CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0313%/8h= +34.3% APRnext payment +$3.13 per $10,000 · paid last 24h +0.042%

Price spread now: OKX against Bitget−0.032%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.032%, 7d avg −0.017%

Together, before fees−0.085%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.078%, 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 -0.078% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.13 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	92.740	0	get 0.0000% / 8h	7h 02m	$17.9M	$35.1M	25x
Short	OKX CRCL-USDT-SWAP	92.710	0.0313	get 0.0313% / 8h	7h 02m	$22.6M	$59.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $65.77
Price spread: −0.032% → −0.017%: −$1.53
Slippage, 4 orders: −$11.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $30.92
Costs to cover: 0.333%
Break-even: 3.7 days

Slippage from Bitget: live order book, 2 min ago; OKX: 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, 2 min ago	1.62 bp	11.6 bp −$12	18.1 bp −$181	58.5 bp −$5,851	doesn't fit
Sell OKX live order book, 1 min ago	0.54 bp	6.3 bp −$6	12.2 bp −$122	122.4 bp −$12.2K	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	−0.0076%	1h	92.510	−0.248%	—	$31K	25x	as long as short
Bitget CRCLUSDTlong	0.0000%	8h	92.740	long leg	$17.9M	$35.1M	25x
Phemex CRCLUSDT	0.0000%	4h	92.720	−0.022%	$1.0M	$46K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.728	−0.013%	$994K	$2.5M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	92.510	−0.248%	$899K	$673K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	92.692	−0.052%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.730	−0.011%	$97K	$270K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.628	−0.121%	$68.0M	$42.7M	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.620	−0.129%	$1.1M	$4.3M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	92.740	0.000%	$1.4M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CRCL_USDT	+0.0069%	8h	92.760	+0.022%	$7.4M	$28.0M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0086%	1h	92.715	−0.027%	$381K	$964K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.730	−0.011%	$136K	$140K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.730	−0.011%	$2.7M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.710	−0.032%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.710	−0.032%	$924	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.690	−0.054%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0171%	8h	92.696	−0.048%	$426	$766	5x	as long as short
Bybit CRCLUSDT	+0.0185%	8h	92.680	−0.065%	$15.1M	$26.2M	50x	as long as short
Lighter CRCL	+0.0208%	1h	92.700	−0.043%	$3.0M	$2.2M	10x	as long as short
Variational Omni CRCL	+0.0254%	8h	92.860	+0.129%	$2.4M	$3.2M	—	as long as short
Phoenix CRCL	+0.0254%	1h	92.745	+0.005%	$27K	$66K	10x	as long as short
Aster CRCLUSDT	+0.0309%	8h	92.700	−0.043%	$1.1M	$5.0M	20x	as long as short
OKX CRCL-USDT-SWAPshort	+0.0313%	8h	92.710	−0.032%	$22.6M	$59.7M	50x
Extended CRCL_24_5-USD	+0.0320%	1h	92.694	−0.050%	$1.1M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0322%	8h	92.690	−0.054%	$106.8M	$378.0M	50x	as long as short
Nado CRCL-PERP	+0.0363%	1h	92.674	−0.071%	$149K	$111K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.000	−0.798%	$39K	$172K	30x	as long as short
BloFin CRCL-USDT	+0.0441%	8h	92.760	+0.022%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	92.770	+0.032%	$415K	$255K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0614%	1h	92.660	−0.086%	$5K	$641K	10x	as long as short
SoDEX CRCL-USD	+0.0713%	1h	92.680	−0.065%	$46K	$3K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0771%	8h	92.761	+0.023%	$70K	$1.1M	10x	as long as short
edgeX CRCLUSDC	+0.0825%	4h	92.817	+0.083%	$53K	$269K	10x	as long as short