CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0103%/8h= −11.3% APRnext payment −$1.03 per $10,000 · paid last 24h −0.039%

Price spread now: Gate against BloFin+0.022%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.022%, 7d avg +0.025%

Together, before fees−0.239%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRCL-USDT	91.460	0.0103	pay 0.0103% / 8h	2h 35m	$1.1M	$1.6M	20x
Short	Gate CRCL_USDT	91.480	0	get 0.0000% / 8h	2h 35m	$7.4M	$27.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.022%Rate

Funding earned: −$21.61
Price spread: +0.022% → +0.025%: −$0.32
Slippage, 4 orders: −$22.01
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$70.95
Costs to cover: 0.490%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Gate: 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	2.19 bp	10.6 bp −$11	13.4 bp −$134	29.0 bp −$2,900	doesn't fit
Sell Gate live order book, 3 min ago	2.74 bp	15.9 bp −$16	25.3 bp −$253	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	−0.0850%	8h	91.560	+0.109%	$16.6M	$36.2M	25x	as long as short
Vest CRCL-USD-PERP	−0.0070%	1h	91.150	−0.339%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.450	−0.011%	$14.6M	$26.9M	50x	as long as short
Gate CRCL_USDTshort	0.0000%	8h	91.480	+0.022%	$7.4M	$27.1M	50x
Variational Omni CRCL	0.0000%	8h	91.361	−0.108%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.450	−0.011%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0014%	8h	91.466	+0.006%	$1.0M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.468	+0.009%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0026%	8h	91.480	+0.022%	$104.0M	$394.8M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.494	+0.037%	$974K	$2.9M	10x	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	91.320	−0.153%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	91.390	−0.077%	$2K	$26K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.434	−0.028%	$383K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.441	−0.021%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.360	−0.109%	$996K	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.420	−0.044%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.450	−0.011%	$911K	$526K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0073%	1h	91.412	−0.052%	$68.4M	$43.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0092%	8h	91.440	−0.022%	$421	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.420	−0.044%	$134K	$162K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.410	−0.055%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.310	−0.164%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.460	0.000%	$912	$2K	10x	as long as short
BloFin CRCL-USDTlong	+0.0103%	8h	91.460	long leg	$1.1M	$1.6M	20x
GRVT CRCL_USDT_Perp	+0.0104%	8h	91.328	−0.144%	$62K	$1.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.474	+0.016%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0112%	8h	91.470	+0.011%	$22.2M	$62.0M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.460	0.000%	$416K	$294K	10x	as long as short
Phoenix CRCL	+0.0210%	1h	91.130	−0.361%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0240%	1h	91.485	+0.027%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0307%	1h	91.424	−0.040%	$133K	$108K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0406%	1h	91.470	+0.011%	$4K	$768K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.040	+0.634%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0858%	4h	91.307	−0.167%	$52K	$277K	10x	as long as short