Funding you earn now, next payment 02:00 UTC−0.0440%/8h= −48.2% APRpaid last 24h −0.107%
Price spread now: GRVT against Injective−0.643%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.661%−$66 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and GRVT is 0.643% cheaper against Injective than usual: you would sell low and buy high (−$64 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 | Injective CRCL/USDC PERP | 92.500 | 0.0440 | pay 0.0055% / 1h | 20m 47s | $5K | $19K | 30x |
| Short | GRVT CRCL_USDT_Perp | 91.906 | 0 | get 0.0000% / 8h | 6h 20m | $63K | $1.1M | 10x |
Injective CRCL/USDC PERP
GRVT CRCL_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Injective. 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
- −$92.4
- Price spread: −0.643% → 0.000%
- −$64.26
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$165.68
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; GRVT: live order book, 2 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 2 min ago | 0.54 bp | 8.1 bp −$8 | 23.1 bp −$231 | doesn't fit | doesn't fit |
Injective: 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 33 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 | −0.0707% | 8h | 91.850 | −0.703% | $15.9M | $35.5M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0031% | 1h | 91.740 | −0.822% | — | $40K | 25x | as long as short |
| Gate CRCL_USDT | −0.0016% | 8h | 91.800 | −0.757% | $7.1M | $26.7M | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.0008% | 1h | 91.730 | −0.832% | $913K | $581K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.730 | −0.832% | $15.0M | $25.9M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 91.846 | −0.707% | $419K | $299K | 10x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.938 | −0.608% | $2.4M | $3.2M | — | as long as short |
| GRVT CRCL_USDT_Perpshort | 0.0000% | 8h | 91.906 | −0.643% | $63K | $1.1M | 10x | |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.930 | −0.616% | $1.0M | $49K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0025% | 1h | 91.988 | −0.554% | $2K | $23K | 5x | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Gate CRCL_USDT
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
RISEx CRCL/USDC
Variational Omni CRCL
Phemex CRCLUSDT
Aftermath Perps CRCLUSDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH CRCL | +0.0032% | 1h | 91.953 | −0.591% | $978K | $2.9M | 10x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.950 | −0.595% | $93K | $273K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.780 | −0.778% | $69.0M | $42.1M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.880 | −0.670% | $355K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.890 | −0.659% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.810 | −0.746% | $999K | $5.5M | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.0056% | 1h | 91.750 | −0.811% | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | +0.0056% | 8h | 91.737 | −0.825% | $104.6M | $393.6M | 50x | as long as short |
| QFEX CRCL-USD | +0.0057% | 1h | 91.850 | −0.703% | $1.3M | $2.3M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0060% | 8h | 91.680 | −0.886% | $21.7M | $60.1M | 50x | as long as short |
| Aster CRCLUSDT | +0.0063% | 8h | 91.836 | −0.717% | $1.1M | $4.9M | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.0075% | 8h | 91.845 | −0.708% | $753 | $740 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.864 | −0.688% | $129K | $153K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.870 | −0.681% | $2.9M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.900 | −0.649% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.910 | −0.638% | $916 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.935 | −0.611% | $4 | — | 10x | as long as short |
| edgeX CRCLUSDC | +0.0141% | 4h | 91.897 | −0.652% | $23K | $267K | 10x | as long as short |
| Nado CRCL-PERP | +0.0156% | 1h | 91.925 | −0.622% | $131K | $103K | 3x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0185% | 1h | 91.930 | −0.616% | $4K | $769K | 10x | as long as short |
| Lighter CRCL | +0.0208% | 1h | 91.905 | −0.643% | $3.0M | $2.4M | 10x | as long as short |
| Phoenix CRCL | +0.0231% | 1h | 91.850 | −0.703% | $27K | $92K | 10x | as long as short |
| Injective CRCL/USDC PERPlong | +0.0440% | 1h | 92.500 | long leg | $5K | $19K | 30x |
Lighter RH CRCL
Arcus CRCL-USD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
Extended CRCL_24_5-USD
Binance CRCLUSDT
QFEX CRCL-USD
OKX CRCL-USDT-SWAP
Aster CRCLUSDT
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
edgeX CRCLUSDC
Nado CRCL-PERP
Deribit CRCL_USDC-PERPETUAL
Lighter CRCL
Phoenix CRCL