CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0112%/8h= −12.3% APRnext payment −$1.12 per $10,000 · paid last 24h −0.026%

Price spread now: Bybit against OKX+0.011%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days+0.020%+$2 · spread now +0.011%, 7d avg +0.018%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	91.660	0.0112	pay 0.0112% / 8h	2h 51m	$22.3M	$61.9M	50x
Short	Bybit CRCLUSDT	91.670	0	get 0.0000% / 8h	2h 51m	$14.7M	$26.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$23.61
Price spread: +0.011% → +0.018%: −$0.73
Slippage, 4 orders: −$15.03
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$60.37
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: 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 OKX live order book, 2 min ago	0.55 bp	6.9 bp −$7	14.8 bp −$148	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.55 bp	10.6 bp −$11	18.5 bp −$185	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
Bitget CRCLUSDT	−0.0747%	8h	91.690	+0.033%	$16.7M	$36.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.370	−0.316%	—	$31K	25x	as long as short
Bybit CRCLUSDTshort	0.0000%	8h	91.670	+0.011%	$14.7M	$26.7M	50x
Gate CRCL_USDT	0.0000%	8h	91.630	−0.033%	$7.4M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.609	−0.056%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.660	0.000%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0024%	8h	91.694	+0.037%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.662	+0.002%	$974K	$2.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0032%	1h	91.585	−0.082%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0034%	8h	91.670	+0.011%	$104.5M	$393.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.590	−0.076%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	91.630	−0.032%	$2K	$26K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.635	−0.027%	$384K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.642	−0.020%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.600	−0.065%	$1.0M	$5.1M	10x	as long as short
edgeX CRCLUSDC	+0.0053%	4h	91.553	−0.116%	$51K	$276K	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.610	−0.055%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0056%	1h	91.588	−0.079%	$68.0M	$42.6M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.400	−0.284%	$911K	$521K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0095%	8h	91.631	−0.032%	$422	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.635	−0.027%	$134K	$162K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.640	−0.022%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.520	−0.153%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.670	+0.011%	$914	$2K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0104%	8h	91.609	−0.056%	$62K	$1.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.657	−0.003%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0112%	8h	91.660	long leg	$22.3M	$61.9M	50x
RISEx CRCL/USDC	+0.0117%	1h	91.665	+0.005%	$417K	$299K	10x	as long as short
BloFin CRCL-USDT	+0.0122%	8h	91.630	−0.033%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.482	−0.194%	$27K	$82K	10x	as long as short
Nado CRCL-PERP	+0.0382%	1h	91.605	−0.060%	$133K	$108K	3x	as long as short
Lighter CRCL	+0.0400%	1h	91.626	−0.037%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.020	+0.393%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0842%	1h	91.680	+0.022%	$4K	$768K	10x	as long as short