Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

CRCL

RWAAll CRCL markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
ExtendedCRCL_24_5-USD
86.202+0.0296pay 0.0037% / 1h3m 10s$317K$6.8M10xLong Extended10% off
SHORT
BingXNCSKCRCL2USD-USDT
86.210+0.0440get 0.0440% / 8h3h 03m$931K$7.4M—Short BingX
Price gap+0.009%
Funding gap+0.0144% /8h

Funding pays +$4 a day on $10k, but the gap is 0.033% under its 7d average: −$3 if it goes back, about 18 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$40+0.0144% /8h now · paid +0.404% over the last 7D
Price−$3spread +0.009% now, avg +0.041% → −0.033% if it goes back
Costs−$210.212% of $10k · taker + slippage, in and out
Result+$16+0.16%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.009%
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 37 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • OK: Fits both order books4.5 / 5.6 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$1,000 + —
    Extended 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$4.32Long Extended: 24 payments, −$8.88; short BingX: 3 payments, +$13.20.
  • Watch: Gap narrower than usual+0.009% vs +0.041%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$317K vs $931K OI
    Extended sets your exit cost. Check its book before closing.
  • OK: Points on a legExtended points
    Volume here counts toward the points program.
  • Watch: KYCExtended No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0193%/8h × 21 periods+$40.43
Price spread+0.009% → +0.041% (7d avg)−$3.27
Slippage, 4 orderslive order books−$6.16
Fee Extended bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$16.00
Costs to cover0.212%Break-even4.2 days
Slippage: Extended: live order book, 4 min ago; BingX: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGExtended0.064.5 bp−$527.6 bp−$276doesn’t fitdoesn’t fit
SELL · SHORTBingX0.595.6 bp−$67.3 bp−$7318.9 bp−$1,89370.2 bp−$35.1K

Closing costs about the same again.

Alert

CRCL news

posts that mention CRCL or Circle Internet Group, from every exchangeSearch all news →
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09-21 13:35gTrade (Gains Network)Listingnew market CRCL/USD ($CRCL) seen by our collector
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