CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h +0.081%

Price spread now: Injective against Phoenix+0.608%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.586%+$59 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.608% dearer against Phoenix than usual: you sell high and buy low: +$61 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	Phoenix CRCL	94.187	0.0212	pay 0.0026% / 1h	25m 10s	$28K	$92K	10x
Short	Injective CRCL/USDC PERP	94.760	0.0440	get 0.0055% / 1h	25m 10s	$5K	$19K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.608%Rate

Funding earned: $47.91
Price spread: +0.608% → 0.000%: $60.84
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $101.73
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Phoenix and Injective: 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	94.310	+0.131%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.270	+0.088%	$1.0M	$50K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.300	+0.120%	$889K	$2.9M	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.290	+0.109%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.140	−0.050%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0047%	1h	94.233	+0.049%	$2K	$20K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.262	+0.080%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.263	+0.081%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.160	−0.029%	$1.1M	$5.9M	10x	as long as short
Bybit CRCLUSDT	+0.0072%	8h	94.330	+0.152%	$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	−0.092%	$936K	$740K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.210	+0.024%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.280	+0.099%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.110	−0.082%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.240	+0.056%	$940	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.329	+0.151%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0122%	8h	94.193	+0.007%	$2.5M	$3.2M	—	as long as short
edgeX CRCLUSDC	+0.0123%	4h	94.166	−0.023%	$24K	$266K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0124%	8h	94.204	+0.018%	$59K	$1.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0146%	8h	94.242	+0.058%	$773	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0156%	1h	94.271	+0.089%	$70.7M	$42.8M	10x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.277	+0.096%	$430K	$310K	10x	as long as short
Binance CRCLUSDT	+0.0172%	8h	94.301	+0.122%	$108.4M	$388.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0176%	1h	94.278	+0.097%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0193%	8h	94.197	+0.010%	$1.1M	$4.8M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0210%	8h	94.290	+0.109%	$22.8M	$60.4M	50x	as long as short
Phoenix CRCLlong	+0.0212%	1h	94.187	long leg	$28K	$92K	10x
Arcus CRCL-USD	+0.0214%	1h	94.250	+0.067%	$97K	$275K	10x	as long as short
Nado CRCL-PERP	+0.0259%	1h	94.187	0.000%	$126K	$74K	3x	as long as short
Lighter CRCL	+0.0288%	1h	94.314	+0.135%	$3.0M	$2.3M	10x	as long as short
BloFin CRCL-USDT	+0.0292%	8h	94.330	+0.152%	$1.1M	$580K	20x	as long as short
Bitget CRCLUSDT	+0.0313%	8h	94.340	+0.162%	$16.6M	$35.1M	25x	as long as short
Injective CRCL/USDC PERPshort	+0.0440%	1h	94.760	+0.608%	$5K	$19K	30x
Deribit CRCL_USDC-PERPETUAL	+0.0493%	1h	94.280	+0.099%	$4K	$771K	10x	as long as short