CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.020%

Price spread now: Aevo against Phoenix−0.027%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aevo

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aevo is 0.027% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRCL	94.411	0.0212	pay 0.0026% / 1h	20m 55s	$28K	$92K	10x
Short	Aevo CRCL-PERP	94.385	0.0104	get 0.0013% / 1h	20m 55s	$4	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now −0.027%Rate

Funding earned: −$22.65
Price spread: −0.027% → 0.000%: −$2.7
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$48.35
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Aevo: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Phoenix and Aevo: 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	94.360	−0.054%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.330	−0.086%	$1.0M	$50K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.403	−0.008%	$890K	$2.9M	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.370	−0.043%	$1.4M	$2.8M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.250	−0.171%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0048%	1h	94.345	−0.069%	$2K	$20K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.335	−0.080%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.363	−0.051%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.260	−0.160%	$1.1M	$5.9M	10x	as long as short
Bybit CRCLUSDT	+0.0079%	8h	94.370	−0.043%	$15.5M	$25.9M	50x	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	94.100	−0.329%	$936K	$740K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.330	−0.086%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.340	−0.075%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.190	−0.234%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.360	−0.054%	$941	$3K	10x	as long as short
Aevo CRCL-PERPshort	+0.0104%	1h	94.385	−0.027%	$4	—	10x
Variational Omni CRCL	+0.0122%	8h	94.193	−0.231%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	+0.0129%	8h	94.323	−0.093%	$59K	$1.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0148%	8h	94.443	+0.034%	$774	$740	5x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.410	−0.002%	$431K	$310K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0164%	1h	94.324	−0.092%	$70.7M	$42.7M	10x	as long as short
Binance CRCLUSDT	+0.0183%	8h	94.340	−0.075%	$108.5M	$388.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0184%	1h	94.322	−0.095%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0201%	8h	94.255	−0.166%	$1.1M	$4.8M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0209%	8h	94.340	−0.075%	$22.8M	$60.4M	50x	as long as short
Phoenix CRCLlong	+0.0212%	1h	94.411	long leg	$28K	$92K	10x
Arcus CRCL-USD	+0.0214%	1h	94.400	−0.012%	$97K	$275K	10x	as long as short
Nado CRCL-PERP	+0.0258%	1h	94.298	−0.119%	$126K	$73K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0280%	1h	94.350	−0.065%	$4K	$772K	10x	as long as short
Lighter CRCL	+0.0288%	1h	94.410	−0.001%	$3.0M	$2.3M	10x	as long as short
BloFin CRCL-USDT	+0.0303%	8h	94.350	−0.065%	$1.1M	$580K	20x	as long as short
Bitget CRCLUSDT	+0.0319%	8h	94.380	−0.033%	$16.6M	$35.1M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.760	+0.370%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0911%	4h	94.259	−0.161%	$24K	$267K	10x	as long as short