CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.032%

Price spread now: Extended against Coinbase International+0.178%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−0.166%−$17 · spread now +0.178%, 7d avg +0.013%

Together, before fees−0.176%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.165% dearer against Coinbase International than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CRCL-PERP-INTX	91.650	−0.0008	get 0.0001% / 1h	38m 03s	$912K	$584K	10x
Short	Extended CRCL_24_5-USD	91.813	0.0080	get 0.0010% / 1h	38m 03s	$1.1M	$5.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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 Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now +0.178%Rate

Funding earned: $18.48
Price spread: +0.178% → +0.013%: $16.53
Slippage, 4 orders: −$15.22
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $4.79
Costs to cover: 0.302%
Break-even: 5.2 days

Slippage from Coinbase International: live order book, 30 min ago; Extended: live order book, 6 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 Coinbase International live order book, 30 min ago	1.06 bp	6.1 bp −$6	10.6 bp −$106	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.49 bp	5.4 bp −$5	32.8 bp −$328	doesn't fit	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 CRCLUSDT	−0.0270%	8h	91.870	+0.240%	$16.0M	$35.4M	25x	as long as short
Coinbase International CRCL-PERP-INTXlong	−0.0008%	1h	91.650	long leg	$912K	$584K	10x
Bybit CRCLUSDT	0.0000%	8h	91.880	+0.251%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.876	+0.246%	$420K	$301K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.790	+0.153%	$7.2M	$26.3M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.910	+0.284%	$68K	$1.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	0.0000%	1h	91.780	+0.142%	$4K	$769K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.810	+0.175%	$1.0M	$49K	10x	as long as short
Variational Omni CRCL	+0.0004%	8h	91.891	+0.263%	$2.5M	$3.2M	—	as long as short
Vest CRCL-USD-PERP	+0.0007%	1h	91.630	−0.022%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0027%	1h	92.020	+0.403%	$2K	$22K	5x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.837	+0.204%	$975K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.880	+0.251%	$93K	$272K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.766	+0.127%	$69.2M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.845	+0.213%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.760	+0.120%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.760	+0.120%	$1.0M	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.840	+0.207%	$1.3M	$2.4M	10x	as long as short
Extended CRCL_24_5-USDshort	+0.0080%	1h	91.813	+0.178%	$1.1M	$5.7M	10x
Aster CRCLUSDT	+0.0082%	8h	91.853	+0.222%	$1.1M	$4.9M	20x	as long as short
Binance CRCLUSDT	+0.0082%	8h	91.860	+0.229%	$104.8M	$393.4M	50x	as long as short
OKX CRCL-USDT-SWAP	+0.0083%	8h	91.880	+0.251%	$21.6M	$60.2M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0085%	8h	91.854	+0.222%	$753	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.860	+0.229%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.880	+0.251%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.210	+0.611%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.820	+0.185%	$915	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.792	+0.155%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0186%	1h	91.851	+0.219%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0192%	1h	91.833	+0.200%	$3.0M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	+0.742%	$1.1M	$1.1M	20x	as long as short
Phoenix CRCL	+0.0231%	1h	91.923	+0.298%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.270	+0.676%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0628%	4h	92.314	+0.725%	$23K	$267K	10x	as long as short