CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0192%/8h= −21.0% APRnext payment −$1.92 per $10,000 · paid last 24h −0.016%

Price spread now: KuCoin against OKX−0.088%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days+0.116%+$12 · spread now −0.088%, 7d avg −0.006%

Together, before fees+0.164%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.081% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	91.360	0.0292	pay 0.0292% / 8h	3m 00s	$22.3M	$61.8M	50x
Short	KuCoin CRCLUSDTM	91.280	0.0100	get 0.0100% / 8h	3m 00s	$2.7M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$40.3
Price spread: −0.088% → −0.006%: −$8.14
Slippage, 4 orders: −$70.25
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$140.69
Costs to cover: 0.922%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 4 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, 1 min ago	0.55 bp	7.1 bp −$7	14.3 bp −$143	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.10 bp	30.4 bp −$30	doesn't fit	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	−0.0340%	8h	91.390	+0.033%	$17.4M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0085%	1h	90.990	−0.405%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.380	+0.022%	$7.8M	$28.0M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.300	−0.066%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.335	−0.027%	$984K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.240	−0.131%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.230	−0.142%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.280	−0.088%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	−0.164%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0065%	8h	91.360	0.000%	$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	91.290	−0.077%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.317%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0092%	1h	91.284	−0.083%	$67.3M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.280	−0.088%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.280	−0.088%	$2.7M	$1.7M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.170	−0.208%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.290	−0.077%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.308	−0.057%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0132%	8h	91.253	−0.117%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0154%	1h	91.280	−0.088%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0162%	8h	91.299	−0.067%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0202%	8h	91.348	−0.013%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0216%	1h	91.317	−0.047%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0217%	8h	91.333	−0.030%	$104.9M	$389.3M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.260	−0.109%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	91.227	−0.146%	$70K	$1.1M	10x	as long as short
Lighter CRCL	+0.0264%	1h	91.314	−0.050%	$2.9M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0292%	8h	91.360	long leg	$22.3M	$61.8M	50x
BloFin CRCL-USDT	+0.0337%	8h	91.330	−0.033%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.750	+0.427%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0441%	1h	91.222	−0.151%	$134K	$109K	3x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.328	−0.035%	$412K	$260K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.300	−0.066%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0907%	4h	91.195	−0.180%	$52K	$270K	10x	as long as short