CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0129%/8h= −14.1% APRnext payment −$0.16 per $10,000 · paid last 24h −0.026%

Price spread now: Extended against Nado+0.104%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on Nado Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.085%−$9 on $10k

Price spread, last 3 days (all we have)−0.196%−$20 · spread now +0.104%, 7d avg −0.016%

Together, before fees−0.281%+ Points / potential airdropNado: Active · Extended: Active · farm board−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.120% dearer against Nado than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of −0.016%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CRCL-PERP	94.290	0.0193	pay 0.0024% / 1h	59m 42s	$127K	$73K	3x
Short	Extended CRCL_24_5-USD	94.389	0.0064	get 0.0008% / 1h	59m 42s	$1.1M	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Nado. 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 NadobpFee ExtendedbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$27.04
Price spread: +0.104% → −0.016%: $12.05
Slippage, 4 orders: −$13.12
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$40.11
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from Nado: live order book, 23 min ago; Extended: live order book, 4 min ago.

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, 23 min ago	2.64 bp	10.1 bp −$10	79.8 bp −$798	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.32 bp	2.8 bp −$3	12.6 bp −$126	doesn't fit	doesn't fit

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
RISEx CRCL/USDC	0.0000%	1h	94.443	+0.162%	$431K	$310K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.410	+0.127%	$7.2M	$27.8M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.417	+0.134%	$50K	$1.2M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.410	+0.127%	$1.0M	$50K	10x	as long as short
Variational Omni CRCL	+0.0017%	8h	94.462	+0.182%	$2.5M	$3.2M	—	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.420	+0.138%	$1.4M	$2.7M	10x	as long as short
Bybit CRCLUSDT	+0.0027%	8h	94.400	+0.116%	$15.5M	$25.9M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.356	+0.070%	$880K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.399	+0.115%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.380	+0.095%	—	$45K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	94.330	+0.042%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.423	+0.141%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.350	+0.063%	$1.1M	$5.9M	10x	as long as short
Extended CRCL_24_5-USDshort	+0.0064%	1h	94.389	+0.104%	$1.1M	$3.8M	10x
Binance CRCLUSDT	+0.0067%	8h	94.380	+0.095%	$108.4M	$389.3M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	94.404	+0.120%	$76K	$100K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.370	+0.085%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.350	+0.063%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.350	+0.063%	$941	$3K	10x	as long as short
Aster CRCLUSDT	+0.0101%	8h	94.374	+0.088%	$1.1M	$4.8M	20x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.368	+0.082%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0133%	8h	94.464	+0.184%	$775	$740	5x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.390	+0.106%	$939K	$743K	10x	as long as short
BloFin CRCL-USDT	+0.0184%	8h	94.460	+0.180%	$1.1M	$588K	20x	as long as short
Nado CRCL-PERPlong	+0.0193%	1h	94.290	long leg	$127K	$73K	3x
OKX CRCL-USDT-SWAP	+0.0203%	8h	94.380	+0.095%	$22.8M	$60.6M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.456	+0.176%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0288%	1h	94.346	+0.059%	$3.1M	$2.2M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0317%	1h	94.298	+0.008%	$70.7M	$42.9M	10x	as long as short
Bitget CRCLUSDT	+0.0317%	8h	94.400	+0.116%	$16.7M	$35.2M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.920	+0.668%	$5K	$20K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0492%	1h	94.400	+0.116%	$4K	$771K	10x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.440	+0.159%	$97K	$274K	10x	as long as short
edgeX CRCLUSDC	+0.0714%	4h	94.432	+0.150%	$24K	$268K	10x	as long as short