CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0298%/8h= −32.6% APRnext payment −$0.37 per $10,000 · paid last 24h −0.068%

Price spread now: Aevo against Deribit−0.050%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Aevo

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 −$9 a day on $10k at the current rate, and Aevo is 0.050% cheaper against Deribit than usual: you would sell low and buy high (−$5 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	Deribit CRCL_USDC-PERPETUAL	92.120	0.0402	pay 0.0050% / 1h	11m 59s	$4K	$767K	10x
Short	Aevo CRCL-PERP	92.074	0.0104	get 0.0013% / 1h	11m 59s	$4	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now −0.050%Rate

Funding earned: −$62.53
Price spread: −0.050% → 0.000%: −$5.03
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$90.56
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 52 min ago; Aevo: 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 Deribit live order book, 52 min ago	0.54 bp	12.7 bp −$13	15.0 bp −$150	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Bitget CRCLUSDT	−0.1131%	8h	92.150	+0.033%	$16.0M	$34.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0077%	1h	91.880	−0.261%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	92.090	−0.033%	$909K	$501K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.180	+0.065%	$15.2M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.070	−0.054%	$420K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.130	+0.011%	$7.2M	$26.9M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.177	+0.062%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.175	+0.060%	$65K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.120	0.000%	$1.0M	$49K	10x	as long as short
Binance CRCLUSDT	+0.0004%	8h	92.160	+0.043%	$105.3M	$386.1M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRCL_24_5-USD	+0.0008%	1h	92.127	+0.007%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0011%	8h	92.092	−0.030%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0013%	8h	92.190	+0.076%	$21.7M	$59.7M	50x	as long as short
BloFin CRCL-USDT	+0.0017%	8h	92.020	−0.109%	$1.1M	$1.3M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	92.011	−0.118%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	92.030	−0.098%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.118	−0.002%	$977K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.030	−0.098%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.078	−0.046%	$68.6M	$41.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.066	−0.059%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.072	−0.052%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.040	−0.087%	$1.0M	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0086%	8h	92.072	−0.052%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.062	−0.063%	$133K	$156K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.150	+0.033%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.030	−0.098%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.070	−0.054%	$918	$2K	10x	as long as short
Aevo CRCL-PERPshort	+0.0104%	1h	92.074	−0.050%	$4	—	10x
Phoenix CRCL	+0.0183%	1h	92.192	+0.078%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0226%	1h	91.994	−0.137%	$131K	$104K	3x	as long as short
Lighter CRCL	+0.0240%	1h	92.112	−0.009%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0305%	4h	92.149	+0.032%	$23K	$249K	10x	as long as short
Deribit CRCL_USDC-PERPETUALlong	+0.0402%	1h	92.120	long leg	$4K	$767K	10x
Injective CRCL/USDC PERP	+0.0440%	1h	92.530	+0.445%	$5K	$19K	30x	as long as short