Funding you earn now, next payment 04:00 UTC−0.0803%/8h= −87.9% APRpaid last 24h −0.109%
Price spread now: Binance against edgeX−0.481%60s7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as 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−$370.369% of the position
Funding, last 7 days−0.684%−$68 on $10k
+Price spread, last 2 days (all we have)+0.508%+$51 · spread now −0.481%, 7d avg +0.021%
=Together, before fees−0.176%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Binance is 0.502% cheaper against edgeX than usual: you would sell low and buy high (−$50 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 60 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 | edgeX CRCLUSDC | 93.809 | 0.0940 | pay 0.0470% / 4h | 2h 58m | $24K | $268K | 10x |
| Short | Binance CRCLUSDT | 93.358 | 0.0137 | get 0.0137% / 8h | 6h 58m | $107.7M | $385.9M | 50x |
edgeX CRCLUSDC
Binance CRCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$168.64
- Price spread: −0.481% → +0.021%
- −$50.2
- Slippage, 4 orders
- −$17.94
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$255.78
- Costs to cover
- 0.369%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 9 min ago; Binance: live order book, 15 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 edgeX live order book, 9 min ago | 6.38 bp | 11.6 bp −$12 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.53 bp | 6.5 bp −$7 | 10.8 bp −$108 | 32.8 bp −$3,277 | 138.9 bp −$69.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0008% | 1h | 93.500 | −0.330% | $935K | $591K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 93.350 | −0.489% | $15.3M | $25.5M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 93.348 | −0.492% | $426K | $299K | 10x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 93.420 | −0.415% | $7.2M | $25.5M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 93.420 | −0.415% | $16.6M | $34.4M | 25x | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 93.600 | −0.223% | $62K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 93.550 | −0.276% | $1.0M | $49K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 93.398 | −0.438% | $979K | $2.9M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0037% | 1h | 93.696 | −0.121% | $2K | $22K | 5x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 93.550 | −0.276% | $96K | $271K | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
RISEx CRCL/USDC
Gate CRCL_USDT
Bitget CRCLUSDT
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
Arcus CRCL-USDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | +0.0046% | 1h | 93.330 | −0.511% | — | $37K | 25x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 93.322 | −0.519% | $71.0M | $41.2M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 93.434 | −0.400% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 93.410 | −0.425% | $1.0M | $5.6M | 10x | as long as short |
| QFEX CRCL-USD | +0.0057% | 1h | 93.320 | −0.521% | $1.3M | $2.5M | 10x | as long as short |
| Variational Omni CRCL | +0.0059% | 8h | 93.569 | −0.256% | $2.5M | $3.1M | — | as long as short |
| Paradex CRCL-USD-PERP | +0.0098% | 8h | 93.323 | −0.518% | $765 | $740 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 93.350 | −0.489% | $75K | $96K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 93.470 | −0.362% | $2.9M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 93.750 | −0.063% | $69K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 93.470 | −0.362% | $932 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 93.529 | −0.299% | $4 | — | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0117% | 1h | 93.443 | −0.390% | $362K | $1.1M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0118% | 8h | 93.340 | −0.500% | $22.6M | $58.5M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0136% | 1h | 93.308 | −0.534% | $1.1M | $5.7M | 10x | as long as short |
| Aster CRCLUSDT | +0.0137% | 8h | 93.357 | −0.482% | $1.1M | $4.9M | 20x | as long as short |
| Binance CRCLUSDTshort | +0.0137% | 8h | 93.358 | −0.481% | $107.7M | $385.9M | 50x | |
| Lighter CRCL | +0.0224% | 1h | 93.378 | −0.460% | $3.0M | $2.3M | 10x | as long as short |
| Nado CRCL-PERP | +0.0235% | 1h | 93.414 | −0.422% | $154K | $89K | 3x | as long as short |
| BloFin CRCL-USDT | +0.0257% | 8h | 93.160 | −0.692% | $1.1M | $1.0M | 20x | as long as short |
| Phoenix CRCL | +0.0296% | 1h | 93.653 | −0.166% | $28K | $92K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 93.910 | +0.108% | $5K | $19K | 30x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0713% | 1h | 93.530 | −0.298% | $4K | $769K | 10x | as long as short |
| edgeX CRCLUSDClong | +0.0940% | 4h | 93.809 | long leg | $24K | $268K | 10x |
Vest CRCL-USD-PERP
tradeXYZ xyz:CRCL
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Variational Omni CRCL
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Polymarket Perps CRCL-USD
OKX CRCL-USDT-SWAP
Extended CRCL_24_5-USD
Aster CRCLUSDT
Lighter CRCL
Nado CRCL-PERP
BloFin CRCL-USDT
Phoenix CRCL
Injective CRCL/USDC PERP
Deribit CRCL_USDC-PERPETUAL