CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0390%/8h= −42.7% APRnext payment −$0.49 per $10,000 · paid last 24h −0.106%

Price spread now: SoDEX against Injective−0.578%62s7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 SoDEX is 0.578% cheaper against Injective than usual: you would sell low and buy high (−$58 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 62 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	Injective CRCL/USDC PERP	91.740	0.0440	pay 0.0055% / 1h	12m 13s	$5K	$19K	30x
Short	SoDEX CRCL-USD	91.210	0.0050	get 0.0006% / 1h	12m 13s	$46K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.578%Rate

Funding earned: −$81.9
Price spread: −0.578% → 0.000%: −$57.77
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$147.69
Costs to cover: 0.080%
Break-even: never at this rate

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

Injective and SoDEX: 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	−0.0355%	8h	91.330	−0.447%	$17.5M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	90.990	−0.818%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.280	−0.501%	$7.9M	$27.8M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.290	−0.491%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.238	−0.547%	$982K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.228	−0.558%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.230	−0.556%	$95K	$296K	10x	as long as short
SoDEX CRCL-USDshort	+0.0050%	1h	91.210	−0.578%	$46K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	−0.578%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0056%	8h	91.260	−0.523%	$14.8M	$26.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.310	−0.469%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.730%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0091%	1h	91.144	−0.650%	$67.2M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.280	−0.501%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.230	−0.556%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.130	−0.665%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.250	−0.534%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.252	−0.532%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0120%	8h	91.211	−0.577%	$2.4M	$3.2M	—	as long as short
Polymarket Perps CRCL-USD	+0.0155%	1h	91.269	−0.513%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0157%	8h	91.295	−0.485%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0189%	8h	91.258	−0.526%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0206%	8h	91.210	−0.578%	$104.7M	$389.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0208%	1h	91.211	−0.576%	$1.0M	$5.0M	10x	as long as short
Phoenix CRCL	+0.0227%	1h	91.164	−0.628%	$27K	$74K	10x	as long as short
Lighter CRCL	+0.0240%	1h	91.246	−0.538%	$2.9M	$2.4M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0249%	8h	91.199	−0.590%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0280%	8h	91.230	−0.556%	$22.3M	$61.6M	50x	as long as short
BloFin CRCL-USDT	+0.0325%	8h	91.340	−0.436%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0432%	1h	91.232	−0.553%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERPlong	+0.0440%	1h	91.740	long leg	$5K	$19K	30x
RISEx CRCL/USDC	+0.0466%	1h	91.293	−0.487%	$412K	$270K	10x	as long as short
edgeX CRCLUSDC	+0.0610%	4h	91.186	−0.604%	$52K	$271K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0628%	1h	91.220	−0.567%	$5K	$769K	10x	as long as short