CRCL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Ondo PerpsCRCL-USD.P	84.230	+0.0050	pay 0.0006% / 1h	36m 54s	$1.4M	$922K	10x	Long Ondo Perps5% off
SHORT	BingXNCSKCRCL2USD-USDT	84.350	+0.0493	get 0.0493% / 8h	4h 36m	$931K	$7.3M	—	Short BingX

Price gap+0.142%46s

Funding gap+0.0443% /8h

Funding trade: +$13 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

The two prices were read 46 s apart: part of this gap may be the market moving.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$64+0.0443% /8h now · paid +0.641% over the last 7D

Price—spread +0.142%46s now · prices read too far apart to compare

Costs−$250.251% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropOndo Perps: points · farm boardneeds both prices read together

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now+0.142%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CRCL on 37 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

OK: Fits both order books6.0 / 6.8 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$1,000 + —
Ondo Perps 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$13.28Long Ondo Perps: 24 payments, −$1.51; short BingX: 3 payments, +$14.79.
Watch: Prices read 46 s apart+0.142% vs +0.128%
Part of this gap may be the market moving.
Watch: Short leg is thinner$931K vs $1.4M OI
BingX sets your exit cost. Check its book before closing.
OK: Points on a legOndo Perps points
Volume here counts toward the points program.
Watch: KYCOndo Perps No · BingX Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0305%/8h × 21 periods+$64.08

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$10.08

Fee Ondo Perps bp × 2 orders−$5.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k+$39.00

price spread not counted: prices read too far apart

Costs to cover0.251%Break-even2.7 days

Slippage: Ondo Perps: live order book, just now; BingX: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGOndo Perps2.386.0 bp−$613.3 bp−$133doesn’t fitdoesn’t fit

SELL · SHORTBingX1.786.8 bp−$78.1 bp−$8114.7 bp−$1,46962.7 bp−$31.4K

Closing costs about the same again.

CRCL news

posts that mention CRCL or Circle Internet Group, from every exchangeSearch all news →

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