CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h +0.035%

Price spread now: Arcus against Extended+0.015%7-day average −0.034% · 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−$26as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Extended Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.015%, 7d avg −0.034%

Together, before fees−0.106%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.049% dearer against Extended than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.034%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 4 days funding on this pair paid +0.058%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRCL_24_5-USD	91.196	0.0208	pay 0.0026% / 1h	10m 01s	$1.0M	$5.0M	10x
Short	Arcus CRCL-USD	91.210	0.0040	get 0.0005% / 1h	10m 01s	$95K	$296K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Extended. 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 ExtendedbpFee ArcusbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$35.22
Price spread: +0.015% → −0.034%: $4.91
Slippage, 4 orders: −$21.37
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$61.19
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Arcus: live order book, 28 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 Extended live order book, 4 min ago	0.05 bp	4.7 bp −$5	22.3 bp −$223	doesn't fit	doesn't fit
Sell Arcus live order book, 28 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	−0.0354%	8h	91.290	+0.103%	$17.4M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	90.940	−0.281%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.280	+0.092%	$7.8M	$27.9M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.240	+0.048%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.230	+0.037%	$982K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.206	+0.011%	$2K	$29K	5x	as long as short
Arcus CRCL-USDshort	+0.0040%	1h	91.210	+0.015%	$95K	$296K	10x
SoDEX CRCL-USD	+0.0050%	1h	91.210	+0.015%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	+0.015%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0059%	8h	91.230	+0.037%	$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	91.230	+0.037%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.139%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0090%	1h	91.133	−0.070%	$67.2M	$44.4M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.200	+0.004%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.240	+0.048%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.230	+0.037%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.230	+0.037%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.242	+0.050%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0128%	8h	91.194	−0.003%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0154%	1h	91.209	+0.014%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0157%	8h	91.198	+0.001%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0191%	8h	91.238	+0.046%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0207%	8h	91.218	+0.023%	$104.7M	$389.4M	50x	as long as short
Extended CRCL_24_5-USDlong	+0.0208%	1h	91.196	long leg	$1.0M	$5.0M	10x
Phoenix CRCL	+0.0227%	1h	91.164	−0.036%	$27K	$74K	10x	as long as short
Lighter CRCL	+0.0248%	1h	91.227	+0.034%	$2.9M	$2.4M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	91.335	+0.152%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0284%	8h	91.230	+0.037%	$22.3M	$61.6M	50x	as long as short
BloFin CRCL-USDT	+0.0327%	8h	91.210	+0.015%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0433%	1h	91.122	−0.082%	$133K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.740	+0.596%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.225	+0.031%	$412K	$270K	10x	as long as short
edgeX CRCLUSDC	+0.0610%	4h	91.186	−0.012%	$52K	$271K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0738%	1h	91.230	+0.037%	$5K	$769K	10x	as long as short