CRCL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	edgeXCRCLUSDC	82.499	+0.0486	pay 0.0243% / 4h	1h 25m	$77K	$217K	10x	Long edgeX
SHORT	PopdexCRCLUSDT	82.440	+0.0048	get 0.0006% / 1h	25m 23s	$368K	$176K	20x	Short Popdex

Price gap−0.071%

Funding gap−0.0437% /8h

Both sides work against this direction now: funding costs $13 a day on $10k and the gap is 0.101% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$78−0.0437% /8h now · paid −0.785% over the last 7D

Price−$10spread −0.071% now, avg +0.030% → −0.101% if it goes back

Costs−$410.414% of $10k · taker + slippage, in and out

Result−$130−1.30%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / ExitedgeX: thin, under $1M open interest · Popdex: thin, under $1M open interest

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.071%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CRCL on 36 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Large against open interest11.5 / 13.9 bp
$10k is over 10% of edgeX’s open interest.
Note: Margin at max leverage$1,000 + $500
edgeX 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$13.13Long edgeX: 6 payments, −$14.57; short Popdex: 24 payments, +$1.44.
Watch: Gap narrower than usual−0.071% vs +0.030%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$77K vs $368K OI
edgeX sets your exit cost. Check its book before closing.
OK: Points on a legedgeX points
Volume here counts toward the points program.
OK: No KYC on either legedgeX No · Popdex No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0409%/8h × 21 periods−$85.84

Price spread−0.071% → +0.030% (7d avg)−$10.09

Slippage, 4 orderslive order books−$26.00

Fee edgeX bp × 2 orders−$9.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$137.34

Costs to cover0.414%Break-evennever at this rate

Slippage: edgeX: live order book, 1 min ago; Popdex: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGedgeX6.0711.5 bp−$1224.8 bp−$248doesn’t fitdoesn’t fit

SELL · SHORTPopdex1.2113.9 bp−$1423.5 bp−$235doesn’t fitdoesn’t fit

Closing costs about the same again.

CRCL news

posts that mention CRCL or Circle Internet Group, from every exchangeSearch all news →

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