CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h −0.043%

Price spread now: Gate against KuCoin+0.163%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1231.231% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days−0.147%−$15 · spread now +0.163%, 7d avg +0.028%

Together, before fees−0.168%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Gate is 0.136% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRCLUSDTM	91.810	0.0100	pay 0.0100% / 8h	7h 21m	$2.6M	$1.7M	20x
Short	Gate CRCL_USDT	91.960	0.0110	get 0.0110% / 8h	7h 21m	$7.8M	$26.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.163%Rate

Funding earned: $2.1
Price spread: +0.163% → +0.028%: $13.57
Slippage, 4 orders: −$96.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$107.39
Costs to cover: 1.231%
Break-even: 365.0 days

Slippage from KuCoin: live order book, 5 min ago; Gate: 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, 5 min ago	1.65 bp	60.1 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.19 bp	15.7 bp −$16	35.3 bp −$353	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
Vest CRCL-USD-PERP	−0.0106%	1h	91.350	−0.501%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.050	+0.261%	$17.7M	$36.1M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	90.695	−1.214%	$71K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.820	+0.011%	$1.0M	$47K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.917	+0.117%	$990K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.870	+0.065%	$945K	$566K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0035%	1h	90.950	−0.937%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.670	−0.152%	$95K	$278K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.873	+0.069%	$67.7M	$43.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.615	−0.212%	$378K	$999K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0050%	1h	91.416	−0.429%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.290	−0.566%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.640	−0.185%	$1.4M	$1.7M	10x	as long as short
Bybit CRCLUSDT	+0.0080%	8h	92.010	+0.218%	$15.1M	$26.7M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.610	−0.218%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTMlong	+0.0100%	8h	91.810	long leg	$2.6M	$1.7M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	90.690	−1.220%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.580	−0.251%	$913	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.915	+0.114%	$4	—	10x	as long as short
Gate CRCL_USDTshort	+0.0110%	8h	91.960	+0.163%	$7.8M	$26.6M	50x
Paradex CRCL-USD-PERP	+0.0124%	8h	91.665	−0.158%	$422	$766	5x	as long as short
Variational Omni CRCL	+0.0136%	8h	90.587	−1.332%	$2.4M	$3.3M	—	as long as short
Lighter CRCL	+0.0192%	1h	91.928	+0.129%	$3.0M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0203%	8h	91.888	+0.085%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0221%	8h	92.030	+0.240%	$105.9M	$387.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0224%	1h	91.957	+0.160%	$1.1M	$5.1M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	90.698	−1.211%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0287%	8h	92.040	+0.251%	$22.4M	$62.2M	50x	as long as short
BloFin CRCL-USDT	+0.0332%	8h	91.320	−0.534%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0352%	1h	91.693	−0.127%	$135K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	90.790	−1.111%	$106K	$121K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.637	−0.188%	$414K	$256K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0730%	1h	91.920	+0.120%	$5K	$760K	10x	as long as short
edgeX CRCLUSDC	+0.0732%	4h	90.668	−1.244%	$52K	$269K	10x	as long as short