CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0130%/8h= −14.3% APRnext payment −$1.30 per $10,000 · paid last 24h −0.020%

Price spread now: KuCoin against Binance−0.011%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1041.043% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.011%, 7d avg +0.010%

Together, before fees+0.065%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.021% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	91.180	0.0230	pay 0.0230% / 8h	7h 35m	$104.8M	$386.8M	50x
Short	KuCoin CRCLUSDTM	91.170	0.0100	get 0.0100% / 8h	7h 35m	$2.6M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$27.36
Price spread: −0.011% → +0.010%: −$2.05
Slippage, 4 orders: −$82.31
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$133.72
Costs to cover: 1.043%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; KuCoin: 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, 8 min ago	0.55 bp	7.3 bp −$7	10.7 bp −$107	36.9 bp −$3,692	doesn't fit
Sell KuCoin live order book, 2 min ago	1.64 bp	33.8 bp −$34	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
Vest CRCL-USD-PERP	−0.0096%	1h	90.880	−0.329%	—	$31K	25x	as long as short
Bitget CRCLUSDT	−0.0085%	8h	91.190	+0.011%	$17.3M	$36.1M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.200	+0.022%	$14.9M	$26.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.180	0.000%	$1.0M	$47K	10x	as long as short
Gate CRCL_USDT	+0.0008%	8h	91.200	+0.022%	$7.8M	$26.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.162	−0.020%	$981K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.190	+0.011%	$872K	$505K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.142	−0.042%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.110	−0.077%	$95K	$284K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.066	−0.125%	$67.1M	$44.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	91.114	−0.072%	$376K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.121	−0.065%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.030	−0.165%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.130	−0.055%	$1.3M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.159	−0.023%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.170	−0.011%	$2.6M	$1.7M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.120	−0.066%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.150	−0.033%	$909	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.131	−0.053%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0134%	8h	91.130	−0.055%	$419	$766	5x	as long as short
Variational Omni CRCL	+0.0152%	8h	91.180	0.000%	$2.4M	$3.3M	—	as long as short
GRVT CRCL_USDT_Perp	+0.0152%	8h	91.220	+0.044%	$62K	$1.1M	10x	as long as short
Aster CRCLUSDT	+0.0215%	8h	91.200	+0.022%	$1.0M	$5.0M	20x	as long as short
Lighter CRCL	+0.0224%	1h	91.165	−0.016%	$2.9M	$2.1M	10x	as long as short
Binance CRCLUSDTlong	+0.0230%	8h	91.180	long leg	$104.8M	$386.8M	50x
Extended CRCL_24_5-USD	+0.0232%	1h	91.126	−0.059%	$1.1M	$5.1M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	91.200	+0.022%	$27K	$66K	10x	as long as short
edgeX CRCLUSDC	+0.0262%	4h	91.189	+0.010%	$52K	$269K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0296%	8h	91.180	0.000%	$22.3M	$61.4M	50x	as long as short
BloFin CRCL-USDT	+0.0350%	8h	91.150	−0.033%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0375%	1h	91.084	−0.105%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+1.086%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.168	−0.013%	$412K	$258K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0519%	1h	91.150	−0.033%	$5K	$769K	10x	as long as short