CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h −0.035%

Price spread now: Extended against Arcus−0.015%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Arcus Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.015%, 7d avg +0.034%

Together, before fees+0.106%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.049% cheaper against Arcus than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.034%). If the spread goes back, that is −$5 on $10k: about 23 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 4 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CRCL-USD	91.210	0.0040	pay 0.0005% / 1h	9m 55s	$95K	$296K	10x
Short	Extended CRCL_24_5-USD	91.196	0.0208	get 0.0026% / 1h	9m 55s	$1.0M	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Arcus. 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 ArcusbpFee ExtendedbpOrdersPrice spread, now −0.015%Rate

Funding earned: $35.22
Price spread: −0.015% → +0.034%: −$4.91
Slippage, 4 orders: −$21.37
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$0.55
Costs to cover: 0.309%
Break-even: 7.1 days

Slippage from Arcus: live order book, 28 min ago; Extended: live order book, 4 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 Arcus live order book, 28 min ago	1.64 bp	10.7 bp −$11	12.8 bp −$128	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.05 bp	4.7 bp −$5	30.0 bp −$300	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	−0.0354%	8h	91.290	+0.088%	$17.4M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	90.940	−0.296%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.250	+0.044%	$7.8M	$28.0M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.240	+0.033%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.230	+0.022%	$982K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.206	−0.004%	$2K	$29K	5x	as long as short
Arcus CRCL-USDlong	+0.0040%	1h	91.210	long leg	$95K	$296K	10x
SoDEX CRCL-USD	+0.0050%	1h	91.210	0.000%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	0.000%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0059%	8h	91.240	+0.033%	$14.8M	$26.5M	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	+0.0071%	1h	91.230	+0.022%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.153%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0090%	1h	91.139	−0.078%	$67.2M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.200	−0.011%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.210	0.000%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.230	+0.022%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.230	+0.022%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.242	+0.035%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0128%	8h	91.194	−0.018%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0154%	1h	91.209	−0.001%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0157%	8h	91.198	−0.014%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0191%	8h	91.235	+0.028%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0207%	8h	91.220	+0.011%	$104.7M	$389.3M	50x	as long as short
Extended CRCL_24_5-USDshort	+0.0208%	1h	91.196	−0.015%	$1.0M	$5.0M	10x
Phoenix CRCL	+0.0227%	1h	91.164	−0.050%	$27K	$74K	10x	as long as short
Lighter CRCL	+0.0248%	1h	91.227	+0.019%	$2.9M	$2.4M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	91.335	+0.137%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0284%	8h	91.230	+0.022%	$22.3M	$61.6M	50x	as long as short
BloFin CRCL-USDT	+0.0327%	8h	91.210	0.000%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0433%	1h	91.122	−0.097%	$133K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.740	+0.581%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.225	+0.016%	$412K	$270K	10x	as long as short
edgeX CRCLUSDC	+0.0610%	4h	91.186	−0.027%	$52K	$271K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0738%	1h	91.230	+0.022%	$5K	$769K	10x	as long as short