CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0459%/8h= −50.3% APRnext payment −$4.59 per $10,000 · paid last 24h +0.013%

Price spread now: Bitget against KuCoin+0.153%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$970.965% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days−0.133%−$13 · spread now +0.153%, 7d avg +0.023%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.130% dearer against KuCoin than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.023%): +$13 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 7 days funding on this pair paid +0.052%, 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 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.59 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	KuCoin CRCLUSDTM	91.220	0.0100	pay 0.0100% / 8h	17m 44s	$2.7M	$1.7M	20x
Short	Bitget CRCLUSDT	91.360	−0.0359	pay 0.0359% / 8h	17m 44s	$17.5M	$36.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.153%Rate

Funding earned: −$96.39
Price spread: +0.153% → +0.023%: $13.01
Slippage, 4 orders: −$72.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$179.92
Costs to cover: 0.965%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Bitget: live order book, 1 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 KuCoin live order book, 9 min ago	2.19 bp	45.7 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.64 bp	9.9 bp −$10	15.9 bp −$159	49.6 bp −$4,960	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	−0.0359%	8h	91.360	+0.153%	$17.5M	$36.6M	25x
Vest CRCL-USD-PERP	−0.0079%	1h	90.970	−0.274%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.280	+0.066%	$7.9M	$27.7M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.290	+0.077%	$1.0M	$48K	10x	as long as short
edgeX CRCLUSDC	+0.0006%	4h	91.021	−0.218%	$52K	$270K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.283	+0.069%	$983K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.184	−0.039%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.170	−0.055%	$95K	$296K	10x	as long as short
Bybit CRCLUSDT	+0.0046%	8h	91.280	+0.066%	$14.8M	$26.5M	50x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.250	+0.033%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.200	−0.022%	$1.1M	$4.8M	10x	as long as short
QFEX CRCL-USD	+0.0071%	1h	91.280	+0.066%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.050	−0.186%	$876K	$495K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0095%	1h	91.175	−0.049%	$67.3M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.250	+0.033%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTMlong	+0.0100%	8h	91.220	long leg	$2.7M	$1.7M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.040	−0.197%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.270	+0.055%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.286	+0.073%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0112%	8h	91.119	−0.111%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0153%	1h	91.266	+0.050%	$378K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0155%	8h	91.279	+0.065%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0181%	8h	91.277	+0.062%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0199%	8h	91.245	+0.027%	$104.7M	$389.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0200%	1h	91.236	+0.018%	$1.0M	$5.0M	10x	as long as short
Phoenix CRCL	+0.0227%	1h	91.188	−0.035%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0244%	8h	91.144	−0.083%	$70K	$1.1M	10x	as long as short
Lighter CRCL	+0.0248%	1h	91.279	+0.065%	$2.9M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0275%	8h	91.270	+0.055%	$22.3M	$61.6M	50x	as long as short
BloFin CRCL-USDT	+0.0315%	8h	91.330	+0.121%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0430%	1h	91.214	−0.007%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.570	+0.384%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.295	+0.082%	$412K	$272K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0518%	1h	91.260	+0.044%	$5K	$769K	10x	as long as short