CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1172%/8h= +128.4% APRnext payment +$1.47 per $10,000 · paid last 24h +0.081%

Price spread now: Deribit against Aevo+0.058%56s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Deribit is 0.058% dearer against Aevo than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	Aevo CRCL-PERP	91.807	0.0104	pay 0.0013% / 1h	5m 20s	$4	—	10x
Short	Deribit CRCL_USDC-PERPETUAL	91.860	0.1276	get 0.0160% / 1h	5m 20s	$5K	$769K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aevo. 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 AevobpFee DeribitbpOrdersPrice spread, now +0.058%Rate

Funding earned: $246.2
Price spread: +0.058% → 0.000%: $5.82
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $229.02
Costs to cover: 0.230%
Break-even: 0.5 days

Slippage unknown: Aevo: no order-book sample; Deribit: live order book, 39 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Deribit live order book, 39 min ago	6.02 bp	9.5 bp −$10	12.0 bp −$120	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0378%	8h	91.890	+0.091%	$17.7M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	91.580	−0.247%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.810	+0.004%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.920	+0.124%	$7.8M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.830	+0.026%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.786	−0.022%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.790	−0.018%	$95K	$292K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.839	+0.035%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.730	−0.083%	$1.1M	$5.3M	10x	as long as short
Variational Omni CRCL	+0.0051%	8h	91.859	+0.057%	$2.4M	$3.2M	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0056%	1h	91.850	+0.047%	$982K	$2.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.790	−0.018%	$894K	$441K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.800	−0.007%	$1.3M	$1.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.780	−0.029%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.820	+0.015%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.700	−0.116%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.820	+0.015%	$915	$2K	10x	as long as short
Aevo CRCL-PERPlong	+0.0104%	1h	91.807	long leg	$4	—	10x
tradeXYZ xyz:CRCL	+0.0113%	1h	91.755	−0.056%	$67.9M	$44.2M	10x	as long as short
Aster CRCLUSDT	+0.0132%	8h	91.782	−0.027%	$1.0M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0144%	1h	91.794	−0.014%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0146%	8h	91.820	+0.015%	$105.1M	$397.2M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0150%	1h	91.803	−0.004%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0193%	8h	91.821	+0.015%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0215%	8h	91.823	+0.017%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0231%	8h	91.840	+0.036%	$22.3M	$62.5M	50x	as long as short
Phoenix CRCL	+0.0245%	1h	91.776	−0.033%	$27K	$82K	10x	as long as short
BloFin CRCL-USDT	+0.0259%	8h	91.930	+0.134%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.820	+0.015%	$418K	$266K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.844	+0.041%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0430%	1h	91.736	−0.077%	$134K	$109K	3x	as long as short
edgeX CRCLUSDC	+0.0435%	4h	91.758	−0.053%	$52K	$277K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.270	+0.505%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUALshort	+0.1276%	1h	91.860	+0.058%	$5K	$769K	10x