CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −11.0% APRnext payment −$1.00 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against Binance+0.066%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.066%, 7d avg +0.038%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.028% dearer against Binance than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.038%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	91.490	0.0100	pay 0.0100% / 8h	1h 27m	$104.5M	$397.4M	50x
Short	Gate CRCL_USDT	91.550	0	get 0.0000% / 8h	1h 27m	$7.8M	$27.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.066%Rate

Funding earned: −$21.01
Price spread: +0.066% → +0.038%: $2.77
Slippage, 4 orders: −$17.19
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.43
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Gate: live order book, 2 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, 1 min ago	0.55 bp	6.5 bp −$7	11.4 bp −$114	38.2 bp −$3,816	doesn't fit
Sell Gate live order book, 2 min ago	3.83 bp	15.7 bp −$16	39.1 bp −$391	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	−0.0698%	8h	91.560	+0.077%	$17.5M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0088%	1h	91.200	−0.317%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.520	+0.033%	$14.7M	$26.6M	50x	as long as short
Gate CRCL_USDTshort	0.0000%	8h	91.550	+0.066%	$7.8M	$27.5M	50x
Variational Omni CRCL	0.0000%	8h	91.369	−0.132%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.470	−0.022%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.513	+0.025%	$977K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.315	−0.191%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.360	−0.142%	$95K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.473	−0.019%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.390	−0.109%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.317%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.460	−0.033%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0071%	1h	91.426	−0.070%	$67.6M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0088%	8h	91.544	+0.059%	$1.0M	$5.1M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	91.396	−0.103%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.450	−0.044%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.360	−0.142%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.500	+0.011%	$912	$2K	10x	as long as short
Binance CRCLUSDTlong	+0.0100%	8h	91.490	long leg	$104.5M	$397.4M	50x
Extended CRCL_24_5-USD	+0.0104%	1h	91.488	−0.002%	$1.0M	$5.0M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.494	+0.004%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0127%	1h	91.479	−0.012%	$383K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0155%	8h	91.478	−0.014%	$421	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0187%	8h	91.389	−0.111%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0198%	8h	91.520	+0.033%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0220%	8h	91.470	−0.022%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.318	−0.188%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.517	+0.030%	$417K	$268K	10x	as long as short
Lighter CRCL	+0.0280%	1h	91.507	+0.019%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0402%	1h	91.432	−0.063%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0406%	1h	91.500	+0.011%	$5K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.920	+0.470%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0466%	4h	91.418	−0.079%	$52K	$276K	10x	as long as short