CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.032%

Price spread now: Paradex against Orderly+0.168%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.168% dearer against Orderly than usual: you sell high and buy low: +$17 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	Orderly PERP_CRCL_USDC_mythos	94.630	0.0100	pay 0.0100% / 8h	17m 58s	$943	$3K	10x
Short	Paradex CRCL-USD-PERP	94.789	0.0120	get 0.0120% / 8h	17m 58s	$777	$740	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.168%Rate

Funding earned: $4.29
Price spread: +0.168% → 0.000%: $16.8
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: $11.09
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Paradex: 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 Orderly no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Orderly and Paradex: 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
Gate CRCL_USDT	0.0000%	8h	94.690	+0.063%	$7.2M	$27.7M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.660	+0.032%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.760	+0.137%	$1.4M	$2.8M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.648	+0.019%	$896K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.127%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.680	+0.053%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.782	+0.161%	$367K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.600	−0.032%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.630	0.000%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0053%	1h	94.779	+0.157%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	94.760	+0.137%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.670	+0.042%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.620	−0.011%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythoslong	+0.0100%	8h	94.630	long leg	$943	$3K	10x
Bybit CRCLUSDT	+0.0103%	8h	94.680	+0.053%	$15.6M	$25.9M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.705	+0.080%	$4	—	10x	as long as short
Paradex CRCL-USD-PERPshort	+0.0120%	8h	94.789	+0.168%	$777	$740	5x
tradeXYZ xyz:CRCL	+0.0169%	1h	94.558	−0.076%	$71.8M	$43.4M	10x	as long as short
Variational Omni CRCL	+0.0184%	8h	94.712	+0.087%	$2.5M	$3.1M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0197%	8h	94.630	0.000%	$22.9M	$60.8M	50x	as long as short
GRVT CRCL_USDT_Perp	+0.0233%	8h	94.746	+0.123%	$61K	$1.1M	10x	as long as short
Binance CRCLUSDT	+0.0247%	8h	94.640	+0.011%	$109.7M	$390.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0248%	1h	94.632	+0.002%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0251%	8h	94.660	+0.032%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0273%	1h	94.723	+0.098%	$127K	$73K	3x	as long as short
Phoenix CRCL	+0.0288%	1h	94.779	+0.157%	$28K	$92K	10x	as long as short
Bitget CRCLUSDT	+0.0305%	8h	94.630	0.000%	$16.9M	$35.4M	25x	as long as short
Lighter CRCL	+0.0344%	1h	94.645	+0.016%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0365%	8h	94.810	+0.190%	$1.1M	$601K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.983%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0490%	1h	94.620	−0.011%	$4K	$772K	10x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.770	+0.148%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.800	+0.179%	$432K	$303K	10x	as long as short
edgeX CRCLUSDC	+0.0768%	4h	94.705	+0.079%	$24K	$268K	10x	as long as short