CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.026%

Price spread now: tradeXYZ against Extended−0.054%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.054%, 7d avg −0.019%

Together, before fees−0.079%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.035% cheaper against Extended than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of −0.019%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRCL_24_5-USD	91.646	0	get 0.0000% / 1h	32m 39s	$1.1M	$5.7M	10x
Short	tradeXYZ xyz:CRCL	91.597	0.0050	get 0.0006% / 1h	32m 39s	$68.3M	$41.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Extended. 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 ExtendedbpFee tradeXYZbpOrdersPrice spread, now −0.054%Rate

Funding earned: $10.5
Price spread: −0.054% → −0.019%: −$3.5
Slippage, 4 orders: −$8.83
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$24.83
Costs to cover: 0.318%
Break-even: 23.6 days

Slippage from Extended: live order book, 1 min ago; tradeXYZ: live order book, 7 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 Extended live order book, 1 min ago	0.49 bp	5.1 bp −$5	25.8 bp −$258	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.82 bp	10.7 bp −$11	doesn't fit	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	−0.1040%	8h	91.690	+0.048%	$16.2M	$34.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.320	−0.356%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.659	+0.014%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USDlong	0.0000%	1h	91.646	long leg	$1.1M	$5.7M	10x
Binance CRCLUSDT	0.0000%	8h	91.660	+0.015%	$104.4M	$388.8M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.690	+0.048%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.660	+0.015%	$417K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.690	+0.048%	$7.2M	$27.1M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.439	−0.226%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.541	−0.115%	$65K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.600	−0.051%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0013%	8h	91.700	+0.058%	$22.0M	$60.9M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.500	−0.160%	$903K	$489K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.550	−0.105%	$1.3M	$2.0M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0029%	1h	91.617	−0.033%	$2K	$24K	5x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.679	+0.036%	$972K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.550	−0.105%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCLshort	+0.0050%	1h	91.597	−0.054%	$68.3M	$41.6M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	91.551	−0.104%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.534	−0.123%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.410	−0.258%	$992K	$5.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0087%	8h	91.634	−0.013%	$422	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.620	−0.029%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.630	−0.018%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.500	−0.160%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.610	−0.040%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.592	−0.060%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.660	+0.015%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.525	−0.132%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0152%	1h	91.675	+0.031%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0281%	4h	91.498	−0.162%	$51K	$276K	10x	as long as short
Nado CRCL-PERP	+0.0290%	1h	91.483	−0.178%	$130K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	+0.484%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0843%	1h	91.610	−0.040%	$4K	$767K	10x	as long as short