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 +0.032%

Price spread now: Extended against Coinbase International−0.125%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.137%+$14 · spread now −0.125%, 7d avg +0.013%

Together, before fees+0.127%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.138% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of +0.013%). If the spread goes back, that is −$14 on $10k: about 9.6 days of funding at the current rate (+$1 a day).

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	1m 13s	$906K	$552K	10x
Short	Extended CRCL_24_5-USD	91.725	0.0040	get 0.0005% / 1h	1m 13s	$1.1M	$5.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.125%Rate

Funding earned: $10.08
Price spread: −0.125% → +0.013%: −$13.78
Slippage, 4 orders: −$20.37
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$39.06
Costs to cover: 0.354%
Break-even: 34.1 days

Slippage from Coinbase International: live order book, 2 min ago; Extended: 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 Coinbase International live order book, 2 min ago	7.08 bp	12.6 bp −$13	17.3 bp −$173	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.16 bp	5.4 bp −$5	35.8 bp −$358	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	−0.0971%	8h	91.870	+0.033%	$15.9M	$34.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0065%	1h	91.620	−0.240%	—	$40K	25x	as long as short
Gate CRCL_USDT	−0.0057%	8h	91.790	−0.054%	$7.1M	$27.0M	50x	as long as short
Coinbase International CRCL-PERP-INTXlong	−0.0008%	1h	91.840	long leg	$906K	$552K	10x
Bybit CRCLUSDT	0.0000%	8h	91.770	−0.076%	$15.0M	$25.6M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.877	+0.040%	$420K	$297K	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	91.980	+0.153%	$63K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.810	−0.033%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	91.876	+0.039%	$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	91.777	−0.069%	$972K	$2.9M	10x	as long as short
Extended CRCL_24_5-USDshort	+0.0040%	1h	91.725	−0.125%	$1.1M	$5.7M	10x
Arcus CRCL-USD	+0.0040%	1h	91.920	+0.087%	$93K	$269K	10x	as long as short
Binance CRCLUSDT	+0.0043%	8h	91.737	−0.112%	$104.5M	$387.4M	50x	as long as short
OKX CRCL-USDT-SWAP	+0.0044%	8h	91.780	−0.065%	$21.7M	$58.9M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.732	−0.118%	$68.8M	$41.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.757	−0.090%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.760	−0.087%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.750	−0.098%	$1.0M	$5.3M	10x	as long as short
Aster CRCLUSDT	+0.0052%	8h	91.792	−0.053%	$1.1M	$4.9M	20x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.840	0.000%	$1.3M	$2.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0072%	8h	91.923	+0.090%	$754	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.904	+0.070%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.850	+0.011%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.910	+0.076%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.740	−0.109%	$915	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.737	−0.112%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0170%	1h	91.743	−0.106%	$131K	$104K	3x	as long as short
Lighter CRCL	+0.0208%	1h	91.793	−0.051%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	92.028	+0.205%	$27K	$92K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0404%	1h	91.760	−0.087%	$4K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.370	+0.577%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0786%	4h	91.980	+0.153%	$23K	$268K	10x	as long as short