CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.013%

Price spread now: Coinbase International against Pacifica−0.086%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.086%, 7d avg −0.030%

Together, before fees+0.123%+ Points / potential airdropPacifica: Active · farm board+$12 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 Coinbase International is 0.056% cheaper against Pacifica than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.030%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.094%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	92.790	0.0100	pay 0.0013% / 1h	3m 36s	$136K	$140K	10x
Short	Coinbase International CRCL-PERP-INTX	92.710	0.0032	get 0.0004% / 1h	3m 36s	$901K	$674K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$14.28
Price spread: −0.086% → −0.030%: −$5.58
Slippage, 4 orders: −$36.28
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$74.14
Costs to cover: 0.543%
Break-even: never at this rate

Slippage from Pacifica: live order book, 10 min ago; Coinbase International: live order book, 30 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, 10 min ago	10.24 bp	21.1 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 30 min ago	0.55 bp	5.5 bp −$6	8.7 bp −$87	911.8 bp −$91.2K	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
Vest CRCL-USD-PERP	−0.0079%	1h	92.410	−0.410%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.800	+0.011%	$17.9M	$35.1M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.760	−0.032%	$1.0M	$46K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.852	+0.067%	$1.0M	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTXshort	+0.0032%	1h	92.710	−0.086%	$901K	$674K	10x
Aftermath Perps CRCLUSD	+0.0038%	1h	92.682	−0.117%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.740	−0.054%	$97K	$270K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.775	−0.016%	$68.1M	$42.7M	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.620	−0.183%	$1.1M	$4.4M	10x	as long as short
Gate CRCL_USDT	+0.0063%	8h	92.800	+0.011%	$7.4M	$28.0M	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	+0.0065%	1h	92.700	−0.097%	$1.4M	$1.7M	10x	as long as short
Pacifica CRCLlong	+0.0100%	1h	92.790	long leg	$136K	$140K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	92.740	−0.054%	$2.7M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.620	−0.183%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.770	−0.022%	$925	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.797	+0.008%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0106%	1h	92.788	−0.002%	$382K	$965K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0173%	8h	92.802	+0.013%	$427	$766	5x	as long as short
Bybit CRCLUSDT	+0.0182%	8h	92.780	−0.011%	$15.1M	$26.2M	50x	as long as short
Lighter CRCL	+0.0208%	1h	92.843	+0.057%	$3.0M	$2.1M	10x	as long as short
Variational Omni CRCL	+0.0254%	8h	92.860	+0.075%	$2.4M	$3.2M	—	as long as short
Phoenix CRCL	+0.0254%	1h	92.745	−0.048%	$27K	$66K	10x	as long as short
Aster CRCLUSDT	+0.0309%	8h	92.721	−0.074%	$1.1M	$5.0M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0312%	8h	92.780	−0.011%	$22.7M	$59.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0320%	1h	92.746	−0.048%	$1.1M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0321%	8h	92.787	−0.003%	$107.0M	$378.3M	50x	as long as short
Nado CRCL-PERP	+0.0362%	1h	92.724	−0.071%	$149K	$111K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.000	−0.851%	$39K	$172K	30x	as long as short
BloFin CRCL-USDT	+0.0443%	8h	92.690	−0.108%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	92.770	−0.022%	$415K	$255K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0505%	1h	92.750	−0.043%	$5K	$648K	10x	as long as short
SoDEX CRCL-USD	+0.0784%	1h	92.741	−0.053%	$46K	$3K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0799%	8h	92.731	−0.064%	$70K	$1.1M	10x	as long as short
edgeX CRCLUSDC	+0.0959%	4h	92.680	−0.118%	$53K	$269K	10x	as long as short