CRCL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_CRCLXUSD	72.903	+0.0355	pay 0.0044% / 1h	4m 28s	$1.6M	$2.1M	20x	Long Kraken Futures
SHORT	ArcusCRCL-USD	72.760	+0.0038	get 0.0005% / 1h	4m 28s	$465K	$2.9M	10x	Short Arcus5% off

Price gap−0.196%

Funding gap−0.0317% /8h

Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.064% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$24−0.0317% /8h now · paid +0.237% over the last 7D

Price−$6spread −0.196% now, avg −0.132% → −0.064% if it goes back

Costs−$310.314% of $10k · taker + slippage, in and out

Result−$14−0.14%+ Points / potential airdropArcus: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.196%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CRCL on 44 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size15.1 / 3.2 bp
At $10k entering Kraken Futures costs 15.1 bp, fee and slippage, 4.6× Arcus’s.
Note: Margin at max leverage$500 + $1,000
Kraken Futures 20x, Arcus 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$9.52Long Kraken Futures: 24 payments, −$10.66; short Arcus: 24 payments, +$1.14.
Watch: Gap narrower than usual−0.196% vs −0.132%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$465K vs $1.6M OI
Arcus sets your exit cost. Check its book before closing.
OK: Points on a legArcus points
Volume here counts toward the points program.
Watch: KYCKraken Futures Yes · Arcus No
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Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0113%/8h × 21 periods+$23.71

Price spread−0.196% → −0.132% (7d avg)−$6.38

Slippage, 4 orderslive order books−$16.91

Fee Kraken Futures bp × 2 orders−$10.00

Fee Arcus bp × 2 orders−$4.50

Net · 7 days · $10k−$14.08

Costs to cover0.314%Break-even11.2 days

Slippage: Kraken Futures: live order book, 3 min ago; Arcus: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures3.4215.1 bp−$1542.9 bp−$429doesn’t fitdoesn’t fit

SELL · SHORTArcus0.693.2 bp−$39.7 bp−$97doesn’t fitdoesn’t fit

Closing costs about the same again.

CRCL news

posts that mention CRCL or Circle Internet Group, from every exchangeSearch all news →

10-28 17:38	QFEX	Other	Max leverage is increased to 20x across the following markets on QFEX $SNDK, $GOOGL, $NVDA, $MU, $SKHY, $INTC, $NBIS, $CRCL, $CBRS, $META, $TSLA, $MRVL, $AAPL, $AMZN, $MSFT, $MSTR and $ANTHROPIC. @QFEX on X ↗
10-27 13:21	Ondo Perps	Other	Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗
10-23 08:04	Reya	Listing	$CRCL $HOOD $MSTR perps are live on Reya. The stablecoin issuer, the broker, and the one people bought because they couldn't buy bitcoin. Now all three trade next to our bitcoin perp. 24/7. 16 RWA perps and counting. Climb the waitlist to get inside. @reya_xyz on X ↗
10-22 22:57	Injective	Token	The second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
10-20 13:01	Reya	Listing	new market CRCLRUSDPERP ($CRCL) seen by our collector
10-13 15:17	Aster	Listing	new market CRCLUSD1 ($CRCL) seen by our collector