CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0242%/8h= −26.5% APRnext payment −$2.42 per $10,000 · paid last 24h −0.011%

Price spread now: Gate against OKX+0.055%7-day average +0.021% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.055%, 7d avg +0.021%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.033% dearer against OKX than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.021%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	91.510	0.0242	pay 0.0242% / 8h	56m 23s	$22.3M	$62.1M	50x
Short	Gate CRCL_USDT	91.560	0	get 0.0000% / 8h	56m 23s	$7.8M	$27.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.055%Rate

Funding earned: −$50.75
Price spread: +0.055% → +0.021%: $3.33
Slippage, 4 orders: −$16.8
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$89.21
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	0.55 bp	5.9 bp −$6	14.3 bp −$143	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.64 bp	15.1 bp −$15	24.6 bp −$246	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	−0.0349%	8h	91.570	+0.066%	$17.6M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	91.210	−0.328%	—	$31K	25x	as long as short
Gate CRCL_USDTshort	0.0000%	8h	91.560	+0.055%	$7.8M	$27.2M	50x
Phemex CRCLUSDT	0.0000%	4h	91.570	+0.066%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0010%	8h	91.520	+0.011%	$14.8M	$26.6M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.528	+0.020%	$978K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.497	−0.015%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.510	0.000%	$98K	$293K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.478	−0.035%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.410	−0.109%	$1.1M	$5.0M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRCL	+0.0057%	8h	91.499	−0.012%	$2.4M	$3.2M	—	as long as short
QFEX CRCL-USD	+0.0071%	1h	91.510	0.000%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.400	−0.120%	$890K	$420K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.536	+0.028%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.560	+0.055%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.440	−0.076%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.490	−0.022%	$912	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.503	−0.008%	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0144%	8h	91.548	+0.042%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0159%	8h	91.510	0.000%	$105.1M	$395.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0160%	1h	91.484	−0.028%	$1.0M	$5.0M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0182%	8h	91.473	−0.040%	$421	$905	5x	as long as short
tradeXYZ xyz:CRCL	+0.0188%	1h	91.446	−0.070%	$67.7M	$44.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0201%	1h	91.495	−0.016%	$383K	$1.3M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0226%	8h	91.550	+0.044%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0242%	8h	91.510	long leg	$22.3M	$62.1M	50x
Phoenix CRCL	+0.0245%	1h	91.481	−0.032%	$27K	$74K	10x	as long as short
BloFin CRCL-USDT	+0.0278%	8h	91.570	+0.066%	$1.1M	$1.7M	20x	as long as short
Lighter CRCL	+0.0288%	1h	91.552	+0.046%	$2.9M	$2.3M	10x	as long as short
Nado CRCL-PERP	+0.0406%	1h	91.416	−0.103%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0406%	1h	91.470	−0.044%	$5K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.890	+0.415%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.530	+0.022%	$418K	$265K	10x	as long as short
edgeX CRCLUSDC	+0.0477%	4h	91.500	−0.011%	$52K	$278K	10x	as long as short