Funding you earn now, next payment 05:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.045%
Price spread now: Aevo against Nado+0.039%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Aevo is 0.039% dearer against Nado than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado CRCL-PERP | 91.776 | 0.0360 | pay 0.0045% / 1h | 23m 50s | $134K | $107K | 3x |
| Short | Aevo CRCL-PERP | 91.812 | 0.0104 | get 0.0013% / 1h | 23m 50s | $4 | — | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$53.75
- Price spread: +0.039% → 0.000%
- $3.95
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$72.81
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 29 min ago; Aevo: 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 Nado live order book, 29 min ago | 2.71 bp | 7.6 bp −$8 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 | −0.0690% | 8h | 91.860 | +0.091% | $16.6M | $35.7M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0061% | 1h | 91.590 | −0.203% | — | $31K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.810 | +0.037% | $14.8M | $26.6M | 50x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.910 | +0.146% | $7.3M | $27.4M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.918 | +0.155% | $2.4M | $3.2M | — | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.860 | +0.091% | $1.0M | $48K | 10x | as long as short |
| Aster CRCLUSDT | +0.0021% | 8h | 91.893 | +0.127% | $1.1M | $5.0M | 20x | as long as short |
| Binance CRCLUSDT | +0.0029% | 8h | 91.836 | +0.065% | $104.7M | $392.5M | 50x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 91.855 | +0.086% | $974K | $2.9M | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.0032% | 1h | 91.809 | +0.036% | $1.2M | $5.7M | 10x | as long as short |
Show all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CRCLUSD | +0.0039% | 1h | 91.852 | +0.082% | $2K | $25K | 5x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.880 | +0.113% | $93K | $273K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0048% | 1h | 91.730 | −0.050% | $905K | $514K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.769 | −0.008% | $68.2M | $41.9M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.822 | +0.050% | $358K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.798 | +0.024% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.950 | +0.189% | $1.0M | $5.2M | 10x | as long as short |
| QFEX CRCL-USD | +0.0060% | 1h | 91.840 | +0.070% | $1.3M | $1.9M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0061% | 8h | 91.791 | +0.016% | $422 | $905 | 5x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0094% | 8h | 91.830 | +0.059% | $22.3M | $61.7M | 50x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.840 | +0.070% | $134K | $159K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.860 | +0.091% | $2.7M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.980 | +0.222% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.860 | +0.091% | $916 | $2K | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0101% | 8h | 92.040 | +0.287% | $70K | $1.1M | 10x | as long as short |
| Aevo CRCL-PERPshort | +0.0104% | 1h | 91.812 | +0.039% | $4 | — | 10x | |
| RISEx CRCL/USDC | +0.0107% | 1h | 91.860 | +0.091% | $418K | $299K | 10x | as long as short |
| BloFin CRCL-USDT | +0.0126% | 8h | 91.840 | +0.070% | $1.1M | $1.6M | 20x | as long as short |
| Phoenix CRCL | +0.0182% | 1h | 91.950 | +0.189% | $27K | $82K | 10x | as long as short |
| Lighter CRCL | +0.0272% | 1h | 91.848 | +0.078% | $3.0M | $2.4M | 10x | as long as short |
| Nado CRCL-PERPlong | +0.0360% | 1h | 91.776 | long leg | $134K | $107K | 3x | |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.480 | +0.767% | $5K | $19K | 30x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0513% | 1h | 91.830 | +0.059% | $4K | $768K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0944% | 4h | 92.023 | +0.269% | $51K | $275K | 10x | as long as short |
Bitget CRCLUSDT
Bybit CRCLUSDT
Gate CRCL_USDT
Variational Omni CRCL
Phemex CRCLUSDT
Aster CRCLUSDT
Binance CRCLUSDT
Lighter RH CRCL
Extended CRCL_24_5-USD
Aftermath Perps CRCLUSD
Coinbase International CRCL-PERP-INTX
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Paradex CRCL-USD-PERP
OKX CRCL-USDT-SWAP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
GRVT CRCL_USDT_Perp
RISEx CRCL/USDC
BloFin CRCL-USDT
Phoenix CRCL
Lighter CRCL
Injective CRCL/USDC PERP
Deribit CRCL_USDC-PERPETUAL
edgeX CRCLUSDC