Funding you earn now, next payment 01:00 UTC−0.0133%/8h= −14.6% APRpaid last 24h −0.050%
Price spread now: Paradex against Nado−0.032%50s7-day average — · you buy dearer than you sell
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
=Together, before fees—+ Points / potential airdropNado: Active · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Paradex is 0.032% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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 | 93.632 | 0.0232 | pay 0.0029% / 1h | 1m 35s | $155K | $90K | 3x |
| Short | Paradex CRCL-USD-PERP | 93.602 | 0.0098 | get 0.0098% / 8h | 7h 01m | $768 | $740 | 5x |
Nado CRCL-PERP
Paradex CRCL-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$27.98
- Price spread: −0.032% → 0.000%
- −$3.2
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$42.17
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 6 min ago; Paradex: 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 | 1.60 bp | 9.0 bp −$9 | 29.0 bp −$290 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0064% | 1h | 93.700 | +0.073% | $937K | $601K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 93.600 | −0.034% | $15.4M | $25.4M | 50x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 93.690 | +0.062% | $7.2M | $27.2M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 93.620 | −0.013% | $16.7M | $34.3M | 25x | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 93.950 | +0.340% | $62K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 93.670 | +0.041% | $1.0M | $49K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 93.628 | −0.004% | $979K | $3.0M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0037% | 1h | 93.902 | +0.289% | $2K | $22K | 5x | as long as short |
| QFEX CRCL-USD | +0.0042% | 1h | 93.600 | −0.034% | $1.3M | $2.5M | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.0046% | 1h | 93.520 | −0.119% | — | $37K | 25x | as long as short |
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
Gate CRCL_USDT
Bitget CRCLUSDT
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
QFEX CRCL-USD
Vest CRCL-USD-PERPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 93.586 | −0.049% | $71.5M | $40.9M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 93.639 | +0.008% | $363K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 93.640 | +0.009% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 93.610 | −0.023% | $1.0M | $5.7M | 10x | as long as short |
| Variational Omni CRCL | +0.0078% | 8h | 93.978 | +0.369% | $2.5M | $3.1M | — | as long as short |
| Paradex CRCL-USD-PERPshort | +0.0098% | 8h | 93.602 | −0.032% | $768 | $740 | 5x | |
| Pacifica CRCL | +0.0100% | 1h | 93.627 | −0.005% | $75K | $96K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 93.640 | +0.009% | $2.9M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 93.750 | +0.126% | $69K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 93.650 | +0.019% | $934 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 93.649 | +0.019% | $4 | — | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0125% | 8h | 93.620 | −0.013% | $22.6M | $58.6M | 50x | as long as short |
| Binance CRCLUSDT | +0.0141% | 8h | 93.590 | −0.045% | $108.0M | $385.5M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0144% | 1h | 93.587 | −0.047% | $1.1M | $5.7M | 10x | as long as short |
| Aster CRCLUSDT | +0.0145% | 8h | 93.610 | −0.023% | $1.1M | $4.9M | 20x | as long as short |
| Nado CRCL-PERPlong | +0.0232% | 1h | 93.632 | long leg | $155K | $90K | 3x | |
| BloFin CRCL-USDT | +0.0267% | 8h | 93.750 | +0.126% | $1.1M | $574K | 20x | as long as short |
| Phoenix CRCL | +0.0296% | 1h | 93.980 | +0.372% | $28K | $92K | 10x | as long as short |
| Lighter CRCL | +0.0328% | 1h | 93.643 | +0.012% | $3.0M | $2.3M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 94.410 | +0.831% | $5K | $19K | 30x | as long as short |
| Arcus CRCL-USD | +0.0521% | 1h | 93.790 | +0.169% | $96K | $271K | 10x | as long as short |
| RISEx CRCL/USDC | +0.0677% | 1h | 93.603 | −0.031% | $428K | $297K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0712% | 1h | 93.620 | −0.013% | $4K | $769K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0940% | 4h | 93.809 | +0.189% | $24K | $268K | 10x | as long as short |
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
Variational Omni CRCL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
OKX CRCL-USDT-SWAP
Binance CRCLUSDT
Extended CRCL_24_5-USD
Aster CRCLUSDT
BloFin CRCL-USDT
Phoenix CRCL
Lighter CRCL
Injective CRCL/USDC PERP
Arcus CRCL-USD
RISEx CRCL/USDC
Deribit CRCL_USDC-PERPETUAL
edgeX CRCLUSDC