CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.07 per $10,000 · paid last 24h +0.026%

Price spread now: OKX against Bybit−0.022%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.022%, 7d avg −0.019%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRCLUSDT	92.050	0	get 0.0000% / 8h	5h 06m	$15.2M	$25.9M	50x
Short	OKX CRCL-USDT-SWAP	92.030	0.0007	get 0.0007% / 8h	5h 06m	$21.6M	$59.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $1.55
Price spread: −0.022% → −0.019%: −$0.3
Slippage, 4 orders: −$12.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.37
Costs to cover: 0.336%
Break-even: 153.3 days

Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 2 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 Bybit live order book, 2 min ago	1.09 bp	9.1 bp −$9	16.6 bp −$166	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.54 bp	6.9 bp −$7	13.6 bp −$136	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	−0.1042%	8h	92.040	−0.011%	$16.0M	$34.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0075%	1h	91.900	−0.163%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	92.080	+0.033%	$908K	$501K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.013	−0.041%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	92.050	0.000%	$105.1M	$386.2M	50x	as long as short
Bybit CRCLUSDTlong	0.0000%	8h	92.050	long leg	$15.2M	$25.9M	50x
RISEx CRCL/USDC	0.0000%	1h	92.033	−0.019%	$420K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.090	+0.043%	$7.2M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.197	+0.160%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.212	+0.176%	$68K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	92.140	+0.098%	$1.0M	$49K	10x	as long as short
BloFin CRCL-USDT	+0.0001%	8h	92.100	+0.054%	$1.1M	$1.3M	20x	as long as short
Aster CRCLUSDT	+0.0007%	8h	92.100	+0.054%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAPshort	+0.0007%	8h	92.030	−0.022%	$21.6M	$59.7M	50x
Aftermath Perps CRCLUSD	+0.0023%	1h	92.079	+0.031%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.980	−0.076%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.073	+0.025%	$977K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.090	+0.043%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.009	−0.045%	$68.6M	$41.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.100	+0.054%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.082	+0.035%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.960	−0.098%	$1.0M	$5.2M	10x	as long as short
edgeX CRCLUSDC	+0.0057%	4h	92.204	+0.167%	$23K	$248K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0076%	1h	92.120	+0.076%	$4K	$767K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0084%	8h	92.008	−0.046%	$754	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.040	−0.011%	$133K	$156K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.100	+0.054%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.140	+0.098%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.130	+0.087%	$919	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.101	+0.055%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	92.176	+0.137%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0224%	1h	92.105	+0.060%	$131K	$104K	3x	as long as short
Lighter CRCL	+0.0224%	1h	92.069	+0.021%	$3.0M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.530	+0.521%	$5K	$19K	30x	as long as short