CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against Bybit−0.064%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1351.354% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.064%, 7d avg −0.025%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.039% cheaper against Bybit than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.025%). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.031% in total) that is about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRCLUSDT	93.190	0	get 0.0000% / 8h	5h 59m	$15.1M	$25.1M	50x
Short	KuCoin CRCLUSDTM	93.130	0.0100	get 0.0100% / 8h	5h 59m	$2.6M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.064%Rate

Funding earned: $21
Price spread: −0.064% → −0.025%: −$3.94
Slippage, 4 orders: −$112.4
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$118.34
Costs to cover: 1.354%
Break-even: 46.4 days

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 5 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, 2 min ago	1.08 bp	11.0 bp −$11	17.1 bp −$171	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.15 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit

CRCL on 34 exchanges

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	−0.0019%	1h	93.060	−0.139%	—	$30K	25x	as long as short
Bybit CRCLUSDTlong	0.0000%	8h	93.190	long leg	$15.1M	$25.1M	50x
Bitget CRCLUSDT	0.0000%	8h	93.230	+0.043%	$18.3M	$33.5M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.170	−0.021%	$1.0M	$45K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.990	−0.215%	$861K	$702K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.207	+0.018%	$1.0M	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	92.945	−0.263%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	93.100	−0.097%	$68.1M	$40.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.162	−0.030%	$383K	$847K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.113	−0.083%	$47K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0080%	1h	93.170	−0.021%	$1.3M	$1.6M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	93.138	−0.056%	$139K	$141K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0100%	1h	93.130	−0.064%	$1.0M	$3.8M	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	93.130	−0.064%	$2.6M	$1.6M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	92.940	−0.268%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.160	−0.032%	$929	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.200	+0.010%	$4	—	10x	as long as short
Gate CRCL_USDT	+0.0123%	8h	93.300	+0.118%	$7.5M	$25.1M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0133%	8h	93.190	0.000%	$429	$477	5x	as long as short
Phoenix CRCL	+0.0199%	1h	92.945	−0.263%	$27K	$66K	10x	as long as short
Lighter CRCL	+0.0248%	1h	93.281	+0.098%	$3.0M	$2.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0287%	1h	93.170	−0.021%	$5K	$454K	10x	as long as short
Variational Omni CRCL	+0.0309%	8h	92.973	−0.233%	$2.5M	$3.3M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0340%	8h	93.190	0.000%	$23.0M	$57.3M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	93.140	−0.054%	$94K	$214K	10x	as long as short
Aster CRCLUSDT	+0.0386%	8h	93.140	−0.054%	$1.1M	$4.5M	20x	as long as short
Extended CRCL_24_5-USD	+0.0392%	1h	93.169	−0.022%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0396%	8h	93.160	−0.032%	$107.7M	$354.0M	50x	as long as short
edgeX CRCLUSDC	+0.0418%	4h	92.953	−0.254%	$53K	$270K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	−1.180%	$38K	$172K	30x	as long as short
Nado CRCL-PERP	+0.0443%	1h	93.196	+0.006%	$153K	$92K	3x	as long as short
BloFin CRCL-USDT	+0.0508%	8h	93.070	−0.129%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0528%	1h	93.180	−0.011%	$418K	$239K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0805%	8h	93.020	−0.182%	$62K	$1.0M	10x	as long as short