CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h −0.060%

Price spread now: Coinbase International against Arcus+0.011%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.011%, 7d avg +0.010%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CRCL-USD	91.780	0.0040	pay 0.0005% / 1h	5m 52s	$95K	$292K	10x
Short	Coinbase International CRCL-PERP-INTX	91.790	0.0056	get 0.0007% / 1h	5m 52s	$894K	$441K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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 ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now +0.011%Rate

Funding earned: $3.3
Price spread: +0.011% → +0.010%: $0.06
Slippage, 4 orders: −$27.08
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$38.22
Costs to cover: 0.416%
Break-even: 88.0 days

Slippage from Arcus: live order book, 38 min ago; Coinbase International: live order book, 37 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 Arcus live order book, 38 min ago	4.38 bp	12.5 bp −$12	16.1 bp −$161	doesn't fit	doesn't fit
Sell Coinbase International live order book, 37 min ago	1.10 bp	13.7 bp −$14	19.7 bp −$197	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
Bitget CRCLUSDT	−0.0392%	8h	91.930	+0.163%	$17.7M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	91.610	−0.185%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.830	+0.054%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.940	+0.174%	$7.9M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.830	+0.054%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0039%	8h	91.738	−0.046%	$2.4M	$3.2M	—	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.786	+0.007%	$2K	$28K	5x	as long as short
Arcus CRCL-USDlong	+0.0040%	1h	91.780	long leg	$95K	$292K	10x
SoDEX CRCL-USD	+0.0050%	1h	91.839	+0.064%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.730	−0.054%	$1.1M	$5.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0056%	1h	91.849	+0.075%	$982K	$2.7M	10x	as long as short
Coinbase International CRCL-PERP-INTXshort	+0.0056%	1h	91.790	+0.011%	$894K	$441K	10x
QFEX CRCL-USD	+0.0068%	1h	91.860	+0.087%	$1.3M	$1.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.850	+0.076%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.810	+0.033%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.700	−0.087%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.850	+0.076%	$916	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.851	+0.078%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0113%	1h	91.789	+0.010%	$67.9M	$44.2M	10x	as long as short
Aster CRCLUSDT	+0.0129%	8h	91.780	0.000%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0143%	8h	91.850	+0.076%	$105.1M	$397.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0144%	1h	91.834	+0.059%	$1.0M	$5.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0150%	1h	91.855	+0.082%	$385K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0191%	8h	91.846	+0.072%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0215%	8h	91.823	+0.046%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0231%	8h	91.850	+0.076%	$22.3M	$62.5M	50x	as long as short
Phoenix CRCL	+0.0245%	1h	91.769	−0.012%	$27K	$82K	10x	as long as short
BloFin CRCL-USDT	+0.0259%	8h	91.930	+0.163%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.890	+0.120%	$418K	$266K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.853	+0.080%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0427%	1h	91.735	−0.049%	$134K	$109K	3x	as long as short
edgeX CRCLUSDC	+0.0435%	4h	91.758	−0.024%	$52K	$277K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.270	+0.534%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1276%	1h	91.860	+0.087%	$5K	$769K	10x	as long as short