CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.59 per $10,000 · paid last 24h −0.043%

Price spread now: GRVT against KuCoin+0.024%53s7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1021.025% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 3 days (all we have)+0.204%+$20 · spread now +0.024%, 7d avg +0.039%

Together, before fees+0.061%+ Points / potential airdropGRVT: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRCLUSDTM	94.410	0.0100	pay 0.0100% / 8h	1h 46m	$3.0M	$1.8M	20x
Short	GRVT CRCL_USDT_Perp	94.433	0.0041	get 0.0041% / 8h	1h 46m	$50K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$12.39
Price spread: +0.024% → +0.039%: −$1.44
Slippage, 4 orders: −$81.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$116.29
Costs to cover: 1.025%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; GRVT: 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	2.65 bp	53.5 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	2.12 bp	6.9 bp −$7	14.6 bp −$146	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	94.370	−0.042%	$7.2M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.370	−0.042%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.360	−0.053%	$1.4M	$2.7M	10x	as long as short
GRVT CRCL_USDT_Perpshort	+0.0041%	8h	94.433	+0.024%	$50K	$1.2M	10x
Vest CRCL-USD-PERP	+0.0046%	1h	94.310	−0.106%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0046%	1h	94.381	−0.030%	$2K	$19K	5x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.340	−0.074%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.280	−0.138%	$1.1M	$5.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0052%	1h	94.393	−0.018%	$357K	$1.1M	10x	as long as short
Variational Omni CRCL	+0.0066%	8h	94.407	−0.003%	$2.5M	$3.2M	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRCLUSDT	+0.0075%	8h	94.420	+0.011%	$15.5M	$25.9M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	94.290	−0.127%	$938K	$742K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.350	−0.064%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTMlong	+0.0100%	8h	94.410	long leg	$3.0M	$1.8M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	94.280	−0.138%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.360	−0.053%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.360	−0.053%	$4	—	10x	as long as short
Extended CRCL_24_5-USD	+0.0128%	1h	94.364	−0.048%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0129%	8h	94.380	−0.032%	$108.4M	$388.4M	50x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.400	−0.011%	$431K	$309K	10x	as long as short
Aster CRCLUSDT	+0.0160%	8h	94.370	−0.042%	$1.1M	$4.8M	20x	as long as short
Lighter RH CRCL	+0.0160%	1h	94.392	−0.019%	$890K	$2.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0174%	8h	94.386	−0.026%	$774	$740	5x	as long as short
Phoenix CRCL	+0.0212%	1h	94.337	−0.077%	$28K	$92K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	94.380	−0.032%	$97K	$275K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0218%	8h	94.390	−0.021%	$22.8M	$60.4M	50x	as long as short
edgeX CRCLUSDC	+0.0225%	4h	94.409	−0.001%	$24K	$267K	10x	as long as short
BloFin CRCL-USDT	+0.0245%	8h	94.360	−0.053%	$1.1M	$580K	20x	as long as short
tradeXYZ xyz:CRCL	+0.0269%	1h	94.329	−0.086%	$70.7M	$42.9M	10x	as long as short
Bitget CRCLUSDT	+0.0327%	8h	94.350	−0.064%	$16.7M	$35.1M	25x	as long as short
Nado CRCL-PERP	+0.0339%	1h	94.335	−0.080%	$126K	$74K	3x	as long as short
Lighter CRCL	+0.0408%	1h	94.419	+0.010%	$3.1M	$2.2M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.850	+0.466%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0704%	1h	94.390	−0.021%	$4K	$771K	10x	as long as short