CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0269%/8h= −29.5% APRnext payment −$0.34 per $10,000 · paid last 24h +0.080%

Price spread now: Deribit against Extended−0.080%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.080%, 7d avg +0.014%

Together, before fees+0.190%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.094% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.014%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.146%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRCL_24_5-USD	92.424	0.0344	pay 0.0043% / 1h	18m 29s	$1.1M	$4.4M	10x
Short	Deribit CRCL_USDC-PERPETUAL	92.350	0.0075	get 0.0009% / 1h	18m 29s	$5K	$488K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Extended. 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 ExtendedbpFee DeribitbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$56.5
Price spread: −0.080% → +0.014%: −$9.42
Slippage, 4 orders: −$20.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$98.31
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Deribit: live order book, 33 min ago.

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 Extended live order book, 3 min ago	0.49 bp	6.0 bp −$6	34.8 bp −$348	doesn't fit	doesn't fit
Sell Deribit live order book, 33 min ago	7.06 bp	10.6 bp −$11	13.2 bp −$132	doesn't fit	doesn't fit

CRCL on 34 exchanges

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
Vest CRCL-USD-PERP	−0.0021%	1h	92.250	−0.188%	—	$30K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.480	+0.060%	$15.0M	$25.2M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.470	+0.050%	$18.1M	$34.0M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.370	−0.059%	$1.0M	$45K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.240	−0.199%	$854K	$703K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.463	+0.042%	$999K	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	92.305	−0.128%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.433	+0.010%	$67.6M	$40.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.483	+0.064%	$380K	$852K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.396	−0.031%	$46K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.320	−0.113%	$1.1M	$3.9M	10x	as long as short
Gate CRCL_USDT	+0.0061%	8h	92.490	+0.071%	$7.3M	$25.8M	50x	as long as short
Deribit CRCL_USDC-PERPETUALshort	+0.0075%	1h	92.350	−0.080%	$5K	$488K	10x
QFEX CRCL-USD	+0.0080%	1h	92.420	−0.005%	$1.3M	$1.6M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.420	−0.005%	$138K	$141K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.370	−0.059%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.270	−0.167%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.380	−0.048%	$921	$1K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0101%	8h	92.453	+0.031%	$425	$477	5x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.399	−0.027%	$4	—	10x	as long as short
Phoenix CRCL	+0.0199%	1h	92.188	−0.256%	$27K	$66K	10x	as long as short
Lighter CRCL	+0.0240%	1h	92.507	+0.090%	$3.0M	$2.1M	10x	as long as short
Variational Omni CRCL	+0.0258%	8h	92.386	−0.041%	$2.5M	$3.3M	—	as long as short
Nado CRCL-PERP	+0.0314%	1h	92.438	+0.015%	$151K	$112K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0323%	8h	92.540	+0.125%	$22.8M	$57.6M	50x	as long as short
Aster CRCLUSDT	+0.0340%	8h	92.483	+0.064%	$1.1M	$4.5M	20x	as long as short
Extended CRCL_24_5-USDlong	+0.0344%	1h	92.424	long leg	$1.1M	$4.4M	10x
Binance CRCLUSDT	+0.0347%	8h	92.468	+0.047%	$106.6M	$361.5M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.470	+0.050%	$96K	$226K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	−0.362%	$38K	$172K	30x	as long as short
BloFin CRCL-USDT	+0.0464%	8h	92.370	−0.059%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	92.453	+0.031%	$410K	$243K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0609%	8h	92.303	−0.131%	$63K	$1.0M	10x	as long as short
edgeX CRCLUSDC	+0.0669%	4h	92.436	+0.013%	$53K	$269K	10x	as long as short