Funding you earn now, next payment 23:00 UTC−0.0292%/8h= −32.0% APRnext payment −$0.36 per $10,000 · paid last 24h −0.046%
Price spread now: Ondo Perps against Nado+0.043%7-day average −0.092% · 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)−0.071%−$7 on $10k
+Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.043%, 7d avg −0.092%
=Together, before fees−0.233%+ Points / potential airdropNado: Active · Ondo Perps: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.135% dearer against Nado than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.092%): +$14 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 3 days (−0.071% in total) that is about 5.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.071% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado CRCL-PERP | 94.239 | 0.0342 | pay 0.0043% / 1h | 48m 11s | $126K | $74K | 3x |
| Short | Ondo Perps CRCL-USD.P | 94.280 | 0.0050 | get 0.0006% / 1h | 48m 11s | $1.1M | $5.9M | 10x |
Nado CRCL-PERP
Ondo Perps CRCL-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$61.29
- Price spread: +0.043% → −0.092%
- $13.54
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$59.75
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Nado: live order book, 34 min ago; Ondo Perps: 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, 34 min ago | 2.64 bp | 10.1 bp −$10 | 79.8 bp −$798 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CRCL_USDT | 0.0000% | 8h | 94.370 | +0.139% | $7.2M | $27.5M | 50x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 94.390 | +0.160% | $1.0M | $50K | 10x | as long as short |
| QFEX CRCL-USD | +0.0033% | 1h | 94.360 | +0.128% | $1.4M | $2.7M | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0041% | 8h | 94.433 | +0.206% | $50K | $1.2M | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.0046% | 1h | 94.280 | +0.043% | — | $45K | 25x | as long as short |
| Aftermath Perps CRCLUSD | +0.0046% | 1h | 94.383 | +0.153% | $2K | $19K | 5x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 94.349 | +0.117% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.Pshort | +0.0050% | 1h | 94.280 | +0.043% | $1.1M | $5.9M | 10x | |
| Polymarket Perps CRCL-USD | +0.0063% | 1h | 94.296 | +0.060% | $357K | $1.1M | 10x | as long as short |
| Variational Omni CRCL | +0.0066% | 8h | 94.407 | +0.178% | $2.5M | $3.2M | — | as long as short |
Gate CRCL_USDT
Phemex CRCLUSDT
QFEX CRCL-USD
GRVT CRCL_USDT_Perp
Vest CRCL-USD-PERP
Aftermath Perps CRCLUSD
SoDEX CRCL-USD
Polymarket Perps CRCL-USD
Variational Omni CRCLShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRCLUSDT | +0.0070% | 8h | 94.380 | +0.150% | $15.5M | $25.9M | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0080% | 1h | 94.290 | +0.054% | $938K | $742K | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 94.340 | +0.107% | $76K | $99K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 94.390 | +0.160% | $3.0M | $1.8M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 94.260 | +0.022% | $69K | $5K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 94.360 | +0.128% | $941 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 94.375 | +0.144% | $4 | — | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.0120% | 1h | 94.346 | +0.113% | $1.1M | $3.8M | 10x | as long as short |
| Binance CRCLUSDT | +0.0122% | 8h | 94.370 | +0.139% | $108.4M | $388.5M | 50x | as long as short |
| Aster CRCLUSDT | +0.0153% | 8h | 94.384 | +0.154% | $1.1M | $4.8M | 20x | as long as short |
| RISEx CRCL/USDC | +0.0159% | 1h | 94.378 | +0.147% | $430K | $309K | 10x | as long as short |
| Lighter RH CRCL | +0.0160% | 1h | 94.393 | +0.163% | $880K | $2.9M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0176% | 8h | 94.317 | +0.083% | $773 | $740 | 5x | as long as short |
| Phoenix CRCL | +0.0212% | 1h | 94.486 | +0.262% | $28K | $92K | 10x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 94.340 | +0.107% | $97K | $275K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0217% | 8h | 94.370 | +0.139% | $22.8M | $60.5M | 50x | as long as short |
| edgeX CRCLUSDC | +0.0225% | 4h | 94.409 | +0.180% | $24K | $267K | 10x | as long as short |
| BloFin CRCL-USDT | +0.0241% | 8h | 94.390 | +0.160% | $1.1M | $581K | 20x | as long as short |
| tradeXYZ xyz:CRCL | +0.0280% | 1h | 94.320 | +0.086% | $70.7M | $42.8M | 10x | as long as short |
| Bitget CRCLUSDT | +0.0328% | 8h | 94.370 | +0.139% | $16.7M | $35.1M | 25x | as long as short |
| Nado CRCL-PERPlong | +0.0342% | 1h | 94.239 | long leg | $126K | $74K | 3x | |
| Lighter CRCL | +0.0408% | 1h | 94.418 | +0.190% | $3.1M | $2.2M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 94.850 | +0.648% | $5K | $19K | 30x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0705% | 1h | 94.370 | +0.139% | $4K | $771K | 10x | as long as short |
Bybit CRCLUSDT
Coinbase International CRCL-PERP-INTX
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Extended CRCL_24_5-USD
Binance CRCLUSDT
Aster CRCLUSDT
RISEx CRCL/USDC
Lighter RH CRCL
Paradex CRCL-USD-PERP
Phoenix CRCL
Arcus CRCL-USD
OKX CRCL-USDT-SWAP
edgeX CRCLUSDC
BloFin CRCL-USDT
tradeXYZ xyz:CRCL
Bitget CRCLUSDT
Lighter CRCL
Injective CRCL/USDC PERP
Deribit CRCL_USDC-PERPETUAL