CRCL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexCRCLUSDT	84.040	+0.0048	pay 0.0006% / 1h	16m 39s	$373K	$176K	20x	Long Popdex
SHORT	Coinbase InternationalCRCL-PERP-INTX	84.090	+0.0480	get 0.0060% / 1h	16m 39s	$1.4M	$255K	10x	Short Coinbase International

Price gap+0.059%

Funding gap+0.0432% /8h

Both sides work: funding pays +$13 a day on $10k, and the gap is 0.167% above its 7d average: +$17 more if it goes back.

If you open now and hold

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

Funding+$21+0.0432% /8h now · paid +0.209% over the last 6 days (all we have)

Price+$17spread +0.059% now, avg −0.107% → +0.167% if it goes back

Costs−$300.303% of $10k · taker + slippage, in and out

Result+$7+0.07%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 6 days it paid +0.209% in total, about +0.0117%/8h on average.

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Coinbase International price against Popdexnow

RANGE STATS · 7D

Now+0.059%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CRCL on 35 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

OK: Fits both order books6.0 / 9.3 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $1,000
Popdex 20x, Coinbase International 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$12.96Long Popdex: 24 payments, −$1.44; short Coinbase International: 24 payments, +$14.40.
OK: Entry gap works for you+0.059% vs −0.107%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$373K vs $1.4M OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPopdex No · Coinbase International Yes
ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0117%/8h × 21 periods+$24.59

Price spread+0.059% → −0.107% (7d avg)+$16.68

Slippage, 4 orderslive order books−$13.92

Fee Popdex bp × 2 orders−$6.40

Fee Coinbase International bp × 2 orders−$10.00

Net · 7 days · $10k+$10.95

Costs to cover0.303%Break-even3.9 days

Slippage: Popdex: live order book, 61 min ago; Coinbase International: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex0.606.0 bp−$623.2 bp−$232doesn’t fitdoesn’t fit

SELL · SHORTCoinbase International3.579.3 bp−$913.6 bp−$136doesn’t fitdoesn’t fit

Closing costs about the same again.

CRCL news

posts that mention CRCL or Circle Internet Group, from every exchangeSearch all news →

09-25 00:50	Injective	Token	The Injective Stockdrop officially starts next week. Anyone who participated in the $INJ BuyBack yesterday will be eligible to earn a stock token on Robinhood Chain. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
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09-21 13:35	gTrade (Gains Network)	Listing	new market CRCL/USD ($CRCL) seen by our collector
09-18 17:30	Vest Markets	Other	$COIN is rebounding from Tuesday's Senate defeat of the CLARITY Act, up around 12% on the session. The SEC issued a five-year innovation exemption that allows tokenized versions of U.S. stocks to trade on blockchain venues, with a comment period open. Crypto-linked equities are broadly higher, with $MSTR, $HOOD and $CRCL also up on the session. @VestExchange on X ↗
09-17 02:09	SoDEX	Other	📊 SoDEX 24h Movers · Sep 17 77 of 93 markets higher. The Fed's 25-basis-point rate hike dragged down US equities and crypto-related stocks, while select altcoins bucked the trend. Saudi efforts to restore pipeline capacity weighed on oil prices. What moved them $ZEC · Whale short positions face severe unrealized losses, potentially fueling a short squeeze. ARB · Tokenized card platform Deadstock completed a $2.5M seed round on Arbitrum. ONDO · Ondo's subsidiary became the first tokenized firm to join the DTCC Fund/SERV network. CRCL · Crypto-related stocks fell with the broader US market following the Fed rate hike. HOOD · Crypto-related stocks declined alongside the broader market after the Fed rate decision. 77 up · 15 down · 1 flat across 93 perp markets. 25 also trade spot. @sodex_official on X ↗
09-16 13:44	Deribit	Listing	🚨 Always Open. To More. Now live on Deribit: Trade 17 new equity and ETF perpetuals across technology, ETFs, semiconductors, fintech, and crypto linked equities. All settled in USDC. MSTR · CRCL · NVDA · MSFT · META · TSLA · AAPL · GOOGL · AMZN · QQQ · SPY · AMD · HOOD · INTC · MRVL · SPCX · TSM This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Deribit. Always Open. Equity, Commodity and Pre-IPO perpetuals are offered under the Limited Licence Approval Deribit FZE received from VARA, and are subject to the conditions, eligibility requirements and restrictions applicable to that approval. @DeribitOfficial on X ↗