CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0077%/8h= −8.5% APRnext payment −$0.77 per $10,000 · paid last 24h −0.011%

Price spread now: Gate against OKX−0.043%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.043%, 7d avg +0.022%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.065% cheaper against OKX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	91.960	0.0061	pay 0.0061% / 8h	6h 21m	$21.7M	$60.3M	50x
Short	Gate CRCL_USDT	91.920	−0.0016	pay 0.0016% / 8h	6h 21m	$7.1M	$26.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.043%Rate

Funding earned: −$16.25
Price spread: −0.043% → +0.022%: −$6.51
Slippage, 4 orders: −$16.6
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.35
Costs to cover: 0.416%
Break-even: never at this rate

Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago	0.54 bp	7.4 bp −$7	12.7 bp −$127	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.72 bp	12.3 bp −$12	29.9 bp −$299	doesn't fit	doesn't fit

CRCL on 33 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	−0.0707%	8h	92.020	+0.065%	$16.0M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0031%	1h	91.740	−0.239%	—	$40K	25x	as long as short
Gate CRCL_USDTshort	−0.0016%	8h	91.920	−0.043%	$7.1M	$26.7M	50x
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.950	−0.011%	$915K	$583K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.950	−0.011%	$15.0M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.846	−0.124%	$419K	$299K	10x	as long as short
Variational Omni CRCL	0.0000%	8h	92.310	+0.380%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.906	−0.059%	$63K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.990	+0.033%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0025%	1h	91.988	+0.030%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	91.895	−0.071%	$977K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.950	−0.011%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.905	−0.060%	$69.1M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.880	−0.087%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.935	−0.027%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.810	−0.163%	$999K	$5.5M	10x	as long as short
Extended CRCL_24_5-USD	+0.0056%	1h	91.820	−0.152%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0056%	8h	91.931	−0.032%	$104.9M	$393.4M	50x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.850	−0.120%	$1.3M	$2.3M	10x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0061%	8h	91.960	long leg	$21.7M	$60.3M	50x
Aster CRCLUSDT	+0.0063%	8h	91.888	−0.078%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0075%	8h	91.845	−0.125%	$753	$740	5x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0076%	1h	91.990	+0.033%	$4K	$769K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.864	−0.105%	$129K	$153K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.960	0.000%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.900	−0.065%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.910	−0.054%	$916	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.935	−0.027%	$4	—	10x	as long as short
edgeX CRCLUSDC	+0.0141%	4h	91.897	−0.068%	$23K	$267K	10x	as long as short
Nado CRCL-PERP	+0.0156%	1h	91.925	−0.038%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0208%	1h	91.890	−0.076%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.850	−0.120%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.500	+0.587%	$5K	$19K	30x	as long as short