Funding you earn now, next payment 03:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h +0.028%
Price spread now: BloFin against Phoenix+0.030%106s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. BloFin is 0.030% dearer against Phoenix than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.229%, so the current rate has only just turned against you. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRCL | 91.832 | 0.0148 | pay 0.0018% / 1h | 19m 16s | $27K | $83K | 10x |
| Short | BloFin CRCL-USDT | 91.860 | 0.0120 | get 0.0120% / 8h | 4h 19m | $1.1M | $1.3M | 20x |
Phoenix CRCL
BloFin CRCL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.82
- Price spread: +0.030% → 0.000%
- $3.05
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$21.77
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; BloFin: live order book, 3 min ago. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 3 min ago | 1.09 bp | 7.1 bp −$7 | 11.2 bp −$112 | 30.1 bp −$3,009 | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0999% | 8h | 91.870 | +0.041% | $16.4M | $35.1M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0068% | 1h | 91.590 | −0.264% | — | $31K | 25x | as long as short |
| Aster CRCLUSDT | 0.0000% | 8h | 91.879 | +0.052% | $1.1M | $5.0M | 20x | as long as short |
| Extended CRCL_24_5-USD | 0.0000% | 1h | 91.806 | −0.029% | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | 0.0000% | 8h | 91.830 | −0.002% | $104.6M | $389.5M | 50x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.850 | +0.020% | $14.9M | $26.4M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 91.844 | +0.013% | $417K | $299K | 10x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.880 | +0.052% | $7.2M | $27.2M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.828 | −0.004% | $2.4M | $3.2M | — | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 91.950 | +0.128% | $65K | $1.1M | 10x | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
Bybit CRCLUSDT
RISEx CRCL/USDC
Gate CRCL_USDT
Variational Omni CRCL
GRVT CRCL_USDT_PerpShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex CRCLUSDT | 0.0000% | 4h | 91.820 | −0.013% | $1.0M | $49K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0016% | 1h | 91.790 | −0.046% | $906K | $490K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0024% | 8h | 91.850 | +0.020% | $22.1M | $61.1M | 50x | as long as short |
| QFEX CRCL-USD | +0.0028% | 1h | 91.820 | −0.013% | $1.3M | $2.0M | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 91.838 | +0.007% | $973K | $2.9M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0034% | 1h | 91.823 | −0.010% | $2K | $25K | 5x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.800 | −0.035% | $93K | $273K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.774 | −0.063% | $68.4M | $41.7M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.818 | −0.015% | $358K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.802 | −0.033% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.820 | −0.013% | $1.0M | $5.1M | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.820 | −0.013% | $134K | $159K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.820 | −0.013% | $2.7M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.750 | −0.089% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.810 | −0.024% | $915 | $2K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0100% | 8h | 91.830 | −0.002% | $422 | $905 | 5x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.812 | −0.022% | $4 | — | 10x | as long as short |
| BloFin CRCL-USDTshort | +0.0120% | 8h | 91.860 | +0.030% | $1.1M | $1.3M | 20x | |
| Phoenix CRCLlong | +0.0148% | 1h | 91.832 | long leg | $27K | $83K | 10x | |
| Lighter CRCL | +0.0184% | 1h | 91.846 | +0.015% | $3.0M | $2.4M | 10x | as long as short |
| Nado CRCL-PERP | +0.0302% | 1h | 91.774 | −0.063% | $130K | $104K | 3x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.400 | +0.619% | $5K | $19K | 30x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0513% | 1h | 91.820 | −0.013% | $4K | $767K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0735% | 4h | 91.815 | −0.018% | $51K | $276K | 10x | as long as short |
Phemex CRCLUSDT
Coinbase International CRCL-PERP-INTX
OKX CRCL-USDT-SWAP
QFEX CRCL-USD
Lighter RH CRCL
Aftermath Perps CRCLUSD
Arcus CRCL-USD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Paradex CRCL-USD-PERP
Aevo CRCL-PERP
Lighter CRCL
Nado CRCL-PERP
Injective CRCL/USDC PERP
Deribit CRCL_USDC-PERPETUAL
edgeX CRCLUSDC