Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0619%/8h= −67.8% APRpaid last 24h +0.041%

Price spread now: Bitget against Vest+0.371%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Bitget is 0.371% dearer against Vest than usual: you sell high and buy low (spread +0.371% now, against zero (this spread has no 7-day history yet)): +$37 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRCL-USD-PERP	91.580	−0.0062	get 0.0008% / 1h	7m 23s	—	$31K	25x
Short	Bitget CRCLUSDT	91.920	−0.0681	pay 0.0681% / 8h	3h 07m	$16.6M	$35.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Vest. 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 VestbpFee BitgetbpOrdersPrice spread, now +0.371%Rate

Funding earned: −$129.97
Price spread: +0.371% → 0.000%: $37.13
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$106.85
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Bitget: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Vest no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	1.09 bp	8.8 bp −$9	12.8 bp −$128	43.9 bp −$4,390	doesn't fit

Vest: 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 CRCLUSDTshort	−0.0681%	8h	91.920	+0.371%	$16.6M	$35.8M	25x
Vest CRCL-USD-PERPlong	−0.0062%	1h	91.580	long leg	—	$31K	25x
Bybit CRCLUSDT	0.0000%	8h	91.850	+0.295%	$14.8M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.920	+0.371%	$7.4M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.848	+0.293%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.790	+0.229%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0012%	8h	91.849	+0.294%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0021%	8h	91.860	+0.306%	$104.7M	$392.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.845	+0.289%	$1.2M	$5.6M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.811	+0.252%	$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	+0.263%	$2K	$26K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.800	+0.240%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	+0.207%	$914K	$522K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.778	+0.216%	$68.1M	$42.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.827	+0.270%	$388K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.788	+0.227%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.650	+0.076%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.820	+0.262%	$1.3M	$1.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0072%	8h	91.815	+0.257%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0084%	8h	91.800	+0.240%	$70K	$1.1M	10x	as long as short
BloFin CRCL-USDT	+0.0089%	8h	91.800	+0.240%	$1.1M	$1.6M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0096%	8h	91.890	+0.339%	$22.3M	$61.8M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.829	+0.272%	$136K	$160K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.860	+0.306%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.740	+0.175%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.760	+0.197%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.756	+0.192%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.872	+0.319%	$418K	$299K	10x	as long as short
Phoenix CRCL	+0.0182%	1h	91.797	+0.237%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0248%	1h	91.804	+0.245%	$3.0M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0295%	1h	91.750	+0.186%	$4K	$768K	10x	as long as short
Nado CRCL-PERP	+0.0347%	1h	91.724	+0.158%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.852%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0757%	4h	91.849	+0.294%	$51K	$276K	10x	as long as short