CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h −0.008%

Price spread now: Binance against OKX+0.010%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 2 days (all we have)−0.018%−$2 · spread now +0.010%, 7d avg −0.011%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.021% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	94.340	0.0156	pay 0.0156% / 8h	7h 33m	$22.8M	$59.4M	50x
Short	Binance CRCLUSDT	94.349	0.0199	get 0.0199% / 8h	7h 33m	$109.3M	$386.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.010%Rate

Funding earned: $8.96
Price spread: +0.010% → −0.011%: $2.1
Slippage, 4 orders: −$6.87
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$15.81
Costs to cover: 0.269%
Break-even: 19.3 days

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 10 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 OKX live order book, 5 min ago	0.53 bp	7.5 bp −$8	13.6 bp −$136	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.53 bp	5.5 bp −$6	8.3 bp −$83	34.5 bp −$3,452	138.3 bp −$69.1K

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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.100	−0.254%	$941K	$619K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.340	0.000%	$7.2M	$27.0M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.300	−0.042%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.320	−0.021%	$1.0M	$51K	10x	as long as short
Bybit CRCLUSDT	+0.0004%	8h	94.310	−0.032%	$15.5M	$25.7M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.328	−0.013%	$891K	$2.8M	10x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.320	−0.021%	$1.4M	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0043%	1h	94.245	−0.101%	$2K	$22K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.180	−0.170%	—	$37K	25x	as long as short
Bitget CRCLUSDT	+0.0046%	8h	94.340	0.000%	$17.0M	$34.8M	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CRCLUSDC	+0.0047%	4h	94.288	−0.055%	$24K	$268K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.261	−0.084%	$71.7M	$42.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.281	−0.063%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.304	−0.038%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.180	−0.170%	$1.1M	$5.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.290	−0.053%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.360	+0.021%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.230	−0.117%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.290	−0.053%	$940	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.314	−0.027%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0106%	8h	94.338	−0.002%	$774	$740	5x	as long as short
Variational Omni CRCL	+0.0137%	8h	94.330	−0.010%	$2.5M	$3.1M	—	as long as short
OKX CRCL-USDT-SWAPlong	+0.0156%	8h	94.340	long leg	$22.8M	$59.4M	50x
Binance CRCLUSDTshort	+0.0199%	8h	94.349	+0.010%	$109.3M	$386.8M	50x
Extended CRCL_24_5-USD	+0.0200%	1h	94.317	−0.025%	$1.1M	$5.8M	10x	as long as short
Aster CRCLUSDT	+0.0203%	8h	94.340	0.000%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0225%	1h	94.259	−0.086%	$132K	$76K	3x	as long as short
Lighter CRCL	+0.0288%	1h	94.367	+0.029%	$3.0M	$2.2M	10x	as long as short
Phoenix CRCL	+0.0296%	1h	94.307	−0.035%	$28K	$92K	10x	as long as short
BloFin CRCL-USDT	+0.0323%	8h	94.320	−0.021%	$1.1M	$560K	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0387%	1h	94.310	−0.032%	$4K	$771K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.730	+0.413%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.280	−0.064%	$96K	$276K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.355	+0.016%	$430K	$299K	10x	as long as short