data as of
Settings8H · net · $10k
Funding arb /

CRCL

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Funding spread now, next payment 00:00 UTC−0.0275%/8h
next payment, per $10,000$2.75paid, last 24h+0.010%paid, last 7 days−0.046%to open and close $10k−$80
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CRCLUSDTM94.4100.0275pay 0.0275% / 8h7h 09m$2.9M$1.4M20x
ShortGate CRCL_USDT94.3500get 0.0000% / 8h7h 09m$7.2M$25.8M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$57.75
Slippage, 4 orders
−$52.93
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$137.68
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 1 min ago.

Price risk

price view
Price gap now
−0.064%
Avg gap 7d
+0.028%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago2.65 bp34.0 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 1 min ago1.06 bp12.7 bp −$1327.2 bp −$272110.0 bp −$11.0Kdoesn't fit

CRCL on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate CRCL_USDTshort0.0000%8h$7.2M$25.8M50x
Phemex CRCLUSDT0.0000%4h$1.0M$45K10xas long as short
Lighter RH CRCL+0.0032%1h$794K$2.7M10xas long as short
Vest CRCL-USD-PERP+0.0046%1h$45K25xas long as short
QFEX CRCL-USD+0.0049%1h$1.4M$2.6M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h$356K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h$47K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h$1.1M$5.7M10xas long as short
Coinbase International CRCL-PERP-INTX+0.0080%1h$938K$791K10xas long as short
Paradex CRCL-USD-PERP+0.0088%8h$717$4285xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Variational Omni CRCL+0.0094%8h$2.2M$2.9Mas long as short
Pacifica CRCL+0.0100%1h$76K$96K10xas long as short
ApeX Omni CRCLUSDT+0.0100%1h$69K$7K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h$941$3K10xas long as short
Aevo CRCL-PERP+0.0104%1h$410xas long as short
tradeXYZ xyz:CRCL+0.0116%1h$71.3M$40.3M10xas long as short
RISEx CRCL/USDC+0.0124%1h$408K$324K10xas long as short
Bybit CRCLUSDT+0.0124%8h$15.6M$23.3M50xas long as short
Aster CRCLUSDT+0.0150%8h$1.1M$4.6M20xas long as short
Binance CRCLUSDT+0.0166%8h$106.8M$355.8M50xas long as short
Extended CRCL_24_5-USD+0.0168%1h$1.1M$3.2M10xas long as short
Phoenix CRCL+0.0204%1h$28K$92K10xas long as short
OKX CRCL-USDT-SWAP+0.0214%8h$22.7M$56.1M50xas long as short
KuCoin CRCLUSDTMlong+0.0275%8h$2.9M$1.4M20x
BloFin CRCL-USDT+0.0286%8h$1.1M$590K20xas long as short
Bitget CRCLUSDT+0.0287%8h$16.8M$33.1M25xas long as short
Lighter CRCL+0.0296%1h$2.9M$2.0M10xas long as short
Nado CRCL-PERP+0.0331%1h$131K$78K3xas long as short
Aftermath Perps CRCLUSD+0.0342%1h$2K$14K5xas long as short
Arcus CRCL-USD+0.0427%1h$106K$250K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h$5K$76K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0492%1h$4K$801K10xas long as short
edgeX CRCLUSDC+0.0546%4h$24K$264K10xas long as short