CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.03 per $10,000 · paid last 24h −0.028%

Price spread now: OKX against BloFin−0.043%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

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

costs, in and out, $10k−$310.305% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.246%−$25 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.043%, 7d avg +0.014%

Together, before fees−0.166%−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.057% cheaper against BloFin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRCL-USDT	92.010	0.0068	pay 0.0068% / 8h	3h 45m	$1.1M	$1.4M	20x
Short	OKX CRCL-USDT-SWAP	91.970	0.0071	get 0.0071% / 8h	3h 45m	$22.3M	$61.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0.57
Price spread: −0.043% → +0.014%: −$5.72
Slippage, 4 orders: −$8.55
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$35.7
Costs to cover: 0.305%
Break-even: 444.7 days

Slippage from BloFin: live order book, 2 min ago; OKX: live order book, 4 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	1.09 bp	9.0 bp −$9	13.5 bp −$135	37.3 bp −$3,731	doesn't fit
Sell OKX live order book, 4 min ago	0.54 bp	5.5 bp −$6	8.2 bp −$82	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	−0.0696%	8h	91.980	−0.033%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.700	−0.337%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.960	−0.054%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.000	−0.011%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.979	−0.034%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.960	−0.054%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0012%	8h	91.999	−0.012%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.904	−0.115%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0017%	8h	91.930	−0.087%	$104.7M	$390.8M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.940	−0.077%	$2K	$25K	5x	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	91.970	−0.043%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	−0.130%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.841	−0.184%	$68.2M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.903	−0.116%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.928	−0.089%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.900	−0.120%	$1.0M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.940	−0.076%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0068%	8h	92.019	+0.010%	$70K	$1.1M	10x	as long as short
BloFin CRCL-USDTlong	+0.0068%	8h	92.010	long leg	$1.1M	$1.4M	20x
OKX CRCL-USDT-SWAPshort	+0.0071%	8h	91.970	−0.043%	$22.3M	$61.6M	50x
Lighter RH CRCL	+0.0072%	1h	91.949	−0.066%	$974K	$2.9M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.928	−0.090%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.940	−0.076%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.920	−0.098%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.920	−0.098%	$916	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.915	−0.104%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.940	−0.076%	$418K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0132%	8h	91.911	−0.107%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	91.939	−0.077%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0280%	1h	91.927	−0.090%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0385%	1h	91.856	−0.168%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.550	+0.587%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0529%	4h	92.039	+0.031%	$51K	$277K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0730%	1h	91.960	−0.054%	$4K	$768K	10x	as long as short