CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0243%/8h= +26.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.102%

Price spread now: Deribit against Polymarket Perps−0.029%7-day average +0.011% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.189%+$19 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.029%, 7d avg +0.011%

Together, before fees+0.163%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.041% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.011%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	92.107	0.0050	pay 0.0006% / 1h	55m 01s	$378K	$954K	10x
Short	Deribit CRCL_USDC-PERPETUAL	92.080	0.0293	get 0.0037% / 1h	55m 01s	$5K	$617K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Polymarket Perps. 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 Polymarket PerpsbpFee DeribitbpOrdersPrice spread, now −0.029%Rate

Funding earned: $51.09
Price spread: −0.029% → +0.011%: −$4.07
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $32.02
Costs to cover: 0.150%
Break-even: 2.6 days

Slippage unknown: Polymarket Perps: live order book, 23 min ago; Deribit: live order book, 39 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 Polymarket Perps live order book, 23 min ago	540.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 39 min ago	6.59 bp	10.1 bp −$10	12.6 bp −$126	doesn't fit	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
Ondo Perps CRCL-USD.P	−0.0072%	1h	92.030	−0.084%	$1.1M	$4.2M	10x	as long as short
Vest CRCL-USD-PERP	−0.0064%	1h	92.100	−0.008%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	91.790	−0.344%	$17.8M	$35.1M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.040	−0.073%	$1.0M	$45K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.070	−0.040%	$875K	$684K	10x	as long as short
Gate CRCL_USDT	+0.0025%	8h	91.940	−0.181%	$7.2M	$25.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.038	−0.075%	$989K	$2.3M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	92.449	+0.372%	$2K	$29K	5x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	92.107	long leg	$378K	$954K	10x
SoDEX CRCL-USD	+0.0050%	1h	92.050	−0.062%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0061%	1h	91.872	−0.255%	$67.3M	$42.9M	10x	as long as short
QFEX CRCL-USD	+0.0080%	1h	92.080	−0.029%	$1.4M	$1.6M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.137	+0.033%	$135K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.090	−0.018%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.560	+0.492%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.190	+0.090%	$919	$1K	10x	as long as short
Bybit CRCLUSDT	+0.0101%	8h	91.850	−0.279%	$14.9M	$25.9M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.100	−0.007%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0159%	8h	92.110	+0.003%	$424	$766	5x	as long as short
Lighter CRCL	+0.0232%	1h	92.046	−0.066%	$3.0M	$2.0M	10x	as long as short
Variational Omni CRCL	+0.0249%	8h	92.487	+0.413%	$2.4M	$3.2M	—	as long as short
Phoenix CRCL	+0.0254%	1h	92.574	+0.507%	$27K	$66K	10x	as long as short
Deribit CRCL_USDC-PERPETUALshort	+0.0293%	1h	92.080	−0.029%	$5K	$617K	10x
Aster CRCLUSDT	+0.0305%	8h	92.014	−0.101%	$1.0M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0309%	8h	91.810	−0.322%	$22.5M	$59.0M	50x	as long as short
Extended CRCL_24_5-USD	+0.0312%	1h	91.770	−0.366%	$1.1M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0316%	8h	91.830	−0.301%	$105.8M	$377.4M	50x	as long as short
Nado CRCL-PERP	+0.0366%	1h	92.067	−0.043%	$148K	$111K	3x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.130	+0.025%	$96K	$268K	10x	as long as short
BloFin CRCL-USDT	+0.0436%	8h	92.070	−0.040%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.200	+1.187%	$39K	$172K	30x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	92.133	+0.028%	$412K	$255K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0581%	8h	92.547	+0.477%	$62K	$1.1M	10x	as long as short
edgeX CRCLUSDC	+0.0591%	4h	92.448	+0.370%	$53K	$268K	10x	as long as short