CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0097%/8h= −10.7% APRnext payment −$0.97 per $10,000 · paid last 24h −0.026%

Price spread now: Bybit against OKX−0.022%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.022%, 7d avg +0.018%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.040% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	91.960	0.0097	pay 0.0097% / 8h	3h 15m	$22.3M	$61.8M	50x
Short	Bybit CRCLUSDT	91.940	0	get 0.0000% / 8h	3h 15m	$14.9M	$26.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$20.44
Price spread: −0.022% → +0.018%: −$3.99
Slippage, 4 orders: −$14.33
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$59.76
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bybit: 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 OKX live order book, 3 min ago	0.54 bp	7.7 bp −$8	13.8 bp −$138	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.09 bp	10.4 bp −$10	18.6 bp −$186	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	−0.0685%	8h	91.970	+0.011%	$16.6M	$35.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0061%	1h	91.670	−0.315%	—	$31K	25x	as long as short
Bybit CRCLUSDTshort	0.0000%	8h	91.940	−0.022%	$14.9M	$26.6M	50x
Gate CRCL_USDT	0.0000%	8h	91.980	+0.022%	$7.3M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.919	−0.045%	$2.5M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.930	−0.033%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0019%	8h	91.961	+0.001%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.894	−0.072%	$1.2M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0027%	8h	91.939	−0.023%	$104.8M	$392.6M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.969	+0.010%	$975K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0039%	1h	91.891	−0.075%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.870	−0.098%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	−0.207%	$911K	$519K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.880	−0.087%	$68.3M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.880	−0.087%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.918	−0.046%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.840	−0.130%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.920	−0.043%	$1.3M	$1.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0070%	8h	91.908	−0.057%	$423	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0087%	8h	92.030	+0.076%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0097%	8h	91.960	long leg	$22.3M	$61.8M	50x
Pacifica CRCL	+0.0100%	1h	91.893	−0.073%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.910	−0.054%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.830	−0.141%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.930	−0.033%	$917	$2K	10x	as long as short
BloFin CRCL-USDT	+0.0102%	8h	91.930	−0.033%	$1.1M	$1.6M	20x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.919	−0.045%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.935	−0.027%	$419K	$299K	10x	as long as short
Phoenix CRCL	+0.0182%	1h	91.770	−0.207%	$27K	$82K	10x	as long as short
edgeX CRCLUSDC	+0.0226%	4h	91.934	−0.028%	$51K	$276K	10x	as long as short
Lighter CRCL	+0.0264%	1h	91.961	+0.001%	$3.0M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0294%	1h	91.920	−0.043%	$4K	$768K	10x	as long as short
Nado CRCL-PERP	+0.0356%	1h	91.836	−0.135%	$134K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.435%	$5K	$19K	30x	as long as short