CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.90 per $10,000 · paid last 24h −0.035%

Price spread now: GRVT against OKX+0.307%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.307%, 7d avg +0.028%

Together, before fees−0.204%+ Points / potential airdropGRVT: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.279% dearer against OKX than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.028%. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	94.330	0.0159	pay 0.0159% / 8h	7h 53m	$22.8M	$60.4M	50x
Short	GRVT CRCL_USDT_Perp	94.620	0.0249	get 0.0249% / 8h	7h 53m	$55K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.307%Rate

Funding earned: $18.89
Price spread: +0.307% → +0.028%: $27.92
Slippage, 4 orders: −$10.98
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $16.82
Costs to cover: 0.300%
Break-even: 0.8 days

Slippage from OKX: live order book, 5 min ago; GRVT: live order book, 5 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	6.9 bp −$7	14.5 bp −$145	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	0.53 bp	9.7 bp −$10	14.8 bp −$148	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
tradeXYZ xyz:CRCL	−0.0225%	1h	94.215	−0.122%	$71.6M	$42.1M	10x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.290	−0.042%	$943K	$726K	10x	as long as short
Polymarket Perps CRCL-USD	−0.0015%	1h	94.223	−0.113%	$365K	$1.1M	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.350	+0.021%	$15.6M	$25.9M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.360	+0.032%	$7.2M	$26.9M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.550	+0.233%	$1.0M	$52K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.394	+0.068%	$891K	$2.8M	10x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.340	+0.011%	$1.3M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.260	−0.074%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0049%	1h	94.455	+0.132%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0050%	1h	94.417	+0.092%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.290	−0.042%	$1.1M	$5.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.394	+0.068%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.370	+0.042%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.530	+0.212%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.320	−0.011%	$940	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.493	+0.173%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0115%	8h	94.374	+0.047%	$774	$740	5x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0159%	8h	94.330	long leg	$22.8M	$60.4M	50x
Variational Omni CRCL	+0.0187%	8h	94.512	+0.193%	$2.5M	$3.1M	—	as long as short
Nado CRCL-PERP	+0.0222%	1h	94.246	−0.089%	$132K	$76K	3x	as long as short
Extended CRCL_24_5-USD	+0.0240%	1h	94.316	−0.015%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0242%	8h	94.331	+0.001%	$109.2M	$389.5M	50x	as long as short
Aster CRCLUSDT	+0.0244%	8h	94.346	+0.017%	$1.1M	$4.9M	20x	as long as short
GRVT CRCL_USDT_Perpshort	+0.0249%	8h	94.620	+0.307%	$55K	$1.1M	10x
Bitget CRCLUSDT	+0.0266%	8h	94.360	+0.032%	$16.9M	$35.2M	25x	as long as short
Lighter CRCL	+0.0280%	1h	94.428	+0.104%	$3.0M	$2.2M	10x	as long as short
Phoenix CRCL	+0.0296%	1h	94.366	+0.038%	$28K	$92K	10x	as long as short
BloFin CRCL-USDT	+0.0364%	8h	94.320	−0.011%	$1.1M	$585K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.170	+0.890%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.490	+0.170%	$97K	$276K	10x	as long as short
edgeX CRCLUSDC	+0.0597%	4h	94.645	+0.334%	$24K	$267K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.370	+0.042%	$430K	$303K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1021%	1h	94.560	+0.244%	$4K	$772K	10x	as long as short