CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0254%/8h= +27.8% APRnext payment +$2.54 per $10,000 · paid last 24h +0.065%

Price spread now: OKX against Gate−0.011%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days−0.024%−$2 · spread now −0.011%, 7d avg −0.021%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.54 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	92.670	0.0058	pay 0.0058% / 8h	6h 59m	$7.3M	$25.3M	50x
Short	OKX CRCL-USDT-SWAP	92.660	0.0312	get 0.0312% / 8h	6h 59m	$22.6M	$59.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $53.26
Price spread: −0.011% → −0.021%: $1.06
Slippage, 4 orders: −$17.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: $11.97
Costs to cover: 0.424%
Break-even: 5.4 days

Slippage from Gate: live order book, 4 min ago; OKX: 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 Gate live order book, 4 min ago	2.69 bp	13.8 bp −$14	25.5 bp −$255	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.54 bp	6.3 bp −$6	12.2 bp −$122	122.4 bp −$12.2K	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
Vest CRCL-USD-PERP	−0.0069%	1h	92.420	−0.270%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.630	−0.043%	$18.0M	$35.2M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.730	+0.065%	$1.0M	$46K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.644	−0.028%	$994K	$2.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	92.580	−0.097%	$891K	$682K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	92.676	+0.007%	$2K	$29K	5x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.510	−0.173%	$1.1M	$4.3M	10x	as long as short
Gate CRCL_USDTlong	+0.0058%	8h	92.670	long leg	$7.3M	$25.3M	50x
QFEX CRCL-USD	+0.0065%	1h	92.580	−0.097%	$1.4M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.550	−0.129%	$136K	$139K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CRCLUSDTM	+0.0100%	8h	92.660	−0.011%	$2.7M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.510	−0.173%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.720	+0.054%	$924	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.741	+0.076%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0148%	1h	92.583	−0.094%	$380K	$963K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0167%	8h	92.587	−0.089%	$426	$766	5x	as long as short
Bybit CRCLUSDT	+0.0182%	8h	92.650	−0.022%	$15.1M	$26.1M	50x	as long as short
Lighter CRCL	+0.0208%	1h	92.643	−0.029%	$3.0M	$2.0M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	92.779	+0.118%	$27K	$64K	10x	as long as short
Variational Omni CRCL	+0.0257%	8h	92.578	−0.099%	$2.4M	$3.2M	—	as long as short
tradeXYZ xyz:CRCL	+0.0282%	1h	92.483	−0.202%	$67.8M	$42.8M	10x	as long as short
Nado CRCL-PERP	+0.0293%	1h	92.465	−0.221%	$149K	$111K	3x	as long as short
Aster CRCLUSDT	+0.0310%	8h	92.680	+0.011%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAPshort	+0.0312%	8h	92.660	−0.011%	$22.6M	$59.4M	50x
Extended CRCL_24_5-USD	+0.0320%	1h	92.584	−0.093%	$1.1M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0324%	8h	92.640	−0.032%	$106.8M	$377.6M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.620	−0.054%	$96K	$269K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.200	+0.572%	$39K	$172K	30x	as long as short
BloFin CRCL-USDT	+0.0443%	8h	92.620	−0.054%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	92.565	−0.113%	$414K	$255K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0613%	1h	92.730	+0.065%	$5K	$622K	10x	as long as short
SoDEX CRCL-USD	+0.0654%	1h	92.669	−0.001%	$46K	$3K	10x	as long as short
edgeX CRCLUSDC	+0.0674%	4h	92.700	+0.033%	$53K	$270K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0688%	8h	92.732	+0.067%	$62K	$1.1M	10x	as long as short