CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.020%

Price spread now: Nado against Extended−0.063%7-day average +0.015% · 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−$35as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 3 days (all we have)+0.110%+$11 · spread now −0.063%, 7d avg +0.015%

Together, before fees+0.198%+ Points / potential airdropExtended: Active · Nado: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.078% cheaper against Extended than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.015%). If the spread goes back, that is −$8 on $10k: about 7.2 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.088% in total) that is about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRCL_24_5-USD	94.380	0.0192	pay 0.0024% / 1h	29m 11s	$1.1M	$5.9M	10x
Short	Nado CRCL-PERP	94.320	0.0228	get 0.0029% / 1h	29m 11s	$132K	$76K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.063%Rate

Funding earned: $7.6
Price spread: −0.063% → +0.015%: −$7.83
Slippage, 4 orders: −$14.67
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.91
Costs to cover: 0.267%
Break-even: 31.8 days

Slippage from Extended: live order book, 5 min ago; Nado: live order book, 43 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, 5 min ago	0.58 bp	5.3 bp −$5	43.2 bp −$432	doesn't fit	doesn't fit
Sell Nado live order book, 43 min ago	3.17 bp	7.0 bp −$7	26.8 bp −$268	doesn't fit	doesn't fit

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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.210	−0.180%	$942K	$622K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.410	+0.032%	$15.5M	$25.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.410	+0.032%	$7.2M	$27.0M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.462	+0.088%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.330	−0.053%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.403	+0.025%	$889K	$2.8M	10x	as long as short
Bitget CRCLUSDT	+0.0033%	8h	94.400	+0.022%	$17.0M	$34.7M	25x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.322	−0.061%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.350	−0.031%	$1.4M	$2.6M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.280	−0.106%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	94.342	−0.040%	$71.8M	$42.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.369	−0.011%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.373	−0.007%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.310	−0.074%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.350	−0.031%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.410	+0.032%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.300	−0.084%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.390	+0.011%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.397	+0.018%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0105%	8h	94.412	+0.034%	$774	$740	5x	as long as short
Variational Omni CRCL	+0.0127%	8h	94.450	+0.075%	$2.5M	$3.1M	—	as long as short
edgeX CRCLUSDC	+0.0141%	4h	94.435	+0.058%	$24K	$269K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0151%	8h	94.400	+0.022%	$22.8M	$59.4M	50x	as long as short
Extended CRCL_24_5-USDlong	+0.0192%	1h	94.380	long leg	$1.1M	$5.9M	10x
Binance CRCLUSDT	+0.0193%	8h	94.400	+0.022%	$109.3M	$386.2M	50x	as long as short
Aster CRCLUSDT	+0.0199%	8h	94.401	+0.023%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERPshort	+0.0228%	1h	94.320	−0.063%	$132K	$76K	3x
Phoenix CRCL	+0.0296%	1h	94.429	+0.052%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0304%	1h	94.416	+0.038%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0313%	8h	94.370	−0.010%	$1.1M	$560K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.890	+0.541%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0492%	1h	94.380	0.000%	$4K	$769K	10x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.360	−0.021%	$96K	$273K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.386	+0.007%	$431K	$299K	10x	as long as short