CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.016%

Price spread now: Extended against Pacifica+0.045%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$670.674% of the position

Long on Pacifica Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.045%, 7d avg −0.012%

Together, before fees+0.026%+ Points / potential airdropPacifica: Active · Extended: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.057% dearer against Pacifica than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.012%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	91.600	0.0100	pay 0.0013% / 1h	2m 00s	$134K	$159K	10x
Short	Extended CRCL_24_5-USD	91.641	0.0064	get 0.0008% / 1h	2m 00s	$1.0M	$5.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Pacifica. 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 PacificabpFee ExtendedbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$7.56
Price spread: +0.045% → −0.012%: $5.73
Slippage, 4 orders: −$54.42
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$69.25
Costs to cover: 0.674%
Break-even: never at this rate

Slippage from Pacifica: live order book, 27 min ago; Extended: 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 Pacifica live order book, 27 min ago	18.69 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.49 bp	5.1 bp −$5	18.9 bp −$189	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	−0.0820%	8h	91.750	+0.164%	$17.5M	$37.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0083%	1h	91.350	−0.273%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.700	+0.109%	$14.7M	$26.8M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.740	+0.153%	$7.8M	$27.8M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.719	+0.130%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.660	+0.066%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.701	+0.110%	$979K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	91.568	−0.035%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.580	−0.022%	$93K	$289K	10x	as long as short
Aster CRCLUSDT	+0.0049%	8h	91.607	+0.007%	$1.0M	$5.1M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0050%	1h	91.660	+0.066%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.490	−0.120%	$1.1M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.620	+0.022%	$1.3M	$1.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0063%	1h	91.598	−0.002%	$384K	$1.3M	10x	as long as short
Binance CRCLUSDT	+0.0063%	8h	91.698	+0.107%	$104.7M	$397.7M	50x	as long as short
Extended CRCL_24_5-USDshort	+0.0064%	1h	91.641	+0.045%	$1.0M	$5.7M	10x
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.470	−0.142%	$891K	$605K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0084%	1h	91.640	+0.044%	$67.9M	$44.3M	10x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.600	long leg	$134K	$159K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.630	+0.033%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.550	−0.055%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.640	+0.044%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.649	+0.053%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.655	+0.060%	$417K	$277K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0147%	8h	91.730	+0.142%	$65K	$1.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0153%	8h	91.615	+0.017%	$421	$905	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0162%	8h	91.710	+0.120%	$22.3M	$62.8M	50x	as long as short
BloFin CRCL-USDT	+0.0183%	8h	91.630	+0.033%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.654	+0.059%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0280%	1h	91.704	+0.114%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0344%	1h	91.567	−0.036%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.150	+0.600%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0530%	4h	91.696	+0.105%	$52K	$278K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0624%	1h	91.630	+0.033%	$5K	$769K	10x	as long as short