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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.009%
Price spread now: tradeXYZ against Vest+0.126%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 · tradeXYZ: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and tradeXYZ is 0.126% dearer against Vest than usual: you sell high and buy low: +$13 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-PERP91.970−0.0074get 0.0009% / 1h59m 51s$31K25x
ShorttradeXYZ xyz:CRCL92.0860.0050get 0.0006% / 1h59m 51s$68.6M$41.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
$26.14
Price spread: +0.126% → 0.000%
$12.61
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
$18.75
Costs to cover
0.200%
Break-even
2.0 days
Slippage unknown: Vest: no order-book sample; tradeXYZ: live order book, 10 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 Vest no order-book sample
Sell tradeXYZ live order book, 10 min ago1.19 bp10.7 bp −$11doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CRCLUSDT−0.1001%8h92.160+0.207%$16.2M$34.6M25xas long as short
Vest CRCL-USD-PERPlong−0.0074%1h91.970long leg$31K25x
Coinbase International CRCL-PERP-INTX−0.0016%1h92.080+0.120%$908K$501K10xas long as short
Aster CRCLUSDT0.0000%8h92.115+0.158%$1.1M$4.9M20xas long as short
Extended CRCL_24_5-USD0.0000%1h92.074+0.113%$1.1M$5.7M10xas long as short
Binance CRCLUSDT0.0000%8h92.091+0.132%$105.0M$386.1M50xas long as short
Bybit CRCLUSDT0.0000%8h92.130+0.174%$15.2M$25.9M50xas long as short
RISEx CRCL/USDC0.0000%1h92.208+0.258%$421K$298K10xas long as short
Gate CRCL_USDT0.0000%8h92.150+0.196%$7.2M$27.0M50xas long as short
Variational Omni CRCL0.0000%8h92.126+0.170%$2.5M$3.2Mas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CRCL_USDT_Perp0.0000%8h92.034+0.070%$68K$1.1M10xas long as short
Phemex CRCLUSDT0.0000%4h92.180+0.228%$1.0M$49K10xas long as short
OKX CRCL-USDT-SWAP+0.0006%8h92.130+0.174%$21.6M$59.8M50xas long as short
Aftermath Perps CRCLUSD+0.0023%1h92.065+0.103%$2K$24K5xas long as short
QFEX CRCL-USD+0.0023%1h92.180+0.228%$1.3M$2.0M10xas long as short
Lighter RH CRCL+0.0032%1h92.198+0.248%$978K$2.9M10xas long as short
Arcus CRCL-USD+0.0040%1h92.050+0.087%$93K$273K10xas long as short
tradeXYZ xyz:CRCLshort+0.0050%1h92.086+0.126%$68.6M$41.4M10x
Polymarket Perps CRCL-USD+0.0050%1h92.150+0.196%$359K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h92.148+0.194%$46K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h92.020+0.054%$1.0M$5.2M10xas long as short
Paradex CRCL-USD-PERP+0.0081%8h92.203+0.253%$756$7405xas long as short
Pacifica CRCL+0.0100%1h92.199+0.249%$133K$156K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h92.110+0.152%$2.7M$2.0M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h92.000+0.033%$68K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h92.140+0.185%$919$2K10xas long as short
Aevo CRCL-PERP+0.0104%1h92.169+0.217%$410xas long as short
BloFin CRCL-USDT+0.0120%8h92.180+0.228%$1.1M$1.3M20xas long as short
Phoenix CRCL+0.0183%1h92.176+0.224%$27K$84K10xas long as short
Lighter CRCL+0.0208%1h92.167+0.214%$3.0M$2.4M10xas long as short
Nado CRCL-PERP+0.0218%1h92.147+0.193%$131K$104K3xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0293%1h92.170+0.217%$4K$767K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.530+0.609%$5K$19K30xas long as short
edgeX CRCLUSDC+0.0747%4h91.992+0.024%$23K$249K10xas long as short