CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0144%/8h= −15.8% APRnext payment −$1.44 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against Bitget−0.034%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 2 days (all we have)−0.009%−$1 · spread now −0.034%, 7d avg −0.029%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRCLUSDT	94.270	0.0305	pay 0.0305% / 8h	1h 05m	$16.7M	$35.1M	25x
Short	Binance CRCLUSDT	94.238	0.0161	get 0.0161% / 8h	1h 05m	$108.4M	$388.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.034%Rate

Funding earned: −$30.29
Price spread: −0.034% → −0.029%: −$0.5
Slippage, 4 orders: −$10.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$63.64
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 min ago; Binance: live order book, 9 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 Bitget live order book, 9 min ago	1.59 bp	9.1 bp −$9	16.3 bp −$163	59.5 bp −$5,952	doesn't fit
Sell Binance live order book, 9 min ago	0.53 bp	6.9 bp −$7	11.2 bp −$112	30.8 bp −$3,078	137.0 bp −$68.5K

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
Gate CRCL_USDT	0.0000%	8h	94.260	−0.011%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.190	−0.085%	$1.0M	$52K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.270	0.000%	$888K	$2.9M	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.150	−0.127%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.130	−0.149%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0048%	1h	94.229	−0.043%	$2K	$20K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.233	−0.039%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.216	−0.057%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.160	−0.117%	$1.1M	$5.9M	10x	as long as short
Bybit CRCLUSDT	+0.0076%	8h	94.250	−0.021%	$15.5M	$25.8M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	94.100	−0.180%	$936K	$720K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.180	−0.095%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.260	−0.011%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.190	−0.085%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.210	−0.064%	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.252	−0.019%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0116%	8h	94.222	−0.051%	$2.5M	$3.1M	—	as long as short
Paradex CRCL-USD-PERP	+0.0124%	8h	94.218	−0.055%	$773	$740	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0132%	8h	94.200	−0.074%	$62K	$1.1M	10x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.237	−0.035%	$430K	$310K	10x	as long as short
Extended CRCL_24_5-USD	+0.0160%	1h	94.222	−0.051%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDTshort	+0.0161%	8h	94.238	−0.034%	$108.4M	$388.4M	50x
tradeXYZ xyz:CRCL	+0.0172%	1h	94.212	−0.062%	$70.6M	$42.7M	10x	as long as short
Aster CRCLUSDT	+0.0178%	8h	94.203	−0.071%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0190%	8h	94.240	−0.032%	$22.8M	$60.4M	50x	as long as short
Phoenix CRCL	+0.0212%	1h	94.180	−0.095%	$28K	$92K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	94.180	−0.095%	$96K	$275K	10x	as long as short
Nado CRCL-PERP	+0.0253%	1h	94.174	−0.102%	$126K	$73K	3x	as long as short
BloFin CRCL-USDT	+0.0281%	8h	94.270	0.000%	$1.1M	$580K	20x	as long as short
Lighter CRCL	+0.0288%	1h	94.269	−0.001%	$3.0M	$2.3M	10x	as long as short
Bitget CRCLUSDTlong	+0.0305%	8h	94.270	long leg	$16.7M	$35.1M	25x
Deribit CRCL_USDC-PERPETUAL	+0.0387%	1h	94.230	−0.042%	$4K	$772K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.760	+0.520%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0698%	4h	94.147	−0.131%	$24K	$267K	10x	as long as short