Funding you earn now, next payment 01:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.14 per $10,000 · paid last 24h −0.032%
Price spread now: SoDEX against Extended−0.043%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SoDEX is 0.043% cheaper against Extended than usual: you would sell low and buy high (−$4 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 | Extended CRCL_24_5-USD | 93.958 | 0.0160 | pay 0.0020% / 1h | 4m 26s | $1.1M | $5.7M | 10x |
| Short | SoDEX CRCL-USD | 93.918 | 0.0050 | get 0.0006% / 1h | 4m 26s | $47K | $3K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$23.1
- Price spread: −0.043% → 0.000%
- −$4.27
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$40.37
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 4 min ago; SoDEX: 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 Extended live order book, 4 min ago | 0.32 bp | 5.0 bp −$5 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0064% | 1h | 94.000 | +0.045% | $940K | $620K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 94.000 | +0.045% | $15.4M | $25.4M | 50x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 94.050 | +0.098% | $7.2M | $27.1M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 94.010 | +0.055% | $16.8M | $34.3M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 93.920 | −0.041% | $1.0M | $49K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 93.939 | −0.020% | $982K | $2.9M | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0035% | 8h | 94.270 | +0.332% | $62K | $1.1M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0038% | 1h | 94.018 | +0.064% | $2K | $22K | 5x | as long as short |
| QFEX CRCL-USD | +0.0042% | 1h | 93.960 | +0.002% | $1.4M | $2.5M | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.0046% | 1h | 93.840 | −0.126% | — | $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 | 93.950 | −0.009% | $71.5M | $40.6M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 93.980 | +0.023% | $364K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USDshort | +0.0050% | 1h | 93.918 | −0.043% | $47K | $3K | 10x | |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 93.880 | −0.083% | $1.1M | $5.7M | 10x | as long as short |
| Variational Omni CRCL | +0.0078% | 8h | 93.978 | +0.021% | $2.5M | $3.1M | — | as long as short |
| Paradex CRCL-USD-PERP | +0.0099% | 8h | 93.954 | −0.005% | $770 | $740 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 93.930 | −0.030% | $75K | $96K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 94.020 | +0.066% | $3.0M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 94.140 | +0.194% | $69K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 94.000 | +0.045% | $937 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 93.915 | −0.045% | $4 | — | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0128% | 8h | 93.990 | +0.034% | $22.7M | $58.8M | 50x | as long as short |
| Binance CRCLUSDT | +0.0153% | 8h | 94.010 | +0.055% | $108.9M | $385.1M | 50x | as long as short |
| Aster CRCLUSDT | +0.0156% | 8h | 94.029 | +0.075% | $1.1M | $4.9M | 20x | as long as short |
| Extended CRCL_24_5-USDlong | +0.0160% | 1h | 93.958 | long leg | $1.1M | $5.7M | 10x | |
| Nado CRCL-PERP | +0.0227% | 1h | 93.852 | −0.113% | $131K | $76K | 3x | as long as short |
| BloFin CRCL-USDT | +0.0278% | 8h | 93.940 | −0.019% | $1.1M | $576K | 20x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0283% | 1h | 93.870 | −0.094% | $4K | $769K | 10x | as long as short |
| Phoenix CRCL | +0.0296% | 1h | 93.980 | +0.023% | $28K | $92K | 10x | as long as short |
| Lighter CRCL | +0.0320% | 1h | 93.964 | +0.006% | $3.0M | $2.3M | 10x | as long as short |
| edgeX CRCLUSDC | +0.0340% | 4h | 94.103 | +0.154% | $24K | $267K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 94.670 | +0.758% | $5K | $19K | 30x | as long as short |
| Arcus CRCL-USD | +0.0521% | 1h | 94.030 | +0.076% | $96K | $271K | 10x | as long as short |
| RISEx CRCL/USDC | +0.0677% | 1h | 93.990 | +0.034% | $428K | $297K | 10x | as long as short |
Extended CRCL_24_5-USD
SoDEX CRCL-USD
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
Gate CRCL_USDT
Bitget CRCLUSDT
Phemex CRCLUSDT
Lighter RH CRCL
GRVT CRCL_USDT_Perp
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
Variational Omni CRCL
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
OKX CRCL-USDT-SWAP
Binance CRCLUSDT
Aster CRCLUSDT
BloFin CRCL-USDT
Deribit CRCL_USDC-PERPETUAL
Phoenix CRCL
Lighter CRCL
edgeX CRCLUSDC
Injective CRCL/USDC PERP
RISEx CRCL/USDC