CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.66 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against Binance−0.011%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 2 days (all we have)+0.067%+$7 · spread now −0.011%, 7d avg +0.024%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.035% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	91.940	0.0066	pay 0.0066% / 8h	6h 24m	$104.9M	$393.1M	50x
Short	Gate CRCL_USDT	91.930	0	get 0.0000% / 8h	6h 24m	$7.1M	$26.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.011%Rate

Funding earned: −$13.82
Price spread: −0.011% → +0.024%: −$3.49
Slippage, 4 orders: −$13.89
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.2
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	0.54 bp	5.9 bp −$6	8.7 bp −$87	30.7 bp −$3,073	188.0 bp −$94.0K
Sell Gate live order book, 5 min ago	2.71 bp	11.6 bp −$12	30.9 bp −$309	doesn't fit	doesn't fit

CRCL on 33 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	−0.0634%	8h	91.990	+0.054%	$16.0M	$35.4M	25x	as long as short
Vest CRCL-USD-PERP	−0.0025%	1h	91.790	−0.163%	—	$40K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.950	+0.011%	$915K	$583K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.920	−0.022%	$15.0M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.003	+0.068%	$420K	$299K	10x	as long as short
Gate CRCL_USDTshort	0.0000%	8h	91.930	−0.011%	$7.1M	$26.6M	50x
Variational Omni CRCL	0.0000%	8h	92.310	+0.402%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.172	+0.252%	$71K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.020	+0.087%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0025%	1h	92.084	+0.156%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	91.931	−0.010%	$977K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.110	+0.185%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.860	−0.087%	$69.1M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.947	+0.008%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.880	−0.065%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.980	+0.044%	$1.0M	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.970	+0.033%	$1.3M	$2.4M	10x	as long as short
Extended CRCL_24_5-USD	+0.0064%	1h	91.899	−0.044%	$1.1M	$5.7M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0066%	8h	91.950	+0.011%	$21.8M	$60.2M	50x	as long as short
Binance CRCLUSDTlong	+0.0066%	8h	91.940	long leg	$104.9M	$393.1M	50x
Aster CRCLUSDT	+0.0074%	8h	92.002	+0.067%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0077%	8h	92.018	+0.084%	$755	$740	5x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0077%	1h	91.860	−0.087%	$4K	$769K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.028	+0.096%	$129K	$153K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.000	+0.065%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.240	+0.326%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.960	+0.022%	$917	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.878	−0.068%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0158%	1h	91.955	+0.017%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0224%	1h	91.934	−0.007%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	92.115	+0.190%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.730	+0.859%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0566%	4h	92.183	+0.264%	$23K	$267K	10x	as long as short