CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.086%

Price spread now: Deribit against tradeXYZ+0.014%7-day average +0.030% · 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−$42as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on tradeXYZ Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.129%+$13 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.014%, 7d avg +0.030%

Together, before fees+0.132%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRCL	91.217	0.0096	pay 0.0012% / 1h	37m 49s	$67.5M	$44.4M	10x
Short	Deribit CRCL_USDC-PERPETUAL	91.230	0.0189	get 0.0024% / 1h	37m 49s	$5K	$769K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.014%Rate

Funding earned: $19.45
Price spread: +0.014% → +0.030%: −$1.6
Slippage, 4 orders: −$14.9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$22.05
Costs to cover: 0.399%
Break-even: 14.9 days

Slippage from tradeXYZ: live order book, 12 min ago; Deribit: live order book, 6 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, 12 min ago	1.10 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 6 min ago	6.02 bp	9.5 bp −$10	12.0 bp −$120	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	91.430	+0.234%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	90.950	−0.293%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.300	+0.091%	$14.6M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.310	+0.102%	$7.8M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.349	+0.145%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.250	+0.036%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.239	+0.024%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.270	+0.058%	$93K	$289K	10x	as long as short
Lighter RH CRCL	+0.0048%	1h	91.292	+0.082%	$975K	$2.7M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.251	+0.037%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.140	−0.084%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.019%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.230	+0.014%	$1.3M	$1.8M	10x	as long as short
Aster CRCLUSDT	+0.0082%	8h	91.318	+0.111%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0095%	8h	91.304	+0.096%	$104.4M	$397.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.279	+0.068%	$1.0M	$5.0M	10x	as long as short
tradeXYZ xyz:CRCLlong	+0.0096%	1h	91.217	long leg	$67.5M	$44.4M	10x
Pacifica CRCL	+0.0100%	1h	91.200	−0.019%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.290	+0.080%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.200	−0.019%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.240	+0.025%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.258	+0.045%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0136%	1h	91.216	−0.001%	$382K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0164%	8h	91.228	+0.013%	$420	$905	5x	as long as short
Deribit CRCL_USDC-PERPETUALshort	+0.0189%	1h	91.230	+0.014%	$5K	$769K	10x
GRVT CRCL_USDT_Perp	+0.0189%	8h	91.388	+0.187%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0190%	8h	91.340	+0.135%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0216%	8h	91.280	+0.069%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.215	−0.002%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.255	+0.042%	$415K	$268K	10x	as long as short
Lighter CRCL	+0.0296%	1h	91.294	+0.084%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0422%	1h	91.193	−0.027%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.650%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0709%	4h	91.353	+0.149%	$52K	$277K	10x	as long as short