CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.044%

Price spread now: KuCoin against BloFin+0.055%110s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1021.017% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.198%−$20 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.055%, 7d avg +0.004%

Together, before fees−0.204%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.050% dearer against BloFin than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.004%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.4 days. At the pace of the last 7 days (−0.198% in total) that is about 43 hours. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRCL-USDT	91.550	0.0120	pay 0.0120% / 8h	4h 33m	$1.1M	$1.3M	20x
Short	KuCoin CRCLUSDTM	91.600	0.0100	get 0.0100% / 8h	4h 33m	$2.7M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$4.2
Price spread: +0.055% → +0.004%: $5.02
Slippage, 4 orders: −$77.67
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$100.84
Costs to cover: 1.017%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; KuCoin: 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 BloFin live order book, 4 min ago	0.55 bp	7.6 bp −$8	12.4 bp −$124	31.3 bp −$3,132	doesn't fit
Sell KuCoin live order book, 4 min ago	1.09 bp	32.1 bp −$32	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	−0.1035%	8h	91.670	+0.131%	$16.2M	$34.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.320	−0.251%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.580	+0.032%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.537	−0.014%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.612	+0.068%	$104.3M	$388.9M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.640	+0.098%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.580	+0.033%	$416K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.650	+0.109%	$7.2M	$27.1M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.439	−0.121%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.541	−0.010%	$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	91.460	−0.098%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0011%	8h	91.650	+0.109%	$21.9M	$60.8M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.500	−0.055%	$903K	$489K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.550	0.000%	$1.3M	$2.0M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0029%	1h	91.617	+0.073%	$2K	$24K	5x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.570	+0.022%	$971K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.530	−0.022%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.554	+0.004%	$68.3M	$41.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.551	+0.001%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.444	−0.116%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.410	−0.153%	$992K	$5.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0086%	8h	91.538	−0.013%	$421	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.529	−0.023%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.600	+0.055%	$2.7M	$2.0M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.500	−0.055%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.610	+0.066%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.592	+0.045%	$4	—	10x	as long as short
BloFin CRCL-USDTlong	+0.0120%	8h	91.550	long leg	$1.1M	$1.3M	20x
Phoenix CRCL	+0.0148%	1h	91.525	−0.027%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0152%	1h	91.574	+0.026%	$2.9M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0281%	4h	91.498	−0.057%	$51K	$276K	10x	as long as short
Nado CRCL-PERP	+0.0290%	1h	91.483	−0.073%	$130K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0406%	1h	91.460	−0.098%	$4K	$767K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	+0.590%	$5K	$19K	30x	as long as short