CRCL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusCRCL-USD	72.880	+0.0038	pay 0.0005% / 1h	55m 51s	$467K	$2.9M	10x	Long Arcus5% off
SHORT	Kraken FuturesPF_CRCLXUSD	73.116	+0.0354	get 0.0044% / 1h	55m 51s	$1.6M	$2.2M	20x	Short Kraken Futures

Price gap+0.324%

Funding gap+0.0316% /8h

Both sides work: funding pays +$9 a day on $10k, and the gap is 0.193% above its 7d average: +$19 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$25+0.0316% /8h now · paid −0.245% over the last 7D

Price+$19spread +0.324% now, avg +0.131% → +0.193% if it goes back

Costs−$260.263% of $10k · taker + slippage, in and out

Result−$32−0.32%+ Points / potential airdropArcus: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.324%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CRCL on 44 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

OK: Fits both order books2.9 / 10.1 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$1,000 + $500
Arcus 10x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$9.49Long Arcus: 24 payments, −$1.14; short Kraken Futures: 24 payments, +$10.62.
OK: Entry gap works for you+0.324% vs +0.131%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$467K vs $1.6M OI
Arcus sets your exit cost. Check its book before closing.
OK: Points on a legArcus points
Volume here counts toward the points program.
Watch: KYCArcus No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0117%/8h × 21 periods−$24.55

Price spread+0.324% → +0.131% (7d avg)+$19.27

Slippage, 4 orderslive order books−$11.83

Fee Arcus bp × 2 orders−$4.50

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k−$31.61

Costs to cover0.263%Break-evennever at this rate

Slippage: Arcus: live order book, 1 min ago; Kraken Futures: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGArcus0.692.9 bp−$38.1 bp−$81doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures3.4210.1 bp−$1033.1 bp−$331doesn’t fitdoesn’t fit

Closing costs about the same again.

CRCL news

posts that mention CRCL or Circle Internet Group, from every exchangeSearch all news →

10-28 17:38	QFEX	Other	Max leverage is increased to 20x across the following markets on QFEX $SNDK, $GOOGL, $NVDA, $MU, $SKHY, $INTC, $NBIS, $CRCL, $CBRS, $META, $TSLA, $MRVL, $AAPL, $AMZN, $MSFT, $MSTR and $ANTHROPIC. @QFEX on X ↗
10-27 13:21	Ondo Perps	Other	Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗
10-23 08:04	Reya	Listing	$CRCL $HOOD $MSTR perps are live on Reya. The stablecoin issuer, the broker, and the one people bought because they couldn't buy bitcoin. Now all three trade next to our bitcoin perp. 24/7. 16 RWA perps and counting. Climb the waitlist to get inside. @reya_xyz on X ↗
10-22 22:57	Injective	Token	The second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
10-20 13:01	Reya	Listing	new market CRCLRUSDPERP ($CRCL) seen by our collector
10-13 15:17	Aster	Listing	new market CRCLUSD1 ($CRCL) seen by our collector