CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0116%/8h= −12.7% APRnext payment −$1.16 per $10,000 · paid last 24h −0.008%

Price spread now: KuCoin against Binance−0.040%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$910.915% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.040%, 7d avg +0.011%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.050% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.011%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.062%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	91.306	0.0216	pay 0.0216% / 8h	4m 09s	$104.9M	$389.2M	50x
Short	KuCoin CRCLUSDTM	91.270	0.0100	get 0.0100% / 8h	4m 09s	$2.7M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$24.31
Price spread: −0.040% → +0.011%: −$5.04
Slippage, 4 orders: −$69.49
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$120.84
Costs to cover: 0.915%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; KuCoin: live order book, 3 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 Binance live order book, 10 min ago	0.55 bp	6.8 bp −$7	11.3 bp −$113	30.9 bp −$3,088	doesn't fit
Sell KuCoin live order book, 3 min ago	1.10 bp	30.4 bp −$30	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	−0.0346%	8h	91.360	+0.059%	$17.3M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0085%	1h	90.980	−0.357%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.340	+0.037%	$7.8M	$28.0M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.300	−0.007%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.285	−0.023%	$983K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.260	−0.051%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.220	−0.095%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.280	−0.029%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	−0.106%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0065%	8h	91.300	−0.007%	$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	91.280	−0.029%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.259%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0091%	1h	91.228	−0.086%	$67.3M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.280	−0.029%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.270	−0.040%	$2.7M	$1.7M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.170	−0.149%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.260	−0.051%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.306	−0.001%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0132%	8h	91.253	−0.059%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0154%	1h	91.276	−0.033%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0161%	8h	91.279	−0.030%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0199%	8h	91.299	−0.008%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDTlong	+0.0216%	8h	91.306	long leg	$104.9M	$389.2M	50x
Extended CRCL_24_5-USD	+0.0216%	1h	91.278	−0.031%	$1.0M	$5.0M	10x	as long as short
Phoenix CRCL	+0.0227%	1h	91.260	−0.051%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	91.227	−0.087%	$70K	$1.1M	10x	as long as short
Lighter CRCL	+0.0264%	1h	91.281	−0.028%	$2.9M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0291%	8h	91.310	+0.004%	$22.3M	$61.7M	50x	as long as short
BloFin CRCL-USDT	+0.0333%	8h	91.320	+0.015%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0438%	1h	91.172	−0.147%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.740	+0.475%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.310	+0.004%	$412K	$263K	10x	as long as short
edgeX CRCLUSDC	+0.0907%	4h	91.195	−0.122%	$52K	$270K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0957%	1h	91.280	−0.029%	$5K	$769K	10x	as long as short