CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0250%/8h= −27.4% APRnext payment −$0.31 per $10,000 · paid last 24h −0.061%

Price spread now: Polymarket Perps against Nado+0.038%7-day average −0.009% · 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−$29as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Nado Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.038%, 7d avg −0.009%

Together, before fees−0.186%+ Points / potential airdropNado: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.047% dearer against Nado than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.009%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.124% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CRCL-PERP	91.854	0.0300	pay 0.0038% / 1h	16m 54s	$131K	$104K	3x
Short	Polymarket Perps CRCL-USD	91.889	0.0050	get 0.0006% / 1h	16m 54s	$359K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 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 Polymarket PerpsbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$52.5
Price spread: +0.038% → −0.009%: $4.68
Slippage, 4 orders: −$18.29
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$81.11
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from Nado: live order book, 40 min ago; Polymarket Perps: live order book, 1 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, 40 min ago	3.80 bp	11.6 bp −$12	28.8 bp −$288	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	0.05 bp	4.1 bp −$4	4.1 bp −$41	7.6 bp −$762	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
Bitget CRCLUSDT	−0.0993%	8h	92.020	+0.180%	$16.5M	$35.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0069%	1h	91.660	−0.212%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.911	+0.061%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.958	+0.112%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.970	+0.126%	$104.7M	$389.6M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.990	+0.148%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.934	+0.087%	$418K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.050	+0.213%	$7.2M	$27.2M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.828	−0.029%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.850	−0.005%	$64K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.910	+0.061%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.790	−0.070%	$906K	$490K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0024%	8h	92.010	+0.169%	$22.1M	$61.2M	50x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.910	+0.061%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.972	+0.128%	$975K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0034%	1h	91.881	+0.029%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.800	−0.059%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.891	+0.040%	$68.5M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USDshort	+0.0050%	1h	91.889	+0.038%	$359K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	91.899	+0.049%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.760	−0.103%	$1.0M	$5.1M	10x	as long as short
edgeX CRCLUSDC	+0.0065%	4h	91.827	−0.030%	$51K	$276K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0100%	8h	91.904	+0.054%	$423	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.880	+0.028%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.910	+0.061%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.710	−0.157%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.940	+0.093%	$917	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.941	+0.095%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.950	+0.104%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.825	−0.032%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0192%	1h	91.972	+0.128%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERPlong	+0.0300%	1h	91.854	long leg	$131K	$104K	3x
Injective CRCL/USDC PERP	+0.0440%	1h	92.400	+0.594%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0621%	1h	91.940	+0.093%	$4K	$767K	10x	as long as short