CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0393%/8h= +43.0% APRnext payment +$3.93 per $10,000 · paid last 24h +0.099%

Price spread now: BloFin against Gate+0.198%48s7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$500.497% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.198%, 7d avg −0.025%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BloFin is 0.223% dearer against Gate than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.025%. The two prices were read 48 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 0.242% in total (about 12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.93 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRCL_USDT	95.740	0.0030	pay 0.0030% / 8h	4h 08m	$7.8M	$29.0M	50x
Short	BloFin CRCL-USDT	95.930	0.0423	get 0.0423% / 8h	4h 08m	$1.2M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.198%Rate

Funding earned: $82.53
Price spread: +0.198% → −0.025%: $22.32
Slippage, 4 orders: −$22.73
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $55.12
Costs to cover: 0.497%
Break-even: 2.3 days

Slippage from Gate: live order book, 4 min ago; BloFin: live order book, 2 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, 4 min ago	3.13 bp	16.2 bp −$16	34.2 bp −$342	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	1.04 bp	7.0 bp −$7	12.9 bp −$129	40.0 bp −$4,005	doesn't fit

CRCL on 34 exchanges

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	−0.0024%	1h	95.700	−0.042%	$822K	$1.1M	10x	as long as short
RISEx CRCL/USDC	0.0000%	1h	95.765	+0.026%	$449K	$227K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	95.710	−0.031%	$1.1M	$47K	10x	as long as short
QFEX CRCL-USD	+0.0014%	1h	95.840	+0.104%	$1.4M	$1.8M	10x	as long as short
Gate CRCL_USDTlong	+0.0030%	8h	95.740	long leg	$7.8M	$29.0M	50x
Injective CRCL/USDC PERP	+0.0033%	1h	96.340	+0.627%	$40K	$174K	30x	as long as short
Bybit CRCLUSDT	+0.0035%	8h	95.680	−0.063%	$15.7M	$33.6M	50x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	95.710	−0.031%	—	$30K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0049%	1h	95.860	+0.125%	$2K	$29K	5x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	95.670	−0.073%	$1.2M	$4.5M	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0057%	1h	95.720	−0.021%	$107K	$312K	10x	as long as short
Lighter RH CRCL	+0.0072%	1h	95.682	−0.061%	$1.1M	$3.2M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	95.710	−0.032%	$140K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	95.780	+0.042%	$2.5M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	96.020	+0.292%	$108K	$35K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	95.740	0.000%	$602	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	95.693	−0.049%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0132%	1h	95.631	−0.114%	$70.5M	$46.9M	10x	as long as short
Phoenix CRCL	+0.0136%	1h	96.220	+0.501%	$31K	$94K	10x	as long as short
Bitget CRCLUSDT	+0.0137%	8h	95.700	−0.042%	$20.0M	$40.6M	25x	as long as short
Paradex CRCL-USD-PERP	+0.0195%	8h	95.701	−0.041%	$440	$477	5x	as long as short
Variational Omni CRCL	+0.0213%	8h	96.189	+0.469%	$2.6M	$3.4M	—	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0273%	1h	95.680	−0.063%	$5K	$407K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0287%	8h	95.700	−0.042%	$25.4M	$75.0M	50x	as long as short
Extended CRCL_24_5-USD	+0.0296%	1h	95.698	−0.044%	$1.1M	$4.2M	10x	as long as short
Binance CRCLUSDT	+0.0297%	8h	95.749	+0.009%	$119.0M	$435.6M	50x	as long as short
Aster CRCLUSDT	+0.0306%	8h	95.780	+0.041%	$1.1M	$5.3M	20x	as long as short
SoDEX CRCL-USD	+0.0352%	1h	95.700	−0.042%	$48K	$3K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0363%	8h	96.060	+0.334%	$57K	$1.1M	10x	as long as short
edgeX CRCLUSDC	+0.0423%	4h	96.164	+0.443%	$55K	$277K	10x	as long as short
BloFin CRCL-USDTshort	+0.0423%	8h	95.930	+0.198%	$1.2M	$1.8M	20x
Polymarket Perps CRCL-USD	+0.0442%	1h	95.705	−0.037%	$286K	$1.4M	10x	as long as short
Nado CRCL-PERP	+0.0480%	1h	95.893	+0.160%	$190K	$125K	3x	as long as short
Lighter CRCL	+0.0536%	1h	95.743	+0.003%	$3.3M	$2.6M	10x	as long as short