CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.51 per $10,000 · paid last 24h −0.001%

Price spread now: Bitget against Binance+0.011%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 2 days (all we have)+0.031%+$3 · spread now +0.011%, 7d avg +0.029%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	94.710	0.0244	pay 0.0244% / 8h	1m 29s	$109.6M	$390.9M	50x
Short	Bitget CRCLUSDT	94.720	0.0295	get 0.0295% / 8h	1m 29s	$17.1M	$35.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.011%Rate

Funding earned: $10.66
Price spread: +0.011% → +0.029%: −$1.88
Slippage, 4 orders: −$12.35
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.57
Costs to cover: 0.343%
Break-even: 23.8 days

Slippage from Binance: live order book, 12 min ago; Bitget: live order book, 7 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 Binance live order book, 12 min ago	0.53 bp	7.3 bp −$7	11.6 bp −$116	35.2 bp −$3,517	167.3 bp −$83.7K
Sell Bitget live order book, 7 min ago	1.59 bp	9.7 bp −$10	16.6 bp −$166	71.5 bp −$7,146	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
Gate CRCL_USDT	0.0000%	8h	94.710	0.000%	$7.3M	$27.8M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.670	−0.042%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.670	−0.042%	$1.4M	$2.8M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.737	+0.029%	$895K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.400	−0.327%	$939K	$722K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.520	−0.201%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0048%	1h	94.598	−0.118%	$2K	$21K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.680	−0.032%	$367K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.666	−0.046%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.630	−0.084%	$1.1M	$5.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	94.632	−0.082%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.690	−0.021%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.570	−0.148%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.660	−0.053%	$944	$3K	10x	as long as short
Bybit CRCLUSDT	+0.0100%	8h	94.730	+0.021%	$15.6M	$25.9M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.673	−0.039%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0116%	8h	94.726	+0.017%	$777	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0146%	1h	94.681	−0.031%	$71.7M	$43.6M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0172%	8h	94.710	0.000%	$22.9M	$60.9M	50x	as long as short
Variational Omni CRCL	+0.0184%	8h	94.552	−0.167%	$2.5M	$3.1M	—	as long as short
edgeX CRCLUSDC	+0.0216%	4h	94.705	−0.005%	$24K	$269K	10x	as long as short
Extended CRCL_24_5-USD	+0.0240%	1h	94.692	−0.020%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0244%	8h	94.617	−0.098%	$1.1M	$4.9M	20x	as long as short
Binance CRCLUSDTlong	+0.0244%	8h	94.710	long leg	$109.6M	$390.9M	50x
GRVT CRCL_USDT_Perp	+0.0246%	8h	94.580	−0.137%	$54K	$1.1M	10x	as long as short
Nado CRCL-PERP	+0.0263%	1h	94.664	−0.049%	$133K	$76K	3x	as long as short
Phoenix CRCL	+0.0288%	1h	94.679	−0.033%	$28K	$92K	10x	as long as short
Bitget CRCLUSDTshort	+0.0295%	8h	94.720	+0.011%	$17.1M	$35.6M	25x
Lighter CRCL	+0.0304%	1h	94.731	+0.022%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0362%	8h	94.700	−0.011%	$1.1M	$604K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.897%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.710	0.000%	$97K	$276K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.715	+0.005%	$432K	$303K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1019%	1h	94.700	−0.011%	$4K	$772K	10x	as long as short