CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0360%/8h= +39.4% APRnext payment +$0.45 per $10,000 · paid last 24h +0.092%

Price spread now: Injective against Coinbase International+0.701%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.548%+$55 on $10k

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 +$11 a day on $10k at the current rate, and Injective is 0.701% dearer against Coinbase International than usual: you sell high and buy low: +$70 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	Coinbase International CRCL-PERP-INTX	94.100	0.0080	pay 0.0010% / 1h	20m 50s	$936K	$740K	10x
Short	Injective CRCL/USDC PERP	94.760	0.0440	get 0.0055% / 1h	20m 50s	$5K	$19K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now +0.701%Rate

Funding earned: $75.6
Price spread: +0.701% → 0.000%: $70.14
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $135.72
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 63 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 Coinbase International live order book, 63 min ago	5.29 bp	13.5 bp −$13	20.3 bp −$203	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
Gate CRCL_USDT	0.0000%	8h	94.370	+0.287%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.330	+0.244%	$1.0M	$50K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.369	+0.286%	$889K	$2.9M	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.370	+0.287%	$1.4M	$2.8M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.250	+0.159%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0048%	1h	94.345	+0.261%	$2K	$20K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.335	+0.250%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.363	+0.279%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.260	+0.170%	$1.1M	$5.9M	10x	as long as short
Bybit CRCLUSDT	+0.0078%	8h	94.390	+0.308%	$15.5M	$25.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTXlong	+0.0080%	1h	94.100	long leg	$936K	$740K	10x
Pacifica CRCL	+0.0100%	1h	94.330	+0.244%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.340	+0.255%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.190	+0.096%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.360	+0.276%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.385	+0.303%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0122%	8h	94.193	+0.099%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	+0.0129%	8h	94.323	+0.237%	$59K	$1.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0148%	8h	94.443	+0.364%	$774	$740	5x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.410	+0.329%	$431K	$310K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0165%	1h	94.338	+0.253%	$70.7M	$42.8M	10x	as long as short
Extended CRCL_24_5-USD	+0.0184%	1h	94.322	+0.235%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0186%	8h	94.340	+0.255%	$108.5M	$388.5M	50x	as long as short
Aster CRCLUSDT	+0.0205%	8h	94.256	+0.166%	$1.1M	$4.8M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0209%	8h	94.340	+0.255%	$22.8M	$60.4M	50x	as long as short
Phoenix CRCL	+0.0212%	1h	94.411	+0.330%	$28K	$92K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	94.400	+0.319%	$97K	$275K	10x	as long as short
Nado CRCL-PERP	+0.0258%	1h	94.298	+0.211%	$126K	$73K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0280%	1h	94.350	+0.266%	$4K	$772K	10x	as long as short
Lighter CRCL	+0.0288%	1h	94.387	+0.305%	$3.0M	$2.3M	10x	as long as short
BloFin CRCL-USDT	+0.0303%	8h	94.350	+0.266%	$1.1M	$580K	20x	as long as short
Bitget CRCLUSDT	+0.0319%	8h	94.380	+0.298%	$16.6M	$35.1M	25x	as long as short
Injective CRCL/USDC PERPshort	+0.0440%	1h	94.760	+0.701%	$5K	$19K	30x
edgeX CRCLUSDC	+0.0911%	4h	94.259	+0.169%	$24K	$267K	10x	as long as short