Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG82.220+0.0192pay 0.0024% / 1h28m 00s$370K$178K20xLong Popdex
SHORT82.390+0.0158get 0.0020% / 1h28m 00s$122K$5K25xShort Vest Markets+5% pts
Price gap+0.207%
Funding gap−0.0034% /8h

The gap pays +$67 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 2 months. At the last 7 days' pace that is about 24 months.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$1−0.0034% /8h now · paid −0.006% over the last 7D
Price+$67spread +0.207% now, avg −0.461% → +0.667% if it goes back
Costsno datano order book for Vest Markets
Result, before costs+$66+0.66%+ Points / potential airdropVest Markets: points · farm boardcosts unknown: no order book for Vest Markets · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.207%
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 36 exchanges

lowest funding first

Before you open

4 ok · 1 to watch
  • Note: Order book unknown—
    No order-book sample for Vest Markets: its slippage is not counted.
  • Note: Margin at max leverage$500 + $400
    Popdex 20x, Vest Markets 25x. 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: −$1.01Long Popdex: 24 payments, −$5.76; short Vest Markets: 24 payments, +$4.75.
  • OK: Entry gap works for you+0.207% vs −0.461%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$122K vs $370K OI
    Vest Markets sets your exit cost. Check its book before closing.
  • OK: Points on a legVest Markets points
    Volume here counts toward the points program.
  • OK: No KYC on either legPopdex No · Vest Markets No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0003%/8h × 21 periods−$0.64
Price spread+0.207% → −0.461% (7d avg)+$66.73
Slippage, 4 ordersno data for Vest Markets—
Fee Popdex bp × 2 orders−$6.40
Fee Vest Markets bp × 2 orders−$2.00
Net, fees only · 7 days · $10k+$57.69
Costs to cover0.084%Break-evenfrom the start
Slippage: Popdex: live order book, 16 min ago; Vest Markets: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGPopdex1.225.9 bp−$611.7 bp−$117doesn’t fitdoesn’t fit
SELL · SHORTVest Markets—————

Closing costs about the same again.
Vest Markets: no data.

Alert

CRCL news

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