CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.9% APRnext payment −$0.35 per $10,000 · paid last 24h 0.000%

Price spread now: Paradex against GRVT−0.151%51s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.151% cheaper against GRVT than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRCL_USDT_Perp	91.880	0.0096	pay 0.0096% / 8h	3h 21m	$70K	$1.1M	10x
Short	Paradex CRCL-USD-PERP	91.741	0.0061	get 0.0061% / 8h	3h 21m	$422	$905	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against GRVT. 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 GRVTbpFee ParadexbpOrdersPrice spread, now −0.151%Rate

Funding earned: −$7.42
Price spread: −0.151% → 0.000%: −$15.13
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$35.55
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 1 min ago; Paradex: 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 GRVT live order book, 1 min ago	0.55 bp	5.8 bp −$6	21.2 bp −$212	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Bitget CRCLUSDT	−0.0696%	8h	91.970	+0.098%	$16.6M	$35.8M	25x	as long as short
Vest CRCL-USD-PERP	−0.0061%	1h	91.570	−0.337%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.880	0.000%	$14.9M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.960	+0.087%	$7.3M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.918	+0.041%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.840	−0.044%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0016%	8h	91.831	−0.054%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0024%	8h	91.849	−0.034%	$104.7M	$392.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.749	−0.143%	$1.2M	$5.7M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.834	−0.050%	$974K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0039%	1h	91.814	−0.071%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.810	−0.076%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	−0.120%	$911K	$519K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.767	−0.123%	$68.2M	$41.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.789	−0.099%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.802	−0.085%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.720	−0.174%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.770	−0.120%	$1.3M	$1.9M	10x	as long as short
Paradex CRCL-USD-PERPshort	+0.0061%	8h	91.741	−0.151%	$422	$905	5x
OKX CRCL-USDT-SWAP	+0.0092%	8h	91.930	+0.054%	$22.3M	$61.8M	50x	as long as short
GRVT CRCL_USDT_Perplong	+0.0096%	8h	91.880	long leg	$70K	$1.1M	10x
Pacifica CRCL	+0.0100%	1h	91.754	−0.137%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.810	−0.076%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.980	+0.109%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.770	−0.120%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.814	−0.071%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.795	−0.092%	$418K	$299K	10x	as long as short
BloFin CRCL-USDT	+0.0110%	8h	91.840	−0.044%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0182%	1h	91.950	+0.076%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0272%	1h	91.825	−0.060%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0355%	1h	91.745	−0.147%	$134K	$108K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0404%	1h	91.790	−0.098%	$4K	$768K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.480	+0.653%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0944%	4h	92.023	+0.155%	$51K	$275K	10x	as long as short