CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0390%/8h= −42.7% APRnext payment −$0.49 per $10,000 · paid last 24h −0.117%

Price spread now: Ondo Perps against Injective−0.628%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.746%−$75 on $10k

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

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

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Ondo Perps is 0.628% cheaper against Injective than usual: you would sell low and buy high (−$63 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	92.400	0.0440	pay 0.0055% / 1h	19m 58s	$5K	$19K	30x
Short	Ondo Perps CRCL-USD.P	91.820	0.0050	get 0.0006% / 1h	19m 58s	$1.0M	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Injective. 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 InjectivebpFee Ondo PerpsbpOrdersPrice spread, now −0.628%Rate

Funding earned: −$81.82
Price spread: −0.628% → 0.000%: −$62.77
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$149.61
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Ondo Perps: 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 Injective no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Injective and Ondo Perps: 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	−0.1003%	8h	91.900	−0.541%	$16.4M	$35.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.610	−0.855%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.874	−0.570%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.846	−0.600%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.860	−0.584%	$104.6M	$389.6M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.870	−0.574%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.873	−0.570%	$417K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.910	−0.530%	$7.2M	$27.2M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.828	−0.619%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.950	−0.487%	$65K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.860	−0.584%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.790	−0.660%	$906K	$490K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0023%	8h	91.880	−0.563%	$22.1M	$61.1M	50x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.890	−0.552%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.886	−0.556%	$974K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0034%	1h	91.806	−0.643%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.800	−0.649%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.780	−0.671%	$68.4M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.834	−0.613%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.860	−0.584%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Pshort	+0.0050%	1h	91.820	−0.628%	$1.0M	$5.1M	10x
Paradex CRCL-USD-PERP	+0.0100%	8h	91.831	−0.615%	$422	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.860	−0.584%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.820	−0.628%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.730	−0.725%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.840	−0.606%	$916	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.850	−0.595%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.860	−0.584%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.832	−0.615%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0184%	1h	91.884	−0.558%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0302%	1h	91.714	−0.743%	$130K	$104K	3x	as long as short
Injective CRCL/USDC PERPlong	+0.0440%	1h	92.400	long leg	$5K	$19K	30x
edgeX CRCLUSDC	+0.0735%	4h	91.815	−0.633%	$51K	$276K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1057%	1h	91.900	−0.541%	$4K	$767K	10x	as long as short