CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.03 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against KuCoin+0.084%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1021.018% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.085%−$8 · spread now +0.084%, 7d avg +0.024%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.060% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRCLUSDTM	94.740	0.0100	pay 0.0100% / 8h	19m 22s	$3.0M	$1.9M	20x
Short	Bybit CRCLUSDT	94.820	0.0103	get 0.0103% / 8h	19m 22s	$15.6M	$25.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0.55
Price spread: +0.084% → +0.024%: $6.02
Slippage, 4 orders: −$78.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.27
Costs to cover: 1.018%
Break-even: 1214.5 days

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago	1.06 bp	51.5 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.05 bp	10.5 bp −$11	18.6 bp −$186	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
Gate CRCL_USDT	0.0000%	8h	94.800	+0.063%	$7.2M	$27.7M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.730	−0.011%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.740	0.000%	$1.4M	$2.8M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.758	+0.019%	$895K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.243%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.690	−0.053%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.745	+0.005%	$367K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.754	+0.015%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.630	−0.116%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0053%	1h	94.764	+0.025%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	94.700	−0.042%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTMlong	+0.0100%	8h	94.740	long leg	$3.0M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	94.620	−0.127%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.770	+0.032%	$945	$3K	10x	as long as short
Bybit CRCLUSDTshort	+0.0103%	8h	94.820	+0.084%	$15.6M	$25.9M	50x
Aevo CRCL-PERP	+0.0104%	1h	94.812	+0.076%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0118%	8h	94.734	−0.006%	$777	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0175%	1h	94.768	+0.030%	$71.2M	$42.9M	10x	as long as short
Variational Omni CRCL	+0.0184%	8h	94.712	−0.029%	$2.5M	$3.1M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0197%	8h	94.800	+0.063%	$22.9M	$60.8M	50x	as long as short
GRVT CRCL_USDT_Perp	+0.0233%	8h	94.746	+0.007%	$61K	$1.1M	10x	as long as short
Binance CRCLUSDT	+0.0245%	8h	94.780	+0.042%	$109.9M	$390.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0248%	1h	94.764	+0.026%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0248%	8h	94.730	−0.011%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0273%	1h	94.658	−0.087%	$127K	$73K	3x	as long as short
Phoenix CRCL	+0.0288%	1h	94.779	+0.041%	$28K	$92K	10x	as long as short
Bitget CRCLUSDT	+0.0304%	8h	94.770	+0.032%	$16.9M	$35.4M	25x	as long as short
Lighter CRCL	+0.0352%	1h	94.757	+0.018%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0361%	8h	94.680	−0.063%	$1.1M	$600K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.866%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.740	0.000%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.775	+0.037%	$432K	$303K	10x	as long as short
edgeX CRCLUSDC	+0.0768%	4h	94.705	−0.037%	$24K	$268K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0911%	1h	94.820	+0.084%	$4K	$772K	10x	as long as short