Funding you earn now, next payment 05:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.017%
Price spread now: Nado against Phoenix+0.005%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 57 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 | Phoenix CRCL | 91.110 | 0.0210 | pay 0.0026% / 1h | 29m 47s | $27K | $82K | 10x |
| Short | Nado CRCL-PERP | 91.115 | 0.0303 | get 0.0038% / 1h | 29m 47s | $133K | $108K | 3x |
Phoenix CRCL
Nado CRCL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $19.62
- Price spread: +0.005% → 0.000%
- $0.5
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $6.13
- Costs to cover
- 0.140%
- Break-even
- 4.8 days
Slippage unknown: Phoenix: no order-book sample; Nado: live order book, 18 min ago. 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 Nado live order book, 18 min ago | 3.28 bp | 8.8 bp −$9 | 28.2 bp −$282 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CRCLUSDT | −0.0890% | 8h | 91.280 | +0.187% | $16.7M | $36.3M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0072% | 1h | 90.880 | −0.252% | — | $31K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.190 | +0.088% | $14.5M | $26.9M | 50x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.230 | +0.132% | $7.6M | $27.3M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.161 | +0.056% | $2.4M | $3.2M | — | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.180 | +0.077% | $1.0M | $48K | 10x | as long as short |
| Aster CRCLUSDT | +0.0012% | 8h | 91.199 | +0.098% | $1.0M | $5.1M | 20x | as long as short |
| Extended CRCL_24_5-USD | +0.0024% | 1h | 91.185 | +0.083% | $1.1M | $5.6M | 10x | as long as short |
| Binance CRCLUSDT | +0.0025% | 8h | 91.180 | +0.077% | $103.6M | $394.9M | 50x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 91.203 | +0.102% | $971K | $2.9M | 10x | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Bybit CRCLUSDT
Gate CRCL_USDT
Variational Omni CRCL
Phemex CRCLUSDT
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
Lighter RH CRCLShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus CRCL-USD | +0.0040% | 1h | 91.190 | +0.088% | $93K | $291K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0041% | 1h | 91.194 | +0.093% | $2K | $26K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.130 | +0.022% | $68.1M | $43.3M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.160 | +0.055% | $382K | $1.2M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.166 | +0.061% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.090 | −0.022% | $1.0M | $5.1M | 10x | as long as short |
| QFEX CRCL-USD | +0.0054% | 1h | 91.160 | +0.055% | $1.3M | $1.8M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0072% | 1h | 91.180 | +0.077% | $913K | $529K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0091% | 8h | 91.173 | +0.069% | $419 | $905 | 5x | as long as short |
| BloFin CRCL-USDT | +0.0097% | 8h | 91.230 | +0.132% | $1.1M | $1.6M | 20x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.180 | +0.077% | $133K | $161K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.210 | +0.110% | $2.7M | $1.8M | 20x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0100% | 8h | 91.150 | +0.044% | $62K | $1.1M | 10x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.170 | +0.066% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.170 | +0.066% | $909 | $2K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.154 | +0.048% | $4 | — | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0112% | 8h | 91.200 | +0.099% | $22.1M | $61.9M | 50x | as long as short |
| RISEx CRCL/USDC | +0.0117% | 1h | 91.180 | +0.077% | $415K | $294K | 10x | as long as short |
| Phoenix CRCLlong | +0.0210% | 1h | 91.110 | long leg | $27K | $82K | 10x | |
| Lighter CRCL | +0.0216% | 1h | 91.202 | +0.101% | $2.9M | $2.4M | 10x | as long as short |
| Nado CRCL-PERPshort | +0.0303% | 1h | 91.115 | +0.005% | $133K | $108K | 3x | |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.040 | +1.021% | $5K | $19K | 30x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0518% | 1h | 91.170 | +0.066% | $4K | $768K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0917% | 4h | 91.164 | +0.059% | $52K | $278K | 10x | as long as short |
Arcus CRCL-USD
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Coinbase International CRCL-PERP-INTX
Paradex CRCL-USD-PERP
BloFin CRCL-USDT
Pacifica CRCL
KuCoin CRCLUSDTM
GRVT CRCL_USDT_Perp
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
OKX CRCL-USDT-SWAP
RISEx CRCL/USDC
Lighter CRCL
Injective CRCL/USDC PERP
Deribit CRCL_USDC-PERPETUAL
edgeX CRCLUSDC