CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.67 per $10,000 · paid last 24h −0.023%

Price spread now: GRVT against Binance−0.062%7-day average +0.018% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.062%, 7d avg +0.018%

Together, before fees−0.021%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.080% cheaper against Binance than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.018%). If the spread goes back, that is −$8 on $10k: about 4.0 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.052%, 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	Binance CRCLUSDT	92.030	0.0032	pay 0.0032% / 8h	3h 29m	$104.7M	$392.2M	50x
Short	GRVT CRCL_USDT_Perp	91.973	0.0099	get 0.0099% / 8h	3h 29m	$70K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.062%Rate

Funding earned: $14.07
Price spread: −0.062% → +0.018%: −$7.96
Slippage, 4 orders: −$9.62
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$22.51
Costs to cover: 0.286%
Break-even: 18.2 days

Slippage from Binance: live order book, 14 min ago; GRVT: 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 Binance live order book, 14 min ago	0.54 bp	6.3 bp −$6	10.6 bp −$106	30.8 bp −$3,076	doesn't fit
Sell GRVT live order book, 4 min ago	2.72 bp	8.7 bp −$9	26.2 bp −$262	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	−0.0701%	8h	92.050	+0.022%	$16.7M	$35.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0063%	1h	91.770	−0.283%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.020	−0.011%	$14.9M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.060	+0.033%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.099	+0.075%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.010	−0.022%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0023%	8h	92.036	+0.007%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDTlong	+0.0032%	8h	92.030	long leg	$104.7M	$392.2M	50x
Lighter RH CRCL	+0.0032%	1h	92.052	+0.024%	$976K	$2.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0032%	1h	91.994	−0.039%	$1.2M	$5.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.950	−0.087%	$93K	$272K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	91.923	−0.116%	$2K	$25K	5x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	−0.152%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.958	−0.078%	$68.3M	$41.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.990	−0.043%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.091	+0.066%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.980	−0.054%	$1.0M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	92.010	−0.022%	$1.3M	$1.9M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0096%	8h	92.040	+0.011%	$22.3M	$61.8M	50x	as long as short
GRVT CRCL_USDT_Perpshort	+0.0099%	8h	91.973	−0.062%	$70K	$1.1M	10x
Pacifica CRCL	+0.0100%	1h	92.014	−0.017%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.960	−0.076%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.970	−0.065%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.000	−0.033%	$917	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.008	−0.024%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	92.030	0.000%	$418K	$299K	10x	as long as short
BloFin CRCL-USDT	+0.0114%	8h	92.020	−0.011%	$1.1M	$1.6M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0140%	8h	91.871	−0.173%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	91.924	−0.115%	$27K	$82K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0185%	1h	92.020	−0.011%	$4K	$768K	10x	as long as short
Lighter CRCL	+0.0288%	1h	92.026	−0.004%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0371%	1h	91.996	−0.037%	$134K	$107K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.350	+0.348%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0652%	4h	91.906	−0.135%	$51K	$277K	10x	as long as short