CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.051%

Price spread now: tradeXYZ against Arcus+0.071%7-day average +0.028% · 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−$40as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Arcus Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.580%+$58 · spread now +0.071%, 7d avg +0.028%

Together, before fees+0.520%+ Points / potential airdroptradeXYZ: Active · farm board+$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and tradeXYZ is 0.043% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.028%. Mind the row above: over the last 4 days funding on this pair cost −0.061%, 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	91.640	0.0040	pay 0.0005% / 1h	23m 16s	$93K	$273K	10x
Short	tradeXYZ xyz:CRCL	91.705	0.0050	get 0.0006% / 1h	23m 16s	$68.5M	$41.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.071%Rate

Funding earned: $2.04
Price spread: +0.071% → +0.028%: $4.28
Slippage, 4 orders: −$21.46
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$37.64
Costs to cover: 0.440%
Break-even: 136.1 days

Slippage from Arcus: live order book, 40 min ago; tradeXYZ: 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 Arcus live order book, 40 min ago	3.81 bp	10.9 bp −$11	14.4 bp −$144	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	1.36 bp	11.3 bp −$11	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	−0.1299%	8h	91.820	+0.196%	$15.9M	$34.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0077%	1h	91.520	−0.131%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.470	−0.186%	$903K	$518K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.756	+0.126%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.770	+0.142%	$104.6M	$385.0M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.810	+0.186%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.809	+0.185%	$419K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.810	+0.186%	$7.1M	$26.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.576	−0.070%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.605	−0.038%	$65K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.740	+0.109%	$1.0M	$49K	10x	as long as short
Aster CRCLUSDT	+0.0001%	8h	91.750	+0.120%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0006%	8h	91.800	+0.175%	$21.5M	$59.4M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0019%	1h	91.652	+0.013%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.810	+0.186%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.824	+0.201%	$975K	$2.9M	10x	as long as short
Arcus CRCL-USDlong	+0.0040%	1h	91.640	long leg	$93K	$273K	10x
tradeXYZ xyz:CRCLshort	+0.0050%	1h	91.705	+0.071%	$68.5M	$41.2M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	91.730	+0.098%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.740	+0.109%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.550	−0.098%	$974K	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0071%	8h	91.819	+0.195%	$753	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.770	+0.142%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.700	+0.065%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.600	−0.044%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.720	+0.087%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.745	+0.115%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.670	+0.033%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0183%	1h	91.546	−0.103%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0194%	1h	91.764	+0.135%	$131K	$104K	3x	as long as short
Lighter CRCL	+0.0224%	1h	91.831	+0.208%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0300%	4h	91.627	−0.014%	$23K	$248K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.180	+0.589%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0623%	1h	91.770	+0.142%	$4K	$767K	10x	as long as short