CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.044%

Price spread now: BloFin against KuCoin+0.011%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1021.017% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.198%+$20 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.011%, 7d avg −0.004%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRCLUSDTM	91.540	0.0100	pay 0.0100% / 8h	4h 34m	$2.7M	$2.0M	20x
Short	BloFin CRCL-USDT	91.550	0.0120	get 0.0120% / 8h	4h 34m	$1.1M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.011%Rate

Funding earned: $4.2
Price spread: +0.011% → −0.004%: $1.53
Slippage, 4 orders: −$77.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$95.94
Costs to cover: 1.017%
Break-even: 166.9 days

Slippage from KuCoin: live order book, 2 min ago; BloFin: live order book, 3 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 KuCoin live order book, 2 min ago	1.09 bp	52.2 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.55 bp	9.8 bp −$10	12.4 bp −$124	31.4 bp −$3,143	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	−0.1012%	8h	91.580	+0.044%	$16.2M	$35.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.270	−0.295%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.549	+0.009%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.518	−0.024%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.529	−0.012%	$104.4M	$388.8M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.500	−0.044%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.545	+0.005%	$416K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.580	+0.044%	$7.2M	$27.1M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.439	−0.110%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.729	+0.207%	$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	91.540	0.000%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0013%	8h	91.480	−0.066%	$21.9M	$60.6M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.500	−0.044%	$903K	$489K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0028%	1h	91.599	+0.065%	$2K	$24K	5x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.530	−0.011%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.497	−0.047%	$970K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.590	+0.055%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.405	−0.147%	$68.1M	$41.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.478	−0.068%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.498	−0.046%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.410	−0.142%	$992K	$5.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0086%	8h	91.433	−0.117%	$421	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.500	−0.044%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTMlong	+0.0100%	8h	91.540	long leg	$2.7M	$2.0M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.640	+0.109%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.540	0.000%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.483	−0.062%	$4	—	10x	as long as short
BloFin CRCL-USDTshort	+0.0120%	8h	91.550	+0.011%	$1.1M	$1.3M	20x
Phoenix CRCL	+0.0148%	1h	91.525	−0.016%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0160%	1h	91.491	−0.054%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0285%	1h	91.413	−0.139%	$130K	$104K	3x	as long as short
edgeX CRCLUSDC	+0.0422%	4h	91.677	+0.150%	$51K	$276K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	+0.601%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0735%	1h	91.480	−0.066%	$4K	$767K	10x	as long as short