CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0301%/8h= +32.9% APRnext payment +$3.01 per $10,000 · paid last 24h +0.042%

Price spread now: OKX against Bitget−0.032%7-day average −0.017% · 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−$38as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.032%, 7d avg −0.017%

Together, before fees−0.085%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.01 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	92.450	0	get 0.0000% / 8h	7h 17m	$17.9M	$35.9M	25x
Short	OKX CRCL-USDT-SWAP	92.420	0.0301	get 0.0301% / 8h	7h 17m	$22.6M	$60.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $63.11
Price spread: −0.032% → −0.017%: −$1.54
Slippage, 4 orders: −$14.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $25.15
Costs to cover: 0.364%
Break-even: 4.2 days

Slippage from Bitget: live order book, 2 min ago; OKX: 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 Bitget live order book, 2 min ago	1.62 bp	10.8 bp −$11	16.6 bp −$166	40.2 bp −$4,024	doesn't fit
Sell OKX live order book, 2 min ago	0.54 bp	8.8 bp −$9	17.9 bp −$179	180.3 bp −$18.0K	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	−0.0100%	1h	92.190	−0.281%	—	$31K	25x	as long as short
Bitget CRCLUSDTlong	0.0000%	8h	92.450	long leg	$17.9M	$35.9M	25x
Phemex CRCLUSDT	0.0000%	4h	92.520	+0.076%	$1.0M	$46K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.511	+0.066%	$997K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	92.390	−0.065%	$945K	$575K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0035%	1h	91.738	−0.770%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.500	+0.054%	$97K	$276K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.420	−0.032%	$67.9M	$43.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.380	−0.076%	$382K	$998K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.420	−0.032%	$1.1M	$4.6M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0065%	1h	92.540	+0.097%	$1.4M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.519	+0.075%	$136K	$143K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.350	−0.108%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.010	−0.476%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.520	+0.076%	$922	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.540	+0.097%	$4	—	10x	as long as short
Gate CRCL_USDT	+0.0146%	8h	92.530	+0.087%	$7.8M	$26.8M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0151%	8h	92.538	+0.096%	$426	$766	5x	as long as short
Bybit CRCLUSDT	+0.0163%	8h	92.410	−0.043%	$15.1M	$26.6M	50x	as long as short
Variational Omni CRCL	+0.0176%	8h	92.182	−0.290%	$2.4M	$3.3M	—	as long as short
Lighter CRCL	+0.0208%	1h	92.502	+0.056%	$3.0M	$2.1M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	91.817	−0.685%	$27K	$66K	10x	as long as short
Aster CRCLUSDT	+0.0260%	8h	92.493	+0.047%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0264%	1h	92.526	+0.082%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0268%	8h	92.450	0.000%	$106.4M	$384.8M	50x	as long as short
OKX CRCL-USDT-SWAPshort	+0.0301%	8h	92.420	−0.032%	$22.6M	$60.8M	50x
Nado CRCL-PERP	+0.0355%	1h	92.323	−0.137%	$135K	$109K	3x	as long as short
BloFin CRCL-USDT	+0.0388%	8h	92.490	+0.043%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.000	−0.487%	$39K	$172K	30x	as long as short
GRVT CRCL_USDT_Perp	+0.0489%	8h	92.132	−0.344%	$72K	$1.1M	10x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	92.570	+0.130%	$418K	$255K	10x	as long as short
edgeX CRCLUSDC	+0.0642%	4h	92.077	−0.403%	$52K	$270K	10x	as long as short
SoDEX CRCL-USD	+0.0746%	1h	92.480	+0.032%	$46K	$3K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0832%	1h	92.530	+0.087%	$5K	$739K	10x	as long as short