CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0329%/8h= +36.0% APRnext payment +$3.29 per $10,000 · paid last 24h −0.027%

Price spread now: Bitget against Gate−0.053%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.053%, 7d avg −0.004%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.049% cheaper against Gate than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.004%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.069% in total) that is about 5.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.29 per $10,000. 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	Gate CRCL_USDT	94.490	0	get 0.0000% / 8h	1h 38m	$7.2M	$27.5M	50x
Short	Bitget CRCLUSDT	94.440	0.0329	get 0.0329% / 8h	1h 38m	$16.7M	$35.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.053%Rate

Funding earned: $69.09
Price spread: −0.053% → −0.004%: −$4.92
Slippage, 4 orders: −$21.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: $15.94
Costs to cover: 0.482%
Break-even: 5.4 days

Slippage from Gate: live order book, 5 min ago; Bitget: live order book, 5 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 Gate live order book, 5 min ago	1.59 bp	14.4 bp −$14	24.3 bp −$243	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.59 bp	8.6 bp −$9	15.2 bp −$152	73.5 bp −$7,354	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
Gate CRCL_USDTlong	0.0000%	8h	94.490	long leg	$7.2M	$27.5M	50x
Phemex CRCLUSDT	0.0000%	4h	94.490	0.000%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.430	−0.063%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.410	−0.085%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0048%	1h	94.466	−0.025%	$2K	$20K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.448	−0.044%	$362K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.447	−0.046%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.420	−0.074%	$1.1M	$5.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	94.360	−0.138%	$939K	$742K	10x	as long as short
Bybit CRCLUSDT	+0.0087%	8h	94.470	−0.021%	$15.5M	$25.8M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CRCL_USDT_Perp	+0.0095%	8h	94.500	+0.011%	$50K	$1.2M	10x	as long as short
Lighter RH CRCL	+0.0096%	1h	94.488	−0.002%	$900K	$2.9M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.430	−0.063%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.500	+0.011%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.360	−0.138%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.470	−0.021%	$942	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.461	−0.031%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0107%	8h	94.514	+0.026%	$2.5M	$3.2M	—	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.498	+0.009%	$431K	$310K	10x	as long as short
Binance CRCLUSDT	+0.0167%	8h	94.474	−0.017%	$108.5M	$388.1M	50x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	94.457	−0.035%	$1.1M	$3.8M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0174%	8h	94.492	+0.002%	$775	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0181%	1h	94.417	−0.077%	$70.8M	$42.8M	10x	as long as short
Aster CRCLUSDT	+0.0193%	8h	94.490	0.000%	$1.1M	$4.8M	20x	as long as short
Phoenix CRCL	+0.0212%	1h	94.494	+0.004%	$28K	$92K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	94.470	−0.021%	$97K	$275K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0226%	8h	94.500	+0.011%	$22.8M	$60.5M	50x	as long as short
BloFin CRCL-USDT	+0.0285%	8h	94.500	+0.011%	$1.1M	$581K	20x	as long as short
Nado CRCL-PERP	+0.0299%	1h	94.367	−0.131%	$126K	$74K	3x	as long as short
Bitget CRCLUSDTshort	+0.0329%	8h	94.440	−0.053%	$16.7M	$35.1M	25x
Lighter CRCL	+0.0360%	1h	94.516	+0.028%	$3.1M	$2.2M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0386%	1h	94.460	−0.032%	$4K	$771K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.850	+0.381%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0861%	4h	94.522	+0.034%	$24K	$267K	10x	as long as short