CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.026%

Price spread now: Binance against BloFin+0.011%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

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

costs, in and out, $10k−$380.382% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.259%−$26 on $10k

Price spread, last 2 days (all we have)−0.185%−$18 · spread now +0.011%, 7d avg −0.010%

Together, before fees−0.444%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.021% dearer against BloFin than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.010%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRCL-USDT	94.400	0.0178	pay 0.0178% / 8h	2h 05m	$1.1M	$588K	20x
Short	Binance CRCLUSDT	94.410	0.0058	get 0.0058% / 8h	2h 05m	$108.4M	$389.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.011%Rate

Funding earned: −$25.2
Price spread: +0.011% → −0.010%: $2.1
Slippage, 4 orders: −$16.2
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$61.3
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Binance: live order book, 8 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, 2 min ago	3.71 bp	10.4 bp −$10	15.6 bp −$156	79.1 bp −$7,911	doesn't fit
Sell Binance live order book, 8 min ago	0.53 bp	7.8 bp −$8	14.2 bp −$142	43.0 bp −$4,297	182.9 bp −$91.5K

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
RISEx CRCL/USDC	0.0000%	1h	94.425	+0.026%	$431K	$310K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.420	+0.021%	$7.2M	$27.8M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.411	+0.011%	$50K	$1.2M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	0.0000%	1h	94.440	+0.042%	$4K	$771K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.430	+0.032%	$1.0M	$50K	10x	as long as short
Variational Omni CRCL	+0.0011%	8h	94.421	+0.022%	$2.5M	$3.2M	—	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.410	+0.011%	$1.4M	$2.7M	10x	as long as short
Bybit CRCLUSDT	+0.0030%	8h	94.420	+0.021%	$15.5M	$25.9M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.439	+0.041%	$881K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0043%	1h	94.432	+0.034%	$2K	$19K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CRCL-USD-PERP	+0.0046%	1h	94.360	−0.042%	—	$45K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.388	−0.013%	$70.9M	$42.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.419	+0.020%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.403	+0.003%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.290	−0.117%	$1.1M	$5.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0056%	1h	94.399	−0.001%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDTshort	+0.0058%	8h	94.410	+0.011%	$108.4M	$389.3M	50x
Aster CRCLUSDT	+0.0095%	8h	94.466	+0.070%	$1.1M	$4.8M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	94.416	+0.017%	$76K	$100K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.440	+0.042%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.360	−0.042%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.410	+0.011%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.439	+0.041%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0144%	8h	94.453	+0.056%	$775	$740	5x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.390	−0.011%	$939K	$743K	10x	as long as short
BloFin CRCL-USDTlong	+0.0178%	8h	94.400	long leg	$1.1M	$588K	20x
Nado CRCL-PERP	+0.0201%	1h	94.426	+0.028%	$127K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0211%	8h	94.420	+0.021%	$22.8M	$60.6M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.456	+0.059%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0288%	1h	94.453	+0.056%	$3.1M	$2.4M	10x	as long as short
Bitget CRCLUSDT	+0.0324%	8h	94.420	+0.021%	$16.7M	$35.2M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.920	+0.551%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.420	+0.021%	$97K	$274K	10x	as long as short
edgeX CRCLUSDC	+0.0614%	4h	94.419	+0.020%	$24K	$267K	10x	as long as short