Funding you earn now, next payment 01:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h −0.088%
Price spread now: Arcus against edgeX−0.030%54s7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.366% of the position
Funding, last 3 days (all we have)−0.446%−$45 on $10k
+Price spread, last 3 days (all we have)−0.189%−$19 · spread now −0.030%, 7d avg −0.058%
=Together, before fees−0.634%+ Points / potential airdropedgeX: Active · farm board−$63 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Arcus is 0.028% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.058%. Mind the row above: over the last 3 days funding on this pair cost −0.446%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX CRCLUSDC | 94.309 | 0.0464 | pay 0.0232% / 4h | 3h 34m | $24K | $268K | 10x |
| Short | Arcus CRCL-USD | 94.280 | 0.0521 | get 0.0065% / 1h | 34m 16s | $96K | $276K | 10x |
edgeX CRCLUSDC
Arcus CRCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $11.8
- Price spread: −0.030% → −0.058%
- $2.78
- Slippage, 4 orders
- −$23.06
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$21.98
- Costs to cover
- 0.366%
- Break-even
- 20.0 days
Slippage from edgeX: live order book, 38 min ago; Arcus: live order book, 39 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 edgeX live order book, 38 min ago | 5.82 bp | 11.2 bp −$11 | 23.3 bp −$233 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 39 min ago | 2.12 bp | 6.3 bp −$6 | 9.0 bp −$90 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0064% | 1h | 94.100 | −0.221% | $941K | $619K | 10x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 94.330 | +0.023% | $7.2M | $27.0M | 50x | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 94.341 | +0.034% | $68K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 94.320 | +0.012% | $1.0M | $51K | 10x | as long as short |
| Bybit CRCLUSDT | +0.0012% | 8h | 94.320 | +0.012% | $15.5M | $25.8M | 50x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 94.328 | +0.021% | $891K | $2.8M | 10x | as long as short |
| QFEX CRCL-USD | +0.0042% | 1h | 94.300 | −0.009% | $1.4M | $2.6M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0043% | 1h | 94.245 | −0.068% | $2K | $22K | 5x | as long as short |
| Vest CRCL-USD-PERP | +0.0046% | 1h | 94.180 | −0.136% | — | $37K | 25x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 94.242 | −0.071% | $71.7M | $42.2M | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Gate CRCL_USDT
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Bybit CRCLUSDT
Lighter RH CRCL
QFEX CRCL-USD
Aftermath Perps CRCLUSD
Vest CRCL-USD-PERP
tradeXYZ xyz:CRCLShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 94.281 | −0.029% | $365K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 94.304 | −0.005% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 94.180 | −0.136% | $1.1M | $5.8M | 10x | as long as short |
| Bitget CRCLUSDT | +0.0052% | 8h | 94.370 | +0.065% | $17.0M | $34.9M | 25x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 94.249 | −0.063% | $75K | $99K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 94.350 | +0.044% | $3.0M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 94.230 | −0.083% | $69K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 94.290 | −0.020% | $940 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 94.314 | +0.006% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0107% | 8h | 94.303 | −0.006% | $773 | $740 | 5x | as long as short |
| Variational Omni CRCL | +0.0137% | 8h | 94.330 | +0.023% | $2.5M | $3.1M | — | as long as short |
| OKX CRCL-USDT-SWAP | +0.0156% | 8h | 94.320 | +0.012% | $22.8M | $59.8M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0200% | 1h | 94.293 | −0.017% | $1.1M | $5.6M | 10x | as long as short |
| Binance CRCLUSDT | +0.0200% | 8h | 94.305 | −0.004% | $109.3M | $387.1M | 50x | as long as short |
| Aster CRCLUSDT | +0.0206% | 8h | 94.323 | +0.015% | $1.1M | $4.9M | 20x | as long as short |
| Nado CRCL-PERP | +0.0226% | 1h | 94.229 | −0.084% | $132K | $76K | 3x | as long as short |
| Phoenix CRCL | +0.0296% | 1h | 94.307 | −0.002% | $28K | $92K | 10x | as long as short |
| Lighter CRCL | +0.0296% | 1h | 94.344 | +0.037% | $3.0M | $2.2M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0323% | 8h | 94.320 | +0.012% | $1.1M | $560K | 20x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0387% | 1h | 94.310 | +0.001% | $4K | $771K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 94.730 | +0.447% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDClong | +0.0464% | 4h | 94.309 | long leg | $24K | $268K | 10x | |
| Arcus CRCL-USDshort | +0.0521% | 1h | 94.280 | −0.030% | $96K | $276K | 10x | |
| RISEx CRCL/USDC | +0.0677% | 1h | 94.307 | −0.001% | $430K | $299K | 10x | as long as short |
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
Bitget CRCLUSDT
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Variational Omni CRCL
OKX CRCL-USDT-SWAP
Extended CRCL_24_5-USD
Binance CRCLUSDT
Aster CRCLUSDT
Nado CRCL-PERP
Phoenix CRCL
Lighter CRCL
BloFin CRCL-USDT
Deribit CRCL_USDC-PERPETUAL
Injective CRCL/USDC PERP
RISEx CRCL/USDC