CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h +0.009%

Price spread now: tradeXYZ against Coinbase International−0.033%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.033%, 7d avg +0.005%

Together, before fees−0.095%+ Points / potential airdroptradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.038% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.005%). If the spread goes back, that is −$4 on $10k: about 2.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.111%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CRCL-PERP-INTX	91.310	0.0056	pay 0.0007% / 1h	40m 33s	$889K	$604K	10x
Short	tradeXYZ xyz:CRCL	91.280	0.0114	get 0.0014% / 1h	40m 33s	$67.6M	$44.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.033%Rate

Funding earned: $12.23
Price spread: −0.033% → +0.005%: −$3.76
Slippage, 4 orders: −$12.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$32.21
Costs to cover: 0.407%
Break-even: 25.4 days

Slippage from Coinbase International: live order book, 3 min ago; tradeXYZ: live order book, 9 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, 3 min ago	1.10 bp	6.1 bp −$6	10.8 bp −$108	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	1.10 bp	10.1 bp −$10	doesn't fit	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	−0.0719%	8h	91.470	+0.175%	$17.4M	$37.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	91.080	−0.252%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.350	+0.044%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.390	+0.088%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.349	+0.043%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.370	+0.066%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.298	−0.014%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.320	+0.011%	$93K	$289K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.340	+0.033%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.310	0.000%	$1.1M	$5.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTXlong	+0.0056%	1h	91.310	long leg	$889K	$604K	10x
QFEX CRCL-USD	+0.0068%	1h	91.340	+0.033%	$1.3M	$1.8M	10x	as long as short
Lighter RH CRCL	+0.0080%	1h	91.361	+0.056%	$976K	$2.7M	10x	as long as short
Aster CRCLUSDT	+0.0082%	8h	91.379	+0.076%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0095%	8h	91.350	+0.044%	$104.5M	$397.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.330	+0.022%	$1.0M	$5.2M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.310	0.000%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.340	+0.033%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.350	+0.044%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.360	+0.055%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.347	+0.041%	$4	—	10x	as long as short
tradeXYZ xyz:CRCLshort	+0.0114%	1h	91.280	−0.033%	$67.6M	$44.4M	10x
Polymarket Perps CRCL-USD	+0.0151%	1h	91.339	+0.032%	$383K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0168%	8h	91.331	+0.023%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0187%	8h	91.384	+0.081%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0190%	8h	91.350	+0.044%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0213%	8h	91.390	+0.088%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.381	+0.078%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.365	+0.060%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0304%	1h	91.364	+0.059%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0433%	1h	91.250	−0.066%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.548%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0765%	4h	91.348	+0.041%	$52K	$278K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0846%	1h	91.340	+0.033%	$5K	$769K	10x	as long as short