CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0940%/8h= +102.9% APRnext payment +$9.40 per $10,000 · paid last 24h +0.032%

Price spread now: BloFin against Bitget−0.044%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.044%, 7d avg −0.038%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.146% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.40 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	91.430	−0.0721	get 0.0721% / 8h	1h 30m	$17.4M	$37.0M	25x
Short	BloFin CRCL-USDT	91.390	0.0219	get 0.0219% / 8h	1h 30m	$1.1M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.044%Rate

Funding earned: $197.36
Price spread: −0.044% → −0.038%: −$0.55
Slippage, 4 orders: −$11.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $161.05
Costs to cover: 0.358%
Break-even: 1.3 days

Slippage from Bitget: live order book, 3 min ago; BloFin: 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, 3 min ago	1.09 bp	9.0 bp −$9	13.0 bp −$130	33.4 bp −$3,341	doesn't fit
Sell BloFin live order book, 2 min ago	1.64 bp	8.2 bp −$8	12.0 bp −$120	32.2 bp −$3,217	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 CRCLUSDTlong	−0.0721%	8h	91.430	long leg	$17.4M	$37.0M	25x
Vest CRCL-USD-PERP	−0.0087%	1h	91.020	−0.448%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.420	−0.011%	$14.7M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.420	−0.011%	$7.8M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.259	−0.187%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.380	−0.055%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.399	−0.034%	$977K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.278	−0.166%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.260	−0.186%	$94K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.339	−0.100%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.120	−0.339%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.252%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.330	−0.109%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0076%	1h	91.313	−0.128%	$67.5M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0085%	8h	91.424	−0.007%	$1.0M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.388	−0.046%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0099%	8h	91.410	−0.022%	$104.5M	$397.5M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.284	−0.160%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.320	−0.120%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.290	−0.153%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.380	−0.055%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.382	−0.053%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0133%	1h	91.316	−0.125%	$382K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0159%	8h	91.250	−0.197%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0186%	8h	91.369	−0.067%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0199%	8h	91.420	−0.011%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDTshort	+0.0219%	8h	91.390	−0.044%	$1.1M	$1.7M	20x
Phoenix CRCL	+0.0245%	1h	91.232	−0.217%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.303	−0.139%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0288%	1h	91.414	−0.017%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0412%	1h	91.302	−0.140%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.720	+0.317%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0626%	1h	91.390	−0.044%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0795%	4h	91.298	−0.145%	$52K	$278K	10x	as long as short