CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h +0.075%

Price spread now: Injective against Arcus+0.583%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Injective

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

The price spread pays, funding is against you. Injective is 0.583% dearer against Arcus than usual: you sell high and buy low (spread +0.583% now, against zero (this spread has no 7-day history yet)): +$58 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CRCL-USD	94.370	0.0560	pay 0.0070% / 1h	9m 05s	$97K	$274K	10x
Short	Injective CRCL/USDC PERP	94.920	0.0440	get 0.0055% / 1h	9m 05s	$5K	$20K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Arcus. 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 ArcusbpFee InjectivebpOrdersPrice spread, now +0.583%Rate

Funding earned: −$25.12
Price spread: +0.583% → 0.000%: $58.28
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $28.64
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Arcus: live order book, 14 min ago; Injective: 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 Arcus live order book, 14 min ago	3.17 bp	10.2 bp −$10	10.7 bp −$107	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
RISEx CRCL/USDC	0.0000%	1h	94.410	+0.042%	$431K	$310K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.410	+0.042%	$7.2M	$27.8M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	94.483	+0.119%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.500	+0.137%	$50K	$1.2M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.460	+0.095%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.400	+0.032%	$1.4M	$2.7M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.354	−0.017%	$880K	$2.9M	10x	as long as short
Bybit CRCLUSDT	+0.0034%	8h	94.450	+0.085%	$15.5M	$25.9M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0044%	1h	94.400	+0.032%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.370	0.000%	—	$45K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRCL_24_5-USD	+0.0048%	1h	94.402	+0.034%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0048%	8h	94.410	+0.042%	$108.4M	$389.3M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.316	−0.057%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.390	+0.021%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.360	−0.011%	$1.1M	$5.9M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0059%	1h	94.327	−0.046%	$70.8M	$42.9M	10x	as long as short
Aster CRCLUSDT	+0.0083%	8h	94.376	+0.006%	$1.1M	$4.8M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	94.370	0.000%	$76K	$100K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.380	+0.011%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.300	−0.074%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.370	0.000%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.378	+0.008%	$4	—	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.390	+0.021%	$939K	$743K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0147%	8h	94.423	+0.056%	$774	$740	5x	as long as short
BloFin CRCL-USDT	+0.0168%	8h	94.390	+0.021%	$1.1M	$588K	20x	as long as short
Nado CRCL-PERP	+0.0209%	1h	94.250	−0.127%	$126K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0222%	8h	94.420	+0.053%	$22.8M	$60.6M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.343	−0.029%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0312%	1h	94.373	+0.003%	$3.1M	$2.4M	10x	as long as short
Bitget CRCLUSDT	+0.0327%	8h	94.420	+0.053%	$16.7M	$35.2M	25x	as long as short
edgeX CRCLUSDC	+0.0424%	4h	94.482	+0.119%	$24K	$266K	10x	as long as short
Injective CRCL/USDC PERPshort	+0.0440%	1h	94.920	+0.583%	$5K	$20K	30x
Arcus CRCL-USDlong	+0.0560%	1h	94.370	long leg	$97K	$274K	10x
Deribit CRCL_USDC-PERPETUAL	+0.1341%	1h	94.430	+0.064%	$4K	$771K	10x	as long as short