CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.051%

Price spread now: Arcus against Coinbase International+0.120%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)−0.149%−$15 · spread now +0.120%, 7d avg −0.016%

Together, before fees−0.162%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.136% dearer against Coinbase International than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CRCL-PERP-INTX	91.840	−0.0008	get 0.0001% / 1h	3m 35s	$906K	$564K	10x
Short	Arcus CRCL-USD	91.950	0.0040	get 0.0005% / 1h	3m 35s	$93K	$269K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now +0.120%Rate

Funding earned: $10.14
Price spread: +0.120% → −0.016%: $13.57
Slippage, 4 orders: −$26.31
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$17.11
Costs to cover: 0.408%
Break-even: 18.8 days

Slippage from Coinbase International: live order book, 65 min ago; Arcus: live order book, 65 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 Coinbase International live order book, 65 min ago	1.06 bp	6.1 bp −$6	10.6 bp −$106	doesn't fit	doesn't fit
Sell Arcus live order book, 65 min ago	3.19 bp	10.1 bp −$10	14.3 bp −$143	doesn't fit	doesn't fit

CRCL on 33 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	−0.0956%	8h	92.040	+0.218%	$15.9M	$34.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0062%	1h	91.770	−0.076%	—	$40K	25x	as long as short
Gate CRCL_USDT	−0.0048%	8h	92.020	+0.196%	$7.1M	$26.9M	50x	as long as short
Coinbase International CRCL-PERP-INTXlong	−0.0008%	1h	91.840	long leg	$906K	$564K	10x
Bybit CRCLUSDT	0.0000%	8h	92.010	+0.185%	$15.0M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.000	+0.174%	$420K	$298K	10x	as long as short
Variational Omni CRCL	0.0000%	8h	91.989	+0.162%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.022	+0.198%	$63K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.970	+0.142%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	91.936	+0.105%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.033	+0.210%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USDshort	+0.0040%	1h	91.950	+0.120%	$93K	$269K	10x
Binance CRCLUSDT	+0.0045%	8h	91.970	+0.142%	$104.7M	$387.6M	50x	as long as short
OKX CRCL-USDT-SWAP	+0.0046%	8h	92.020	+0.196%	$21.8M	$59.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0048%	1h	91.978	+0.150%	$1.1M	$5.7M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.953	+0.123%	$69.0M	$41.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.010	+0.185%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.973	+0.145%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.950	+0.120%	$1.0M	$5.3M	10x	as long as short
Aster CRCLUSDT	+0.0055%	8h	92.044	+0.222%	$1.1M	$4.9M	20x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.010	+0.185%	$1.3M	$2.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0072%	8h	92.026	+0.202%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.985	+0.158%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.030	+0.207%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.930	+0.098%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.020	+0.196%	$917	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.004	+0.178%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0166%	1h	91.893	+0.057%	$131K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0185%	1h	92.040	+0.218%	$4K	$769K	10x	as long as short
Lighter CRCL	+0.0208%	1h	92.043	+0.221%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.910	+0.076%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.260	+0.457%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0966%	4h	91.955	+0.125%	$23K	$267K	10x	as long as short