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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0117%/8h= +12.8% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%
Price spread now: SoDEX against Vest+0.202%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SoDEX is 0.202% dearer against Vest than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest CRCL-USD-PERP91.260−0.0067get 0.0008% / 1h33m 58s$31K25x
ShortSoDEX CRCL-USD91.4440.0050get 0.0006% / 1h33m 58s$46K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$24.63
Price spread: +0.202% → 0.000%
$20.16
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$34.79
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; SoDEX: no order-book sample. 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 Vest no order-book sample
Sell SoDEX no order-book sample
Vest and SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CRCLUSDT−0.1024%8h91.640+0.416%$16.2M$35.0M25xas long as short
Vest CRCL-USD-PERPlong−0.0067%1h91.260long leg$31K25x
Aster CRCLUSDT0.0000%8h91.558+0.326%$1.1M$5.0M20xas long as short
Extended CRCL_24_5-USD0.0000%1h91.551+0.319%$1.1M$5.7M10xas long as short
Binance CRCLUSDT0.0000%8h91.580+0.351%$104.3M$388.9M50xas long as short
Bybit CRCLUSDT0.0000%8h91.580+0.351%$14.9M$26.4M50xas long as short
RISEx CRCL/USDC0.0000%1h91.492+0.254%$416K$299K10xas long as short
Gate CRCL_USDT0.0000%8h91.630+0.405%$7.2M$27.1M50xas long as short
Variational Omni CRCL0.0000%8h91.439+0.196%$2.4M$3.2Mas long as short
GRVT CRCL_USDT_Perp0.0000%8h91.729+0.514%$65K$1.1M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex CRCLUSDT0.0000%4h91.460+0.219%$1.0M$49K10xas long as short
OKX CRCL-USDT-SWAP+0.0011%8h91.590+0.362%$21.9M$60.7M50xas long as short
Coinbase International CRCL-PERP-INTX+0.0016%1h91.500+0.263%$903K$489K10xas long as short
Aftermath Perps CRCLUSD+0.0028%1h91.564+0.333%$2K$24K5xas long as short
QFEX CRCL-USD+0.0028%1h91.430+0.186%$1.3M$2.0M10xas long as short
Lighter RH CRCL+0.0032%1h91.498+0.261%$971K$2.9M10xas long as short
Arcus CRCL-USD+0.0040%1h91.550+0.318%$93K$273K10xas long as short
tradeXYZ xyz:CRCL+0.0050%1h91.495+0.258%$68.2M$41.6M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h91.474+0.234%$357K$1.1M10xas long as short
SoDEX CRCL-USDshort+0.0050%1h91.444+0.202%$46K$3K10x
Ondo Perps CRCL-USD.P+0.0050%1h91.410+0.164%$992K$5.1M10xas long as short
Paradex CRCL-USD-PERP+0.0086%8h91.435+0.192%$421$9055xas long as short
Pacifica CRCL+0.0100%1h91.450+0.208%$134K$159K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.550+0.318%$2.7M$2.0M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h91.640+0.416%$67K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.510+0.274%$912$2K10xas long as short
Aevo CRCL-PERP+0.0104%1h91.449+0.207%$410xas long as short
BloFin CRCL-USDT+0.0120%8h91.550+0.318%$1.1M$1.3M20xas long as short
Phoenix CRCL+0.0148%1h91.525+0.290%$27K$83K10xas long as short
Lighter CRCL+0.0152%1h91.503+0.266%$2.9M$2.4M10xas long as short
Nado CRCL-PERP+0.0288%1h91.473+0.233%$130K$104K3xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0406%1h91.460+0.219%$4K$767K10xas long as short
edgeX CRCLUSDC+0.0422%4h91.677+0.457%$51K$276K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.090+0.909%$5K$19K30xas long as short