CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.034%

Price spread now: Phoenix against Aevo−0.155%66s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Phoenix

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

Funding pays, the price is against you. Phoenix is 0.155% cheaper against Aevo than usual: you would sell low and buy high (spread −0.155% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 16 days of funding at the current rate (+$1 a day). The two prices were read 66 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	95.562	0.0104	pay 0.0013% / 1h	49m 41s	$4	—	10x
Short	Phoenix CRCL	95.413	0.0136	get 0.0017% / 1h	49m 41s	$28K	$94K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.155%Rate

Funding earned: $6.73
Price spread: −0.155% → 0.000%: −$15.55
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$31.82
Costs to cover: 0.230%
Break-even: 40.1 days

Slippage unknown: Aevo: no order-book sample; Phoenix: no order-book sample. 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 Phoenix no order-book sample	—	—	—	—	—

Aevo and Phoenix: 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 exchanges

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
Coinbase International CRCL-PERP-INTX	−0.0024%	1h	95.490	−0.075%	$871K	$805K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	95.380	−0.190%	$15.7M	$28.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	95.440	−0.127%	$424K	$228K	10x	as long as short
Bitget CRCLUSDT	0.0000%	8h	95.470	−0.096%	$19.4M	$39.3M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	95.320	−0.253%	$1.1M	$47K	10x	as long as short
QFEX CRCL-USD	+0.0014%	1h	95.400	−0.169%	$1.4M	$1.7M	10x	as long as short
Gate CRCL_USDT	+0.0031%	8h	95.450	−0.117%	$7.7M	$26.5M	50x	as long as short
Injective CRCL/USDC PERP	+0.0033%	1h	95.630	+0.072%	$39K	$172K	30x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	95.146	−0.435%	$2K	$29K	5x	as long as short
Lighter RH CRCL	+0.0040%	1h	95.423	−0.145%	$1.0M	$2.7M	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CRCL-USD-PERP	+0.0046%	1h	95.690	+0.134%	—	$29K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	95.234	−0.343%	$69.2M	$44.3M	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	95.470	−0.096%	$1.1M	$4.3M	10x	as long as short
Arcus CRCL-USD	+0.0057%	1h	95.360	−0.211%	$96K	$239K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	95.377	−0.193%	$142K	$151K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	95.300	−0.274%	$2.5M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	95.850	+0.302%	$98K	$26K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	95.440	−0.127%	$752	$2K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0104%	8h	95.298	−0.275%	$438	$477	5x	as long as short
Aevo CRCL-PERPlong	+0.0104%	1h	95.562	long leg	$4	—	10x
Phoenix CRCLshort	+0.0136%	1h	95.413	−0.155%	$28K	$94K	10x
Variational Omni CRCL	+0.0157%	8h	95.650	+0.092%	$2.7M	$3.3M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0209%	8h	95.460	−0.106%	$23.5M	$67.1M	50x	as long as short
Extended CRCL_24_5-USD	+0.0256%	1h	95.418	−0.150%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0262%	8h	95.383	−0.186%	$111.9M	$392.8M	50x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0274%	1h	95.420	−0.148%	$5K	$415K	10x	as long as short
Aster CRCLUSDT	+0.0281%	8h	95.351	−0.220%	$1.2M	$4.8M	20x	as long as short
edgeX CRCLUSDC	+0.0287%	4h	95.658	+0.101%	$55K	$278K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0324%	8h	95.670	+0.113%	$66K	$1.0M	10x	as long as short
Nado CRCL-PERP	+0.0357%	1h	95.607	+0.048%	$153K	$93K	3x	as long as short
BloFin CRCL-USDT	+0.0375%	8h	95.540	−0.023%	$1.1M	$1.8M	20x	as long as short
Polymarket Perps CRCL-USD	+0.0393%	1h	95.700	+0.145%	$284K	$1.1M	10x	as long as short
Lighter CRCL	+0.0424%	1h	95.472	−0.094%	$3.3M	$2.4M	10x	as long as short
SoDEX CRCL-USD	+0.2373%	1h	95.462	−0.104%	$48K	$3K	10x	as long as short