CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.063%

Price spread now: Arcus against Ondo Perps+0.011%7-day average +0.049% · you sell dearer than you buy

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

Long on Ondo Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.011%, 7d avg +0.049%

Together, before fees−0.032%+ Points / potential airdropOndo Perps: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Arcus is 0.038% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRCL-USD.P	90.790	0.0050	pay 0.0006% / 1h	28m 47s	$1.1M	$4.7M	10x
Short	Arcus CRCL-USD	90.800	0.0040	get 0.0005% / 1h	28m 47s	$94K	$283K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Ondo Perps. 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 Ondo PerpsbpFee ArcusbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$2.13
Price spread: +0.011% → +0.049%: −$3.85
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$15.47
Costs to cover: 0.095%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 5 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Arcus live order book, 5 min ago	2.20 bp	5.5 bp −$5	5.5 bp −$55	doesn't fit	doesn't fit

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
Vest CRCL-USD-PERP	−0.0100%	1h	90.670	−0.132%	—	$31K	25x	as long as short
Bitget CRCLUSDT	−0.0034%	8h	90.820	+0.033%	$17.4M	$36.3M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	90.800	+0.011%	$14.9M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	90.910	+0.132%	$7.8M	$26.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	90.890	+0.110%	$1.0M	$47K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0008%	8h	90.967	+0.195%	$71K	$1.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	90.807	+0.019%	$976K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	90.900	+0.121%	$937K	$570K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	90.966	+0.194%	$2K	$29K	5x	as long as short
Arcus CRCL-USDshort	+0.0040%	1h	90.800	+0.011%	$94K	$283K	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	90.750	−0.044%	$66.9M	$44.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	90.800	+0.011%	$375K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	90.840	+0.055%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Plong	+0.0050%	1h	90.790	long leg	$1.1M	$4.7M	10x
QFEX CRCL-USD	+0.0065%	1h	90.870	+0.088%	$1.3M	$1.7M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0080%	1h	90.830	+0.044%	$5K	$764K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	90.830	+0.044%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	90.840	+0.055%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	90.950	+0.176%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	90.840	+0.055%	$906	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	90.872	+0.091%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0125%	8h	90.796	+0.006%	$418	$766	5x	as long as short
Variational Omni CRCL	+0.0148%	8h	90.940	+0.165%	$2.4M	$3.3M	—	as long as short
Aster CRCLUSDT	+0.0206%	8h	90.807	+0.018%	$1.0M	$5.0M	20x	as long as short
Lighter CRCL	+0.0208%	1h	90.791	+0.001%	$2.9M	$2.1M	10x	as long as short
Extended CRCL_24_5-USD	+0.0216%	1h	90.817	+0.030%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0218%	8h	90.800	+0.011%	$104.4M	$386.4M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	91.098	+0.339%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0283%	8h	90.810	+0.022%	$22.2M	$61.2M	50x	as long as short
edgeX CRCLUSDC	+0.0304%	4h	90.952	+0.178%	$52K	$271K	10x	as long as short
BloFin CRCL-USDT	+0.0340%	8h	90.870	+0.088%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0364%	1h	90.788	−0.002%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+1.520%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	90.854	+0.070%	$410K	$258K	10x	as long as short