CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.003%

Price spread now: tradeXYZ against Pacifica−0.033%54s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as 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−$770.772% of the position

Long on Pacifica Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.033%, 7d avg −0.022%

Together, before fees+0.028%+ Points / potential airdropPacifica: Active · tradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 54 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	Pacifica CRCL	91.706	0.0100	pay 0.0013% / 1h	7m 50s	$134K	$159K	10x
Short	tradeXYZ xyz:CRCL	91.676	0.0067	get 0.0008% / 1h	7m 50s	$67.9M	$44.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$6.83
Price spread: −0.033% → −0.022%: −$1.11
Slippage, 4 orders: −$51.21
Fee Pacifica: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$85.15
Costs to cover: 0.772%
Break-even: never at this rate

Slippage from Pacifica: live order book, 21 min ago; tradeXYZ: live order book, 12 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, 21 min ago	18.69 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.60 bp	10.2 bp −$10	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	−0.0918%	8h	91.790	+0.091%	$17.2M	$36.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0081%	1h	91.420	−0.312%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.750	+0.047%	$14.7M	$26.8M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.760	+0.058%	$7.7M	$27.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.539	−0.183%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.700	−0.007%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.728	+0.023%	$978K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.426	−0.306%	$2K	$27K	5x	as long as short
Aster CRCLUSDT	+0.0038%	8h	91.637	−0.076%	$1.0M	$5.1M	20x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.500	−0.225%	$93K	$289K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	91.712	+0.006%	$384K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.714	+0.008%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.570	−0.149%	$1.1M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.740	+0.037%	$1.3M	$1.8M	10x	as long as short
Binance CRCLUSDT	+0.0056%	8h	91.740	+0.037%	$104.5M	$397.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0056%	1h	91.698	−0.009%	$1.0M	$5.7M	10x	as long as short
tradeXYZ xyz:CRCLshort	+0.0067%	1h	91.676	−0.033%	$67.9M	$44.3M	10x
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.590	−0.127%	$892K	$606K	10x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.706	long leg	$134K	$159K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.600	−0.116%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.470	−0.258%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.710	+0.004%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.726	+0.021%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.720	+0.014%	$418K	$283K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0134%	8h	91.536	−0.186%	$65K	$1.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0134%	8h	91.684	−0.025%	$422	$905	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0150%	8h	91.760	+0.058%	$22.3M	$62.9M	50x	as long as short
BloFin CRCL-USDT	+0.0169%	8h	91.700	−0.007%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.229	−0.521%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0256%	1h	91.740	+0.037%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0329%	1h	91.607	−0.109%	$134K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.770	+0.069%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0552%	4h	91.496	−0.230%	$52K	$277K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1060%	1h	91.720	+0.015%	$4K	$768K	10x	as long as short