Settings8H · net · $10k
Funding arb · Price arb /

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0286%/8h= +31.3% APRnext payment +$2.86 per $10,000 · paid last 24h +0.064%
Price spread now: BloFin against Paradex+0.271%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.271% dearer against Paradex than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex CRCL-USD-PERP95.4020.0100pay 0.0100% / 8h4h 53m$439$4775x
ShortBloFin CRCL-USDT95.6600.0386get 0.0386% / 8h4h 53m$1.1M$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$60.11
Price spread: +0.271% → 0.000%
$27.05
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee BloFin: 6 bp × 2 orders
−$12
Net
$71.17
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell BloFin live order book, 2 min ago1.05 bp8.7 bp −$915.4 bp −$15443.1 bp −$4,311doesn'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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International CRCL-PERP-INTX−0.0024%1h95.200−0.212%$868K$802K10xas long as short
Bybit CRCLUSDT0.0000%8h95.110−0.306%$15.5M$28.5M50xas long as short
RISEx CRCL/USDC0.0000%1h95.474+0.076%$424K$228K10xas long as short
Bitget CRCLUSDT0.0000%8h95.130−0.285%$19.1M$38.6M25xas long as short
Phemex CRCLUSDT0.0000%4h95.250−0.159%$1.1M$47K10xas long as short
QFEX CRCL-USD+0.0014%1h95.310−0.096%$1.3M$1.7M10xas long as short
Lighter RH CRCL+0.0032%1h95.221−0.190%$1.0M$2.6M10xas long as short
Aftermath Perps CRCLUSD+0.0033%1h94.825−0.605%$2K$29K5xas long as short
Injective CRCL/USDC PERP+0.0033%1h95.630+0.239%$39K$172K30xas long as short
Gate CRCL_USDT+0.0039%8h95.320−0.086%$7.8M$26.1M50xas long as short
Show all 34 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest CRCL-USD-PERP+0.0040%1h95.470+0.071%$30K25xas long as short
tradeXYZ xyz:CRCL+0.0050%1h94.904−0.522%$69.0M$44.1M10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h95.550+0.155%$1.0M$4.3M10xas long as short
Arcus CRCL-USD+0.0057%1h95.610+0.218%$96K$231K10xas long as short
Paradex CRCL-USD-PERPlong+0.0100%8h95.402long leg$439$4775x
Pacifica CRCL+0.0100%1h95.451+0.052%$142K$149K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h95.260−0.149%$2.5M$1.7M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h95.830+0.449%$99K$26K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h95.350−0.054%$751$2K10xas long as short
Aevo CRCL-PERP+0.0104%1h95.264−0.144%$410xas long as short
Variational Omni CRCL+0.0169%8h95.760+0.375%$2.7M$3.3Mas long as short
Phoenix CRCL+0.0197%1h94.470−0.977%$28K$94K10xas long as short
OKX CRCL-USDT-SWAP+0.0219%8h95.100−0.316%$23.5M$66.0M50xas long as short
Extended CRCL_24_5-USD+0.0264%1h95.237−0.173%$1.1M$4.0M10xas long as short
Binance CRCLUSDT+0.0266%8h95.177−0.235%$110.2M$388.8M50xas long as short
Aster CRCLUSDT+0.0285%8h95.360−0.044%$1.2M$4.7M20xas long as short
GRVT CRCL_USDT_Perp+0.0328%8h96.099+0.731%$62K$1.0M10xas long as short
Nado CRCL-PERP+0.0328%1h95.209−0.203%$153K$91K3xas long as short
BloFin CRCL-USDTshort+0.0386%8h95.660+0.271%$1.1M$1.8M20x
Polymarket Perps CRCL-USD+0.0412%1h95.284−0.124%$305K$1.0M10xas long as short
Lighter CRCL+0.0528%1h95.032−0.388%$3.3M$2.4M10xas long as short
edgeX CRCLUSDC+0.0551%4h95.621+0.230%$55K$277K10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0591%1h95.240−0.170%$5K$415K10xas long as short
SoDEX CRCL-USD+0.4796%1h95.121−0.294%$48K$3K10xas long as short