CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0329%/8h= −36.1% APRnext payment −$3.29 per $10,000 · paid last 24h −0.039%

Price spread now: Gate against BloFin+0.044%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.044%, 7d avg +0.027%

Together, before fees−0.288%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRCL-USDT	91.200	0.0329	pay 0.0329% / 8h	8m 56s	$1.1M	$1.7M	20x
Short	Gate CRCL_USDT	91.240	0	get 0.0000% / 8h	8m 56s	$7.8M	$28.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now +0.044%Rate

Funding earned: −$69.16
Price spread: +0.044% → +0.027%: $1.72
Slippage, 4 orders: −$15.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.04
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Gate: 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 BloFin live order book, 4 min ago	1.64 bp	9.0 bp −$9	12.7 bp −$127	26.0 bp −$2,599	doesn't fit
Sell Gate live order book, 5 min ago	1.64 bp	13.0 bp −$13	25.4 bp −$254	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	91.260	+0.066%	$17.3M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0081%	1h	90.930	−0.296%	—	$31K	25x	as long as short
Gate CRCL_USDTshort	0.0000%	8h	91.240	+0.044%	$7.8M	$28.0M	50x
Phemex CRCLUSDT	0.0000%	4h	91.230	+0.033%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.225	+0.027%	$982K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.179	−0.024%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.200	0.000%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.180	−0.022%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.150	−0.055%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0060%	8h	91.230	+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	91.220	+0.022%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.143%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0090%	1h	91.134	−0.072%	$67.2M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.190	−0.011%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.210	+0.011%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.120	−0.088%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.210	+0.011%	$909	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.225	+0.027%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0128%	8h	91.194	−0.007%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0154%	1h	91.201	+0.001%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0158%	8h	91.193	−0.008%	$419	$905	5x	as long as short
Aster CRCLUSDT	+0.0193%	8h	91.230	+0.032%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0208%	1h	91.179	−0.023%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0209%	8h	91.200	0.000%	$104.7M	$389.3M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.187	−0.014%	$27K	$74K	10x	as long as short
Lighter CRCL	+0.0248%	1h	91.222	+0.024%	$2.9M	$2.4M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0250%	8h	91.217	+0.018%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0284%	8h	91.220	+0.022%	$22.3M	$61.6M	50x	as long as short
BloFin CRCL-USDTlong	+0.0329%	8h	91.200	long leg	$1.1M	$1.7M	20x
Nado CRCL-PERP	+0.0435%	1h	91.122	−0.085%	$133K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.740	+0.592%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.227	+0.030%	$412K	$269K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0628%	1h	91.190	−0.011%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0810%	4h	91.207	+0.008%	$52K	$269K	10x	as long as short