CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0204%/8h= +22.4% APRnext payment +$0.26 per $10,000 · paid last 24h +0.058%

Price spread now: Nado against Polymarket Perps−0.003%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Polymarket Perps Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.113%+$11 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.003%, 7d avg +0.009%

Together, before fees+0.137%+ Points / potential airdropNado: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	94.147	0.0050	pay 0.0006% / 1h	8m 28s	$365K	$1.1M	10x
Short	Nado CRCL-PERP	94.144	0.0254	get 0.0032% / 1h	8m 28s	$126K	$73K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.003%Rate

Funding earned: $42.91
Price spread: −0.003% → +0.009%: −$1.24
Slippage, 4 orders: −$16.68
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $10
Costs to cover: 0.317%
Break-even: 5.4 days

Slippage from Polymarket Perps: live order book, 5 min ago; Nado: live order book, 9 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 Polymarket Perps live order book, 5 min ago	1.86 bp	5.9 bp −$6	6.0 bp −$60	8.9 bp −$892	doesn't fit
Sell Nado live order book, 9 min ago	2.65 bp	7.9 bp −$8	25.7 bp −$257	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
Gate CRCL_USDT	0.0000%	8h	94.210	+0.067%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.150	+0.003%	$1.0M	$52K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.242	+0.101%	$888K	$2.9M	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.180	+0.035%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.210	+0.067%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0048%	1h	94.191	+0.047%	$2K	$20K	5x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	94.147	long leg	$365K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	94.160	+0.014%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.050	−0.103%	$1.1M	$5.9M	10x	as long as short
Bybit CRCLUSDT	+0.0078%	8h	94.190	+0.046%	$15.5M	$25.8M	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	−0.050%	$936K	$720K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.180	+0.035%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.210	+0.067%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.180	+0.035%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.190	+0.046%	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.215	+0.072%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0128%	8h	94.142	−0.005%	$2.5M	$3.2M	—	as long as short
Paradex CRCL-USD-PERP	+0.0129%	8h	94.213	+0.070%	$773	$740	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0144%	8h	94.180	+0.035%	$63K	$1.2M	10x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.215	+0.072%	$430K	$310K	10x	as long as short
Binance CRCLUSDT	+0.0167%	8h	94.200	+0.056%	$108.3M	$388.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	94.203	+0.060%	$1.1M	$3.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0172%	1h	94.147	0.000%	$70.6M	$42.7M	10x	as long as short
Aster CRCLUSDT	+0.0185%	8h	94.185	+0.041%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0195%	8h	94.200	+0.056%	$22.8M	$60.3M	50x	as long as short
Phoenix CRCL	+0.0212%	1h	94.180	+0.035%	$28K	$92K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	94.170	+0.024%	$96K	$275K	10x	as long as short
Nado CRCL-PERPshort	+0.0254%	1h	94.144	−0.003%	$126K	$73K	3x
BloFin CRCL-USDT	+0.0288%	8h	94.220	+0.078%	$1.1M	$580K	20x	as long as short
Lighter CRCL	+0.0288%	1h	94.249	+0.108%	$3.0M	$2.3M	10x	as long as short
Bitget CRCLUSDT	+0.0307%	8h	94.200	+0.056%	$16.6M	$35.1M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.760	+0.651%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0600%	1h	94.210	+0.067%	$4K	$772K	10x	as long as short
edgeX CRCLUSDC	+0.0642%	4h	94.155	+0.008%	$24K	$267K	10x	as long as short