CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.003%

Price spread now: Pacifica against tradeXYZ+0.072%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$660.663% of the position

Long on tradeXYZ Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.072%, 7d avg +0.022%

Together, before fees−0.067%+ Points / potential airdroptradeXYZ: Active · Pacifica: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Pacifica is 0.050% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRCL	91.483	0.0074	pay 0.0009% / 1h	46m 13s	$68.1M	$42.9M	10x
Short	Pacifica CRCL	91.549	0.0100	get 0.0013% / 1h	46m 13s	$134K	$162K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.072%Rate

Funding earned: $5.46
Price spread: +0.072% → +0.022%: $5.01
Slippage, 4 orders: −$40.33
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$55.86
Costs to cover: 0.663%
Break-even: 78.7 days

Slippage from tradeXYZ: live order book, 3 min ago; Pacifica: live order book, 48 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	0.60 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 48 min ago	6.53 bp	28.2 bp −$28	doesn't fit	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	−0.0755%	8h	91.570	+0.095%	$16.7M	$36.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.270	−0.233%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.510	+0.030%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.540	+0.062%	$7.4M	$27.1M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.509	+0.028%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.510	+0.030%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0023%	8h	91.555	+0.078%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.541	+0.063%	$974K	$2.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0032%	1h	91.476	−0.008%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0034%	8h	91.524	+0.045%	$104.2M	$393.7M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.580	+0.106%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	91.521	+0.042%	$2K	$26K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.501	+0.020%	$383K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.491	+0.009%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.540	+0.062%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.550	+0.073%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.400	−0.091%	$911K	$521K	10x	as long as short
tradeXYZ xyz:CRCLlong	+0.0074%	1h	91.483	long leg	$68.1M	$42.9M	10x
Paradex CRCL-USD-PERP	+0.0094%	8h	91.531	+0.052%	$421	$905	5x	as long as short
Pacifica CRCLshort	+0.0100%	1h	91.549	+0.072%	$134K	$162K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.520	+0.040%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.600	+0.128%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.530	+0.051%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.508	+0.027%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0110%	8h	91.680	+0.215%	$62K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0116%	8h	91.540	+0.062%	$22.2M	$61.9M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.550	+0.073%	$417K	$295K	10x	as long as short
BloFin CRCL-USDT	+0.0139%	8h	91.630	+0.161%	$1.1M	$1.6M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0187%	1h	91.520	+0.040%	$4K	$768K	10x	as long as short
Phoenix CRCL	+0.0210%	1h	91.658	+0.191%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0280%	1h	91.525	+0.046%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0342%	1h	91.484	+0.002%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.050	+0.620%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0927%	4h	91.615	+0.145%	$52K	$278K	10x	as long as short