Funding you earn now, next payment 16:00 UTC−0.0298%/8h= −32.6% APRnext payment −$2.98 per $10,000 · paid last 24h +0.045%
Price spread now: BloFin against GRVT−0.011%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$420.422% of the position
Funding, last 7 days+0.312%+$31 on $10k
+Price spread, last 4 days (all we have)−0.196%−$20 · spread now −0.011%, 7d avg −0.048%
=Together, before fees+0.116%+ Points / potential airdropGRVT: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.037% dearer against GRVT than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.048%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.312%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT CRCL_USDT_Perp | 93.170 | 0.0813 | pay 0.0813% / 8h | 5h 54m | $61K | $1.0M | 10x |
| Short | BloFin CRCL-USDT | 93.160 | 0.0515 | get 0.0515% / 8h | 5h 54m | $1.1M | $1.7M | 20x |
GRVT CRCL_USDT_Perp
BloFin CRCL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$62.55
- Price spread: −0.011% → −0.048%
- $3.68
- Slippage, 4 orders
- −$21.17
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$101.04
- Costs to cover
- 0.422%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 2 min ago; BloFin: live order book, 2 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, 2 min ago | 0.54 bp | 8.3 bp −$8 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 3.76 bp | 11.1 bp −$11 | 13.6 bp −$136 | 33.3 bp −$3,332 | 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 | 92.950 | −0.236% | $869K | $749K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.0013% | 1h | 92.990 | −0.193% | — | $30K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 93.100 | −0.075% | $15.1M | $25.1M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 93.130 | −0.043% | $18.4M | $33.4M | 25x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | 0.0000% | 1h | 93.070 | −0.107% | $5K | $417K | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 93.120 | −0.054% | $1.0M | $45K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 93.094 | −0.082% | $1.0M | $2.5M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0041% | 1h | 93.058 | −0.120% | $2K | $29K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 93.025 | −0.156% | $68.0M | $40.1M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 93.092 | −0.084% | $382K | $847K | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Vest CRCL-USD-PERP
Bybit CRCLUSDT
Bitget CRCLUSDT
Deribit CRCL_USDC-PERPETUAL
Phemex CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX CRCL-USD | +0.0050% | 1h | 93.065 | −0.113% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 93.020 | −0.161% | $1.0M | $3.8M | 10x | as long as short |
| QFEX CRCL-USD | +0.0055% | 1h | 93.080 | −0.097% | $1.3M | $1.6M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0072% | 1h | 92.090 | −1.159% | $38K | $172K | 30x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 93.080 | −0.097% | $139K | $141K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 93.130 | −0.043% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 93.070 | −0.107% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 93.090 | −0.086% | $928 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 93.106 | −0.068% | $4 | — | 10x | as long as short |
| Gate CRCL_USDT | +0.0109% | 8h | 93.150 | −0.021% | $7.5M | $25.2M | 50x | as long as short |
| Paradex CRCL-USD-PERP | +0.0124% | 8h | 93.089 | −0.087% | $428 | $477 | 5x | as long as short |
| Phoenix CRCL | +0.0199% | 1h | 93.194 | +0.026% | $28K | $66K | 10x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 93.090 | −0.086% | $94K | $214K | 10x | as long as short |
| Lighter CRCL | +0.0272% | 1h | 93.132 | −0.041% | $3.0M | $2.1M | 10x | as long as short |
| Nado CRCL-PERP | +0.0274% | 1h | 93.081 | −0.096% | $155K | $94K | 3x | as long as short |
| Variational Omni CRCL | +0.0312% | 8h | 93.131 | −0.042% | $2.5M | $3.3M | — | as long as short |
| OKX CRCL-USDT-SWAP | +0.0329% | 8h | 93.070 | −0.107% | $23.0M | $57.0M | 50x | as long as short |
| Aster CRCLUSDT | +0.0386% | 8h | 93.132 | −0.041% | $1.1M | $4.5M | 20x | as long as short |
| Extended CRCL_24_5-USD | +0.0392% | 1h | 93.069 | −0.108% | $1.1M | $4.0M | 10x | as long as short |
| Binance CRCLUSDT | +0.0395% | 8h | 93.102 | −0.073% | $107.8M | $352.6M | 50x | as long as short |
| BloFin CRCL-USDTshort | +0.0515% | 8h | 93.160 | −0.011% | $1.1M | $1.7M | 20x | |
| RISEx CRCL/USDC | +0.0528% | 1h | 93.135 | −0.038% | $418K | $237K | 10x | as long as short |
| GRVT CRCL_USDT_Perplong | +0.0813% | 8h | 93.170 | long leg | $61K | $1.0M | 10x | |
| edgeX CRCLUSDC | +0.0973% | 4h | 93.108 | −0.067% | $53K | $268K | 10x | as long as short |
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Injective CRCL/USDC PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Gate CRCL_USDT
Paradex CRCL-USD-PERP
Phoenix CRCL
Arcus CRCL-USD
Lighter CRCL
Nado CRCL-PERP
Variational Omni CRCL
OKX CRCL-USDT-SWAP
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
RISEx CRCL/USDC
edgeX CRCLUSDC