CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Polymarket Perps against Pacifica+0.033%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on Pacifica Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.720%−$72 · spread now +0.033%, 7d avg −0.032%

Together, before fees−0.839%+ Points / potential airdropPacifica: Active · farm board−$84 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.065% dearer against Pacifica than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.032%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	91.536	0.0100	pay 0.0013% / 1h	1m 28s	$135K	$160K	10x
Short	Polymarket Perps CRCL-USD	91.566	0.0050	get 0.0006% / 1h	1m 28s	$387K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$10.5
Price spread: +0.033% → −0.032%: $6.52
Slippage, 4 orders: −$43.62
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$63.6
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from Pacifica: live order book, 32 min ago; Polymarket Perps: live order book, 2 min ago.

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 live order book, 32 min ago	6.53 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.72 bp	6.9 bp −$7	7.2 bp −$72	9.2 bp −$920	doesn't fit

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
Bitget CRCLUSDT	−0.0677%	8h	91.650	+0.125%	$16.6M	$35.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0062%	1h	91.350	−0.203%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.550	+0.016%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.570	+0.038%	$7.4M	$27.6M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.949	+0.451%	$2.5M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.760	+0.245%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0016%	8h	91.573	+0.041%	$1.1M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.531	−0.005%	$1.2M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0026%	8h	91.540	+0.005%	$104.4M	$393.0M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.562	+0.029%	$971K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0040%	1h	91.709	+0.189%	$2K	$26K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.750	+0.234%	$93K	$291K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	+0.256%	$915K	$523K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.501	−0.038%	$67.9M	$42.3M	10x	as long as short
Polymarket Perps CRCL-USDshort	+0.0050%	1h	91.566	+0.033%	$387K	$1.2M	10x
SoDEX CRCL-USD	+0.0050%	1h	91.691	+0.170%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.890	+0.387%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.570	+0.038%	$1.3M	$1.8M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0080%	8h	91.513	−0.025%	$421	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0089%	8h	91.920	+0.420%	$70K	$1.1M	10x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.536	long leg	$135K	$160K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.580	+0.048%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.750	+0.234%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.540	+0.005%	$913	$2K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0101%	8h	91.560	+0.027%	$22.3M	$61.7M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.548	+0.013%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0105%	8h	91.740	+0.223%	$1.1M	$1.6M	20x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.555	+0.021%	$417K	$299K	10x	as long as short
Phoenix CRCL	+0.0182%	1h	91.810	+0.300%	$27K	$82K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0187%	1h	91.670	+0.147%	$4K	$768K	10x	as long as short
Lighter CRCL	+0.0248%	1h	91.564	+0.031%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0350%	1h	91.474	−0.067%	$133K	$108K	3x	as long as short
edgeX CRCLUSDC	+0.0434%	4h	91.779	+0.266%	$51K	$277K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.300	+0.835%	$5K	$19K	30x	as long as short