CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1324%/8h= +145.0% APRnext payment +$13.24 per $10,000 · paid last 24h −0.027%

Price spread now: GRVT against Bitget−0.065%83s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.386% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.065%, 7d avg −0.013%

Together, before fees−0.142%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.052% cheaper against Bitget than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.013%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$40 a day). Mind the row above: over the last 7 days funding on this pair cost −0.166%, so the current rate has only just turned in your favour. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$13.24 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	91.670	−0.1324	get 0.1324% / 8h	5h 34m	$15.8M	$34.5M	25x
Short	GRVT CRCL_USDT_Perp	91.610	0	get 0.0000% / 8h	5h 34m	$65K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.065%Rate

Funding earned: $278.04
Price spread: −0.065% → −0.013%: −$5.22
Slippage, 4 orders: −$17.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $234.27
Costs to cover: 0.386%
Break-even: 1.1 days

Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.09 bp	9.6 bp −$10	16.1 bp −$161	39.7 bp −$3,970	doesn't fit
Sell GRVT live order book, 4 min ago	1.64 bp	10.9 bp −$11	18.0 bp −$180	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 CRCLUSDTlong	−0.1324%	8h	91.670	long leg	$15.8M	$34.5M	25x
Vest CRCL-USD-PERP	−0.0076%	1h	91.400	−0.295%	—	$35K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.450	−0.240%	$902K	$527K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.598	−0.079%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.614	−0.061%	$104.3M	$384.6M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.650	−0.022%	$15.0M	$25.7M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.625	−0.049%	$418K	$297K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.630	−0.044%	$7.1M	$26.6M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.607	−0.069%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perpshort	0.0000%	8h	91.610	−0.065%	$65K	$1.1M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit CRCL_USDC-PERPETUAL	0.0000%	1h	91.610	−0.065%	$4K	$767K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.610	−0.065%	$1.0M	$49K	10x	as long as short
Aster CRCLUSDT	+0.0008%	8h	91.632	−0.041%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0013%	8h	91.650	−0.022%	$21.5M	$59.4M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0020%	1h	91.514	−0.170%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.570	−0.109%	$1.3M	$2.1M	10x	as long as short
BloFin CRCL-USDT	+0.0027%	8h	91.640	−0.033%	$1.1M	$1.3M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.647	−0.025%	$973K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.550	−0.131%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.572	−0.107%	$68.5M	$41.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.602	−0.074%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.599	−0.077%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.470	−0.218%	$996K	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0067%	8h	91.642	−0.031%	$751	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.605	−0.071%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.610	−0.065%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.560	−0.120%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.620	−0.055%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.603	−0.073%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0179%	1h	91.606	−0.070%	$131K	$104K	3x	as long as short
Phoenix CRCL	+0.0183%	1h	91.604	−0.072%	$27K	$84K	10x	as long as short
Lighter CRCL	+0.0200%	1h	91.645	−0.027%	$3.0M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.200	+0.578%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0562%	4h	91.573	−0.106%	$23K	$267K	10x	as long as short