CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0213%/8h= +23.3% APRnext payment +$2.13 per $10,000 · paid last 24h +0.058%

Price spread now: BloFin against Orderly−0.085%52s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.085% cheaper against Orderly than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 32 hours of funding at the current rate (+$6 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_CRCL_USDC_mythos	94.450	0.0100	pay 0.0100% / 8h	7h 27m	$942	$3K	10x
Short	BloFin CRCL-USDT	94.370	0.0313	get 0.0313% / 8h	7h 27m	$1.1M	$560K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. 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 OrderlybpFee BloFinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $44.69
Price spread: −0.085% → 0.000%: −$8.47
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $18.22
Costs to cover: 0.180%
Break-even: 4.1 days

Slippage unknown: Orderly: no order-book sample; BloFin: 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 Orderly no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	0.53 bp	10.2 bp −$10	17.4 bp −$174	58.4 bp −$5,835	doesn't fit

Orderly: 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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.210	−0.254%	$942K	$622K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.420	−0.032%	$15.5M	$25.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.440	−0.011%	$7.2M	$27.0M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.462	+0.013%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.410	−0.042%	$1.0M	$49K	10x	as long as short
Bitget CRCLUSDT	+0.0029%	8h	94.440	−0.011%	$17.0M	$34.6M	25x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.424	−0.028%	$889K	$2.8M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.333	−0.124%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.390	−0.064%	$1.4M	$2.6M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.310	−0.148%	—	$37K	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	94.371	−0.084%	$71.8M	$42.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.423	−0.029%	$366K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.443	−0.007%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.310	−0.148%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.360	−0.095%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.420	−0.032%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.300	−0.159%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythoslong	+0.0100%	8h	94.450	long leg	$942	$3K	10x
Aevo CRCL-PERP	+0.0104%	1h	94.452	+0.002%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0105%	8h	94.437	−0.014%	$774	$740	5x	as long as short
Variational Omni CRCL	+0.0127%	8h	94.450	0.000%	$2.5M	$3.1M	—	as long as short
edgeX CRCLUSDC	+0.0141%	4h	94.435	−0.016%	$24K	$269K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0149%	8h	94.430	−0.021%	$22.8M	$59.4M	50x	as long as short
Binance CRCLUSDT	+0.0191%	8h	94.423	−0.028%	$109.4M	$386.0M	50x	as long as short
Extended CRCL_24_5-USD	+0.0192%	1h	94.410	−0.043%	$1.1M	$5.9M	10x	as long as short
Aster CRCLUSDT	+0.0196%	8h	94.422	−0.030%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0228%	1h	94.405	−0.047%	$132K	$76K	3x	as long as short
Phoenix CRCL	+0.0296%	1h	94.429	−0.022%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0296%	1h	94.439	−0.012%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDTshort	+0.0313%	8h	94.370	−0.085%	$1.1M	$560K	20x
Injective CRCL/USDC PERP	+0.0440%	1h	94.890	+0.466%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.380	−0.074%	$96K	$273K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0598%	1h	94.440	−0.011%	$4K	$769K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.456	+0.006%	$431K	$299K	10x	as long as short