CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0110%/8h= +12.0% APRnext payment +$1.10 per $10,000 · paid last 24h −0.023%

Price spread now: Gate against Bitget−0.229%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days+0.223%+$22 · spread now −0.229%, 7d avg +0.004%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.233% cheaper against Bitget than usual: you would sell low and buy high (spread −0.229% now, against its 7-day average of +0.004%). If the spread goes back, that is −$23 on $10k: about 7.1 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.081%, 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	Bitget CRCLUSDT	91.810	0	get 0.0000% / 8h	7h 22m	$17.6M	$36.0M	25x
Short	Gate CRCL_USDT	91.600	0.0110	get 0.0110% / 8h	7h 22m	$7.8M	$26.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.229%Rate

Funding earned: $23.1
Price spread: −0.229% → +0.004%: −$23.3
Slippage, 4 orders: −$22.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.23
Costs to cover: 0.490%
Break-even: 21.9 days

Slippage from Bitget: live order book, 6 min ago; Gate: live order book, 1 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, 6 min ago	1.10 bp	9.4 bp −$9	15.1 bp −$151	54.9 bp −$5,490	doesn't fit
Sell Gate live order book, 1 min ago	2.19 bp	15.7 bp −$16	35.3 bp −$353	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
Vest CRCL-USD-PERP	−0.0106%	1h	91.350	−0.501%	—	$31K	25x	as long as short
Bitget CRCLUSDTlong	0.0000%	8h	91.810	long leg	$17.6M	$36.0M	25x
GRVT CRCL_USDT_Perp	0.0000%	8h	90.695	−1.214%	$71K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.320	−0.534%	$1.0M	$47K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.643	−0.182%	$986K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.190	−0.675%	$939K	$565K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	90.849	−1.047%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.670	−0.152%	$95K	$278K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.751	−0.064%	$67.7M	$43.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.615	−0.212%	$378K	$999K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0050%	1h	91.141	−0.729%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.290	−0.566%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.640	−0.185%	$1.4M	$1.7M	10x	as long as short
Bybit CRCLUSDT	+0.0080%	8h	91.720	−0.098%	$15.0M	$26.7M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.610	−0.218%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.400	−0.447%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	90.690	−1.220%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.150	−0.719%	$909	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.351	−0.500%	$4	—	10x	as long as short
Gate CRCL_USDTshort	+0.0110%	8h	91.600	−0.229%	$7.8M	$26.6M	50x
Paradex CRCL-USD-PERP	+0.0124%	8h	91.665	−0.158%	$422	$766	5x	as long as short
Variational Omni CRCL	+0.0136%	8h	90.587	−1.332%	$2.4M	$3.3M	—	as long as short
Lighter CRCL	+0.0192%	1h	91.716	−0.102%	$2.9M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0203%	8h	91.321	−0.532%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0216%	1h	91.593	−0.236%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0221%	8h	91.673	−0.149%	$105.1M	$386.2M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	90.698	−1.211%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0287%	8h	91.810	0.000%	$22.3M	$62.0M	50x	as long as short
BloFin CRCL-USDT	+0.0332%	8h	91.320	−0.534%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0352%	1h	91.693	−0.127%	$135K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	90.790	−1.111%	$106K	$121K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.637	−0.188%	$414K	$256K	10x	as long as short
edgeX CRCLUSDC	+0.0732%	4h	90.668	−1.244%	$52K	$269K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0736%	1h	91.350	−0.501%	$5K	$760K	10x	as long as short