CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.90 per $10,000 · paid last 24h +0.023%

Price spread now: Binance against GRVT−0.066%109s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as 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−$350.352% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.066%, 7d avg −0.019%

Together, before fees+0.145%+ Points / potential airdropGRVT: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.047% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you. The two prices were read 109 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	GRVT CRCL_USDT_Perp	91.330	0.0189	pay 0.0189% / 8h	1h 31m	$67K	$1.1M	10x
Short	Binance CRCLUSDT	91.270	0.0099	get 0.0099% / 8h	1h 31m	$104.3M	$397.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now −0.066%Rate

Funding earned: −$18.94
Price spread: −0.066% → −0.019%: −$4.69
Slippage, 4 orders: −$16.22
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$58.84
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Binance: live order book, 12 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, 1 min ago	1.10 bp	13.6 bp −$14	19.5 bp −$195	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.55 bp	6.4 bp −$6	10.7 bp −$107	30.1 bp −$3,009	122.2 bp −$61.1K

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	−0.0721%	8h	91.390	+0.066%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0087%	1h	90.980	−0.383%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.270	−0.066%	$14.6M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.340	+0.011%	$7.8M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.259	−0.078%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.340	+0.011%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.270	−0.066%	$975K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.254	−0.084%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.260	−0.077%	$94K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.298	−0.035%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.120	−0.230%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.142%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.330	0.000%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0076%	1h	91.202	−0.140%	$67.5M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0085%	8h	91.273	−0.062%	$1.0M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.262	−0.075%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDTshort	+0.0099%	8h	91.270	−0.066%	$104.3M	$397.5M	50x
Pacifica CRCL	+0.0100%	1h	91.284	−0.051%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.240	−0.099%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.190	−0.153%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.300	−0.033%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.302	−0.031%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0129%	1h	91.290	−0.044%	$382K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0159%	8h	91.250	−0.087%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perplong	+0.0189%	8h	91.330	long leg	$67K	$1.1M	10x
OKX CRCL-USDT-SWAP	+0.0196%	8h	91.330	0.000%	$22.2M	$62.5M	50x	as long as short
BloFin CRCL-USDT	+0.0217%	8h	91.350	+0.022%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.232	−0.107%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.303	−0.030%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0296%	1h	91.274	−0.061%	$2.9M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0408%	1h	91.280	−0.055%	$5K	$769K	10x	as long as short
Nado CRCL-PERP	+0.0410%	1h	91.182	−0.162%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.700	+0.405%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0904%	4h	91.319	−0.012%	$52K	$277K	10x	as long as short