Settings8H · net · $10k
Funding arb · Price arb /

CRCL

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Ondo Perps against SoDEX−0.211%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.211% cheaper against SoDEX than usual: you would sell low and buy high, −$21 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX CRCL-USD91.9240.0050pay 0.0006% / 1h16m 03s$46K$3K10x
ShortOndo Perps CRCL-USD.P91.7300.0050get 0.0006% / 1h16m 03s$999K$5.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
$0.08
Price spread: −0.211% → 0.000%
−$21.1
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$34.02
Costs to cover
0.130%
Break-even
2842.0 days
Slippage unknown: SoDEX: no order-book sample; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Ondo Perps no order-book sample
SoDEX and Ondo Perps: 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 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CRCLUSDT−0.0822%8h92.020+0.104%$16.0M$35.7M25xas long as short
Vest CRCL-USD-PERP−0.0041%1h91.770−0.168%$40K25xas long as short
Coinbase International CRCL-PERP-INTX−0.0008%1h91.700−0.244%$913K$580K10xas long as short
Gate CRCL_USDT−0.0004%8h92.020+0.104%$7.1M$26.8M50xas long as short
Bybit CRCLUSDT0.0000%8h91.970+0.050%$15.0M$26.0M50xas long as short
RISEx CRCL/USDC0.0000%1h91.950+0.028%$420K$299K10xas long as short
Variational Omni CRCL0.0000%8h91.928+0.004%$2.4M$3.2Mas long as short
GRVT CRCL_USDT_Perp0.0000%8h91.730−0.211%$69K$1.1M10xas long as short
Phemex CRCLUSDT0.0000%4h91.990+0.072%$1.0M$49K10xas long as short
Aftermath Perps CRCLUSD+0.0024%1h91.905−0.021%$2K$23K5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH CRCL+0.0032%1h91.974+0.054%$974K$2.9M10xas long as short
Arcus CRCL-USD+0.0040%1h91.860−0.070%$93K$273K10xas long as short
Extended CRCL_24_5-USD+0.0048%1h91.928+0.005%$1.1M$5.7M10xas long as short
Binance CRCLUSDT+0.0050%8h91.940+0.017%$104.8M$394.2M50xas long as short
tradeXYZ xyz:CRCL+0.0050%1h91.910−0.015%$69.1M$42.1M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h91.956+0.035%$356K$1.1M10xas long as short
SoDEX CRCL-USDlong+0.0050%1h91.924long leg$46K$3K10x
Ondo Perps CRCL-USD.Pshort+0.0050%1h91.730−0.211%$999K$5.5M10x
OKX CRCL-USDT-SWAP+0.0057%8h91.960+0.039%$21.7M$60.4M50xas long as short
QFEX CRCL-USD+0.0057%1h91.950+0.028%$1.3M$2.3M10xas long as short
Aster CRCLUSDT+0.0059%8h91.971+0.051%$1.1M$4.9M20xas long as short
Paradex CRCL-USD-PERP+0.0073%8h91.981+0.061%$754$7405xas long as short
Pacifica CRCL+0.0100%1h91.992+0.074%$133K$158K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h92.000+0.083%$2.9M$1.9M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h91.720−0.222%$67K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.940+0.017%$917$3K10xas long as short
Aevo CRCL-PERP+0.0104%1h91.941+0.019%$410xas long as short
Nado CRCL-PERP+0.0153%1h91.935+0.012%$131K$103K3xas long as short
Lighter CRCL+0.0200%1h91.989+0.071%$3.0M$2.4M10xas long as short
Phoenix CRCL+0.0231%1h91.850−0.081%$27K$92K10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0294%1h91.970+0.050%$4K$769K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.500+0.627%$5K$19K30xas long as short
edgeX CRCLUSDC+0.0678%4h91.707−0.236%$23K$268K10xas long as short