Funding you earn now, next payment 02:00 UTC−0.0098%/8h= −10.8% APRpaid last 24h +0.033%
Price spread now: Gate against Ondo Perps+0.076%7-day average +0.185% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 7 days+0.208%+$21 · spread now +0.076%, 7d avg +0.185%
=Together, before fees+0.366%+ Points / potential airdropOndo Perps: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.109% cheaper against Ondo Perps than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.185%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.158%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps CRCL-USD.P | 91.950 | 0.0050 | pay 0.0006% / 1h | 3m 39s | $1.0M | $5.3M | 10x |
| Short | Gate CRCL_USDT | 92.020 | −0.0048 | pay 0.0048% / 8h | 6h 03m | $7.1M | $26.9M | 50x |
Ondo Perps CRCL-USD.P
Gate CRCL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.66
- Price spread: +0.076% → +0.185%
- −$10.89
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$51.55
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Gate: 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 Gate live order book, 5 min ago | 2.72 bp | 15.8 bp −$16 | 32.4 bp −$324 | 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 33 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 | −0.0956% | 8h | 92.040 | +0.098% | $15.9M | $34.9M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0062% | 1h | 91.770 | −0.196% | — | $40K | 25x | as long as short |
| Gate CRCL_USDTshort | −0.0048% | 8h | 92.020 | +0.076% | $7.1M | $26.9M | 50x | |
| Coinbase International CRCL-PERP-INTX | −0.0008% | 1h | 91.840 | −0.120% | $906K | $564K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.010 | +0.065% | $15.0M | $25.8M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 92.000 | +0.054% | $420K | $298K | 10x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.989 | +0.042% | $2.4M | $3.2M | — | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 92.022 | +0.078% | $63K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.970 | +0.022% | $1.0M | $49K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0023% | 1h | 91.936 | −0.015% | $2K | $23K | 5x | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
RISEx CRCL/USDC
Variational Omni CRCL
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Aftermath Perps CRCLUSDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH CRCL | +0.0032% | 1h | 92.033 | +0.090% | $974K | $2.9M | 10x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.950 | 0.000% | $93K | $269K | 10x | as long as short |
| Binance CRCLUSDT | +0.0045% | 8h | 91.970 | +0.022% | $104.7M | $387.6M | 50x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0046% | 8h | 92.020 | +0.076% | $21.8M | $59.4M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0048% | 1h | 91.978 | +0.030% | $1.1M | $5.7M | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.953 | +0.003% | $69.0M | $41.0M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.010 | +0.065% | $356K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.973 | +0.025% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.Plong | +0.0050% | 1h | 91.950 | long leg | $1.0M | $5.3M | 10x | |
| Aster CRCLUSDT | +0.0055% | 8h | 92.044 | +0.102% | $1.1M | $4.9M | 20x | as long as short |
| QFEX CRCL-USD | +0.0057% | 1h | 92.010 | +0.065% | $1.3M | $2.3M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0072% | 8h | 92.026 | +0.082% | $755 | $740 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.985 | +0.039% | $133K | $158K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.030 | +0.087% | $2.9M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.930 | −0.022% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.020 | +0.076% | $917 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.004 | +0.059% | $4 | — | 10x | as long as short |
| Nado CRCL-PERP | +0.0166% | 1h | 91.893 | −0.063% | $131K | $104K | 3x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0185% | 1h | 92.040 | +0.098% | $4K | $769K | 10x | as long as short |
| Lighter CRCL | +0.0208% | 1h | 92.043 | +0.101% | $3.0M | $2.4M | 10x | as long as short |
| Phoenix CRCL | +0.0231% | 1h | 91.910 | −0.044% | $27K | $92K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.260 | +0.337% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDC | +0.0966% | 4h | 91.955 | +0.005% | $23K | $267K | 10x | as long as short |
Lighter RH CRCL
Arcus CRCL-USD
Binance CRCLUSDT
OKX CRCL-USDT-SWAP
Extended CRCL_24_5-USD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Aster CRCLUSDT
QFEX CRCL-USD
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Nado CRCL-PERP
Deribit CRCL_USDC-PERPETUAL
Lighter CRCL
Phoenix CRCL
Injective CRCL/USDC PERP
edgeX CRCLUSDC