CRCL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Polymarket PerpsCRCL-USD	69.062	+0.0311	pay 0.0039% / 1h	6m 15s	$315K	$488K	10x	Long Polymarket Perps
SHORT	PhemexCRCLUSDT	69.050	0	0.0000% / 4h	2h 06m	$1.4M	$1.0M	10x	Short Phemex

Price gap−0.017%

Funding gap−0.0311% /8h

Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.099% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$78−0.0311% /8h now · paid −0.777% over the last 7D

Price−$10spread −0.017% now, avg +0.082% → −0.099% if it goes back

Costs−$410.410% of $10k · taker + slippage, in and out

Result−$129−1.29%no points

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.017%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CRCL on 45 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

OK: Fits both order books6.7 / 13.1 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$1,000 + $1,000
Polymarket Perps 10x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$9.32Long Polymarket Perps: 24 payments, −$9.32; short Phemex: 6 payments, $0.00.
Watch: Gap narrower than usual−0.017% vs +0.082%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$315K vs $1.4M OI
Polymarket Perps sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPolymarket Perps No · Phemex Yes
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0370%/8h × 21 periods−$77.68

Price spread−0.017% → +0.082% (7d avg)−$9.93

Slippage, 4 orderslive order books−$21.00

Fee Polymarket Perps bp × 2 orders−$8.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$128.61

Costs to cover0.410%Break-evennever at this rate

Slippage: Polymarket Perps: live order book, 29 min ago; Phemex: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPolymarket Perps2.626.7 bp−$77.2 bp−$7211.4 bp−$1,138doesn’t fit

SELL · SHORTPhemex5.8013.1 bp−$1325.7 bp−$257doesn’t fitdoesn’t fit

Closing costs about the same again.

CRCL news

posts that mention CRCL or Circle Internet Group, from every exchange

11-04 19:06	Ondo Perps	Other	Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗
11-04 16:01	Phoenix	Other	$13.9T of USDC moved onchain last quarter, up 49% from a year ago. Circle reported Q3 revenue of $865M this morning, up 17%. Trade $CRCL on Phoenix, 24/7. @PhoenixTrade on X ↗
11-03 16:43	Entropy	Listing	New Listing: Circle ($CRCL) at 15x Leverage. @entropyIO on X ↗
11-03 16:03	Entropy	Listing	new market io:CRCL ($CRCL) seen by our collector
11-03 12:30	OKX	Other	This week, $SHOP, $AMD, $CRCL & $QCOM report earnings after market close. Trade both names 24/7 with Tokenized Stocks, or take a long or short view with up to 10x leverage on X-Perps. Markets move. You do too. @okx on X ↗
11-03 11:10	Bulk	Other	STOCK SZN CONTINUES Trade $NVDA, $CRCL and $MSTR up to 10x leverage! >Fees are 55% off on all RWAs >This weeks gauntlet is stock szn >You get to tell your parents your an equities investor What are you waiting for? @bulktrade on X ↗