CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.015%

Price spread now: Pacifica against Extended−0.074%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on Extended Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.074%, 7d avg +0.011%

Together, before fees+0.002%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.085% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRCL_24_5-USD	91.357	0.0224	pay 0.0028% / 1h	53m 01s	$1.1M	$5.1M	10x
Short	Pacifica CRCL	91.290	0.0100	get 0.0013% / 1h	53m 01s	$134K	$158K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Extended. 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 ExtendedbpFee PacificabpOrdersPrice spread, now −0.074%Rate

Funding earned: −$26.04
Price spread: −0.074% → +0.011%: −$8.46
Slippage, 4 orders: −$43.25
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$90.75
Costs to cover: 0.563%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; Pacifica: live order book, 26 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 Extended live order book, 6 min ago	0.49 bp	5.1 bp −$5	22.8 bp −$228	doesn't fit	doesn't fit
Sell Pacifica live order book, 26 min ago	7.66 bp	25.1 bp −$25	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	−0.0267%	8h	91.440	+0.091%	$17.4M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0088%	1h	91.050	−0.336%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.380	+0.025%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.390	+0.036%	$7.8M	$26.2M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.340	−0.019%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.369	+0.013%	$984K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.200	−0.172%	$873K	$502K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	91.323	−0.037%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.280	−0.084%	$95K	$294K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.291	−0.072%	$67.3M	$44.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	91.265	−0.101%	$377K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.310	−0.052%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.430	+0.080%	$1.1M	$4.8M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.260	−0.106%	$1.3M	$1.7M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0073%	8h	91.347	−0.011%	$70K	$1.1M	10x	as long as short
Pacifica CRCLshort	+0.0100%	1h	91.290	−0.074%	$134K	$158K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.330	−0.030%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.260	−0.106%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.340	−0.019%	$911	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.365	+0.009%	$4	—	10x	as long as short
edgeX CRCLUSDC	+0.0126%	4h	91.321	−0.039%	$52K	$269K	10x	as long as short
Variational Omni CRCL	+0.0147%	8h	91.470	+0.123%	$2.4M	$3.3M	—	as long as short
Paradex CRCL-USD-PERP	+0.0147%	8h	91.287	−0.077%	$420	$905	5x	as long as short
Lighter CRCL	+0.0160%	1h	91.373	+0.017%	$2.9M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0206%	8h	91.302	−0.060%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0222%	8h	91.390	+0.035%	$105.0M	$388.7M	50x	as long as short
Extended CRCL_24_5-USDlong	+0.0224%	1h	91.357	long leg	$1.1M	$5.1M	10x
Nado CRCL-PERP	+0.0247%	1h	91.231	−0.138%	$134K	$109K	3x	as long as short
Phoenix CRCL	+0.0254%	1h	91.239	−0.129%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0292%	8h	91.430	+0.080%	$22.3M	$61.7M	50x	as long as short
BloFin CRCL-USDT	+0.0342%	8h	91.420	+0.069%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.496%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.333	−0.027%	$412K	$259K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.350	−0.008%	$5K	$769K	10x	as long as short