Funding you earn now, next payment 08:00 UTC−0.1122%/8h= −122.9% APRpaid last 24h −0.113%
Price spread now: Bitget against edgeX−0.239%74s7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days−0.574%−$57 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.239%, 7d avg +0.030%
=Together, before fees−0.560%+ Points / potential airdropedgeX: Active · farm board−$56 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Bitget is 0.268% cheaper against edgeX than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.030%). Swap the legs. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.574% in total (about -29.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX CRCLUSDC | 91.779 | 0.0434 | pay 0.0217% / 4h | 3h 00m | $51K | $277K | 10x |
| Short | Bitget CRCLUSDT | 91.560 | −0.0688 | pay 0.0688% / 8h | 3h 00m | $16.6M | $35.9M | 25x |
edgeX CRCLUSDC
Bitget CRCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$235.7
- Price spread: −0.239% → +0.030%
- −$26.82
- Slippage, 4 orders
- −$20.1
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$303.62
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 52 min ago; Bitget: live order book, 4 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, 52 min ago | 5.97 bp | 11.5 bp −$11 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 1.09 bp | 8.8 bp −$9 | 14.3 bp −$143 | 41.1 bp −$4,113 | 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 CRCLUSDTshort | −0.0688% | 8h | 91.560 | −0.239% | $16.6M | $35.9M | 25x | |
| Vest CRCL-USD-PERP | −0.0062% | 1h | 91.300 | −0.522% | — | $31K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.490 | −0.315% | $14.7M | $26.7M | 50x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.540 | −0.260% | $7.3M | $27.6M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.529 | −0.272% | $2.4M | $3.2M | — | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.540 | −0.260% | $1.0M | $48K | 10x | as long as short |
| Aster CRCLUSDT | +0.0016% | 8h | 91.516 | −0.286% | $1.1M | $5.1M | 20x | as long as short |
| Extended CRCL_24_5-USD | +0.0024% | 1h | 91.445 | −0.363% | $1.1M | $5.6M | 10x | as long as short |
| Binance CRCLUSDT | +0.0026% | 8h | 91.489 | −0.316% | $104.3M | $392.9M | 50x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 91.546 | −0.254% | $971K | $2.9M | 10x | as long as short |
Vest CRCL-USD-PERP
Bybit CRCLUSDT
Gate CRCL_USDT
Variational Omni CRCL
Phemex CRCLUSDT
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
Lighter RH CRCLShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CRCLUSD | +0.0040% | 1h | 91.660 | −0.130% | $2K | $26K | 5x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.680 | −0.108% | $93K | $291K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0048% | 1h | 91.500 | −0.304% | $912K | $521K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.443 | −0.366% | $67.8M | $42.4M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.517 | −0.285% | $387K | $1.2M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.484 | −0.321% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.450 | −0.358% | $1.0M | $5.1M | 10x | as long as short |
| QFEX CRCL-USD | +0.0060% | 1h | 91.500 | −0.304% | $1.3M | $1.8M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0081% | 8h | 91.506 | −0.297% | $421 | $905 | 5x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0089% | 8h | 91.920 | +0.154% | $70K | $1.1M | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.537 | −0.264% | $135K | $160K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.550 | −0.249% | $2.7M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.750 | −0.031% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.470 | −0.337% | $912 | $2K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0101% | 8h | 91.500 | −0.304% | $22.3M | $61.6M | 50x | as long as short |
| BloFin CRCL-USDT | +0.0102% | 8h | 91.550 | −0.249% | $1.1M | $1.6M | 20x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.472 | −0.335% | $4 | — | 10x | as long as short |
| RISEx CRCL/USDC | +0.0107% | 1h | 91.530 | −0.271% | $417K | $299K | 10x | as long as short |
| Phoenix CRCL | +0.0182% | 1h | 91.810 | +0.034% | $27K | $82K | 10x | as long as short |
| Lighter CRCL | +0.0248% | 1h | 91.556 | −0.243% | $2.9M | $2.4M | 10x | as long as short |
| Nado CRCL-PERP | +0.0350% | 1h | 91.465 | −0.342% | $133K | $108K | 3x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0406% | 1h | 91.470 | −0.337% | $4K | $768K | 10x | as long as short |
| edgeX CRCLUSDClong | +0.0434% | 4h | 91.779 | long leg | $51K | $277K | 10x | |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.300 | +0.568% | $5K | $19K | 30x | as long as short |
Aftermath Perps CRCLUSD
Arcus CRCL-USD
Coinbase International CRCL-PERP-INTX
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Paradex CRCL-USD-PERP
GRVT CRCL_USDT_Perp
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
OKX CRCL-USDT-SWAP
BloFin CRCL-USDT
Aevo CRCL-PERP
RISEx CRCL/USDC
Phoenix CRCL
Lighter CRCL
Nado CRCL-PERP
Deribit CRCL_USDC-PERPETUAL
Injective CRCL/USDC PERP