CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0130%/8h= +14.2% APRnext payment +$0.16 per $10,000 · paid last 24h +0.017%

Price spread now: Extended against tradeXYZ+0.002%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on tradeXYZ Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 7 days+0.043%+$4 · spread now +0.002%, 7d avg +0.020%

Together, before fees+0.153%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$4 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	92.558	0.0190	pay 0.0024% / 1h	57m 01s	$67.8M	$42.8M	10x
Short	Extended CRCL_24_5-USD	92.560	0.0320	get 0.0040% / 1h	57m 01s	$1.1M	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.002%Rate

Funding earned: $27.21
Price spread: +0.002% → +0.020%: −$1.81
Slippage, 4 orders: −$10.29
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.89
Costs to cover: 0.333%
Break-even: 9.0 days

Slippage from tradeXYZ: live order book, 3 min ago; Extended: live order book, 2 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, 3 min ago	0.54 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.54 bp	5.7 bp −$6	19.9 bp −$199	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
Vest CRCL-USD-PERP	−0.0066%	1h	92.130	−0.462%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.690	+0.143%	$18.0M	$35.2M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.640	+0.089%	$1.0M	$46K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.260	−0.322%	$888K	$675K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.582	+0.026%	$995K	$2.3M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	92.519	−0.042%	$2K	$29K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.472	−0.093%	$380K	$955K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.455	−0.111%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.300	−0.279%	$1.1M	$4.3M	10x	as long as short
Gate CRCL_USDT	+0.0052%	8h	92.690	+0.143%	$7.3M	$25.3M	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	+0.0080%	1h	92.270	−0.311%	$1.4M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.400	−0.171%	$135K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.640	+0.089%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.510	−0.052%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.540	−0.019%	$923	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.515	−0.047%	$4	—	10x	as long as short
Bybit CRCLUSDT	+0.0143%	8h	92.610	+0.056%	$15.1M	$25.9M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0163%	8h	92.397	−0.174%	$425	$766	5x	as long as short
tradeXYZ xyz:CRCLlong	+0.0190%	1h	92.558	long leg	$67.8M	$42.8M	10x
Phoenix CRCL	+0.0254%	1h	92.779	+0.239%	$27K	$64K	10x	as long as short
Variational Omni CRCL	+0.0257%	8h	92.578	+0.021%	$2.4M	$3.2M	—	as long as short
Aster CRCLUSDT	+0.0307%	8h	92.626	+0.073%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0313%	8h	92.590	+0.035%	$22.6M	$59.4M	50x	as long as short
Binance CRCLUSDT	+0.0319%	8h	92.577	+0.021%	$106.7M	$377.5M	50x	as long as short
Lighter CRCL	+0.0320%	1h	92.631	+0.079%	$3.0M	$2.0M	10x	as long as short
Extended CRCL_24_5-USDshort	+0.0320%	1h	92.560	+0.002%	$1.1M	$5.0M	10x
Nado CRCL-PERP	+0.0340%	1h	92.405	−0.165%	$149K	$111K	3x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.450	−0.117%	$96K	$267K	10x	as long as short
BloFin CRCL-USDT	+0.0439%	8h	92.450	−0.117%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.200	+0.694%	$39K	$172K	30x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	92.500	−0.063%	$414K	$255K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0507%	1h	92.500	−0.063%	$5K	$617K	10x	as long as short
edgeX CRCLUSDC	+0.0681%	4h	92.633	+0.081%	$53K	$268K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0688%	8h	92.732	+0.188%	$62K	$1.1M	10x	as long as short