Funding you earn now, next payment 11:00 UTC−0.0301%/8h= −32.9% APRpaid last 24h −0.017%
Price spread now: Arcus against BloFin−0.011%95s7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.377% of the position
Funding, last 4 days (all we have)−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.011%, 7d avg −0.045%
=The price spread pays, funding is against you. Arcus is 0.034% dearer against BloFin than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.045%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 4 days (−0.086% in total) that is about 36 hours. The two prices were read 95 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 4 days it paid -0.086% in total (about -8.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CRCL-USDT | 93.130 | 0.0515 | pay 0.0515% / 8h | 5h 51m | $1.1M | $1.7M | 20x |
| Short | Arcus CRCL-USD | 93.120 | 0.0214 | get 0.0027% / 1h | 51m 33s | $94K | $213K | 10x |
BloFin CRCL-USDT
Arcus CRCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$63.11
- Price spread: −0.011% → −0.045%
- $3.39
- Slippage, 4 orders
- −$21.24
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$97.46
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Arcus: live order book, 59 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 BloFin live order book, 4 min ago | 3.76 bp | 11.7 bp −$12 | 13.9 bp −$139 | 29.8 bp −$2,977 | doesn't fit |
| Sell Arcus live order book, 59 min ago | 2.72 bp | 6.0 bp −$6 | 6.0 bp −$60 | doesn't fit | doesn't fit |
CRCL on 34 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0048% | 1h | 92.950 | −0.193% | $869K | $749K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.0009% | 1h | 93.000 | −0.140% | — | $30K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 93.150 | +0.021% | $15.1M | $25.1M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 93.200 | +0.075% | $18.5M | $33.4M | 25x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | 0.0000% | 1h | 93.070 | −0.064% | $5K | $415K | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 93.100 | −0.032% | $1.0M | $45K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 93.127 | −0.003% | $1.0M | $2.5M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0041% | 1h | 93.076 | −0.058% | $2K | $29K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 93.046 | −0.090% | $68.0M | $40.1M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 93.133 | +0.003% | $383K | $847K | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Vest CRCL-USD-PERP
Bybit CRCLUSDT
Bitget CRCLUSDT
Deribit CRCL_USDC-PERPETUAL
Phemex CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX CRCL-USD | +0.0050% | 1h | 93.108 | −0.024% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 93.020 | −0.118% | $1.0M | $3.8M | 10x | as long as short |
| QFEX CRCL-USD | +0.0055% | 1h | 93.110 | −0.021% | $1.3M | $1.6M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0072% | 1h | 92.090 | −1.117% | $38K | $172K | 30x | as long as short |
| Gate CRCL_USDT | +0.0099% | 8h | 93.170 | +0.043% | $7.5M | $25.2M | 50x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 93.090 | −0.043% | $139K | $141K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 93.150 | +0.021% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 93.060 | −0.075% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 93.100 | −0.032% | $928 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 93.122 | −0.008% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0119% | 8h | 93.092 | −0.041% | $428 | $477 | 5x | as long as short |
| Phoenix CRCL | +0.0197% | 1h | 93.094 | −0.039% | $27K | $66K | 10x | as long as short |
| Arcus CRCL-USDshort | +0.0214% | 1h | 93.120 | −0.011% | $94K | $213K | 10x | |
| edgeX CRCLUSDC | +0.0231% | 4h | 93.084 | −0.050% | $53K | $269K | 10x | as long as short |
| Nado CRCL-PERP | +0.0275% | 1h | 93.061 | −0.074% | $155K | $94K | 3x | as long as short |
| Lighter CRCL | +0.0312% | 1h | 93.148 | +0.019% | $3.0M | $2.1M | 10x | as long as short |
| Variational Omni CRCL | +0.0312% | 8h | 93.131 | +0.001% | $2.5M | $3.3M | — | as long as short |
| OKX CRCL-USDT-SWAP | +0.0324% | 8h | 93.150 | +0.021% | $23.0M | $57.0M | 50x | as long as short |
| Aster CRCLUSDT | +0.0384% | 8h | 93.139 | +0.010% | $1.1M | $4.5M | 20x | as long as short |
| Extended CRCL_24_5-USD | +0.0392% | 1h | 93.088 | −0.045% | $1.1M | $4.0M | 10x | as long as short |
| Binance CRCLUSDT | +0.0394% | 8h | 93.140 | +0.011% | $107.8M | $352.2M | 50x | as long as short |
| BloFin CRCL-USDTlong | +0.0515% | 8h | 93.130 | long leg | $1.1M | $1.7M | 20x | |
| RISEx CRCL/USDC | +0.0528% | 1h | 93.150 | +0.021% | $418K | $235K | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0793% | 8h | 93.146 | +0.017% | $61K | $1.0M | 10x | as long as short |
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Injective CRCL/USDC PERP
Gate CRCL_USDT
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Phoenix CRCL
edgeX CRCLUSDC
Nado CRCL-PERP
Lighter CRCL
Variational Omni CRCL
OKX CRCL-USDT-SWAP
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
RISEx CRCL/USDC
GRVT CRCL_USDT_Perp