CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0265%/8h= −29.0% APRnext payment −$0.33 per $10,000 · paid last 24h −0.050%

Price spread now: tradeXYZ against Nado+0.020%7-day average −0.025% · 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−$32as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Nado Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.105%−$11 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.020%, 7d avg −0.025%

Together, before fees−0.203%+ Points / potential airdropNado: Active · tradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.045% dearer against Nado than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.025%): +$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 14 hours. At the pace of the last 3 days (−0.105% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CRCL-PERP	91.484	0.0342	pay 0.0043% / 1h	45m 47s	$133K	$108K	3x
Short	tradeXYZ xyz:CRCL	91.503	0.0077	get 0.0010% / 1h	45m 47s	$68.2M	$42.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$55.63
Price spread: +0.020% → −0.025%: $4.5
Slippage, 4 orders: −$11.28
Fee Nado: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$87.41
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; tradeXYZ: 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, 2 min ago	3.28 bp	7.1 bp −$7	26.1 bp −$261	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.60 bp	10.4 bp −$10	doesn't fit	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
Bitget CRCLUSDT	−0.0755%	8h	91.610	+0.137%	$16.7M	$36.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.270	−0.234%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.560	+0.083%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.560	+0.083%	$7.4M	$27.1M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.509	+0.027%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.510	+0.028%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0022%	8h	91.570	+0.093%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.563	+0.086%	$974K	$2.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0032%	1h	91.498	+0.015%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0033%	8h	91.557	+0.079%	$104.3M	$393.6M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.580	+0.104%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	91.521	+0.040%	$2K	$26K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.501	+0.018%	$383K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.491	+0.007%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.540	+0.061%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.550	+0.072%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.400	−0.092%	$911K	$521K	10x	as long as short
tradeXYZ xyz:CRCLshort	+0.0077%	1h	91.503	+0.020%	$68.2M	$42.9M	10x
Paradex CRCL-USD-PERP	+0.0094%	8h	91.531	+0.050%	$421	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.549	+0.071%	$134K	$162K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.520	+0.039%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.600	+0.126%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.530	+0.050%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.508	+0.026%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0110%	8h	91.680	+0.214%	$62K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0116%	8h	91.600	+0.126%	$22.2M	$61.9M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.550	+0.072%	$417K	$295K	10x	as long as short
BloFin CRCL-USDT	+0.0139%	8h	91.630	+0.159%	$1.1M	$1.6M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0187%	1h	91.520	+0.039%	$4K	$768K	10x	as long as short
Phoenix CRCL	+0.0210%	1h	91.658	+0.190%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0280%	1h	91.561	+0.084%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERPlong	+0.0342%	1h	91.484	long leg	$133K	$108K	3x
Injective CRCL/USDC PERP	+0.0440%	1h	92.050	+0.618%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0927%	4h	91.615	+0.143%	$52K	$278K	10x	as long as short