CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0112%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h +0.021%

Price spread now: Phoenix against Pacifica+0.131%47s7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

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

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.131% dearer against Pacifica than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 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	Pacifica CRCL	94.180	0.0100	pay 0.0013% / 1h	31m 48s	$75K	$99K	10x
Short	Phoenix CRCL	94.303	0.0212	get 0.0026% / 1h	31m 48s	$28K	$92K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Pacifica. 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 PacificabpFee PhoenixbpOrdersPrice spread, now +0.131%Rate

Funding earned: $23.49
Price spread: +0.131% → 0.000%: $13.06
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $21.55
Costs to cover: 0.150%
Break-even: 0.6 days

Slippage unknown: Pacifica: 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 Pacifica no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Pacifica 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
Gate CRCL_USDT	0.0000%	8h	94.160	−0.021%	$7.2M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.200	+0.021%	$1.0M	$50K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.199	+0.020%	$888K	$2.9M	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.300	+0.127%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.250	+0.074%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0048%	1h	94.274	+0.100%	$2K	$20K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.151	−0.031%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.169	−0.012%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.130	−0.053%	$1.1M	$5.8M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0069%	1h	94.190	+0.011%	$4K	$771K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	94.200	+0.021%	$937K	$741K	10x	as long as short
Bybit CRCLUSDT	+0.0080%	8h	94.170	−0.011%	$15.5M	$25.9M	50x	as long as short
Pacifica CRCLlong	+0.0100%	1h	94.180	long leg	$75K	$99K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	94.200	+0.021%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.220	+0.042%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.150	−0.032%	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.190	+0.011%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0122%	8h	94.340	+0.170%	$59K	$1.2M	10x	as long as short
Variational Omni CRCL	+0.0124%	8h	94.334	+0.164%	$2.5M	$3.2M	—	as long as short
tradeXYZ xyz:CRCL	+0.0141%	1h	94.042	−0.147%	$70.5M	$42.8M	10x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.225	+0.048%	$430K	$310K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0160%	8h	94.212	+0.034%	$773	$740	5x	as long as short
Extended CRCL_24_5-USD	+0.0176%	1h	94.145	−0.037%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0177%	8h	94.161	−0.020%	$108.2M	$388.4M	50x	as long as short
Aster CRCLUSDT	+0.0201%	8h	94.229	+0.052%	$1.1M	$4.8M	20x	as long as short
Phoenix CRCLshort	+0.0212%	1h	94.303	+0.131%	$28K	$92K	10x
Arcus CRCL-USD	+0.0214%	1h	94.200	+0.021%	$96K	$275K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0217%	8h	94.160	−0.021%	$22.7M	$60.3M	50x	as long as short
Nado CRCL-PERP	+0.0278%	1h	94.161	−0.020%	$126K	$74K	3x	as long as short
Lighter CRCL	+0.0288%	1h	94.220	+0.042%	$3.0M	$2.3M	10x	as long as short
BloFin CRCL-USDT	+0.0295%	8h	94.290	+0.117%	$1.1M	$580K	20x	as long as short
Bitget CRCLUSDT	+0.0320%	8h	94.140	−0.042%	$16.6M	$35.2M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.770	+0.626%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0599%	4h	94.304	+0.132%	$24K	$268K	10x	as long as short