Funding you earn now, next payment 09:00 UTC−0.0736%/8h= −80.6% APRpaid last 24h −0.076%
Price spread now: Bitget against Injective−0.457%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.490%−$49 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Bitget is 0.457% cheaper against Injective than usual: you would sell low and buy high (−$46 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.490% in total (about -25.6% a year). A funding rate is set anew for every payment. 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 | Injective CRCL/USDC PERP | 91.960 | 0.0440 | pay 0.0055% / 1h | 56m 26s | $5K | $19K | 30x |
| Short | Bitget CRCLUSDT | 91.540 | −0.0296 | pay 0.0296% / 8h | 7h 56m | $17.4M | $36.7M | 25x |
Injective CRCL/USDC PERP
Bitget CRCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Injective. 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
- −$154.56
- Price spread: −0.457% → 0.000%
- −$45.67
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$212.25
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 2 min ago | 1.64 bp | 9.4 bp −$9 | 14.4 bp −$144 | 45.5 bp −$4,552 | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT CRCL_USDT_Perp | −0.1007% | 8h | 91.321 | −0.695% | $70K | $1.1M | 10x | as long as short |
| Bitget CRCLUSDTshort | −0.0296% | 8h | 91.540 | −0.457% | $17.4M | $36.7M | 25x | |
| Vest CRCL-USD-PERP | −0.0088% | 1h | 91.250 | −0.772% | — | $31K | 25x | as long as short |
| tradeXYZ xyz:CRCL | −0.0075% | 1h | 91.405 | −0.604% | $67.4M | $44.4M | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.470 | −0.533% | $14.9M | $26.5M | 50x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.520 | −0.478% | $7.8M | $26.1M | 50x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.570 | −0.424% | $1.0M | $48K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 91.560 | −0.435% | $986K | $2.4M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0032% | 1h | 91.490 | −0.511% | $875K | $503K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0037% | 1h | 91.282 | −0.737% | $2K | $29K | 5x | as long as short |
GRVT CRCL_USDT_Perp
Vest CRCL-USD-PERP
tradeXYZ xyz:CRCL
Bybit CRCLUSDT
Gate CRCL_USDT
Phemex CRCLUSDT
Lighter RH CRCL
Coinbase International CRCL-PERP-INTX
Aftermath Perps CRCLUSDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus CRCL-USD | +0.0040% | 1h | 91.500 | −0.500% | $95K | $294K | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.426 | −0.581% | $378K | $1.3M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.430 | −0.576% | $1.1M | $4.8M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0051% | 1h | 91.556 | −0.439% | $46K | $3K | 10x | as long as short |
| QFEX CRCL-USD | +0.0065% | 1h | 91.460 | −0.544% | $1.3M | $1.7M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0078% | 1h | 91.560 | −0.435% | $5K | $769K | 10x | as long as short |
| Lighter CRCL | +0.0080% | 1h | 91.563 | −0.432% | $2.9M | $2.1M | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.547 | −0.449% | $134K | $158K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.470 | −0.533% | $2.7M | $1.7M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.400 | −0.609% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.480 | −0.522% | $912 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.445 | −0.560% | $4 | — | 10x | as long as short |
| Nado CRCL-PERP | +0.0111% | 1h | 91.494 | −0.507% | $134K | $109K | 3x | as long as short |
| Variational Omni CRCL | +0.0145% | 8h | 91.273 | −0.747% | $2.4M | $3.2M | — | as long as short |
| Paradex CRCL-USD-PERP | +0.0151% | 8h | 91.502 | −0.498% | $421 | $905 | 5x | as long as short |
| Aster CRCLUSDT | +0.0207% | 8h | 91.518 | −0.480% | $1.0M | $5.0M | 20x | as long as short |
| Extended CRCL_24_5-USD | +0.0216% | 1h | 91.516 | −0.483% | $1.0M | $5.0M | 10x | as long as short |
| Binance CRCLUSDT | +0.0221% | 8h | 91.480 | −0.522% | $105.1M | $389.1M | 50x | as long as short |
| Phoenix CRCL | +0.0227% | 1h | 91.541 | −0.456% | $27K | $66K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0288% | 8h | 91.500 | −0.500% | $22.3M | $61.9M | 50x | as long as short |
| BloFin CRCL-USDT | +0.0340% | 8h | 91.570 | −0.424% | $1.1M | $1.7M | 20x | as long as short |
| Injective CRCL/USDC PERPlong | +0.0440% | 1h | 91.960 | long leg | $5K | $19K | 30x | |
| RISEx CRCL/USDC | +0.0501% | 1h | 91.539 | −0.458% | $413K | $260K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0896% | 4h | 91.303 | −0.714% | $52K | $269K | 10x | as long as short |
Arcus CRCL-USD
Polymarket Perps CRCL-USD
Ondo Perps CRCL-USD.P
SoDEX CRCL-USD
QFEX CRCL-USD
Deribit CRCL_USDC-PERPETUAL
Lighter CRCL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Nado CRCL-PERP
Variational Omni CRCL
Paradex CRCL-USD-PERP
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
Phoenix CRCL
OKX CRCL-USDT-SWAP
BloFin CRCL-USDT
RISEx CRCL/USDC
edgeX CRCLUSDC