CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h +0.048%

Price spread now: Arcus against Pacifica+0.022%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$670.674% of the position

Long on Pacifica Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.196%−$20 · spread now +0.022%, 7d avg −0.045%

Together, before fees−0.196%+ Points / potential airdropPacifica: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.067% dearer against Pacifica than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.045%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	91.220	0.0100	pay 0.0013% / 1h	54m 00s	$134K	$158K	10x
Short	Arcus CRCL-USD	91.240	0.0040	get 0.0005% / 1h	54m 00s	$95K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Pacifica. 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 PacificabpFee ArcusbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$12.54
Price spread: +0.022% → −0.045%: $6.71
Slippage, 4 orders: −$54.91
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$73.23
Costs to cover: 0.674%
Break-even: never at this rate

Slippage from Pacifica: live order book, 25 min ago; Arcus: live order book, 44 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 Pacifica live order book, 25 min ago	7.66 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 44 min ago	1.64 bp	10.8 bp −$11	15.7 bp −$157	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
GRVT CRCL_USDT_Perp	−0.1007%	8h	91.321	+0.110%	$70K	$1.1M	10x	as long as short
Bitget CRCLUSDT	−0.0278%	8h	91.310	+0.099%	$17.3M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0088%	1h	90.980	−0.263%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.310	+0.099%	$14.9M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.310	+0.099%	$7.8M	$26.2M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.270	+0.055%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.281	+0.067%	$983K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.200	−0.022%	$873K	$502K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	91.293	+0.080%	$2K	$29K	5x	as long as short
Arcus CRCL-USDshort	+0.0040%	1h	91.240	+0.022%	$95K	$294K	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	91.230	+0.011%	$67.3M	$44.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.193	−0.030%	$377K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.238	+0.020%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.430	+0.230%	$1.1M	$4.8M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.220	0.000%	$1.3M	$1.7M	10x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.220	long leg	$134K	$158K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.260	+0.044%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.400	+0.197%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.260	+0.044%	$910	$1K	10x	as long as short
Lighter CRCL	+0.0104%	1h	91.277	+0.062%	$2.9M	$2.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.269	+0.054%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0147%	8h	91.470	+0.274%	$2.4M	$3.3M	—	as long as short
Paradex CRCL-USD-PERP	+0.0148%	8h	91.213	−0.007%	$420	$905	5x	as long as short
edgeX CRCLUSDC	+0.0150%	4h	91.555	+0.367%	$52K	$269K	10x	as long as short
Aster CRCLUSDT	+0.0206%	8h	91.279	+0.064%	$1.0M	$5.0M	20x	as long as short
Nado CRCL-PERP	+0.0217%	1h	91.146	−0.081%	$134K	$109K	3x	as long as short
Binance CRCLUSDT	+0.0222%	8h	91.328	+0.118%	$104.9M	$389.0M	50x	as long as short
Extended CRCL_24_5-USD	+0.0224%	1h	91.296	+0.083%	$1.1M	$5.1M	10x	as long as short
Phoenix CRCL	+0.0227%	1h	91.541	+0.352%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0290%	8h	91.390	+0.186%	$22.3M	$61.8M	50x	as long as short
BloFin CRCL-USDT	+0.0343%	8h	91.350	+0.143%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.430	+1.326%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.310	+0.099%	$412K	$259K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0518%	1h	91.240	+0.022%	$5K	$769K	10x	as long as short