CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0509%/8h= +55.7% APRnext payment +$5.09 per $10,000 · paid last 24h +0.024%

Price spread now: GRVT against Orderly−0.169%70s7-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 GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.169% cheaper against Orderly than usual: you would sell low and buy high (spread −0.169% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 27 hours of funding at the current rate (+$15 a day). The two prices were read 70 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	92.460	0.0100	pay 0.0100% / 8h	6h 18m	$922	$1K	10x
Short	GRVT CRCL_USDT_Perp	92.303	0.0609	get 0.0609% / 8h	6h 18m	$63K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.169%Rate

Funding earned: $106.89
Price spread: −0.169% → 0.000%: −$16.93
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $74.96
Costs to cover: 0.150%
Break-even: 2.1 days

Slippage unknown: Orderly: no order-book sample; GRVT: live order book, 3 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 GRVT live order book, 3 min ago	0.54 bp	12.0 bp −$12	17.9 bp −$179	doesn't fit	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 exchanges

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
Vest CRCL-USD-PERP	−0.0021%	1h	92.250	−0.227%	—	$30K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.490	+0.032%	$15.0M	$25.2M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.470	+0.011%	$18.1M	$34.0M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.430	−0.032%	$1.0M	$45K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.390	−0.076%	$856K	$704K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.499	+0.042%	$999K	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	92.305	−0.167%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.433	−0.029%	$67.6M	$40.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.483	+0.025%	$380K	$852K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.466	+0.006%	$46K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.320	−0.151%	$1.1M	$3.9M	10x	as long as short
Gate CRCL_USDT	+0.0061%	8h	92.530	+0.076%	$7.3M	$25.8M	50x	as long as short
QFEX CRCL-USD	+0.0080%	1h	92.420	−0.043%	$1.3M	$1.6M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.420	−0.043%	$138K	$141K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.370	−0.097%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.270	−0.205%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythoslong	+0.0100%	8h	92.460	long leg	$922	$1K	10x
Paradex CRCL-USD-PERP	+0.0101%	8h	92.453	−0.008%	$425	$477	5x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.518	+0.063%	$4	—	10x	as long as short
Phoenix CRCL	+0.0199%	1h	92.188	−0.294%	$27K	$66K	10x	as long as short
Lighter CRCL	+0.0240%	1h	92.537	+0.083%	$3.0M	$2.1M	10x	as long as short
Variational Omni CRCL	+0.0258%	8h	92.386	−0.080%	$2.5M	$3.3M	—	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0291%	1h	92.470	+0.011%	$5K	$488K	10x	as long as short
Nado CRCL-PERP	+0.0314%	1h	92.438	−0.024%	$151K	$112K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0323%	8h	92.540	+0.087%	$22.8M	$57.6M	50x	as long as short
Aster CRCLUSDT	+0.0340%	8h	92.496	+0.039%	$1.1M	$4.5M	20x	as long as short
Extended CRCL_24_5-USD	+0.0344%	1h	92.465	+0.006%	$1.1M	$4.4M	10x	as long as short
Binance CRCLUSDT	+0.0347%	8h	92.496	+0.039%	$106.7M	$361.6M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.470	+0.011%	$96K	$226K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	−0.400%	$38K	$172K	30x	as long as short
BloFin CRCL-USDT	+0.0464%	8h	92.370	−0.097%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	92.453	−0.007%	$410K	$243K	10x	as long as short
GRVT CRCL_USDT_Perpshort	+0.0609%	8h	92.303	−0.169%	$63K	$1.0M	10x
edgeX CRCLUSDC	+0.0669%	4h	92.436	−0.026%	$53K	$269K	10x	as long as short