CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.44 per $10,000 · paid last 24h +0.036%

Price spread now: BloFin against Binance+0.139%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.139%, 7d avg +0.011%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.127% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	91.923	0.0015	pay 0.0015% / 8h	3h 42m	$104.7M	$390.9M	50x
Short	BloFin CRCL-USDT	92.050	0.0059	get 0.0059% / 8h	3h 42m	$1.1M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.139%Rate

Funding earned: $9.27
Price spread: +0.139% → +0.011%: $12.74
Slippage, 4 orders: −$7.77
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.76
Costs to cover: 0.298%
Break-even: 12.9 days

Slippage from Binance: live order book, 16 min ago; BloFin: 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 Binance live order book, 16 min ago	0.54 bp	6.1 bp −$6	9.0 bp −$90	32.1 bp −$3,207	doesn't fit
Sell BloFin live order book, 5 min ago	1.09 bp	8.1 bp −$8	8.9 bp −$89	24.8 bp −$2,480	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	−0.0697%	8h	91.980	+0.062%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.730	−0.210%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.930	+0.008%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.980	+0.062%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.979	+0.061%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.000	+0.084%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0009%	8h	91.966	+0.047%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDTlong	+0.0015%	8h	91.923	long leg	$104.7M	$390.9M	50x
Extended CRCL_24_5-USD	+0.0016%	1h	91.905	−0.019%	$1.2M	$5.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.950	+0.029%	$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-USD	+0.0040%	1h	91.930	+0.008%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	−0.035%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.805	−0.128%	$68.2M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.934	+0.012%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.965	+0.046%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.900	−0.025%	$1.0M	$5.2M	10x	as long as short
Lighter RH CRCL	+0.0056%	1h	91.999	+0.083%	$975K	$2.9M	10x	as long as short
BloFin CRCL-USDTshort	+0.0059%	8h	92.050	+0.139%	$1.1M	$1.6M	20x
QFEX CRCL-USD	+0.0060%	1h	91.980	+0.062%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0072%	8h	91.949	+0.029%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0074%	8h	91.940	+0.019%	$22.3M	$61.6M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.967	+0.049%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.920	−0.003%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.900	−0.025%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.970	+0.052%	$917	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.969	+0.050%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.976	+0.058%	$418K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0129%	8h	91.944	+0.023%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	91.939	+0.018%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0280%	1h	92.005	+0.090%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0371%	1h	91.895	−0.030%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.476%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0512%	1h	91.970	+0.052%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0529%	4h	92.039	+0.126%	$51K	$277K	10x	as long as short