CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0745%/8h= +81.6% APRnext payment +$7.45 per $10,000 · paid last 24h +0.032%

Price spread now: BloFin against Bitget−0.044%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.044%, 7d avg −0.038%

Together, before fees+0.170%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.146% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.45 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRCLUSDT	91.800	−0.0497	get 0.0497% / 8h	1h 14m	$17.6M	$37.0M	25x
Short	BloFin CRCL-USDT	91.760	0.0248	get 0.0248% / 8h	1h 14m	$1.1M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.044%Rate

Funding earned: $156.44
Price spread: −0.044% → −0.038%: −$0.53
Slippage, 4 orders: −$13.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $118.26
Costs to cover: 0.377%
Break-even: 1.7 days

Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 8 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, 4 min ago	1.63 bp	9.6 bp −$10	15.0 bp −$150	33.0 bp −$3,295	doesn't fit
Sell BloFin live order book, 8 min ago	1.64 bp	8.7 bp −$9	12.3 bp −$123	31.8 bp −$3,179	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 CRCLUSDTlong	−0.0497%	8h	91.800	long leg	$17.6M	$37.0M	25x
Vest CRCL-USD-PERP	−0.0083%	1h	91.470	−0.359%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.720	−0.087%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.770	−0.033%	$7.8M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.760	−0.044%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0032%	8h	91.749	−0.056%	$2.4M	$3.2M	—	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.666	−0.146%	$2K	$28K	5x	as long as short
Lighter RH CRCL	+0.0040%	1h	91.761	−0.042%	$981K	$2.7M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.700	−0.109%	$94K	$292K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.740	−0.065%	$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	91.670	−0.142%	$1.1M	$5.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.790	−0.011%	$894K	$616K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.690	−0.120%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0100%	1h	91.685	−0.125%	$67.9M	$44.5M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.728	−0.079%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.710	−0.098%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.720	−0.087%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.750	−0.054%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.738	−0.067%	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0115%	8h	91.773	−0.030%	$1.0M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0128%	1h	91.693	−0.116%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0130%	8h	91.740	−0.065%	$105.0M	$398.2M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0138%	1h	91.730	−0.076%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0177%	8h	91.710	−0.098%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0201%	8h	91.760	−0.044%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0218%	8h	91.750	−0.054%	$22.3M	$62.8M	50x	as long as short
Phoenix CRCL	+0.0245%	1h	91.779	−0.023%	$27K	$82K	10x	as long as short
BloFin CRCL-USDTshort	+0.0248%	8h	91.760	−0.044%	$1.1M	$1.7M	20x
RISEx CRCL/USDC	+0.0271%	1h	91.740	−0.065%	$418K	$267K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.755	−0.049%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0388%	4h	91.794	−0.006%	$52K	$278K	10x	as long as short
Nado CRCL-PERP	+0.0418%	1h	91.687	−0.124%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.210	+0.447%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0514%	1h	91.710	−0.098%	$5K	$769K	10x	as long as short