CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0122%/8h= −13.4% APRnext payment −$1.22 per $10,000 · paid last 24h −0.045%

Price spread now: KuCoin against BloFin−0.542%605s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1271.274% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 3 days (all we have)+0.532%+$53 · spread now −0.542%, 7d avg −0.005%

Together, before fees+0.336%+$34 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 KuCoin is 0.537% cheaper against BloFin than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 605 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRCL-USDT	92.330	0.0222	pay 0.0222% / 8h	6h 38m	$1.1M	$1.1M	20x
Short	KuCoin CRCLUSDTM	91.830	0.0100	get 0.0100% / 8h	6h 38m	$2.9M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.542%Rate

Funding earned: −$25.72
Price spread: −0.542% → −0.005%: −$53.67
Slippage, 4 orders: −$103.43
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$206.82
Costs to cover: 1.274%
Break-even: never at this rate

Slippage from BloFin: live order book, 13 min ago; KuCoin: 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, 13 min ago	2.69 bp	9.3 bp −$9	15.5 bp −$155	49.3 bp −$4,932	doesn't fit
Sell KuCoin live order book, 3 min ago	2.17 bp	45.4 bp −$45	doesn't fit	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	−0.0216%	8h	91.890	−0.477%	$16.0M	$35.4M	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.650	−0.736%	$912K	$584K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.840	−0.531%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.725	−0.656%	$419K	$301K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.890	−0.477%	$7.2M	$26.3M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.910	−0.455%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.820	−0.552%	$1.0M	$49K	10x	as long as short
Variational Omni CRCL	+0.0004%	8h	91.891	−0.476%	$2.5M	$3.2M	—	as long as short
Vest CRCL-USD-PERP	+0.0009%	1h	91.530	−0.866%	—	$37K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0027%	1h	92.068	−0.284%	$2K	$22K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	91.814	−0.559%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.940	−0.422%	$93K	$272K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.789	−0.586%	$69.2M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.647	−0.740%	$354K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.734	−0.646%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.760	−0.617%	$1.0M	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.670	−0.715%	$1.3M	$2.4M	10x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	91.815	−0.558%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0084%	8h	91.831	−0.541%	$104.8M	$393.2M	50x	as long as short
Aster CRCLUSDT	+0.0084%	8h	91.799	−0.575%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0085%	8h	91.708	−0.674%	$752	$740	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0086%	8h	91.840	−0.531%	$21.7M	$60.1M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.767	−0.610%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.830	−0.542%	$2.9M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	92.210	−0.130%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.780	−0.596%	$915	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.793	−0.581%	$4	—	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0186%	1h	91.810	−0.563%	$4K	$769K	10x	as long as short
Nado CRCL-PERP	+0.0192%	1h	91.732	−0.648%	$130K	$103K	3x	as long as short
Lighter CRCL	+0.0200%	1h	91.831	−0.540%	$3.0M	$2.4M	10x	as long as short
BloFin CRCL-USDTlong	+0.0222%	8h	92.330	long leg	$1.1M	$1.1M	20x
Phoenix CRCL	+0.0231%	1h	91.923	−0.441%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.270	−0.065%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0628%	4h	92.314	−0.017%	$23K	$267K	10x	as long as short