CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0023%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.043%

Price spread now: Arcus against Injective−0.426%7-day average −0.910% · 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−$69as in the Price arb table

costs, in and out, $10k−$1171.172% of the position

Long on Injective Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.325%−$33 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.426%, 7d avg −0.910%

Together, before fees−0.388%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.484% dearer against Injective than usual: you sell high and buy low: +$48 more if the spread goes back to its 7-day average of −0.910%. Mind the row above: over the last 4 days funding on this pair cost −0.325%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CRCL/USDC PERP	96.340	0.0033	pay 0.0004% / 1h	9m 25s	$40K	$174K	30x
Short	Arcus CRCL-USD	95.930	0.0057	get 0.0007% / 1h	9m 25s	$107K	$312K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Injective. 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 InjectivebpFee ArcusbpOrdersPrice spread, now −0.426%Rate

Funding earned: $4.91
Price spread: −0.426% → −0.910%: $48.44
Slippage, 4 orders: −$112.71
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$63.88
Costs to cover: 1.172%
Break-even: 98.1 days

Slippage from Injective: live order book, 32 min ago; Arcus: live order book, 32 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 Injective live order book, 32 min ago	51.02 bp	51.0 bp −$51	5447.3 bp −$54.5K	144473.0 bp −$14.45M	762364.4 bp −$381.18M
Sell Arcus live order book, 32 min ago	4.16 bp	7.8 bp −$8	9.0 bp −$90	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	−0.0024%	1h	95.800	−0.561%	$843K	$1.0M	10x	as long as short
RISEx CRCL/USDC	0.0000%	1h	95.944	−0.411%	$449K	$227K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	95.920	−0.436%	$1.1M	$47K	10x	as long as short
QFEX CRCL-USD	+0.0014%	1h	95.920	−0.436%	$1.4M	$1.8M	10x	as long as short
Injective CRCL/USDC PERPlong	+0.0033%	1h	96.340	long leg	$40K	$174K	30x
Gate CRCL_USDT	+0.0035%	8h	95.940	−0.415%	$7.8M	$29.0M	50x	as long as short
Bybit CRCLUSDT	+0.0040%	8h	95.900	−0.457%	$15.7M	$33.6M	50x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	95.950	−0.405%	—	$30K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0050%	1h	95.899	−0.458%	$2K	$29K	5x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	95.780	−0.581%	$1.2M	$4.5M	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USDshort	+0.0057%	1h	95.930	−0.426%	$107K	$312K	10x
Lighter RH CRCL	+0.0080%	1h	95.942	−0.413%	$1.1M	$3.2M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	95.928	−0.427%	$141K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	95.950	−0.405%	$2.5M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	96.020	−0.332%	$108K	$35K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	95.900	−0.457%	$603	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	95.933	−0.423%	$4	—	10x	as long as short
Bitget CRCLUSDT	+0.0136%	8h	95.920	−0.436%	$20.1M	$40.6M	25x	as long as short
Phoenix CRCL	+0.0136%	1h	96.220	−0.125%	$31K	$94K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0140%	1h	95.874	−0.484%	$70.7M	$46.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0199%	8h	95.965	−0.389%	$441	$477	5x	as long as short
Variational Omni CRCL	+0.0213%	8h	96.189	−0.157%	$2.6M	$3.4M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0289%	8h	95.930	−0.426%	$25.4M	$75.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0296%	1h	95.875	−0.483%	$1.1M	$4.2M	10x	as long as short
Binance CRCLUSDT	+0.0300%	8h	95.940	−0.415%	$119.3M	$435.3M	50x	as long as short
Aster CRCLUSDT	+0.0308%	8h	95.915	−0.441%	$1.1M	$5.3M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0363%	8h	96.060	−0.291%	$57K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0402%	1h	95.919	−0.437%	$48K	$3K	10x	as long as short
edgeX CRCLUSDC	+0.0423%	4h	96.164	−0.182%	$55K	$277K	10x	as long as short
BloFin CRCL-USDT	+0.0429%	8h	96.110	−0.239%	$1.2M	$1.8M	20x	as long as short
Polymarket Perps CRCL-USD	+0.0451%	1h	95.932	−0.424%	$287K	$1.4M	10x	as long as short
Nado CRCL-PERP	+0.0480%	1h	95.893	−0.464%	$190K	$125K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0481%	1h	95.890	−0.467%	$5K	$409K	10x	as long as short
Lighter CRCL	+0.0552%	1h	95.946	−0.409%	$3.4M	$2.6M	10x	as long as short