Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h +0.050%

Price spread now: Arcus against Paradex−0.012%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Arcus

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 airdropParadex: 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: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CRCL-USD-PERP	91.331	0.0168	pay 0.0168% / 8h	1h 40m	$420	$905	5x
Short	Arcus CRCL-USD	91.320	0.0040	get 0.0005% / 1h	40m 20s	$93K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Paradex. 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 ParadexbpFee ArcusbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$26.92
Price spread: −0.012% → 0.000%: −$1.18
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$36.6
Costs to cover: 0.085%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Arcus: live order book, 3 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Arcus live order book, 3 min ago	4.38 bp	9.3 bp −$9	11.9 bp −$119	doesn't fit	doesn't fit

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	−0.0719%	8h	91.470	+0.152%	$17.4M	$37.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	91.060	−0.296%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.280	−0.056%	$14.6M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.380	+0.054%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.349	+0.020%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.370	+0.043%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.280	−0.056%	$2K	$27K	5x	as long as short
Arcus CRCL-USDshort	+0.0040%	1h	91.320	−0.012%	$93K	$289K	10x
SoDEX CRCL-USD	+0.0050%	1h	91.340	+0.010%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.310	−0.023%	$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	91.310	−0.023%	$889K	$604K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.340	+0.010%	$1.3M	$1.8M	10x	as long as short
Lighter RH CRCL	+0.0080%	1h	91.361	+0.033%	$976K	$2.7M	10x	as long as short
Aster CRCLUSDT	+0.0082%	8h	91.352	+0.023%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0095%	8h	91.290	−0.045%	$104.4M	$397.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.330	−0.001%	$1.0M	$5.2M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.310	−0.023%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.320	−0.012%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.350	+0.021%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.270	−0.067%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.263	−0.074%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0111%	1h	91.224	−0.117%	$67.6M	$44.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0150%	1h	91.293	−0.041%	$382K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERPlong	+0.0168%	8h	91.331	long leg	$420	$905	5x
GRVT CRCL_USDT_Perp	+0.0187%	8h	91.384	+0.058%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0190%	8h	91.300	−0.034%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0213%	8h	91.390	+0.065%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.381	+0.055%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.365	+0.037%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0304%	1h	91.364	+0.036%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0433%	1h	91.250	−0.088%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.525%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0765%	4h	91.348	+0.019%	$52K	$278K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0846%	1h	91.340	+0.010%	$5K	$769K	10x	as long as short