CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0255%/8h= +27.9% APRnext payment +$2.55 per $10,000 · paid last 24h −0.012%

Price spread now: Bitget against Bybit−0.042%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.042%, 7d avg −0.001%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.041% cheaper against Bybit than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of −0.001%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.070% in total) that is about 4.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.55 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	Bybit CRCLUSDT	94.390	0.0073	pay 0.0073% / 8h	1h 47m	$15.5M	$25.9M	50x
Short	Bitget CRCLUSDT	94.350	0.0328	get 0.0328% / 8h	1h 47m	$16.7M	$35.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.042%Rate

Funding earned: $53.59
Price spread: −0.042% → −0.001%: −$4.1
Slippage, 4 orders: −$23.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: $3.19
Costs to cover: 0.463%
Break-even: 6.6 days

Slippage from Bybit: live order book, 1 min ago; Bitget: 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 Bybit live order book, 1 min ago	1.06 bp	9.9 bp −$10	23.2 bp −$232	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.59 bp	9.7 bp −$10	14.9 bp −$149	56.6 bp −$5,661	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
Gate CRCL_USDT	0.0000%	8h	94.420	+0.032%	$7.2M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.370	−0.021%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.400	+0.011%	$1.4M	$2.7M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0041%	8h	94.433	+0.046%	$50K	$1.2M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.310	−0.085%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0046%	1h	94.381	−0.009%	$2K	$19K	5x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.340	−0.053%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.280	−0.117%	$1.1M	$5.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0052%	1h	94.393	+0.003%	$357K	$1.1M	10x	as long as short
Variational Omni CRCL	+0.0066%	8h	94.407	+0.018%	$2.5M	$3.2M	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRCLUSDTlong	+0.0073%	8h	94.390	long leg	$15.5M	$25.9M	50x
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	94.290	−0.106%	$938K	$742K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.380	−0.011%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.410	+0.021%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.280	−0.117%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.360	−0.032%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.360	−0.032%	$4	—	10x	as long as short
Binance CRCLUSDT	+0.0125%	8h	94.370	−0.021%	$108.4M	$388.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0128%	1h	94.356	−0.036%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0156%	8h	94.370	−0.021%	$1.1M	$4.8M	20x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.429	+0.041%	$431K	$309K	10x	as long as short
Lighter RH CRCL	+0.0160%	1h	94.447	+0.060%	$881K	$2.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0175%	8h	94.410	+0.021%	$774	$740	5x	as long as short
Phoenix CRCL	+0.0212%	1h	94.337	−0.056%	$28K	$92K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	94.410	+0.021%	$97K	$275K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0218%	8h	94.360	−0.032%	$22.8M	$60.4M	50x	as long as short
edgeX CRCLUSDC	+0.0225%	4h	94.409	+0.020%	$24K	$267K	10x	as long as short
BloFin CRCL-USDT	+0.0241%	8h	94.390	0.000%	$1.1M	$581K	20x	as long as short
tradeXYZ xyz:CRCL	+0.0271%	1h	94.315	−0.079%	$70.7M	$42.8M	10x	as long as short
Bitget CRCLUSDTshort	+0.0328%	8h	94.350	−0.042%	$16.7M	$35.1M	25x
Nado CRCL-PERP	+0.0339%	1h	94.335	−0.059%	$126K	$74K	3x	as long as short
Lighter CRCL	+0.0400%	1h	94.465	+0.079%	$3.1M	$2.2M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.850	+0.487%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0704%	1h	94.390	0.000%	$4K	$771K	10x	as long as short