CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0122%/8h= +13.4% APRnext payment +$1.22 per $10,000 · paid last 24h +0.026%

Price spread now: BloFin against Binance−0.026%71s7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.368% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.259%+$26 on $10k

Price spread, last 2 days (all we have)+0.138%+$14 · spread now −0.026%, 7d avg +0.013%

Together, before fees+0.397%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.039% cheaper against Binance than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.013%). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$4 a day). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	94.194	0.0184	pay 0.0184% / 8h	1h 14m	$108.3M	$388.4M	50x
Short	BloFin CRCL-USDT	94.170	0.0306	get 0.0306% / 8h	1h 14m	$1.1M	$580K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.026%Rate

Funding earned: $25.67
Price spread: −0.026% → +0.013%: −$3.88
Slippage, 4 orders: −$14.77
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$14.98
Costs to cover: 0.368%
Break-even: 11.1 days

Slippage from Binance: live order book, 15 min ago; BloFin: live order book, 3 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, 15 min ago	0.53 bp	6.3 bp −$6	11.1 bp −$111	37.6 bp −$3,761	182.4 bp −$91.2K
Sell BloFin live order book, 3 min ago	3.71 bp	10.2 bp −$10	15.7 bp −$157	57.6 bp −$5,764	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	94.220	+0.027%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.190	−0.005%	$1.0M	$52K	10x	as long as short
edgeX CRCLUSDC	+0.0003%	4h	94.285	+0.097%	$24K	$268K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.241	+0.050%	$888K	$2.9M	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.220	+0.027%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.130	−0.068%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0048%	1h	94.228	+0.036%	$2K	$20K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.179	−0.016%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.190	−0.005%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.110	−0.089%	$1.1M	$5.8M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	94.100	−0.100%	$936K	$730K	10x	as long as short
Bybit CRCLUSDT	+0.0085%	8h	94.230	+0.038%	$15.5M	$25.8M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	94.150	−0.047%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.250	+0.059%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.220	+0.027%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.200	+0.006%	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.220	+0.028%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0138%	8h	94.263	+0.073%	$2.5M	$3.2M	—	as long as short
Paradex CRCL-USD-PERP	+0.0139%	8h	94.194	−0.001%	$772	$740	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0151%	8h	94.270	+0.080%	$63K	$1.2M	10x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.200	+0.006%	$430K	$310K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0176%	1h	94.183	−0.012%	$70.6M	$42.8M	10x	as long as short
Binance CRCLUSDTlong	+0.0184%	8h	94.194	long leg	$108.3M	$388.4M	50x
Extended CRCL_24_5-USD	+0.0184%	1h	94.176	−0.019%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0202%	8h	94.230	+0.038%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0204%	8h	94.190	−0.005%	$22.7M	$60.3M	50x	as long as short
Phoenix CRCL	+0.0212%	1h	94.272	+0.083%	$28K	$92K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	94.180	−0.015%	$96K	$275K	10x	as long as short
Nado CRCL-PERP	+0.0262%	1h	94.139	−0.059%	$126K	$73K	3x	as long as short
Lighter CRCL	+0.0288%	1h	94.240	+0.049%	$3.0M	$2.3M	10x	as long as short
BloFin CRCL-USDTshort	+0.0306%	8h	94.170	−0.026%	$1.1M	$580K	20x
Bitget CRCLUSDT	+0.0319%	8h	94.210	+0.017%	$16.7M	$35.1M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.760	+0.601%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0494%	1h	94.200	+0.006%	$4K	$772K	10x	as long as short