CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.5% APRnext payment −$1.96 per $10,000 · paid last 24h +0.017%

Price spread now: KuCoin against Bitget+0.042%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$890.893% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.042%, 7d avg −0.023%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.065% dearer against Bitget than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.023%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.022% in total) that is about 20 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.022% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRCLUSDT	94.460	0.0296	pay 0.0296% / 8h	12m 42s	$16.9M	$35.5M	25x
Short	KuCoin CRCLUSDTM	94.500	0.0100	get 0.0100% / 8h	12m 42s	$3.0M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$41.16
Price spread: +0.042% → −0.023%: $6.54
Slippage, 4 orders: −$65.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$123.93
Costs to cover: 0.893%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; KuCoin: 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 Bitget live order book, 1 min ago	1.59 bp	10.3 bp −$10	16.3 bp −$163	57.3 bp −$5,726	doesn't fit
Sell KuCoin live order book, 5 min ago	1.58 bp	32.5 bp −$33	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
Gate CRCL_USDT	0.0000%	8h	94.490	+0.032%	$7.2M	$27.8M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.610	+0.159%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.530	+0.074%	$1.4M	$2.7M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.516	+0.059%	$893K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	+0.053%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.520	+0.064%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.532	+0.076%	$366K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.537	+0.082%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.470	+0.011%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0051%	1h	94.598	+0.146%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRCLUSDT	+0.0097%	8h	94.500	+0.042%	$15.5M	$25.9M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	94.540	+0.085%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	94.500	+0.042%	$3.0M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	94.570	+0.116%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.560	+0.106%	$943	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.578	+0.125%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0114%	8h	94.553	+0.098%	$775	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0142%	1h	94.416	−0.047%	$71.5M	$43.6M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0186%	8h	94.510	+0.053%	$22.8M	$60.8M	50x	as long as short
Variational Omni CRCL	+0.0193%	8h	94.671	+0.224%	$2.5M	$3.1M	—	as long as short
Binance CRCLUSDT	+0.0247%	8h	94.488	+0.029%	$109.4M	$390.8M	50x	as long as short
Extended CRCL_24_5-USD	+0.0248%	1h	94.433	−0.029%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0248%	8h	94.508	+0.050%	$1.1M	$4.9M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	94.670	+0.222%	$54K	$1.1M	10x	as long as short
Nado CRCL-PERP	+0.0262%	1h	94.513	+0.056%	$132K	$76K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0279%	1h	94.530	+0.074%	$4K	$772K	10x	as long as short
Phoenix CRCL	+0.0288%	1h	94.530	+0.074%	$28K	$92K	10x	as long as short
Bitget CRCLUSDTlong	+0.0296%	8h	94.460	long leg	$16.9M	$35.5M	25x
Lighter CRCL	+0.0320%	1h	94.537	+0.082%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0369%	8h	94.530	+0.074%	$1.1M	$599K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+1.165%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0477%	4h	94.619	+0.168%	$24K	$269K	10x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.550	+0.095%	$97K	$276K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.565	+0.111%	$431K	$303K	10x	as long as short