CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0081%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.050%

Price spread now: Injective against Nado+1.698%49s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 1.698% dearer against Nado than usual: you sell high and buy low: +$170 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Nado CRCL-PERP	90.631	0.0359	pay 0.0045% / 1h	25m 50s	$133K	$109K	3x
Short	Injective CRCL/USDC PERP	92.170	0.0440	get 0.0055% / 1h	25m 50s	$108K	$19K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.698%Rate

Funding earned: $16.97
Price spread: +1.698% → 0.000%: $169.77
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $179.71
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: live order book, 6 min ago; Injective: 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, 6 min ago	3.30 bp	7.5 bp −$7	24.9 bp −$249	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
Vest CRCL-USD-PERP	−0.0103%	1h	90.370	−0.288%	—	$31K	25x	as long as short
Bitget CRCLUSDT	−0.0008%	8h	90.620	−0.013%	$17.4M	$36.0M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	90.720	+0.098%	$14.9M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	90.620	−0.013%	$7.7M	$26.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	90.590	−0.046%	$1.0M	$47K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0008%	8h	90.967	+0.370%	$71K	$1.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	90.589	−0.047%	$974K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	90.560	−0.079%	$933K	$562K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	90.822	+0.210%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	90.620	−0.013%	$94K	$278K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	90.519	−0.124%	$67.0M	$44.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	90.560	−0.079%	$374K	$1.0M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	90.580	−0.057%	$45K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	90.550	−0.090%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	90.620	−0.013%	$1.3M	$1.7M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0081%	1h	90.570	−0.068%	$5K	$762K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	90.620	−0.013%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	90.600	−0.035%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	90.950	+0.352%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	90.660	+0.032%	$904	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	90.611	−0.023%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0120%	8h	90.663	+0.035%	$417	$766	5x	as long as short
Variational Omni CRCL	+0.0148%	8h	90.940	+0.341%	$2.4M	$3.3M	—	as long as short
Lighter CRCL	+0.0200%	1h	90.585	−0.051%	$2.9M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0201%	8h	90.681	+0.055%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0214%	8h	90.679	+0.053%	$104.0M	$386.9M	50x	as long as short
Extended CRCL_24_5-USD	+0.0216%	1h	90.585	−0.051%	$1.1M	$5.1M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	90.710	+0.087%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0278%	8h	90.690	+0.065%	$22.1M	$61.4M	50x	as long as short
edgeX CRCLUSDC	+0.0304%	4h	90.952	+0.354%	$52K	$271K	10x	as long as short
BloFin CRCL-USDT	+0.0336%	8h	90.700	+0.076%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERPlong	+0.0359%	1h	90.631	long leg	$133K	$109K	3x
Injective CRCL/USDC PERPshort	+0.0440%	1h	92.170	+1.698%	$108K	$19K	30x
RISEx CRCL/USDC	+0.0501%	1h	90.687	+0.061%	$409K	$258K	10x	as long as short