CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0138%/8h= −15.1% APRnext payment −$1.38 per $10,000 · paid last 24h −0.054%

Price spread now: Bybit against BloFin−0.065%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.065%, 7d avg +0.025%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.091% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRCL-USDT	91.700	0.0138	pay 0.0138% / 8h	2h 50m	$1.1M	$1.6M	20x
Short	Bybit CRCLUSDT	91.640	0	get 0.0000% / 8h	2h 50m	$14.7M	$26.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$28.89
Price spread: −0.065% → +0.025%: −$9.07
Slippage, 4 orders: −$18.21
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$79.17
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 3 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	1.64 bp	9.6 bp −$10	11.4 bp −$114	25.8 bp −$2,585	doesn't fit
Sell Bybit live order book, 3 min ago	0.55 bp	10.6 bp −$11	18.5 bp −$185	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 CRCLUSDT	−0.0747%	8h	91.720	+0.022%	$16.7M	$36.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.370	−0.360%	—	$31K	25x	as long as short
Bybit CRCLUSDTshort	0.0000%	8h	91.640	−0.065%	$14.7M	$26.7M	50x
Gate CRCL_USDT	0.0000%	8h	91.700	0.000%	$7.4M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.669	−0.034%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.640	−0.065%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0024%	8h	91.689	−0.012%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.681	−0.021%	$974K	$2.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0032%	1h	91.638	−0.067%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0034%	8h	91.660	−0.044%	$104.5M	$393.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.590	−0.120%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	91.609	−0.099%	$2K	$26K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.635	−0.071%	$384K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.648	−0.057%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.600	−0.109%	$1.0M	$5.1M	10x	as long as short
edgeX CRCLUSDC	+0.0053%	4h	91.553	−0.160%	$51K	$276K	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.610	−0.098%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0066%	1h	91.613	−0.095%	$68.0M	$42.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.400	−0.327%	$911K	$521K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0095%	8h	91.631	−0.076%	$422	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.635	−0.071%	$134K	$162K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.640	−0.065%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.520	−0.196%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.670	−0.033%	$914	$2K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0104%	8h	91.609	−0.099%	$62K	$1.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.655	−0.049%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0114%	8h	91.680	−0.022%	$22.3M	$61.9M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.665	−0.039%	$417K	$299K	10x	as long as short
BloFin CRCL-USDTlong	+0.0138%	8h	91.700	long leg	$1.1M	$1.6M	20x
Phoenix CRCL	+0.0210%	1h	91.482	−0.238%	$27K	$82K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0296%	1h	91.650	−0.055%	$4K	$768K	10x	as long as short
Lighter CRCL	+0.0376%	1h	91.670	−0.033%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0382%	1h	91.605	−0.103%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.050	+0.382%	$5K	$19K	30x	as long as short