CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.87 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against GRVT−0.048%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$950.951% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.048%, 7d avg −0.010%

Together, before fees+0.177%+ Points / potential airdropGRVT: Active · farm board+$18 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 KuCoin is 0.038% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.010%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.114%, 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	91.384	0.0187	pay 0.0187% / 8h	1h 40m	$67K	$1.1M	10x
Short	KuCoin CRCLUSDTM	91.340	0.0100	get 0.0100% / 8h	1h 40m	$2.7M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$18.27
Price spread: −0.048% → −0.010%: −$3.75
Slippage, 4 orders: −$74.14
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$117.17
Costs to cover: 0.951%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; KuCoin: live order book, 6 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	1.10 bp	7.8 bp −$8	16.7 bp −$167	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.10 bp	28.8 bp −$29	doesn't fit	doesn't fit	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 CRCLUSDT	−0.0721%	8h	91.470	+0.094%	$17.4M	$37.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	91.080	−0.332%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.360	−0.026%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.390	+0.007%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.349	−0.038%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.370	−0.015%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.298	−0.094%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.330	−0.059%	$93K	$289K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.340	−0.048%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.310	−0.081%	$1.1M	$5.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.310	−0.081%	$889K	$604K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.350	−0.037%	$1.3M	$1.8M	10x	as long as short
Lighter RH CRCL	+0.0080%	1h	91.360	−0.026%	$976K	$2.7M	10x	as long as short
Aster CRCLUSDT	+0.0080%	8h	91.387	+0.003%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0093%	8h	91.360	−0.026%	$104.5M	$397.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.340	−0.048%	$1.0M	$5.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.330	−0.059%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.340	−0.048%	$2.7M	$1.8M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.350	−0.037%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.360	−0.026%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.347	−0.040%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0115%	1h	91.286	−0.107%	$67.6M	$44.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0151%	1h	91.339	−0.049%	$383K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0168%	8h	91.322	−0.067%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perplong	+0.0187%	8h	91.384	long leg	$67K	$1.1M	10x
OKX CRCL-USDT-SWAP	+0.0190%	8h	91.380	−0.004%	$22.2M	$62.7M	50x	as long as short
BloFin CRCL-USDT	+0.0213%	8h	91.390	+0.007%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.381	−0.003%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.368	−0.017%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0304%	1h	91.364	−0.022%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0430%	1h	91.270	−0.124%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.466%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0765%	4h	91.348	−0.039%	$52K	$278K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0846%	1h	91.340	−0.048%	$5K	$769K	10x	as long as short