CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0057%/8h= −6.3% APRnext payment −$0.07 per $10,000 · paid last 24h +0.051%

Price spread now: Arcus against tradeXYZ+0.109%7-day average −0.026% · 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−$29as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on tradeXYZ Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−0.306%−$31 · spread now +0.109%, 7d avg −0.026%

Together, before fees−0.247%+ Points / potential airdroptradeXYZ: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.134% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of −0.026%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.8 days. Mind the row above: over the last 4 days funding on this pair paid +0.060%, 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	tradeXYZ xyz:CRCL	91.171	0.0098	pay 0.0012% / 1h	38m 39s	$67.5M	$44.4M	10x
Short	Arcus CRCL-USD	91.270	0.0040	get 0.0005% / 1h	38m 39s	$93K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against tradeXYZ. 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 tradeXYZbpFee ArcusbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$12.07
Price spread: +0.109% → −0.026%: $13.42
Slippage, 4 orders: −$20.12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$41.27
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Arcus: live order book, 5 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 tradeXYZ live order book, 11 min ago	1.10 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 5 min ago	4.38 bp	9.3 bp −$9	11.9 bp −$119	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	−0.0723%	8h	91.320	+0.163%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	90.990	−0.199%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.220	+0.054%	$14.6M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.280	+0.120%	$7.8M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.349	+0.195%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.260	+0.098%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.256	+0.094%	$2K	$27K	5x	as long as short
Arcus CRCL-USDshort	+0.0040%	1h	91.270	+0.109%	$93K	$289K	10x
SoDEX CRCL-USD	+0.0050%	1h	91.252	+0.089%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.140	−0.034%	$1.1M	$5.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0056%	1h	91.243	+0.079%	$975K	$2.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	+0.032%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.230	+0.065%	$1.3M	$1.8M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0079%	1h	91.220	+0.054%	$5K	$769K	10x	as long as short
Aster CRCLUSDT	+0.0082%	8h	91.285	+0.125%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0095%	8h	91.220	+0.054%	$104.3M	$397.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.211	+0.044%	$1.0M	$5.1M	10x	as long as short
tradeXYZ xyz:CRCLlong	+0.0098%	1h	91.171	long leg	$67.5M	$44.4M	10x
Pacifica CRCL	+0.0100%	1h	91.200	+0.032%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.240	+0.076%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.200	+0.032%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.250	+0.087%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.240	+0.076%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0141%	1h	91.232	+0.067%	$382K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0164%	8h	91.228	+0.063%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0189%	8h	91.388	+0.238%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0190%	8h	91.260	+0.098%	$22.2M	$62.5M	50x	as long as short
BloFin CRCL-USDT	+0.0216%	8h	91.280	+0.120%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.215	+0.048%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.255	+0.092%	$415K	$268K	10x	as long as short
Lighter CRCL	+0.0296%	1h	91.267	+0.105%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0428%	1h	91.202	+0.034%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.701%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0709%	4h	91.353	+0.200%	$52K	$277K	10x	as long as short