Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.023%

Price spread now: Binance against tradeXYZ+0.048%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 2 days (all we have)−0.021%−$2 · spread now +0.048%, 7d avg +0.039%

Together, before fees+0.041%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRCL	91.960	0.0050	pay 0.0006% / 1h	14m 37s	$69.1M	$42.1M	10x
Short	Binance CRCLUSDT	92.005	0.0049	get 0.0049% / 8h	6h 14m	$104.9M	$394.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.048%Rate

Funding earned: −$0.14
Price spread: +0.048% → +0.039%: $0.99
Slippage, 4 orders: −$5.17
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$32.32
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Binance: live order book, 14 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 tradeXYZ live order book, 5 min ago	1.04 bp	10.3 bp −$10	10.8 bp −$108	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.54 bp	6.1 bp −$6	9.9 bp −$99	33.4 bp −$3,343	136.4 bp −$68.2K

CRCL on 33 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	−0.0847%	8h	92.060	+0.109%	$16.1M	$35.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0042%	1h	91.800	−0.174%	—	$40K	25x	as long as short
Gate CRCL_USDT	−0.0025%	8h	92.030	+0.076%	$7.1M	$26.8M	50x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.700	−0.283%	$913K	$580K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.020	+0.065%	$15.0M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.001	+0.045%	$420K	$299K	10x	as long as short
Variational Omni CRCL	0.0000%	8h	91.928	−0.035%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.730	−0.250%	$69K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.010	+0.054%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0024%	1h	91.908	−0.057%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.050	+0.098%	$975K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.920	−0.043%	$93K	$273K	10x	as long as short
Extended CRCL_24_5-USD	+0.0048%	1h	91.980	+0.022%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDTshort	+0.0049%	8h	92.005	+0.048%	$104.9M	$394.3M	50x
tradeXYZ xyz:CRCLlong	+0.0050%	1h	91.960	long leg	$69.1M	$42.1M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	91.952	−0.009%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.995	+0.038%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.970	+0.011%	$999K	$5.5M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0056%	8h	92.020	+0.065%	$21.8M	$60.4M	50x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.980	+0.022%	$1.3M	$2.3M	10x	as long as short
Aster CRCLUSDT	+0.0059%	8h	92.031	+0.078%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0072%	8h	92.016	+0.061%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.006	+0.050%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.010	+0.054%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.720	−0.261%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.000	+0.043%	$917	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.014	+0.059%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0153%	1h	91.972	+0.013%	$131K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0185%	1h	92.040	+0.087%	$4K	$769K	10x	as long as short
Lighter CRCL	+0.0200%	1h	92.041	+0.088%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.952	−0.009%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.500	+0.587%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0678%	4h	91.707	−0.275%	$23K	$268K	10x	as long as short