CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.06 per $10,000 · paid last 24h +0.061%

Price spread now: Arcus against Coinbase International+0.209%7-day average −0.008% · 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−$16as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.209%, 7d avg −0.008%

Together, before fees−0.252%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.216% dearer against Coinbase International than usual: you sell high and buy low (spread +0.209% now, against its 7-day average of −0.008%): +$22 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 4 days (−0.014% in total) that is about 59 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CRCL-PERP-INTX	91.070	0.0088	pay 0.0011% / 1h	2m 22s	$871K	$500K	10x
Short	Arcus CRCL-USD	91.260	0.0040	get 0.0005% / 1h	2m 22s	$95K	$296K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now +0.209%Rate

Funding earned: −$10.02
Price spread: +0.209% → −0.008%: $21.64
Slippage, 4 orders: −$22.98
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.86
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 36 min ago; Arcus: live order book, 36 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 Coinbase International live order book, 36 min ago	2.73 bp	8.3 bp −$8	15.4 bp −$154	doesn't fit	doesn't fit
Sell Arcus live order book, 36 min ago	1.64 bp	10.8 bp −$11	15.7 bp −$157	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	−0.0335%	8h	91.380	+0.340%	$17.4M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	91.020	−0.055%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.320	+0.275%	$7.8M	$28.0M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.300	+0.253%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.336	+0.292%	$984K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.255	+0.203%	$2K	$29K	5x	as long as short
Arcus CRCL-USDshort	+0.0040%	1h	91.260	+0.209%	$95K	$296K	10x
SoDEX CRCL-USD	+0.0050%	1h	91.280	+0.231%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	+0.154%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0066%	8h	91.290	+0.242%	$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	91.340	+0.296%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTXlong	+0.0088%	1h	91.070	long leg	$871K	$500K	10x
tradeXYZ xyz:CRCL	+0.0093%	1h	91.222	+0.167%	$67.3M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.333	+0.289%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.280	+0.231%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.170	+0.110%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.290	+0.242%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.296	+0.249%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0132%	8h	91.253	+0.201%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0156%	1h	91.304	+0.257%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0163%	8h	91.298	+0.250%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0205%	8h	91.329	+0.284%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0216%	1h	91.315	+0.269%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0221%	8h	91.290	+0.242%	$104.9M	$389.2M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.260	+0.209%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	91.227	+0.172%	$70K	$1.1M	10x	as long as short
Lighter CRCL	+0.0264%	1h	91.332	+0.288%	$2.9M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0293%	8h	91.310	+0.264%	$22.3M	$61.7M	50x	as long as short
BloFin CRCL-USDT	+0.0337%	8h	91.330	+0.285%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.750	+0.747%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0442%	1h	91.222	+0.167%	$134K	$109K	3x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.330	+0.285%	$412K	$260K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.300	+0.253%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0907%	4h	91.195	+0.137%	$52K	$270K	10x	as long as short