CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0257%/8h= +28.2% APRnext payment +$0.32 per $10,000 · paid last 24h +0.017%

Price spread now: Phoenix against Aftermath Perps+0.188%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 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 +$8 a day on $10k at the current rate, and Phoenix is 0.188% dearer against Aftermath Perps than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CRCLUSD	94.134	0.0038	pay 0.0005% / 1h	6m 54s	$2K	$22K	5x
Short	Phoenix CRCL	94.311	0.0296	get 0.0037% / 1h	6m 54s	$28K	$92K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aftermath Perps. 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 Aftermath PerpsbpFee PhoenixbpOrdersPrice spread, now +0.188%Rate

Funding earned: $54.06
Price spread: +0.188% → 0.000%: $18.76
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $56.82
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Aftermath Perps 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 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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.100	−0.037%	$941K	$621K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.060	−0.079%	$15.5M	$25.3M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.110	−0.026%	$7.2M	$27.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	94.070	−0.068%	$16.9M	$34.3M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.140	+0.006%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.084	−0.054%	$886K	$2.8M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0035%	8h	94.270	+0.144%	$62K	$1.1M	10x	as long as short
Aftermath Perps CRCLUSDlong	+0.0038%	1h	94.134	long leg	$2K	$22K	5x
QFEX CRCL-USD	+0.0042%	1h	94.110	−0.026%	$1.3M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	93.980	−0.164%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	94.009	−0.133%	$71.6M	$40.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.062	−0.077%	$364K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.055	−0.084%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.100	−0.037%	$1.1M	$5.7M	10x	as long as short
Variational Omni CRCL	+0.0091%	8h	94.279	+0.154%	$2.5M	$3.1M	—	as long as short
Pacifica CRCL	+0.0100%	1h	94.100	−0.036%	$75K	$96K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.130	−0.005%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.140	+0.006%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.110	−0.026%	$938	$3K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0100%	8h	94.152	+0.019%	$772	$740	5x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.054	−0.085%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0132%	8h	94.050	−0.090%	$22.7M	$58.9M	50x	as long as short
Binance CRCLUSDT	+0.0164%	8h	94.060	−0.079%	$108.9M	$384.8M	50x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	94.059	−0.080%	$1.1M	$5.5M	10x	as long as short
Aster CRCLUSDT	+0.0169%	8h	94.128	−0.007%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0229%	1h	94.022	−0.119%	$131K	$76K	3x	as long as short
BloFin CRCL-USDT	+0.0284%	8h	94.070	−0.068%	$1.1M	$576K	20x	as long as short
Phoenix CRCLshort	+0.0296%	1h	94.311	+0.188%	$28K	$92K	10x
Lighter CRCL	+0.0328%	1h	94.094	−0.043%	$3.0M	$2.3M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0388%	1h	94.070	−0.068%	$4K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.670	+0.569%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0507%	4h	94.232	+0.104%	$24K	$267K	10x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.200	+0.070%	$96K	$271K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.137	+0.002%	$429K	$297K	10x	as long as short