CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.059%

Price spread now: Coinbase International against Arcus−0.308%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.360%+$36 · spread now −0.308%, 7d avg +0.012%

Together, before fees+0.373%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.320% cheaper against Arcus than usual: you would sell low and buy high (spread −0.308% now, against its 7-day average of +0.012%). If the spread goes back, that is −$32 on $10k: about 34 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.013% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CRCL-USD	90.950	0.0040	pay 0.0005% / 1h	26m 06s	$92K	$291K	10x
Short	Coinbase International CRCL-PERP-INTX	90.670	0.0072	get 0.0009% / 1h	26m 06s	$883K	$586K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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 ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now −0.308%Rate

Funding earned: $6.66
Price spread: −0.308% → +0.012%: −$32.02
Slippage, 4 orders: −$27.38
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$67.23
Costs to cover: 0.419%
Break-even: 77.6 days

Slippage from Arcus: live order book, 22 min ago; Coinbase International: live order book, 22 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 Arcus live order book, 22 min ago	3.82 bp	12.9 bp −$13	14.9 bp −$149	doesn't fit	doesn't fit
Sell Coinbase International live order book, 22 min ago	4.92 bp	9.9 bp −$10	14.6 bp −$146	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	−0.0951%	8h	90.950	0.000%	$16.6M	$36.4M	25x	as long as short
Vest CRCL-USD-PERP	−0.0073%	1h	90.590	−0.396%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	90.860	−0.099%	$14.5M	$26.8M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	90.940	−0.011%	$7.5M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	90.870	−0.088%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	90.870	−0.088%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0011%	8h	90.879	−0.078%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0023%	8h	90.867	−0.091%	$103.3M	$395.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	90.842	−0.119%	$1.0M	$5.7M	10x	as long as short
edgeX CRCLUSDC	+0.0027%	4h	91.211	+0.287%	$52K	$278K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	90.910	−0.044%	$970K	$2.9M	10x	as long as short
Arcus CRCL-USDlong	+0.0040%	1h	90.950	long leg	$92K	$291K	10x
Aftermath Perps CRCLUSD	+0.0040%	1h	91.016	+0.073%	$2K	$26K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	90.812	−0.152%	$67.9M	$43.5M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	90.864	−0.095%	$381K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	90.802	−0.163%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	90.770	−0.198%	$999K	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	90.880	−0.077%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTXshort	+0.0072%	1h	90.670	−0.308%	$883K	$586K	10x
Paradex CRCL-USD-PERP	+0.0089%	8h	90.838	−0.123%	$418	$905	5x	as long as short
BloFin CRCL-USDT	+0.0096%	8h	90.820	−0.143%	$1.1M	$1.6M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	90.833	−0.129%	$133K	$161K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	90.880	−0.077%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.130	+0.198%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	90.860	−0.099%	$906	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	90.870	−0.088%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0105%	8h	91.230	+0.308%	$62K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0111%	8h	90.890	−0.066%	$21.9M	$61.8M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	90.861	−0.097%	$414K	$294K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0190%	1h	90.880	−0.077%	$4K	$768K	10x	as long as short
Lighter CRCL	+0.0208%	1h	90.907	−0.047%	$2.9M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0210%	1h	91.148	+0.218%	$27K	$82K	10x	as long as short
Nado CRCL-PERP	+0.0302%	1h	90.845	−0.115%	$132K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.650	+0.770%	$5K	$19K	30x	as long as short