CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.048%

Price spread now: Pacifica against Arcus+0.058%7-day average +0.049% · 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−$60as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on Arcus Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.216%+$22 · spread now +0.058%, 7d avg +0.049%

Together, before fees+0.213%+ Points / potential airdropPacifica: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CRCL-USD	92.020	0.0040	pay 0.0005% / 1h	47m 49s	$93K	$272K	10x
Short	Pacifica CRCL	92.073	0.0100	get 0.0013% / 1h	47m 49s	$135K	$159K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.058%Rate

Funding earned: $12.54
Price spread: +0.058% → +0.049%: $0.9
Slippage, 4 orders: −$48.2
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$47.25
Costs to cover: 0.607%
Break-even: 33.4 days

Slippage from Arcus: live order book, 6 min ago; Pacifica: live order book, 51 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, 6 min ago	2.71 bp	10.7 bp −$11	16.1 bp −$161	doesn't fit	doesn't fit
Sell Pacifica live order book, 51 min ago	8.19 bp	20.4 bp −$20	doesn't fit	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	−0.0702%	8h	92.110	+0.098%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.860	−0.174%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.070	+0.054%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.160	+0.152%	$7.3M	$27.2M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.019	−0.001%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.140	+0.130%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0010%	8h	92.040	+0.022%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0014%	8h	92.060	+0.043%	$104.9M	$390.8M	50x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	92.075	+0.059%	$1.1M	$5.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	92.079	+0.064%	$2K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USDlong	+0.0040%	1h	92.020	long leg	$93K	$272K	10x
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.910	−0.120%	$907K	$491K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.969	−0.055%	$68.3M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.093	+0.079%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.044	+0.026%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.940	−0.087%	$1.0M	$5.2M	10x	as long as short
BloFin CRCL-USDT	+0.0056%	8h	92.040	+0.022%	$1.1M	$1.3M	20x	as long as short
QFEX CRCL-USD	+0.0060%	1h	92.120	+0.109%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0064%	8h	92.190	+0.185%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0069%	8h	92.100	+0.087%	$22.3M	$61.7M	50x	as long as short
Lighter RH CRCL	+0.0088%	1h	92.089	+0.075%	$976K	$2.9M	10x	as long as short
Pacifica CRCLshort	+0.0100%	1h	92.073	+0.058%	$135K	$159K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	92.060	+0.043%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.120	+0.109%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.060	+0.043%	$918	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.058	+0.041%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	92.125	+0.114%	$419K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0132%	8h	92.111	+0.099%	$424	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	92.079	+0.064%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0304%	1h	92.096	+0.083%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0387%	1h	92.043	+0.025%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.460	+0.478%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0488%	4h	92.164	+0.156%	$51K	$276K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0946%	1h	92.080	+0.065%	$4K	$768K	10x	as long as short