CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0178%/8h= +19.5% APRnext payment +$0.22 per $10,000 · paid last 24h +0.012%

Price spread now: Phoenix against Ondo Perps+0.112%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.112% dearer against Ondo Perps than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRCL-USD.P	94.350	0.0050	pay 0.0006% / 1h	0m 47s	$1.1M	$5.9M	10x
Short	Phoenix CRCL	94.456	0.0228	get 0.0029% / 1h	0m 47s	$28K	$92K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.112%Rate

Funding earned: $37.39
Price spread: +0.112% → 0.000%: $11.23
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $36.62
Costs to cover: 0.120%
Break-even: 0.1 days

Slippage unknown: Ondo Perps: no order-book sample; Phoenix: no order-book sample. 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 Phoenix no order-book sample	—	—	—	—	—

Ondo Perps and Phoenix: 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
RISEx CRCL/USDC	0.0000%	1h	94.472	+0.129%	$431K	$310K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.450	+0.106%	$7.2M	$27.8M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.417	+0.071%	$50K	$1.2M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.420	+0.074%	$1.0M	$50K	10x	as long as short
Variational Omni CRCL	+0.0011%	8h	94.421	+0.075%	$2.5M	$3.2M	—	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.450	+0.106%	$1.4M	$2.7M	10x	as long as short
Bybit CRCLUSDT	+0.0027%	8h	94.490	+0.148%	$15.5M	$25.9M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.477	+0.135%	$881K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.468	+0.125%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.400	+0.053%	—	$45K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	94.416	+0.070%	$70.8M	$42.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.419	+0.073%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.434	+0.089%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Plong	+0.0050%	1h	94.350	long leg	$1.1M	$5.9M	10x
Extended CRCL_24_5-USD	+0.0064%	1h	94.432	+0.086%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0064%	8h	94.449	+0.104%	$108.5M	$389.3M	50x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0068%	1h	94.460	+0.117%	$4K	$771K	10x	as long as short
Aster CRCLUSDT	+0.0099%	8h	94.432	+0.087%	$1.1M	$4.8M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	94.430	+0.085%	$76K	$100K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.430	+0.085%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.350	0.000%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.410	+0.064%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.459	+0.115%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0135%	8h	94.482	+0.139%	$775	$740	5x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.390	+0.042%	$939K	$743K	10x	as long as short
BloFin CRCL-USDT	+0.0184%	8h	94.460	+0.117%	$1.1M	$588K	20x	as long as short
Nado CRCL-PERP	+0.0193%	1h	94.429	+0.083%	$127K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0204%	8h	94.440	+0.095%	$22.8M	$60.6M	50x	as long as short
Phoenix CRCLshort	+0.0228%	1h	94.456	+0.112%	$28K	$92K	10x
Lighter CRCL	+0.0288%	1h	94.492	+0.151%	$3.1M	$2.4M	10x	as long as short
Bitget CRCLUSDT	+0.0318%	8h	94.450	+0.106%	$16.7M	$35.2M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.920	+0.604%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.440	+0.095%	$97K	$274K	10x	as long as short
edgeX CRCLUSDC	+0.0714%	4h	94.432	+0.086%	$24K	$268K	10x	as long as short