CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.011%

Price spread now: Coinbase International against tradeXYZ+0.121%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on tradeXYZ Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.121%, 7d avg −0.008%

Together, before fees+0.014%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.129% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of −0.008%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days. Mind the row above: over the last 7 days funding on this pair paid +0.108%, 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	91.080	0.0050	pay 0.0006% / 1h	33m 56s	$67.1M	$44.3M	10x
Short	Coinbase International CRCL-PERP-INTX	91.190	0.0032	get 0.0004% / 1h	33m 56s	$872K	$505K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$3.78
Price spread: +0.121% → −0.008%: $12.89
Slippage, 4 orders: −$8.75
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$27.64
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Coinbase International: live order book, 64 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, 4 min ago	0.77 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 64 min ago	2.73 bp	7.7 bp −$8	13.1 bp −$131	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
Vest CRCL-USD-PERP	−0.0096%	1h	90.850	−0.253%	—	$31K	25x	as long as short
Bitget CRCLUSDT	−0.0075%	8h	91.160	+0.088%	$17.3M	$36.2M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.190	+0.121%	$14.9M	$26.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.240	+0.176%	$1.0M	$47K	10x	as long as short
Gate CRCL_USDT	+0.0021%	8h	91.210	+0.143%	$7.8M	$26.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.176	+0.105%	$981K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTXshort	+0.0032%	1h	91.190	+0.121%	$872K	$505K	10x
Aftermath Perps CRCLUSD	+0.0037%	1h	91.133	+0.058%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.090	+0.011%	$95K	$284K	10x	as long as short
tradeXYZ xyz:CRCLlong	+0.0050%	1h	91.080	long leg	$67.1M	$44.3M	10x

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	91.080	0.000%	$376K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.164	+0.092%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.030	−0.055%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.120	+0.044%	$1.3M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.130	+0.055%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.210	+0.143%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.120	+0.044%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.170	+0.099%	$909	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.200	+0.131%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0133%	8h	91.137	+0.062%	$419	$766	5x	as long as short
Variational Omni CRCL	+0.0152%	8h	91.180	+0.110%	$2.4M	$3.3M	—	as long as short
GRVT CRCL_USDT_Perp	+0.0152%	8h	91.220	+0.154%	$62K	$1.1M	10x	as long as short
Aster CRCLUSDT	+0.0215%	8h	91.206	+0.139%	$1.0M	$5.0M	20x	as long as short
Lighter CRCL	+0.0216%	1h	91.176	+0.105%	$2.9M	$2.1M	10x	as long as short
Binance CRCLUSDT	+0.0230%	8h	91.150	+0.077%	$104.8M	$386.9M	50x	as long as short
Extended CRCL_24_5-USD	+0.0232%	1h	91.116	+0.040%	$1.1M	$5.1M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	91.200	+0.132%	$27K	$66K	10x	as long as short
edgeX CRCLUSDC	+0.0262%	4h	91.189	+0.120%	$52K	$269K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0294%	8h	91.150	+0.077%	$22.3M	$61.4M	50x	as long as short
BloFin CRCL-USDT	+0.0350%	8h	91.150	+0.077%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0373%	1h	91.208	+0.141%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0408%	1h	91.190	+0.121%	$5K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+1.197%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.150	+0.077%	$412K	$257K	10x	as long as short