CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0239%/8h= +26.2% APRnext payment +$0.30 per $10,000 · paid last 24h +0.032%

Price spread now: Phoenix against Coinbase International+0.205%48s7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 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 +$7 a day on $10k at the current rate, and Phoenix is 0.205% dearer against Coinbase International than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CRCL-PERP-INTX	91.840	−0.0008	get 0.0001% / 1h	3m 22s	$906K	$564K	10x
Short	Phoenix CRCL	92.028	0.0231	get 0.0029% / 1h	3m 22s	$27K	$92K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Coinbase International. 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 Coinbase InternationalbpFee PhoenixbpOrdersPrice spread, now +0.205%Rate

Funding earned: $50.18
Price spread: +0.205% → 0.000%: $20.47
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $53.65
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 65 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 Coinbase International live order book, 65 min ago	1.06 bp	6.1 bp −$6	10.6 bp −$106	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 33 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
Bitget CRCLUSDT	−0.0956%	8h	92.020	+0.196%	$15.9M	$34.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0062%	1h	91.770	−0.076%	—	$40K	25x	as long as short
Gate CRCL_USDT	−0.0048%	8h	92.010	+0.185%	$7.1M	$26.9M	50x	as long as short
Coinbase International CRCL-PERP-INTXlong	−0.0008%	1h	91.840	long leg	$906K	$564K	10x
Bybit CRCLUSDT	0.0000%	8h	92.020	+0.196%	$15.0M	$25.7M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.000	+0.174%	$420K	$298K	10x	as long as short
Variational Omni CRCL	0.0000%	8h	91.989	+0.162%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.022	+0.198%	$63K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.970	+0.142%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	91.958	+0.129%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.033	+0.210%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.950	+0.120%	$93K	$269K	10x	as long as short
Binance CRCLUSDT	+0.0045%	8h	91.980	+0.152%	$104.7M	$387.6M	50x	as long as short
OKX CRCL-USDT-SWAP	+0.0045%	8h	92.010	+0.185%	$21.8M	$59.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0048%	1h	91.978	+0.150%	$1.1M	$5.7M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.920	+0.087%	$69.0M	$41.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.948	+0.118%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.973	+0.145%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.950	+0.120%	$1.0M	$5.3M	10x	as long as short
Aster CRCLUSDT	+0.0055%	8h	92.026	+0.202%	$1.1M	$4.9M	20x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.010	+0.185%	$1.3M	$2.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0072%	8h	92.026	+0.202%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.985	+0.158%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.030	+0.207%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.930	+0.098%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.980	+0.152%	$917	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.965	+0.136%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0166%	1h	91.893	+0.057%	$131K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0185%	1h	92.040	+0.218%	$4K	$769K	10x	as long as short
Lighter CRCL	+0.0208%	1h	92.043	+0.221%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCLshort	+0.0231%	1h	92.028	+0.205%	$27K	$92K	10x
Injective CRCL/USDC PERP	+0.0440%	1h	92.260	+0.457%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0966%	4h	91.955	+0.125%	$23K	$267K	10x	as long as short