CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0390%/8h= −42.7% APRnext payment −$0.49 per $10,000 · paid last 24h −0.114%

Price spread now: Polymarket Perps against Injective−0.860%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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.771%−$77 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Polymarket Perps is 0.860% cheaper against Injective than usual: you would sell low and buy high (−$86 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	95.560	0.0440	pay 0.0055% / 1h	27m 10s	$5K	$19K	30x
Short	Polymarket Perps CRCL-USD	94.738	0.0050	get 0.0006% / 1h	27m 10s	$367K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.860%Rate

Funding earned: −$81.9
Price spread: −0.860% → 0.000%: −$86.02
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$175.94
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 1 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 Polymarket Perps live order book, 1 min ago	2.64 bp	8.0 bp −$8	8.4 bp −$84	10.2 bp −$1,016	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 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	94.830	−0.764%	$7.2M	$27.7M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.800	−0.795%	$1.0M	$51K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.730	−0.869%	$1.4M	$2.8M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.858	−0.735%	$896K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−1.099%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.720	−0.879%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USDshort	+0.0050%	1h	94.738	−0.860%	$367K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	94.767	−0.830%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.640	−0.963%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0053%	1h	94.790	−0.806%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRCLUSDT	+0.0097%	8h	94.830	−0.764%	$15.6M	$25.9M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	94.720	−0.879%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.750	−0.848%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.670	−0.931%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.740	−0.858%	$945	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.783	−0.814%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0117%	8h	94.756	−0.841%	$777	$740	5x	as long as short
Variational Omni CRCL	+0.0165%	8h	94.744	−0.854%	$2.5M	$3.1M	—	as long as short
tradeXYZ xyz:CRCL	+0.0178%	1h	94.735	−0.863%	$71.2M	$42.9M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0196%	8h	94.820	−0.774%	$22.9M	$60.8M	50x	as long as short
GRVT CRCL_USDT_Perp	+0.0215%	8h	94.770	−0.827%	$61K	$1.1M	10x	as long as short
Extended CRCL_24_5-USD	+0.0224%	1h	94.763	−0.834%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0226%	8h	94.804	−0.791%	$109.9M	$389.9M	50x	as long as short
Aster CRCLUSDT	+0.0232%	8h	94.779	−0.818%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0277%	1h	94.703	−0.897%	$127K	$73K	3x	as long as short
Phoenix CRCL	+0.0288%	1h	94.656	−0.946%	$28K	$92K	10x	as long as short
Bitget CRCLUSDT	+0.0305%	8h	94.840	−0.753%	$17.0M	$35.4M	25x	as long as short
BloFin CRCL-USDT	+0.0346%	8h	94.750	−0.848%	$1.1M	$599K	20x	as long as short
Lighter CRCL	+0.0360%	1h	94.883	−0.708%	$3.1M	$2.2M	10x	as long as short
Injective CRCL/USDC PERPlong	+0.0440%	1h	95.560	long leg	$5K	$19K	30x
Arcus CRCL-USD	+0.0533%	1h	94.750	−0.848%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.780	−0.816%	$432K	$303K	10x	as long as short
edgeX CRCLUSDC	+0.0542%	4h	94.739	−0.859%	$24K	$269K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0594%	1h	94.840	−0.753%	$4K	$772K	10x	as long as short