Settings8H · net · $10k
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Funding arb · Price arb / RWA

CRCL

RWAAll CRCL markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotCRCLXUSDT
67.465spotno funding——$1.2M1xBuy Bybit Spot
SHORT
BybitCRCLUSDT
67.420+0.0017get 0.0017% / 8h7h 45m$13.8M$23.0M50xShort Bybit
Price gap−0.067%
Funding gap+0.0017% /8h

Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$29+0.0017% /8h now · paid +0.289% over the last 7D
Price+$1spread −0.067% now, avg −0.076% → +0.010% if it goes back
Costs−$910.912% of $10k · taker + slippage, in and out
Result−$61−0.61%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.067%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CRCL on 45 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Watch: Thin at this size36.8 / 10.7 bp
    At $10k entering Bybit Spot costs 36.8 bp, fee and slippage, 3.4× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; Bybit runs at up to 50x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: +$0.51Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, +$0.51.
  • Note: Gap at its usual level−0.067% vs −0.076%
    The price leg adds little either way.
  • Note: Spot has no open interest$13.8M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0138%/8h × 21 periods+$28.95
Price spread−0.067% → −0.076% (7d avg)+$0.96
Slippage, 4 orderslive order books−$60.18
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$61.27
Costs to cover0.912%Break-even21.8 days
Slippage: Bybit Spot: live order book, 15 min ago; Bybit: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot6.0436.8 bp−$37doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit2.2310.7 bp−$1121.0 bp−$210100.1 bp−$10.0Kdoesn’t fit

Closing costs about the same again.

Alert

CRCL news

posts that mention CRCL or Circle Internet Group, from every exchange
11-04 19:06Ondo PerpsOtherEligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗
11-04 16:01PhoenixOther$13.9T of USDC moved onchain last quarter, up 49% from a year ago. Circle reported Q3 revenue of $865M this morning, up 17%. Trade $CRCL on Phoenix, 24/7. @PhoenixTrade on X ↗
11-03 16:43EntropyListingNew Listing: Circle ($CRCL) at 15x Leverage. @entropyIO on X ↗
11-03 16:03EntropyListingnew market io:CRCL ($CRCL) seen by our collector
11-03 12:30OKXOtherThis week, $SHOP, $AMD, $CRCL & $QCOM report earnings after market close. Trade both names 24/7 with Tokenized Stocks, or take a long or short view with up to 10x leverage on X-Perps. Markets move. You do too. @okx on X ↗
11-03 11:10BulkOtherSTOCK SZN CONTINUES Trade $NVDA, $CRCL and $MSTR up to 10x leverage! >Fees are 55% off on all RWAs >This weeks gauntlet is stock szn >You get to tell your parents your an equities investor What are you waiting for? @bulktrade on X ↗