Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0809%/8hpaid last 24h +0.148%

Price spread now: edgeX against Polymarket Perps+0.070%64s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs+$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.352% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.861%+$86 on $10k

Price spread, last 3 days (all we have)+0.324%+$32 · spread now +0.070%, 7d avg +0.022%

Together, before fees+1.185%+ Points / potential airdropedgeX: Active · farm board+$118 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and edgeX is 0.048% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.022%. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	94.766	0.0050	pay 0.0006% / 1h	22m 06s	$357K	$1.0M	10x
Short	edgeX CRCLUSDC	94.832	0.0859	get 0.0429% / 4h	22m 06s	$24K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Polymarket Perps. 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 Polymarket PerpsbpFee edgeXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $169.86
Price spread: +0.070% → +0.022%: $4.78
Slippage, 4 orders: −$18.22
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $139.42
Costs to cover: 0.352%
Break-even: 1.3 days

Slippage from Polymarket Perps: live order book, just now; edgeX: live order book, 10 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 Polymarket Perps live order book, just now	2.11 bp	6.1 bp −$6	6.5 bp −$65	doesn't fit	doesn't fit
Sell edgeX live order book, 10 min ago	5.83 bp	11.4 bp −$11	23.3 bp −$233	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
Gate CRCL_USDT	0.0000%	8h	94.760	−0.006%	$7.2M	$26.8M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.780	+0.015%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.843	+0.081%	$816K	$2.8M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.720	−0.049%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	94.766	long leg	$357K	$1.0M	10x
SoDEX CRCL-USD	+0.0050%	1h	94.765	−0.001%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.700	−0.070%	$1.1M	$5.8M	10x	as long as short
QFEX CRCL-USD	+0.0071%	1h	94.860	+0.099%	$1.4M	$2.7M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0074%	1h	94.805	+0.041%	$71.2M	$41.2M	10x	as long as short
Bybit CRCLUSDT	+0.0086%	8h	94.810	+0.046%	$15.5M	$25.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex CRCL-USD-PERP	+0.0097%	8h	94.879	+0.119%	$721	$428	5x	as long as short
Pacifica CRCL	+0.0100%	1h	94.850	+0.089%	$78K	$97K	10x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.800	+0.036%	$70K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.780	+0.015%	$945	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.791	+0.027%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0113%	8h	94.887	+0.127%	$48K	$1.2M	10x	as long as short
Variational Omni CRCL	+0.0123%	8h	94.715	−0.054%	$2.5M	$3.2M	—	as long as short
KuCoin CRCLUSDTM	+0.0136%	8h	94.760	−0.006%	$2.9M	$1.7M	20x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.790	+0.025%	$947K	$730K	10x	as long as short
Aster CRCLUSDT	+0.0162%	8h	94.803	+0.039%	$1.1M	$4.7M	20x	as long as short
Phoenix CRCL	+0.0162%	1h	94.827	+0.064%	$28K	$92K	10x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	94.765	−0.001%	$1.2M	$3.5M	10x	as long as short
Binance CRCLUSDT	+0.0169%	8h	94.806	+0.042%	$108.9M	$376.8M	50x	as long as short
RISEx CRCL/USDC	+0.0224%	1h	94.870	+0.110%	$421K	$312K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0290%	8h	94.840	+0.078%	$23.0M	$59.4M	50x	as long as short
BloFin CRCL-USDT	+0.0290%	8h	94.860	+0.099%	$1.1M	$576K	20x	as long as short
Lighter CRCL	+0.0304%	1h	94.873	+0.113%	$3.0M	$2.1M	10x	as long as short
Nado CRCL-PERP	+0.0318%	1h	94.720	−0.048%	$132K	$67K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0359%	1h	94.681	−0.090%	$2K	$16K	5x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0384%	1h	94.760	−0.006%	$4K	$802K	10x	as long as short
Bitget CRCLUSDT	+0.0413%	8h	94.830	+0.068%	$17.0M	$34.3M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.200	+0.458%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0748%	1h	94.840	+0.078%	$102K	$257K	10x	as long as short
edgeX CRCLUSDCshort	+0.0859%	4h	94.832	+0.070%	$24K	$265K	10x