CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0340%/8h= −37.2% APRnext payment −$0.43 per $10,000 · paid last 24h −0.102%

Price spread now: Pacifica against Injective−0.675%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 Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.652%−$65 on $10k

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

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

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Pacifica is 0.675% cheaper against Injective than usual: you would sell low and buy high (−$68 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	94.760	0.0440	pay 0.0055% / 1h	31m 14s	$5K	$19K	30x
Short	Pacifica CRCL	94.120	0.0100	get 0.0013% / 1h	31m 14s	$75K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.675%Rate

Funding earned: −$71.4
Price spread: −0.675% → 0.000%: −$67.54
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$146.96
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Pacifica: 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 Pacifica no order-book sample	—	—	—	—	—

Injective and Pacifica: 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
Gate CRCL_USDT	0.0000%	8h	94.180	−0.612%	$7.2M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.130	−0.665%	$1.0M	$50K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.139	−0.655%	$887K	$2.9M	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.110	−0.686%	$1.3M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.080	−0.718%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0048%	1h	94.244	−0.545%	$2K	$20K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.077	−0.721%	$364K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.099	−0.698%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.130	−0.665%	$1.1M	$5.8M	10x	as long as short
Bybit CRCLUSDT	+0.0077%	8h	94.130	−0.665%	$15.5M	$25.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	94.060	−0.739%	$936K	$740K	10x	as long as short
Pacifica CRCLshort	+0.0100%	1h	94.120	−0.675%	$75K	$99K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	94.210	−0.580%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.170	−0.623%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.140	−0.654%	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.141	−0.654%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0122%	8h	94.340	−0.443%	$59K	$1.2M	10x	as long as short
Variational Omni CRCL	+0.0124%	8h	94.334	−0.449%	$2.5M	$3.2M	—	as long as short
tradeXYZ xyz:CRCL	+0.0144%	1h	94.130	−0.665%	$70.5M	$42.8M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0158%	8h	94.156	−0.638%	$772	$740	5x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.180	−0.612%	$430K	$310K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0175%	1h	94.110	−0.686%	$4K	$771K	10x	as long as short
Binance CRCLUSDT	+0.0176%	8h	94.111	−0.684%	$108.1M	$388.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0176%	1h	94.107	−0.689%	$1.1M	$3.8M	10x	as long as short
edgeX CRCLUSDC	+0.0200%	4h	94.277	−0.509%	$24K	$268K	10x	as long as short
Aster CRCLUSDT	+0.0200%	8h	94.131	−0.664%	$1.1M	$4.8M	20x	as long as short
Phoenix CRCL	+0.0212%	1h	94.279	−0.508%	$28K	$92K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	94.150	−0.644%	$96K	$275K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0215%	8h	94.080	−0.718%	$22.7M	$60.3M	50x	as long as short
Nado CRCL-PERP	+0.0272%	1h	94.111	−0.685%	$126K	$74K	3x	as long as short
Lighter CRCL	+0.0288%	1h	94.153	−0.641%	$3.0M	$2.3M	10x	as long as short
BloFin CRCL-USDT	+0.0296%	8h	94.120	−0.675%	$1.1M	$579K	20x	as long as short
Bitget CRCLUSDT	+0.0317%	8h	94.120	−0.675%	$16.6M	$35.2M	25x	as long as short
Injective CRCL/USDC PERPlong	+0.0440%	1h	94.760	long leg	$5K	$19K	30x