CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1325%/8h= −145.1% APRnext payment −$13.25 per $10,000 · paid last 24h +0.027%

Price spread now: Bitget against GRVT+0.055%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.055%, 7d avg +0.013%

Together, before fees+0.153%+ Points / potential airdropGRVT: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.041% dearer against GRVT than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.013%): +$4 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +0.166%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.166% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.25 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	GRVT CRCL_USDT_Perp	91.610	0	get 0.0000% / 8h	5h 34m	$65K	$1.1M	10x
Short	Bitget CRCLUSDT	91.660	−0.1325	pay 0.1325% / 8h	5h 34m	$15.8M	$34.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$278.25
Price spread: +0.055% → +0.013%: $4.14
Slippage, 4 orders: −$17.55
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$312.66
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Bitget: 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 GRVT live order book, 3 min ago	1.64 bp	9.6 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.09 bp	8.5 bp −$8	13.3 bp −$133	62.6 bp −$6,260	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 CRCLUSDTshort	−0.1325%	8h	91.660	+0.055%	$15.8M	$34.5M	25x
Vest CRCL-USD-PERP	−0.0076%	1h	91.410	−0.218%	—	$35K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.450	−0.175%	$902K	$527K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.619	+0.009%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.645	+0.038%	$104.3M	$384.6M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.650	+0.044%	$14.9M	$25.7M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.643	+0.036%	$418K	$297K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.660	+0.055%	$7.1M	$26.6M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.607	−0.003%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perplong	0.0000%	8h	91.610	long leg	$65K	$1.1M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.620	+0.011%	$1.0M	$49K	10x	as long as short
Aster CRCLUSDT	+0.0010%	8h	91.671	+0.066%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0014%	8h	91.650	+0.044%	$21.5M	$59.4M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0020%	1h	91.513	−0.106%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.580	−0.033%	$1.3M	$2.1M	10x	as long as short
BloFin CRCL-USDT	+0.0027%	8h	91.640	+0.033%	$1.1M	$1.3M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.682	+0.079%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.540	−0.076%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.585	−0.027%	$68.5M	$41.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.608	−0.002%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.630	+0.022%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.470	−0.153%	$996K	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0068%	8h	91.662	+0.057%	$752	$740	5x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0077%	1h	91.640	+0.033%	$4K	$767K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.602	−0.009%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.630	+0.022%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.560	−0.055%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.630	+0.022%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.637	+0.029%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	91.604	−0.007%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0183%	1h	91.585	−0.027%	$130K	$104K	3x	as long as short
Lighter CRCL	+0.0200%	1h	91.658	+0.052%	$3.0M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.200	+0.644%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0562%	4h	91.573	−0.040%	$23K	$267K	10x	as long as short