CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0212%/8h= −23.2% APRnext payment −$2.12 per $10,000 · paid last 24h +0.004%

Price spread now: Orderly against Bitget−0.032%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Orderly

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Orderly is 0.032% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRCLUSDT	94.570	0.0312	pay 0.0312% / 8h	48m 25s	$16.8M	$35.3M	25x
Short	Orderly PERP_CRCL_USDC_mythos	94.540	0.0100	get 0.0100% / 8h	48m 25s	$943	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. 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 BitgetbpFee OrderlybpOrdersPrice spread, now −0.032%Rate

Funding earned: −$44.52
Price spread: −0.032% → 0.000%: −$3.17
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$65.69
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; Orderly: 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 Bitget live order book, 5 min ago	1.06 bp	8.7 bp −$9	12.0 bp −$120	39.2 bp −$3,919	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Gate CRCL_USDT	0.0000%	8h	94.560	−0.011%	$7.2M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.490	−0.085%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.530	−0.042%	$1.4M	$2.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.390	−0.190%	$939K	$722K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.430	−0.148%	—	$45K	25x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.486	−0.089%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.390	−0.190%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0051%	1h	94.505	−0.068%	$2K	$20K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0083%	1h	94.528	−0.044%	$366K	$1.1M	10x	as long as short
Bybit CRCLUSDT	+0.0096%	8h	94.580	+0.011%	$15.6M	$25.8M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	94.510	−0.063%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.530	−0.042%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.450	−0.127%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythosshort	+0.0100%	8h	94.540	−0.032%	$943	$3K	10x
Aevo CRCL-PERP	+0.0104%	1h	94.562	−0.008%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0113%	8h	94.523	−0.050%	$2.5M	$3.1M	—	as long as short
Lighter RH CRCL	+0.0128%	1h	94.580	+0.011%	$891K	$2.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0129%	8h	94.547	−0.025%	$775	$740	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0149%	8h	94.544	−0.027%	$63K	$1.1M	10x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	94.543	−0.029%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0172%	8h	94.559	−0.012%	$108.9M	$388.7M	50x	as long as short
Aster CRCLUSDT	+0.0184%	8h	94.469	−0.106%	$1.1M	$4.9M	20x	as long as short
edgeX CRCLUSDC	+0.0189%	4h	94.530	−0.042%	$24K	$268K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0200%	8h	94.550	−0.021%	$22.9M	$60.6M	50x	as long as short
Phoenix CRCL	+0.0288%	1h	94.557	−0.014%	$28K	$92K	10x	as long as short
BloFin CRCL-USDT	+0.0291%	8h	94.510	−0.063%	$1.1M	$589K	20x	as long as short
tradeXYZ xyz:CRCL	+0.0295%	1h	94.521	−0.052%	$70.9M	$42.7M	10x	as long as short
Bitget CRCLUSDTlong	+0.0312%	8h	94.570	long leg	$16.8M	$35.3M	25x
Nado CRCL-PERP	+0.0322%	1h	94.467	−0.109%	$127K	$73K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.950	+0.402%	$5K	$19K	30x	as long as short
Lighter CRCL	+0.0456%	1h	94.599	+0.031%	$3.1M	$2.2M	10x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.530	−0.042%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.570	0.000%	$431K	$312K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0915%	1h	94.570	0.000%	$4K	$772K	10x	as long as short