Funding you earn now, next payment 09:00 UTC+0.0731%/8h= +80.0% APRpaid last 24h −0.024%
Price spread now: GRVT against Arcus+0.066%7-day average +0.093% · 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−$50as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 4 days (all we have)−0.097%−$10 on $10k
+Price spread, last 4 days (all we have)+0.535%+$53 · spread now +0.066%, 7d avg +0.093%
=Together, before fees+0.438%+ Points / potential airdropGRVT: Active · farm board+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.027% cheaper against Arcus than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.093%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 4 days funding on this pair cost −0.097%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.097% in total (about -9.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus CRCL-USD | 92.700 | 0.0040 | pay 0.0005% / 1h | 1m 31s | $97K | $270K | 10x |
| Short | GRVT CRCL_USDT_Perp | 92.761 | 0.0771 | get 0.0771% / 8h | 7h 01m | $70K | $1.1M | 10x |
Arcus CRCL-USD
GRVT CRCL_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $153.45
- Price spread: +0.066% → +0.093%
- −$2.67
- Slippage, 4 orders
- −$33.36
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $103.92
- Costs to cover
- 0.469%
- Break-even
- 2.3 days
Slippage from Arcus: live order book, 32 min ago; GRVT: live order book, 1 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, 32 min ago | 2.20 bp | 13.8 bp −$14 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 7.55 bp | 14.1 bp −$14 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | −0.0074% | 1h | 92.540 | −0.173% | — | $31K | 25x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 92.780 | +0.086% | $17.9M | $35.1M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.720 | +0.022% | $1.0M | $46K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 92.769 | +0.074% | $995K | $2.5M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0032% | 1h | 92.510 | −0.205% | $899K | $673K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0038% | 1h | 92.692 | −0.008% | $2K | $29K | 5x | as long as short |
| Arcus CRCL-USDlong | +0.0040% | 1h | 92.700 | long leg | $97K | $270K | 10x | |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 92.685 | −0.016% | $68.0M | $42.7M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 92.620 | −0.086% | $1.1M | $4.3M | 10x | as long as short |
| QFEX CRCL-USD | +0.0065% | 1h | 92.650 | −0.054% | $1.4M | $1.7M | 10x | as long as short |
Vest CRCL-USD-PERP
Bitget CRCLUSDT
Phemex CRCLUSDT
Lighter RH CRCL
Coinbase International CRCL-PERP-INTX
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Ondo Perps CRCL-USD.P
QFEX CRCL-USDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CRCL_USDT | +0.0075% | 8h | 92.750 | +0.054% | $7.3M | $28.1M | 50x | as long as short |
| Polymarket Perps CRCL-USD | +0.0090% | 1h | 92.739 | +0.042% | $381K | $964K | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.553 | −0.158% | $136K | $140K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.690 | −0.011% | $2.7M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 92.710 | +0.011% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.710 | +0.011% | $924 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.690 | −0.011% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0169% | 8h | 92.704 | +0.004% | $426 | $766 | 5x | as long as short |
| Bybit CRCLUSDT | +0.0193% | 8h | 92.750 | +0.054% | $15.1M | $26.2M | 50x | as long as short |
| Lighter CRCL | +0.0208% | 1h | 92.754 | +0.058% | $3.0M | $2.2M | 10x | as long as short |
| Variational Omni CRCL | +0.0254% | 8h | 92.860 | +0.172% | $2.4M | $3.2M | — | as long as short |
| Phoenix CRCL | +0.0254% | 1h | 92.745 | +0.049% | $27K | $66K | 10x | as long as short |
| Aster CRCLUSDT | +0.0310% | 8h | 92.700 | 0.000% | $1.1M | $5.0M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0313% | 8h | 92.770 | +0.076% | $22.6M | $59.6M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0320% | 1h | 92.685 | −0.016% | $1.1M | $5.0M | 10x | as long as short |
| Binance CRCLUSDT | +0.0323% | 8h | 92.720 | +0.022% | $106.9M | $377.8M | 50x | as long as short |
| Nado CRCL-PERP | +0.0363% | 1h | 92.650 | −0.054% | $149K | $111K | 3x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.000 | −0.755% | $39K | $172K | 30x | as long as short |
| BloFin CRCL-USDT | +0.0441% | 8h | 92.760 | +0.065% | $1.1M | $1.7M | 20x | as long as short |
| RISEx CRCL/USDC | +0.0501% | 1h | 92.770 | +0.076% | $415K | $255K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0614% | 1h | 92.660 | −0.043% | $5K | $641K | 10x | as long as short |
| SoDEX CRCL-USD | +0.0713% | 1h | 92.680 | −0.022% | $46K | $3K | 10x | as long as short |
| GRVT CRCL_USDT_Perpshort | +0.0771% | 8h | 92.761 | +0.066% | $70K | $1.1M | 10x | |
| edgeX CRCLUSDC | +0.0825% | 4h | 92.817 | +0.126% | $53K | $269K | 10x | as long as short |
Gate CRCL_USDT
Polymarket Perps CRCL-USD
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Bybit CRCLUSDT
Lighter CRCL
Variational Omni CRCL
Phoenix CRCL
Aster CRCLUSDT
OKX CRCL-USDT-SWAP
Extended CRCL_24_5-USD
Binance CRCLUSDT
Nado CRCL-PERP
Injective CRCL/USDC PERP
BloFin CRCL-USDT
RISEx CRCL/USDC
Deribit CRCL_USDC-PERPETUAL
SoDEX CRCL-USD
edgeX CRCLUSDC