CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0698%/8h= +76.5% APRnext payment +$3.49 per $10,000 · paid last 24h +0.180%

Price spread now: edgeX against Phemex−0.036%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1071.067% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.950%+$95 on $10k

Price spread, last 3 days (all we have)+0.179%+$18 · spread now −0.036%, 7d avg −0.004%

Together, before fees+1.129%+ Points / potential airdropedgeX: Active · farm board+$113 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.032% cheaper against Phemex than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of −0.004%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$21 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex CRCLUSDT	94.180	0	get 0.0000% / 4h	1h 05m	$1.0M	$52K	10x
Short	edgeX CRCLUSDC	94.147	0.0698	get 0.0349% / 4h	1h 05m	$24K	$267K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $146.63
Price spread: −0.036% → −0.004%: −$3.19
Slippage, 4 orders: −$85.69
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $36.75
Costs to cover: 1.067%
Break-even: 5.2 days

Slippage from Phemex: live order book, 2 min ago; edgeX: live order book, 12 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 Phemex live order book, 2 min ago	1.06 bp	45.5 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 12 min ago	5.84 bp	11.5 bp −$12	23.5 bp −$235	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
Gate CRCL_USDT	0.0000%	8h	94.230	+0.053%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDTlong	0.0000%	4h	94.180	long leg	$1.0M	$52K	10x
Lighter RH CRCL	+0.0032%	1h	94.266	+0.091%	$888K	$2.9M	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.150	−0.032%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.220	+0.042%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0048%	1h	94.219	+0.041%	$2K	$20K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.219	+0.041%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.209	+0.031%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.160	−0.021%	$1.1M	$5.9M	10x	as long as short
Bybit CRCLUSDT	+0.0076%	8h	94.250	+0.074%	$15.5M	$25.8M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	94.100	−0.085%	$936K	$720K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.180	0.000%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.250	+0.074%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.170	−0.011%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.210	+0.032%	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.256	+0.081%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0124%	8h	94.218	+0.041%	$773	$740	5x	as long as short
Variational Omni CRCL	+0.0128%	8h	94.142	−0.040%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	+0.0132%	8h	94.200	+0.021%	$62K	$1.1M	10x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.237	+0.061%	$430K	$310K	10x	as long as short
Extended CRCL_24_5-USD	+0.0160%	1h	94.210	+0.032%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0161%	8h	94.230	+0.053%	$108.4M	$388.4M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0171%	1h	94.210	+0.032%	$70.6M	$42.7M	10x	as long as short
Aster CRCLUSDT	+0.0178%	8h	94.202	+0.023%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0190%	8h	94.240	+0.064%	$22.7M	$60.4M	50x	as long as short
Phoenix CRCL	+0.0212%	1h	94.180	0.000%	$28K	$92K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	94.180	0.000%	$96K	$275K	10x	as long as short
Nado CRCL-PERP	+0.0253%	1h	94.159	−0.022%	$126K	$73K	3x	as long as short
BloFin CRCL-USDT	+0.0284%	8h	94.260	+0.085%	$1.1M	$580K	20x	as long as short
Lighter CRCL	+0.0288%	1h	94.260	+0.085%	$3.0M	$2.3M	10x	as long as short
Bitget CRCLUSDT	+0.0305%	8h	94.240	+0.064%	$16.6M	$35.1M	25x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0387%	1h	94.230	+0.053%	$4K	$772K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.760	+0.616%	$5K	$19K	30x	as long as short
edgeX CRCLUSDCshort	+0.0698%	4h	94.147	−0.036%	$24K	$267K	10x