CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.003%

Price spread now: Binance against Gate−0.059%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.059%, 7d avg −0.038%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.021% cheaper against Gate than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.038%). If the spread goes back, that is −$2 on $10k: about 4.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRCL_USDT	92.020	0	get 0.0000% / 8h	3h 46m	$7.3M	$27.2M	50x
Short	Binance CRCLUSDT	91.966	0.0018	get 0.0018% / 8h	3h 46m	$104.8M	$390.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.059%Rate

Funding earned: $3.69
Price spread: −0.059% → −0.038%: −$2.11
Slippage, 4 orders: −$15.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$39.09
Costs to cover: 0.407%
Break-even: 81.1 days

Slippage from Gate: live order book, 3 min ago; Binance: live order book, 12 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 Gate live order book, 3 min ago	2.17 bp	10.4 bp −$10	25.0 bp −$250	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.54 bp	6.5 bp −$7	9.9 bp −$99	30.4 bp −$3,044	136.7 bp −$68.3K

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	−0.0696%	8h	92.000	−0.022%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.730	−0.315%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.980	−0.043%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	92.020	long leg	$7.3M	$27.2M	50x
Variational Omni CRCL	0.0000%	8h	92.019	−0.001%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.020	0.000%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0013%	8h	92.033	+0.014%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.960	−0.066%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDTshort	+0.0018%	8h	91.966	−0.059%	$104.8M	$390.8M	50x
Aftermath Perps CRCLUSD	+0.0040%	1h	91.965	−0.060%	$2K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.990	−0.033%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	−0.141%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.909	−0.121%	$68.3M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.934	−0.093%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.948	−0.078%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.940	−0.087%	$1.0M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.910	−0.120%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0068%	8h	92.019	−0.001%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0070%	8h	92.000	−0.022%	$22.3M	$61.6M	50x	as long as short
BloFin CRCL-USDT	+0.0070%	8h	92.040	+0.022%	$1.1M	$1.3M	20x	as long as short
Lighter RH CRCL	+0.0072%	1h	91.953	−0.073%	$974K	$2.9M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.921	−0.107%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.970	−0.054%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.960	−0.065%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.960	−0.065%	$917	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.948	−0.078%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.965	−0.060%	$418K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0132%	8h	91.939	−0.088%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	92.006	−0.015%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0288%	1h	91.956	−0.070%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0384%	1h	91.856	−0.178%	$134K	$106K	3x	as long as short
edgeX CRCLUSDC	+0.0440%	4h	91.999	−0.022%	$51K	$276K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.550	+0.576%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0512%	1h	91.910	−0.120%	$4K	$768K	10x	as long as short