CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.86 per $10,000 · paid last 24h +0.028%

Price spread now: BloFin against OKX−0.098%83s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$7as 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−$320.318% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.098%, 7d avg −0.014%

Together, before fees+0.289%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.084% cheaper against OKX than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.014%). If the spread goes back, that is −$8 on $10k: about 3.3 days of funding at the current rate (+$3 a day). The two prices were read 83 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	OKX CRCL-USDT-SWAP	92.180	0.0034	pay 0.0034% / 8h	4h 11m	$22.3M	$61.5M	50x
Short	BloFin CRCL-USDT	92.090	0.0120	get 0.0120% / 8h	4h 11m	$1.1M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now −0.098%Rate

Funding earned: $18.04
Price spread: −0.098% → −0.014%: −$8.4
Slippage, 4 orders: −$9.82
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$22.18
Costs to cover: 0.318%
Break-even: 15.6 days

Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 1 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 OKX live order book, 2 min ago	0.54 bp	7.4 bp −$7	15.3 bp −$153	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	1.09 bp	10.3 bp −$10	13.5 bp −$135	31.2 bp −$3,118	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	−0.0939%	8h	92.210	+0.033%	$16.6M	$35.2M	25x	as long as short
Vest CRCL-USD-PERP	−0.0069%	1h	91.870	−0.336%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	92.078	−0.111%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.134	−0.050%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	92.159	−0.023%	$104.9M	$390.0M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.160	−0.022%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.110	−0.076%	$419K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.190	+0.011%	$7.2M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.929	−0.272%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.052	−0.138%	$64K	$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	92.040	−0.152%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.990	−0.206%	$908K	$491K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	92.130	−0.054%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.149	−0.034%	$977K	$2.9M	10x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0034%	8h	92.180	long leg	$22.3M	$61.5M	50x
Aftermath Perps CRCLUSD	+0.0036%	1h	91.962	−0.236%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.980	−0.217%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.074	−0.115%	$68.6M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.083	−0.105%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.136	−0.048%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.000	−0.195%	$1.0M	$5.2M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.040	−0.152%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.070	−0.119%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.990	−0.206%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.120	−0.065%	$918	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.123	−0.061%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0107%	8h	92.082	−0.107%	$424	$905	5x	as long as short
BloFin CRCL-USDTshort	+0.0120%	8h	92.090	−0.098%	$1.1M	$1.3M	20x
Phoenix CRCL	+0.0148%	1h	92.044	−0.148%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0208%	1h	92.148	−0.035%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0223%	4h	91.994	−0.201%	$51K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0307%	1h	92.035	−0.157%	$131K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.400	+0.239%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0728%	1h	92.120	−0.065%	$4K	$767K	10x	as long as short