CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.051%

Price spread now: tradeXYZ against Arcus−0.049%7-day average +0.028% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Arcus Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.342%+$34 · spread now −0.049%, 7d avg +0.028%

Together, before fees+0.281%+ Points / potential airdroptradeXYZ: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.077% cheaper against Arcus than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.028%). If the spread goes back, that is −$8 on $10k: about 26 days of funding at the current rate ($0 a day). Mind the row above: over the last 4 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CRCL-USD	91.870	0.0040	pay 0.0005% / 1h	14m 58s	$93K	$272K	10x
Short	tradeXYZ xyz:CRCL	91.825	0.0050	get 0.0006% / 1h	14m 58s	$68.3M	$42.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.049%Rate

Funding earned: $2.04
Price spread: −0.049% → +0.028%: −$7.69
Slippage, 4 orders: −$20.43
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$48.57
Costs to cover: 0.429%
Break-even: 173.5 days

Slippage from Arcus: live order book, 38 min ago; tradeXYZ: live order book, 4 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	2.71 bp	10.7 bp −$11	16.1 bp −$161	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.87 bp	10.6 bp −$11	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
Bitget CRCLUSDT	−0.0682%	8h	91.960	+0.098%	$16.6M	$35.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0061%	1h	91.690	−0.196%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.910	+0.044%	$14.8M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.970	+0.109%	$7.3M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.919	+0.053%	$2.5M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.950	+0.087%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0018%	8h	91.948	+0.085%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.895	+0.027%	$1.2M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0027%	8h	91.910	+0.044%	$104.7M	$392.5M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.913	+0.047%	$974K	$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	91.884	+0.015%	$2K	$25K	5x	as long as short
Arcus CRCL-USDlong	+0.0040%	1h	91.870	long leg	$93K	$272K	10x
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	−0.109%	$911K	$519K	10x	as long as short
tradeXYZ xyz:CRCLshort	+0.0050%	1h	91.825	−0.049%	$68.3M	$42.1M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	91.920	+0.054%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.878	+0.009%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.840	−0.033%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.920	+0.054%	$1.3M	$1.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0070%	8h	91.920	+0.055%	$423	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0092%	8h	91.970	+0.109%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0097%	8h	91.920	+0.054%	$22.3M	$61.8M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.933	+0.068%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.920	+0.054%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.850	−0.022%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.920	+0.054%	$916	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.891	+0.022%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.944	+0.081%	$419K	$299K	10x	as long as short
BloFin CRCL-USDT	+0.0107%	8h	91.930	+0.065%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0182%	1h	91.884	+0.015%	$27K	$82K	10x	as long as short
edgeX CRCLUSDC	+0.0203%	4h	91.943	+0.080%	$51K	$277K	10x	as long as short
Lighter CRCL	+0.0264%	1h	91.907	+0.040%	$3.0M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0295%	1h	91.860	−0.011%	$4K	$768K	10x	as long as short
Nado CRCL-PERP	+0.0353%	1h	91.885	+0.016%	$134K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.533%	$5K	$19K	30x	as long as short