CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.89 per $10,000 · paid last 24h −0.016%

Price spread now: KuCoin against OKX−0.087%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$970.975% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.087%, 7d avg −0.006%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.082% cheaper against OKX than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.006%). If the spread goes back, that is −$8 on $10k: about 3.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.048% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	91.640	0.0011	pay 0.0011% / 8h	4h 33m	$21.9M	$60.8M	50x
Short	KuCoin CRCLUSDTM	91.560	0.0100	get 0.0100% / 8h	4h 33m	$2.7M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.087%Rate

Funding earned: $18.63
Price spread: −0.087% → −0.006%: −$8.18
Slippage, 4 orders: −$75.49
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$87.03
Costs to cover: 0.975%
Break-even: 39.7 days

Slippage from OKX: live order book, 5 min ago; KuCoin: 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, 5 min ago	0.55 bp	6.8 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.09 bp	32.1 bp −$32	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	−0.1035%	8h	91.640	0.000%	$16.2M	$34.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.260	−0.415%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.590	−0.055%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.537	−0.112%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.575	−0.071%	$104.3M	$388.9M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.610	−0.033%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.580	−0.065%	$416K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.610	−0.033%	$7.2M	$27.1M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.439	−0.219%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.541	−0.108%	$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	91.460	−0.196%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0011%	8h	91.640	long leg	$21.9M	$60.8M	50x
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.500	−0.153%	$903K	$489K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0028%	1h	91.564	−0.083%	$2K	$24K	5x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.550	−0.098%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.570	−0.076%	$971K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.530	−0.120%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.501	−0.152%	$68.2M	$41.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.474	−0.181%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.444	−0.214%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.410	−0.251%	$992K	$5.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0086%	8h	91.538	−0.111%	$421	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.529	−0.121%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.560	−0.087%	$2.7M	$2.0M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.500	−0.153%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.510	−0.142%	$912	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.449	−0.208%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.550	−0.098%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.525	−0.125%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0152%	1h	91.574	−0.072%	$2.9M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0281%	4h	91.498	−0.155%	$51K	$276K	10x	as long as short
Nado CRCL-PERP	+0.0290%	1h	91.483	−0.171%	$130K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0406%	1h	91.460	−0.196%	$4K	$767K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	+0.491%	$5K	$19K	30x	as long as short