CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0214%/8h= +23.4% APRnext payment +$0.27 per $10,000 · paid last 24h −0.015%

Price spread now: Phoenix against Arcus+0.016%49s7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 49 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	Arcus CRCL-USD	92.730	0.0040	pay 0.0005% / 1h	1m 53s	$97K	$270K	10x
Short	Phoenix CRCL	92.745	0.0254	get 0.0032% / 1h	1m 53s	$27K	$66K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.016%Rate

Funding earned: $44.93
Price spread: +0.016% → 0.000%: $1.62
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $35.05
Costs to cover: 0.115%
Break-even: 1.5 days

Slippage unknown: Arcus: live order book, 31 min ago; 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 Arcus live order book, 31 min ago	2.20 bp	13.8 bp −$14	15.3 bp −$153	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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
Vest CRCL-USD-PERP	−0.0076%	1h	92.510	−0.237%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.720	−0.011%	$17.9M	$35.1M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.720	−0.011%	$1.0M	$46K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.728	−0.002%	$994K	$2.5M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	92.510	−0.237%	$899K	$673K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	92.692	−0.041%	$2K	$29K	5x	as long as short
Arcus CRCL-USDlong	+0.0040%	1h	92.730	long leg	$97K	$270K	10x
tradeXYZ xyz:CRCL	+0.0050%	1h	92.660	−0.075%	$68.0M	$42.7M	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.620	−0.119%	$1.1M	$4.3M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	92.740	+0.011%	$1.4M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CRCL_USDT	+0.0069%	8h	92.740	+0.011%	$7.3M	$28.1M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0086%	1h	92.715	−0.016%	$381K	$964K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.730	0.000%	$136K	$140K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.680	−0.054%	$2.7M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.710	−0.022%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.710	−0.022%	$924	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.690	−0.043%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0171%	8h	92.696	−0.037%	$426	$766	5x	as long as short
Bybit CRCLUSDT	+0.0185%	8h	92.680	−0.054%	$15.1M	$26.2M	50x	as long as short
Lighter CRCL	+0.0208%	1h	92.700	−0.032%	$3.0M	$2.2M	10x	as long as short
Variational Omni CRCL	+0.0254%	8h	92.860	+0.140%	$2.4M	$3.2M	—	as long as short
Phoenix CRCLshort	+0.0254%	1h	92.745	+0.016%	$27K	$66K	10x
Aster CRCLUSDT	+0.0309%	8h	92.700	−0.032%	$1.1M	$5.0M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0313%	8h	92.710	−0.022%	$22.6M	$59.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0320%	1h	92.685	−0.049%	$1.1M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0322%	8h	92.700	−0.032%	$106.9M	$378.0M	50x	as long as short
Nado CRCL-PERP	+0.0363%	1h	92.674	−0.060%	$149K	$111K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.000	−0.787%	$39K	$172K	30x	as long as short
BloFin CRCL-USDT	+0.0441%	8h	92.760	+0.032%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	92.770	+0.043%	$415K	$255K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0614%	1h	92.660	−0.075%	$5K	$641K	10x	as long as short
SoDEX CRCL-USD	+0.0713%	1h	92.680	−0.054%	$46K	$3K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0771%	8h	92.761	+0.034%	$70K	$1.1M	10x	as long as short
edgeX CRCLUSDC	+0.0825%	4h	92.817	+0.094%	$53K	$269K	10x	as long as short