CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.82 per $10,000 · paid last 24h −0.008%

Price spread now: KuCoin against Binance−0.011%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1031.031% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.011%, 7d avg +0.009%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.020% cheaper against Binance than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.009%). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.062% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	91.990	0.0018	pay 0.0018% / 8h	3h 46m	$104.8M	$390.8M	50x
Short	KuCoin CRCLUSDTM	91.980	0.0100	get 0.0100% / 8h	3h 46m	$2.7M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.011%Rate

Funding earned: $17.31
Price spread: −0.011% → +0.009%: −$2.02
Slippage, 4 orders: −$81.12
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$87.83
Costs to cover: 1.031%
Break-even: 42.5 days

Slippage from Binance: live order book, 12 min ago; KuCoin: 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, 12 min ago	0.54 bp	6.1 bp −$6	9.0 bp −$90	32.1 bp −$3,207	doesn't fit
Sell KuCoin live order book, 5 min ago	2.17 bp	25.6 bp −$26	doesn't fit	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	−0.0696%	8h	92.010	+0.022%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.730	−0.283%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.980	−0.011%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.020	+0.033%	$7.3M	$27.2M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.019	+0.031%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.040	+0.054%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0013%	8h	92.013	+0.025%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.924	−0.072%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDTlong	+0.0018%	8h	91.990	long leg	$104.8M	$390.8M	50x
Aftermath Perps CRCLUSD	+0.0040%	1h	91.965	−0.027%	$2K	$25K	5x	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	91.990	0.000%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	−0.109%	$907K	$491K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.909	−0.088%	$68.3M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.934	−0.061%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.948	−0.046%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.940	−0.054%	$1.0M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.910	−0.087%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0068%	8h	92.019	+0.032%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0070%	8h	91.990	0.000%	$22.3M	$61.6M	50x	as long as short
BloFin CRCL-USDT	+0.0070%	8h	92.040	+0.054%	$1.1M	$1.3M	20x	as long as short
Lighter RH CRCL	+0.0072%	1h	91.948	−0.046%	$974K	$2.9M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.921	−0.075%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.980	−0.011%	$2.7M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.960	−0.033%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.960	−0.033%	$917	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.986	−0.004%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.965	−0.027%	$418K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0132%	8h	91.939	−0.055%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	92.006	+0.017%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0296%	1h	91.957	−0.036%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0384%	1h	91.856	−0.145%	$134K	$106K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0402%	1h	92.030	+0.043%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0440%	4h	91.999	+0.010%	$51K	$276K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.550	+0.609%	$5K	$19K	30x	as long as short