CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.45 per $10,000 · paid last 24h +0.028%

Price spread now: BloFin against OKX+0.132%73s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as 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−$320.321% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.132%, 7d avg −0.018%

Together, before fees+0.109%+$11 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 BloFin is 0.149% dearer against OKX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.018%. The two prices were read 73 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	OKX CRCL-USDT-SWAP	91.220	0.0280	pay 0.0280% / 8h	11m 58s	$22.3M	$61.6M	50x
Short	BloFin CRCL-USDT	91.340	0.0325	get 0.0325% / 8h	11m 58s	$1.1M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.132%Rate

Funding earned: $9.52
Price spread: +0.132% → −0.018%: $14.91
Slippage, 4 orders: −$10.14
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.71
Costs to cover: 0.321%
Break-even: 12.7 days

Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 6 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, 2 min ago	0.55 bp	7.9 bp −$8	14.6 bp −$146	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	1.64 bp	7.9 bp −$8	12.9 bp −$129	31.3 bp −$3,133	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
Bitget CRCLUSDT	−0.0355%	8h	91.300	+0.088%	$17.5M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	90.990	−0.252%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.280	+0.066%	$7.9M	$27.8M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.290	+0.077%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.238	+0.020%	$982K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.228	+0.008%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.230	+0.011%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.210	−0.011%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	−0.011%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0056%	8h	91.230	+0.011%	$14.8M	$26.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.310	+0.099%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.164%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0091%	1h	91.144	−0.083%	$67.2M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.280	+0.066%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.210	−0.011%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.130	−0.099%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.250	+0.033%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.252	+0.035%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0120%	8h	91.211	−0.010%	$2.4M	$3.2M	—	as long as short
Polymarket Perps CRCL-USD	+0.0155%	1h	91.269	+0.054%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0157%	8h	91.295	+0.083%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0189%	8h	91.254	+0.037%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0206%	8h	91.200	−0.022%	$104.7M	$389.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0208%	1h	91.178	−0.046%	$1.0M	$5.0M	10x	as long as short
Phoenix CRCL	+0.0227%	1h	91.164	−0.061%	$27K	$74K	10x	as long as short
Lighter CRCL	+0.0240%	1h	91.246	+0.029%	$2.9M	$2.4M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0249%	8h	91.199	−0.023%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0280%	8h	91.220	long leg	$22.3M	$61.6M	50x
BloFin CRCL-USDTshort	+0.0325%	8h	91.340	+0.132%	$1.1M	$1.7M	20x
Nado CRCL-PERP	+0.0432%	1h	91.232	+0.014%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.740	+0.570%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.293	+0.080%	$412K	$270K	10x	as long as short
edgeX CRCLUSDC	+0.0610%	4h	91.186	−0.038%	$52K	$271K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0628%	1h	91.220	0.000%	$5K	$769K	10x	as long as short