CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0185%/8h= +20.3% APRnext payment +$1.85 per $10,000 · paid last 24h +0.010%

Price spread now: BloFin against OKX+0.053%63s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.337% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.053%, 7d avg −0.001%

Together, before fees+0.154%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.053% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.001%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	94.480	0.0183	pay 0.0183% / 8h	12m 16s	$22.8M	$60.7M	50x
Short	BloFin CRCL-USDT	94.530	0.0369	get 0.0369% / 8h	12m 16s	$1.1M	$599K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.053%Rate

Funding earned: $38.92
Price spread: +0.053% → −0.001%: $5.35
Slippage, 4 orders: −$11.71
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $10.56
Costs to cover: 0.337%
Break-even: 5.1 days

Slippage from OKX: live order book, 1 min ago; BloFin: 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 OKX live order book, 1 min ago	0.53 bp	7.1 bp −$7	13.6 bp −$136	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	1.06 bp	9.7 bp −$10	20.3 bp −$203	39.4 bp −$3,944	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
Gate CRCL_USDT	0.0000%	8h	94.520	+0.042%	$7.2M	$27.8M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.500	+0.021%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.580	+0.106%	$1.4M	$2.7M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.501	+0.022%	$893K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.500	+0.021%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.550	+0.074%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.468	−0.013%	$366K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.466	−0.015%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.470	−0.011%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0051%	1h	94.568	+0.093%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRCLUSDT	+0.0097%	8h	94.530	+0.053%	$15.5M	$25.9M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	94.460	−0.021%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.530	+0.053%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.570	+0.095%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.480	0.000%	$942	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.494	+0.015%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0113%	8h	94.495	+0.016%	$775	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0141%	1h	94.458	−0.023%	$71.6M	$43.6M	10x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0183%	8h	94.480	long leg	$22.8M	$60.7M	50x
Variational Omni CRCL	+0.0193%	8h	94.671	+0.202%	$2.5M	$3.1M	—	as long as short
Binance CRCLUSDT	+0.0247%	8h	94.490	+0.011%	$109.4M	$390.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0248%	1h	94.472	−0.008%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0248%	8h	94.539	+0.062%	$1.1M	$4.9M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	94.670	+0.201%	$54K	$1.1M	10x	as long as short
Nado CRCL-PERP	+0.0261%	1h	94.388	−0.098%	$132K	$76K	3x	as long as short
Phoenix CRCL	+0.0288%	1h	94.530	+0.053%	$28K	$92K	10x	as long as short
Bitget CRCLUSDT	+0.0294%	8h	94.480	0.000%	$16.9M	$35.5M	25x	as long as short
Lighter CRCL	+0.0312%	1h	94.520	+0.042%	$3.0M	$2.2M	10x	as long as short
BloFin CRCL-USDTshort	+0.0369%	8h	94.530	+0.053%	$1.1M	$599K	20x
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+1.143%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0477%	4h	94.619	+0.147%	$24K	$269K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0491%	1h	94.510	+0.032%	$4K	$772K	10x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.480	0.000%	$97K	$276K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.495	+0.016%	$431K	$303K	10x	as long as short