Funding you earn now, next payment 05:00 UTC+0.0335%/8h= +36.7% APRnext payment +$0.42 per $10,000 · paid last 24h +0.061%
Price spread now: Nado against Ondo Perps−0.048%7-day average +0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.086%+$9 on $10k
+Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.048%, 7d avg +0.090%
=Together, before fees+0.252%+ Points / potential airdropOndo Perps: Active · Nado: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.138% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.090%). If the spread goes back, that is −$14 on $10k: about 33 hours of funding at the current rate (+$10 a day). At the pace of the last 3 days (+0.086% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.086% in total (about 9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps CRCL-USD.P | 91.900 | 0.0050 | pay 0.0006% / 1h | 45m 29s | $1.0M | $5.2M | 10x |
| Short | Nado CRCL-PERP | 91.856 | 0.0385 | get 0.0048% / 1h | 45m 29s | $134K | $106K | 3x |
Ondo Perps CRCL-USD.P
Nado CRCL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $70.29
- Price spread: −0.048% → +0.090%
- −$13.8
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $44.49
- Costs to cover
- 0.120%
- Break-even
- 2.6 days
Slippage unknown: Ondo Perps: no order-book sample; Nado: live order book, 7 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 Nado live order book, 7 min ago | 2.71 bp | 8.1 bp −$8 | 26.1 bp −$261 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CRCLUSDT | −0.0696% | 8h | 91.980 | +0.087% | $16.8M | $35.5M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0068% | 1h | 91.700 | −0.218% | — | $31K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.930 | +0.033% | $14.9M | $26.5M | 50x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.990 | +0.098% | $7.3M | $27.3M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.979 | +0.086% | $2.4M | $3.2M | — | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.020 | +0.131% | $1.0M | $48K | 10x | as long as short |
| Aster CRCLUSDT | +0.0012% | 8h | 92.000 | +0.109% | $1.1M | $5.0M | 20x | as long as short |
| Extended CRCL_24_5-USD | +0.0016% | 1h | 91.894 | −0.006% | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | +0.0017% | 8h | 91.930 | +0.033% | $104.7M | $390.7M | 50x | as long as short |
| Aftermath Perps CRCLUSD | +0.0040% | 1h | 91.965 | +0.070% | $2K | $25K | 5x | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Bybit CRCLUSDT
Gate CRCL_USDT
Variational Omni CRCL
Phemex CRCLUSDT
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
Aftermath Perps CRCLUSDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus CRCL-USD | +0.0040% | 1h | 91.970 | +0.076% | $93K | $272K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0048% | 1h | 91.890 | −0.011% | $907K | $510K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.874 | −0.028% | $68.2M | $41.8M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.903 | +0.003% | $359K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.948 | +0.052% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.Plong | +0.0050% | 1h | 91.900 | long leg | $1.0M | $5.2M | 10x | |
| QFEX CRCL-USD | +0.0060% | 1h | 91.940 | +0.044% | $1.3M | $1.9M | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0068% | 8h | 92.019 | +0.130% | $70K | $1.1M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0070% | 8h | 91.960 | +0.065% | $22.3M | $61.6M | 50x | as long as short |
| BloFin CRCL-USDT | +0.0070% | 8h | 92.040 | +0.152% | $1.1M | $1.3M | 20x | as long as short |
| Lighter RH CRCL | +0.0080% | 1h | 91.955 | +0.060% | $974K | $2.9M | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.928 | +0.030% | $135K | $159K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.950 | +0.054% | $2.7M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.920 | +0.022% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.960 | +0.065% | $917 | $2K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.948 | +0.053% | $4 | — | 10x | as long as short |
| RISEx CRCL/USDC | +0.0107% | 1h | 91.940 | +0.044% | $418K | $299K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0132% | 8h | 91.911 | +0.012% | $423 | $905 | 5x | as long as short |
| Phoenix CRCL | +0.0182% | 1h | 91.939 | +0.042% | $27K | $82K | 10x | as long as short |
| Lighter CRCL | +0.0288% | 1h | 91.952 | +0.057% | $3.0M | $2.4M | 10x | as long as short |
| Nado CRCL-PERPshort | +0.0385% | 1h | 91.856 | −0.048% | $134K | $106K | 3x | |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.550 | +0.707% | $5K | $19K | 30x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0512% | 1h | 91.910 | +0.011% | $4K | $768K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0529% | 4h | 92.039 | +0.151% | $51K | $277K | 10x | as long as short |
Arcus CRCL-USD
Coinbase International CRCL-PERP-INTX
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
QFEX CRCL-USD
GRVT CRCL_USDT_Perp
OKX CRCL-USDT-SWAP
BloFin CRCL-USDT
Lighter RH CRCL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
RISEx CRCL/USDC
Paradex CRCL-USD-PERP
Phoenix CRCL
Lighter CRCL
Injective CRCL/USDC PERP
Deribit CRCL_USDC-PERPETUAL
edgeX CRCLUSDC