CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0259%/8h= +28.4% APRnext payment +$2.59 per $10,000 · paid last 24h +0.056%

Price spread now: BloFin against KuCoin+0.239%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

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

costs, in and out, $10k−$1081.084% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 4 days (all we have)−0.348%−$35 · spread now +0.239%, 7d avg −0.005%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.244% dearer against KuCoin than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRCLUSDTM	92.080	0.0100	pay 0.0100% / 8h	7h 21m	$2.7M	$1.7M	20x
Short	BloFin CRCL-USDT	92.300	0.0359	get 0.0359% / 8h	7h 21m	$1.1M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.239%Rate

Funding earned: $54.48
Price spread: +0.239% → −0.005%: $24.43
Slippage, 4 orders: −$84.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$29.52
Costs to cover: 1.084%
Break-even: 10.8 days

Slippage from KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	1.65 bp	60.1 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	1.09 bp	8.6 bp −$9	16.8 bp −$168	53.2 bp −$5,317	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
Vest CRCL-USD-PERP	−0.0105%	1h	91.460	−0.673%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.270	+0.206%	$17.8M	$36.1M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.170	+0.098%	$1.0M	$47K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.238	+0.172%	$996K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	92.020	−0.065%	$947K	$567K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0035%	1h	91.168	−0.990%	$2K	$29K	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0040%	8h	91.320	−0.825%	$71K	$1.1M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.240	+0.174%	$96K	$278K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.120	+0.043%	$67.7M	$43.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.062	−0.020%	$380K	$999K	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	92.120	+0.043%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	92.010	−0.076%	$1.4M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.986	−0.102%	$135K	$158K	10x	as long as short
KuCoin CRCLUSDTMlong	+0.0100%	8h	92.080	long leg	$2.7M	$1.7M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.100	−1.064%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.250	+0.185%	$920	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.297	+0.235%	$4	—	10x	as long as short
Bybit CRCLUSDT	+0.0123%	8h	92.230	+0.163%	$15.1M	$26.8M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0128%	8h	91.956	−0.135%	$423	$766	5x	as long as short
Variational Omni CRCL	+0.0136%	8h	90.587	−1.621%	$2.4M	$3.3M	—	as long as short
Gate CRCL_USDT	+0.0147%	8h	92.270	+0.206%	$7.9M	$26.6M	50x	as long as short
edgeX CRCLUSDC	+0.0154%	4h	91.204	−0.951%	$52K	$270K	10x	as long as short
Lighter CRCL	+0.0184%	1h	92.234	+0.167%	$3.0M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0216%	8h	92.190	+0.119%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0240%	1h	92.248	+0.182%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0241%	8h	92.230	+0.163%	$106.2M	$388.3M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	91.817	−0.286%	$27K	$66K	10x	as long as short
SoDEX CRCL-USD	+0.0264%	1h	91.812	−0.291%	$46K	$3K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0296%	8h	92.240	+0.174%	$22.5M	$62.2M	50x	as long as short
Nado CRCL-PERP	+0.0352%	1h	92.118	+0.041%	$135K	$109K	3x	as long as short
BloFin CRCL-USDTshort	+0.0359%	8h	92.300	+0.239%	$1.1M	$1.7M	20x
Injective CRCL/USDC PERP	+0.0440%	1h	91.920	−0.174%	$40K	$170K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.637	−0.481%	$414K	$256K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1052%	1h	92.310	+0.250%	$5K	$760K	10x	as long as short