CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0174%/8h= −19.0% APRnext payment −$1.74 per $10,000 · paid last 24h −0.036%

Price spread now: Bybit against Binance0.000%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days+0.021%+$2 · spread now 0.000%, 7d avg +0.034%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.034% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	91.550	0.0225	pay 0.0225% / 8h	7h 51m	$105.2M	$388.3M	50x
Short	Bybit CRCLUSDT	91.550	0.0051	get 0.0051% / 8h	7h 51m	$14.9M	$26.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$36.52
Price spread: 0.000% → +0.034%: −$3.36
Slippage, 4 orders: −$13.42
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$74.3
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bybit: 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, 8 min ago	0.55 bp	6.3 bp −$6	10.9 bp −$109	41.2 bp −$4,124	doesn't fit
Sell Bybit live order book, 3 min ago	1.09 bp	11.2 bp −$11	18.8 bp −$188	190.0 bp −$19.0K	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	−0.0245%	8h	91.580	+0.033%	$17.4M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0089%	1h	91.310	−0.262%	—	$31K	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.540	−0.011%	$1.0M	$48K	10x	as long as short
Gate CRCL_USDT	+0.0019%	8h	91.560	+0.011%	$7.8M	$26.2M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.564	+0.015%	$986K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.270	−0.306%	$873K	$502K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	91.367	−0.200%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.470	−0.087%	$95K	$287K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.480	−0.076%	$67.5M	$44.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.460	−0.098%	$378K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0050%	1h	91.431	−0.130%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.300	−0.273%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDTshort	+0.0051%	8h	91.550	0.000%	$14.9M	$26.6M	50x
QFEX CRCL-USD	+0.0065%	1h	91.410	−0.153%	$1.3M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.410	−0.153%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.410	−0.153%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.210	−0.371%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.490	−0.066%	$912	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.568	+0.020%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0147%	8h	91.470	−0.087%	$2.4M	$3.3M	—	as long as short
Paradex CRCL-USD-PERP	+0.0147%	8h	91.389	−0.176%	$420	$766	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0151%	8h	91.371	−0.196%	$62K	$1.1M	10x	as long as short
Lighter CRCL	+0.0208%	1h	91.544	−0.007%	$2.9M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0209%	8h	91.444	−0.116%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0224%	1h	91.517	−0.036%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDTlong	+0.0225%	8h	91.550	long leg	$105.2M	$388.3M	50x
Phoenix CRCL	+0.0254%	1h	91.239	−0.340%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0293%	8h	91.570	+0.022%	$22.3M	$61.8M	50x	as long as short
Nado CRCL-PERP	+0.0299%	1h	91.493	−0.062%	$135K	$109K	3x	as long as short
BloFin CRCL-USDT	+0.0345%	8h	91.530	−0.022%	$1.1M	$1.7M	20x	as long as short
edgeX CRCLUSDC	+0.0355%	4h	91.326	−0.244%	$52K	$270K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.284%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.419	−0.143%	$413K	$259K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0625%	1h	91.550	0.000%	$5K	$769K	10x	as long as short