Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.002%

Price spread now: Paradex against Pacifica−0.015%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	91.829	0.0100	pay 0.0013% / 1h	7m 24s	$136K	$160K	10x
Short	Paradex CRCL-USD-PERP	91.815	0.0072	get 0.0072% / 8h	3h 07m	$422	$905	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$5.95
Price spread: −0.015% → 0.000%: −$1.55
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$19.5
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 26 min ago; Paradex: 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 Pacifica live order book, 26 min ago	6.53 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0681%	8h	91.920	+0.099%	$16.6M	$35.8M	25x	as long as short
Vest CRCL-USD-PERP	−0.0062%	1h	91.580	−0.272%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.850	+0.022%	$14.8M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.920	+0.099%	$7.4M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.848	+0.020%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.790	−0.043%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0012%	8h	91.849	+0.022%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0021%	8h	91.860	+0.033%	$104.7M	$392.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.845	+0.017%	$1.2M	$5.6M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.811	−0.020%	$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	91.821	−0.010%	$2K	$26K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.800	−0.032%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	−0.065%	$914K	$522K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.778	−0.056%	$68.1M	$42.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.827	−0.003%	$388K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.788	−0.045%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.650	−0.195%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.820	−0.010%	$1.3M	$1.9M	10x	as long as short
Paradex CRCL-USD-PERPshort	+0.0072%	8h	91.815	−0.015%	$422	$905	5x
GRVT CRCL_USDT_Perp	+0.0084%	8h	91.800	−0.032%	$70K	$1.1M	10x	as long as short
BloFin CRCL-USDT	+0.0089%	8h	91.800	−0.032%	$1.1M	$1.6M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0096%	8h	91.890	+0.066%	$22.3M	$61.8M	50x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.829	long leg	$136K	$160K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.860	+0.033%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.740	−0.097%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.760	−0.076%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.756	−0.080%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.872	+0.047%	$418K	$299K	10x	as long as short
Phoenix CRCL	+0.0182%	1h	91.797	−0.035%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0248%	1h	91.804	−0.028%	$3.0M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0295%	1h	91.750	−0.086%	$4K	$768K	10x	as long as short
Nado CRCL-PERP	+0.0347%	1h	91.724	−0.114%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.578%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0757%	4h	91.849	+0.021%	$51K	$276K	10x	as long as short