CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against Gate−0.055%51s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as 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−$460.458% of the position

Long on Gate Short on GRVT

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+0.004%$0 · spread now −0.055%, 7d avg −0.018%

Together, before fees−0.064%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.036% cheaper against Gate than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.018%). If the spread goes back, that is −$4 on $10k: about 24 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour. The two prices were read 51 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	Gate CRCL_USDT	91.360	0	get 0.0000% / 8h	2h 14m	$7.6M	$27.6M	50x
Short	GRVT CRCL_USDT_Perp	91.310	0.0120	get 0.0120% / 8h	2h 14m	$65K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.055%Rate

Funding earned: $25.2
Price spread: −0.055% → −0.018%: −$3.63
Slippage, 4 orders: −$21.81
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$24.23
Costs to cover: 0.458%
Break-even: 13.7 days

Slippage from Gate: live order book, 4 min ago; GRVT: live order book, 3 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	1.10 bp	10.2 bp −$10	24.9 bp −$249	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	1.10 bp	8.6 bp −$9	15.9 bp −$159	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	−0.0992%	8h	91.390	+0.033%	$16.9M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0079%	1h	91.010	−0.383%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.350	−0.011%	$14.6M	$26.9M	50x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	91.360	long leg	$7.6M	$27.6M	50x
Variational Omni CRCL	0.0000%	8h	91.280	−0.088%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.280	−0.088%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0025%	8h	91.318	−0.046%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.331	−0.032%	$973K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	91.152	−0.227%	$2K	$27K	5x	as long as short
Extended CRCL_24_5-USD	+0.0040%	1h	91.309	−0.056%	$1.0M	$5.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRCLUSDT	+0.0040%	8h	91.330	−0.033%	$103.8M	$396.5M	50x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.220	−0.153%	$93K	$289K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.254	−0.116%	$68.2M	$43.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.301	−0.065%	$382K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.311	−0.054%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	−0.164%	$1.1M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.340	−0.022%	$1.4M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.190	−0.186%	$888K	$603K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.290	−0.077%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.240	−0.131%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.210	−0.164%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.310	−0.055%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.318	−0.046%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0117%	8h	91.307	−0.058%	$420	$905	5x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.325	−0.038%	$416K	$294K	10x	as long as short
GRVT CRCL_USDT_Perpshort	+0.0120%	8h	91.310	−0.055%	$65K	$1.1M	10x
OKX CRCL-USDT-SWAP	+0.0132%	8h	91.350	−0.011%	$22.1M	$62.4M	50x	as long as short
BloFin CRCL-USDT	+0.0158%	8h	91.350	−0.011%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.287	−0.080%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0232%	1h	91.332	−0.031%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0317%	1h	91.224	−0.149%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.760	+0.438%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.300	−0.066%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0664%	4h	91.250	−0.121%	$52K	$278K	10x	as long as short