CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.005%

Price spread now: KuCoin against Gate+0.033%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1301.302% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.033%, 7d avg −0.027%

Together, before fees−0.016%−$2 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 KuCoin is 0.060% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRCL_USDT	91.230	0	get 0.0000% / 8h	5h 46m	$7.0M	$26.5M	50x
Short	KuCoin CRCLUSDTM	91.260	0.0100	get 0.0100% / 8h	5h 46m	$2.8M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.033%Rate

Funding earned: $21
Price spread: +0.033% → −0.027%: $5.97
Slippage, 4 orders: −$103.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$103.22
Costs to cover: 1.302%
Break-even: 41.4 days

Slippage from Gate: 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 Gate live order book, 2 min ago	1.10 bp	10.3 bp −$10	27.3 bp −$273	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.64 bp	48.0 bp −$48	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	−0.1250%	8h	91.260	+0.033%	$15.6M	$34.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0076%	1h	90.900	−0.362%	—	$35K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.160	−0.077%	$900K	$535K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.240	+0.011%	$14.9M	$25.6M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.177	−0.058%	$416K	$297K	10x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	91.230	long leg	$7.0M	$26.5M	50x
Variational Omni CRCL	0.0000%	8h	91.307	+0.085%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.340	+0.121%	$66K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.180	−0.055%	$1.0M	$49K	10x	as long as short
Extended CRCL_24_5-USD	+0.0008%	1h	91.209	−0.023%	$1.1M	$5.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRCLUSDT	+0.0012%	8h	91.211	−0.021%	$103.7M	$383.8M	50x	as long as short
Aster CRCLUSDT	+0.0017%	8h	91.171	−0.065%	$1.1M	$4.9M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0022%	1h	91.283	+0.058%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.170	−0.066%	$1.3M	$2.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0025%	8h	91.250	+0.022%	$21.4M	$59.0M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.202	−0.031%	$970K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.200	−0.033%	$92K	$272K	10x	as long as short
BloFin CRCL-USDT	+0.0048%	8h	91.190	−0.044%	—	$1.3M	20x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.126	−0.114%	$68.2M	$41.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.144	−0.094%	$354K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.124	−0.116%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.060	−0.186%	$973K	$5.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0069%	8h	91.162	−0.074%	$748	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.196	−0.038%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.260	+0.033%	$2.8M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.050	−0.197%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.150	−0.088%	$909	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.176	−0.059%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	91.079	−0.166%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0198%	1h	91.186	−0.049%	$130K	$104K	3x	as long as short
Lighter CRCL	+0.0264%	1h	91.214	−0.018%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.600	+0.406%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0479%	4h	91.113	−0.128%	$23K	$268K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0628%	1h	91.170	−0.066%	$4K	$767K	10x	as long as short