Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.006%
Price spread now: Bybit against tradeXYZ+0.060%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now +0.060%, 7d avg +0.094%
=Together, before fees+0.129%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.034% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.094%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.087%, 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 | tradeXYZ xyz:CRCL | 91.945 | 0.0050 | pay 0.0006% / 1h | 13m 26s | $69.1M | $42.2M | 10x |
| Short | Bybit CRCLUSDT | 92.000 | 0 | get 0.0000% / 8h | 6h 13m | $15.0M | $26.0M | 50x |
tradeXYZ xyz:CRCL
Bybit CRCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against tradeXYZ. 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
- −$10.5
- Price spread: +0.060% → +0.094%
- −$3.41
- Slippage, 4 orders
- −$12.61
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$55.52
- Costs to cover
- 0.416%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 6 min ago; Bybit: live order book, 5 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 tradeXYZ live order book, 6 min ago | 1.04 bp | 10.3 bp −$10 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.09 bp | 10.5 bp −$10 | 18.8 bp −$188 | doesn't fit | doesn't fit |
CRCL on 33 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 | −0.0857% | 8h | 92.070 | +0.136% | $16.1M | $35.6M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0046% | 1h | 91.810 | −0.147% | — | $40K | 25x | as long as short |
| Gate CRCL_USDT | −0.0037% | 8h | 92.010 | +0.071% | $7.1M | $26.8M | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.0008% | 1h | 91.980 | +0.038% | $912K | $586K | 10x | as long as short |
| Bybit CRCLUSDTshort | 0.0000% | 8h | 92.000 | +0.060% | $15.0M | $26.0M | 50x | |
| RISEx CRCL/USDC | 0.0000% | 1h | 92.040 | +0.103% | $420K | $299K | 10x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.928 | −0.018% | $2.4M | $3.2M | — | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 92.010 | +0.071% | $70K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.030 | +0.092% | $1.0M | $49K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0024% | 1h | 91.950 | +0.005% | $2K | $23K | 5x | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Gate CRCL_USDT
Coinbase International CRCL-PERP-INTX
RISEx CRCL/USDC
Variational Omni CRCL
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Aftermath Perps CRCLUSDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH CRCL | +0.0032% | 1h | 92.101 | +0.170% | $975K | $2.9M | 10x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.960 | +0.016% | $93K | $273K | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.0048% | 1h | 92.037 | +0.100% | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | +0.0050% | 8h | 92.000 | +0.060% | $104.9M | $394.2M | 50x | as long as short |
| tradeXYZ xyz:CRCLlong | +0.0050% | 1h | 91.945 | long leg | $69.1M | $42.2M | 10x | |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.975 | +0.033% | $356K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.982 | +0.040% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.970 | +0.027% | $999K | $5.5M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0053% | 8h | 91.990 | +0.049% | $21.7M | $60.4M | 50x | as long as short |
| QFEX CRCL-USD | +0.0057% | 1h | 92.060 | +0.125% | $1.3M | $2.3M | 10x | as long as short |
| Aster CRCLUSDT | +0.0059% | 8h | 92.036 | +0.099% | $1.1M | $4.9M | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.0072% | 8h | 92.049 | +0.113% | $755 | $740 | 5x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0076% | 1h | 92.040 | +0.103% | $4K | $769K | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.067 | +0.132% | $133K | $158K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.010 | +0.071% | $2.9M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.980 | +0.038% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.980 | +0.038% | $917 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.968 | +0.025% | $4 | — | 10x | as long as short |
| Nado CRCL-PERP | +0.0152% | 1h | 91.963 | +0.020% | $131K | $104K | 3x | as long as short |
| Lighter CRCL | +0.0192% | 1h | 92.097 | +0.165% | $3.0M | $2.4M | 10x | as long as short |
| Phoenix CRCL | +0.0231% | 1h | 91.952 | +0.008% | $27K | $92K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.500 | +0.604% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDC | +0.0705% | 4h | 91.967 | +0.024% | $23K | $268K | 10x | as long as short |
Lighter RH CRCL
Arcus CRCL-USD
Extended CRCL_24_5-USD
Binance CRCLUSDT
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
OKX CRCL-USDT-SWAP
QFEX CRCL-USD
Aster CRCLUSDT
Paradex CRCL-USD-PERP
Deribit CRCL_USDC-PERPETUAL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Nado CRCL-PERP
Lighter CRCL
Phoenix CRCL
Injective CRCL/USDC PERP
edgeX CRCLUSDC