CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0355%/8h= +38.9% APRnext payment +$0.44 per $10,000 · paid last 24h +0.081%

Price spread now: Deribit against SoDEX+0.046%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Deribit is 0.046% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CRCL-USD	91.588	0.0050	pay 0.0006% / 1h	50m 04s	$46K	$3K	10x
Short	Deribit CRCL_USDC-PERPETUAL	91.630	0.0405	get 0.0051% / 1h	50m 04s	$4K	$768K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. 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 SoDEXbpFee DeribitbpOrdersPrice spread, now +0.046%Rate

Funding earned: $74.6
Price spread: +0.046% → 0.000%: $4.59
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $64.19
Costs to cover: 0.150%
Break-even: 1.0 days

Slippage unknown: SoDEX: no order-book sample; Deribit: live order book, 64 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 SoDEX no order-book sample	—	—	—	—	—
Sell Deribit live order book, 64 min ago	0.54 bp	10.6 bp −$11	14.3 bp −$143	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget CRCLUSDT	−0.0748%	8h	91.700	+0.122%	$16.7M	$36.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.390	−0.216%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.610	+0.024%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.630	+0.046%	$7.4M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.669	+0.088%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.630	+0.046%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0024%	8h	91.641	+0.058%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.630	+0.046%	$975K	$2.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0032%	1h	91.615	+0.030%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0034%	8h	91.590	+0.002%	$104.4M	$393.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.600	+0.013%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	91.609	+0.023%	$2K	$26K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.635	+0.051%	$384K	$1.2M	10x	as long as short
SoDEX CRCL-USDlong	+0.0050%	1h	91.588	long leg	$46K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.600	+0.013%	$1.0M	$5.1M	10x	as long as short
edgeX CRCLUSDC	+0.0053%	4h	91.553	−0.038%	$51K	$276K	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.660	+0.079%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0072%	1h	91.555	−0.036%	$68.1M	$42.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.400	−0.205%	$911K	$521K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0096%	8h	91.642	+0.059%	$422	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.665	+0.084%	$134K	$162K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.640	+0.057%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.520	−0.074%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.660	+0.079%	$914	$2K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0104%	8h	91.609	+0.023%	$62K	$1.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.630	+0.045%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0114%	8h	91.610	+0.024%	$22.2M	$61.9M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.675	+0.095%	$417K	$299K	10x	as long as short
BloFin CRCL-USDT	+0.0138%	8h	91.700	+0.122%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.482	−0.116%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0360%	1h	91.635	+0.051%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0370%	1h	91.585	−0.003%	$133K	$108K	3x	as long as short
Deribit CRCL_USDC-PERPETUALshort	+0.0405%	1h	91.630	+0.046%	$4K	$768K	10x
Injective CRCL/USDC PERP	+0.0440%	1h	92.050	+0.504%	$5K	$19K	30x	as long as short