Funding you earn now, next payment 11:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h +0.028%
Price spread now: Arcus against GRVT−0.086%54s7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.320% of the position
Funding, last 4 days (all we have)+0.102%+$10 on $10k
+Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.086%, 7d avg −0.091%
=Together, before fees+0.197%+ Points / potential airdropGRVT: Active · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.102%, so the current rate has only just turned against you. The two prices were read 54 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 4 days it paid 0.102% in total (about 9.7% a year). A funding rate is set anew for every payment. 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 | GRVT CRCL_USDT_Perp | 92.620 | 0.0482 | pay 0.0482% / 8h | 5h 28m | $68K | $979K | 10x |
| Short | Arcus CRCL-USD | 92.540 | 0.0214 | get 0.0027% / 1h | 28m 39s | $93K | $208K | 10x |
GRVT CRCL_USDT_Perp
Arcus CRCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$56.21
- Price spread: −0.086% → −0.091%
- $0.44
- Slippage, 4 orders
- −$18.51
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$87.78
- Costs to cover
- 0.320%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 7 min ago; Arcus: live order book, 18 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 GRVT live order book, 7 min ago | 1.62 bp | 9.3 bp −$9 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 18 min ago | 2.15 bp | 7.6 bp −$8 | 9.7 bp −$97 | doesn't fit | 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 | −0.0048% | 1h | 92.600 | −0.022% | $866K | $745K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.640 | +0.022% | $15.0M | $25.1M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 92.640 | +0.022% | $18.5M | $33.5M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.600 | −0.022% | $1.0M | $45K | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.0014% | 1h | 92.430 | −0.205% | — | $30K | 25x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 92.630 | +0.011% | $999K | $2.5M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0041% | 1h | 92.612 | −0.009% | $2K | $29K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 92.570 | −0.054% | $67.6M | $39.8M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.546 | −0.080% | $329K | $951K | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 92.596 | −0.026% | $46K | $3K | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
Bitget CRCLUSDT
Phemex CRCLUSDT
Vest CRCL-USD-PERP
Lighter RH CRCL
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 92.480 | −0.151% | $999K | $3.8M | 10x | as long as short |
| QFEX CRCL-USD | +0.0055% | 1h | 92.590 | −0.032% | $1.3M | $1.6M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0072% | 1h | 92.090 | −0.572% | $38K | $172K | 30x | as long as short |
| Gate CRCL_USDT | +0.0081% | 8h | 92.670 | +0.054% | $7.5M | $25.5M | 50x | as long as short |
| Paradex CRCL-USD-PERP | +0.0092% | 8h | 92.571 | −0.053% | $426 | $477 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.570 | −0.054% | $139K | $139K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.590 | −0.032% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 92.570 | −0.054% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.600 | −0.022% | $923 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.624 | +0.005% | $4 | — | 10x | as long as short |
| Phoenix CRCL | +0.0197% | 1h | 92.540 | −0.086% | $27K | $66K | 10x | as long as short |
| Arcus CRCL-USDshort | +0.0214% | 1h | 92.540 | −0.086% | $93K | $208K | 10x | |
| Variational Omni CRCL | +0.0256% | 8h | 92.573 | −0.050% | $2.5M | $3.2M | — | as long as short |
| OKX CRCL-USDT-SWAP | +0.0279% | 8h | 92.590 | −0.032% | $22.7M | $56.6M | 50x | as long as short |
| Nado CRCL-PERP | +0.0290% | 1h | 92.580 | −0.043% | $154K | $94K | 3x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0290% | 1h | 92.560 | −0.065% | $5K | $415K | 10x | as long as short |
| Lighter CRCL | +0.0304% | 1h | 92.639 | +0.021% | $3.0M | $2.1M | 10x | as long as short |
| Binance CRCLUSDT | +0.0316% | 8h | 92.599 | −0.022% | $106.7M | $350.4M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0320% | 1h | 92.569 | −0.055% | $1.1M | $4.0M | 10x | as long as short |
| Aster CRCLUSDT | +0.0323% | 8h | 92.633 | +0.015% | $1.1M | $4.5M | 20x | as long as short |
| BloFin CRCL-USDT | +0.0440% | 8h | 92.640 | +0.022% | $1.1M | $1.7M | 20x | as long as short |
| GRVT CRCL_USDT_Perplong | +0.0482% | 8h | 92.620 | long leg | $68K | $979K | 10x | |
| RISEx CRCL/USDC | +0.0528% | 1h | 92.601 | −0.020% | $415K | $225K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0621% | 4h | 92.571 | −0.053% | $53K | $270K | 10x | as long as short |
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Injective CRCL/USDC PERP
Gate CRCL_USDT
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Phoenix CRCL
Variational Omni CRCL
OKX CRCL-USDT-SWAP
Nado CRCL-PERP
Deribit CRCL_USDC-PERPETUAL
Lighter CRCL
Binance CRCLUSDT
Extended CRCL_24_5-USD
Aster CRCLUSDT
BloFin CRCL-USDT
RISEx CRCL/USDC
edgeX CRCLUSDC