CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0769%/8h= +84.2% APRnext payment +$7.69 per $10,000 · paid last 24h −0.004%

Price spread now: Binance against Bitget−0.054%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.054%, 7d avg −0.034%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.020% cheaper against Bitget than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of −0.034%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$23 a day). Mind the row above: over the last 7 days funding on this pair cost −0.114%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.69 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRCLUSDT	92.270	−0.0762	get 0.0762% / 8h	3h 56m	$16.7M	$35.4M	25x
Short	Binance CRCLUSDT	92.220	0.0007	get 0.0007% / 8h	3h 56m	$105.0M	$390.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.054%Rate

Funding earned: $161.55
Price spread: −0.054% → −0.034%: −$2.05
Slippage, 4 orders: −$9.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $128.44
Costs to cover: 0.311%
Break-even: 1.4 days

Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 2 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 Bitget live order book, 2 min ago	1.63 bp	9.7 bp −$10	15.7 bp −$157	31.7 bp −$3,170	doesn't fit
Sell Binance live order book, 2 min ago	0.54 bp	6.5 bp −$7	9.9 bp −$99	30.4 bp −$3,044	136.7 bp −$68.3K

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 CRCLUSDTlong	−0.0762%	8h	92.270	long leg	$16.7M	$35.4M	25x
Vest CRCL-USD-PERP	−0.0068%	1h	92.000	−0.293%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.220	−0.054%	$15.0M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.280	+0.011%	$7.3M	$27.2M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.199	−0.077%	$2.5M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.210	−0.065%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0007%	8h	92.154	−0.125%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDTshort	+0.0007%	8h	92.220	−0.054%	$105.0M	$390.4M	50x
Extended CRCL_24_5-USD	+0.0008%	1h	92.210	−0.065%	$1.1M	$5.7M	10x	as long as short
BloFin CRCL-USDT	+0.0029%	8h	92.270	0.000%	$1.1M	$1.3M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.235	−0.038%	$976K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	92.152	−0.128%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.150	−0.130%	$94K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	92.090	−0.195%	$909K	$492K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0049%	8h	92.264	−0.007%	$64K	$1.1M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.133	−0.148%	$68.6M	$41.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.214	−0.061%	$360K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.231	−0.042%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.150	−0.130%	$1.0M	$5.2M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0054%	8h	92.230	−0.043%	$22.3M	$61.6M	50x	as long as short
QFEX CRCL-USD	+0.0060%	1h	92.220	−0.054%	$1.3M	$2.0M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.200	−0.076%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.210	−0.065%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.170	−0.108%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.240	−0.033%	$920	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.245	−0.027%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	92.249	−0.023%	$419K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0123%	8h	92.216	−0.059%	$424	$905	5x	as long as short
Phoenix CRCL	+0.0148%	1h	92.219	−0.055%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0280%	1h	92.218	−0.056%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0351%	1h	92.165	−0.113%	$131K	$105K	3x	as long as short
edgeX CRCLUSDC	+0.0429%	4h	92.238	−0.035%	$51K	$275K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.660	+0.423%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0618%	1h	92.240	−0.033%	$4K	$768K	10x	as long as short