CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.050%

Price spread now: Arcus against tradeXYZ+0.016%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$420.423% of the position

Long on tradeXYZ Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.016%, 7d avg −0.029%

Together, before fees−0.128%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.045% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.029%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 15 days. Mind the row above: over the last 3 days funding on this pair paid +0.061%, 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	tradeXYZ xyz:CRCL	91.945	0.0050	pay 0.0006% / 1h	13m 13s	$69.1M	$42.2M	10x
Short	Arcus CRCL-USD	91.960	0.0040	get 0.0005% / 1h	13m 13s	$93K	$273K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against tradeXYZ. 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 tradeXYZbpFee ArcusbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$2.04
Price spread: +0.016% → −0.029%: $4.5
Slippage, 4 orders: −$19.79
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$39.83
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Arcus: live order book, 55 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 tradeXYZ live order book, 6 min ago	1.04 bp	10.3 bp −$10	10.8 bp −$108	doesn't fit	doesn't fit
Sell Arcus live order book, 55 min ago	3.19 bp	10.1 bp −$10	14.3 bp −$143	doesn't fit	doesn't fit

CRCL on 33 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	−0.0857%	8h	92.050	+0.114%	$16.1M	$35.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0046%	1h	91.810	−0.147%	—	$40K	25x	as long as short
Gate CRCL_USDT	−0.0037%	8h	92.010	+0.071%	$7.1M	$26.8M	50x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.990	+0.049%	$908K	$590K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.000	+0.060%	$15.0M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.040	+0.103%	$420K	$299K	10x	as long as short
Variational Omni CRCL	0.0000%	8h	91.928	−0.018%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.010	+0.071%	$70K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.000	+0.060%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0024%	1h	91.950	+0.005%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.012	+0.073%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USDshort	+0.0040%	1h	91.960	+0.016%	$93K	$273K	10x
Extended CRCL_24_5-USD	+0.0048%	1h	91.967	+0.024%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0050%	8h	92.000	+0.060%	$104.9M	$394.2M	50x	as long as short
tradeXYZ xyz:CRCLlong	+0.0050%	1h	91.945	long leg	$69.1M	$42.2M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	91.975	+0.033%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.982	+0.040%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.970	+0.027%	$999K	$5.5M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0053%	8h	92.020	+0.082%	$21.7M	$60.4M	50x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.060	+0.125%	$1.3M	$2.3M	10x	as long as short
Aster CRCLUSDT	+0.0059%	8h	92.017	+0.079%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0072%	8h	92.049	+0.113%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.067	+0.132%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.010	+0.071%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.980	+0.038%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.980	+0.038%	$917	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.968	+0.025%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0152%	1h	91.963	+0.020%	$131K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0185%	1h	91.970	+0.027%	$4K	$769K	10x	as long as short
Lighter CRCL	+0.0192%	1h	92.019	+0.080%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.952	+0.008%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.500	+0.604%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0705%	4h	91.967	+0.024%	$23K	$268K	10x	as long as short