Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.004%
Price spread now: Pacifica against SoDEX−0.044%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Pacifica is 0.044% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX CRCL-USD | 91.860 | 0.0050 | pay 0.0006% / 1h | 19m 36s | $46K | $3K | 10x |
| Short | Pacifica CRCL | 91.820 | 0.0100 | get 0.0013% / 1h | 19m 36s | $134K | $159K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: −0.044% → 0.000%
- −$4.35
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$9.85
- Costs to cover
- 0.160%
- Break-even
- 13.6 days
Slippage unknown: SoDEX: no order-book sample; Pacifica: live order book, 19 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 Pacifica live order book, 19 min ago | 8.19 bp | 20.4 bp −$20 | doesn't fit | 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 | −0.0999% | 8h | 91.880 | +0.022% | $16.4M | $35.1M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0068% | 1h | 91.610 | −0.272% | — | $31K | 25x | as long as short |
| Aster CRCLUSDT | 0.0000% | 8h | 91.880 | +0.022% | $1.1M | $5.0M | 20x | as long as short |
| Extended CRCL_24_5-USD | 0.0000% | 1h | 91.796 | −0.070% | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | 0.0000% | 8h | 91.830 | −0.033% | $104.6M | $389.5M | 50x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.840 | −0.022% | $14.9M | $26.4M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 91.844 | −0.018% | $417K | $299K | 10x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.880 | +0.022% | $7.2M | $27.2M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.828 | −0.035% | $2.4M | $3.2M | — | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 91.950 | +0.098% | $65K | $1.1M | 10x | as long as short |
Show all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex CRCLUSDT | 0.0000% | 4h | 91.860 | 0.000% | $1.0M | $49K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0016% | 1h | 91.790 | −0.076% | $906K | $490K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0024% | 8h | 91.850 | −0.011% | $22.1M | $61.1M | 50x | as long as short |
| QFEX CRCL-USD | +0.0028% | 1h | 91.890 | +0.033% | $1.3M | $2.0M | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 91.838 | −0.024% | $973K | $2.9M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0034% | 1h | 91.806 | −0.059% | $2K | $25K | 5x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.800 | −0.065% | $93K | $273K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.761 | −0.108% | $68.4M | $41.7M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.834 | −0.028% | $358K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USDlong | +0.0050% | 1h | 91.860 | long leg | $46K | $3K | 10x | |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.820 | −0.044% | $1.0M | $5.1M | 10x | as long as short |
| Pacifica CRCLshort | +0.0100% | 1h | 91.820 | −0.044% | $134K | $159K | 10x | |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.820 | −0.044% | $2.7M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.730 | −0.142% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.840 | −0.022% | $916 | $2K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0100% | 8h | 91.830 | −0.032% | $422 | $905 | 5x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.850 | −0.011% | $4 | — | 10x | as long as short |
| BloFin CRCL-USDT | +0.0120% | 8h | 91.860 | 0.000% | $1.1M | $1.3M | 20x | as long as short |
| Phoenix CRCL | +0.0148% | 1h | 91.832 | −0.030% | $27K | $83K | 10x | as long as short |
| Lighter CRCL | +0.0184% | 1h | 91.846 | −0.015% | $3.0M | $2.4M | 10x | as long as short |
| Nado CRCL-PERP | +0.0302% | 1h | 91.714 | −0.159% | $130K | $104K | 3x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.400 | +0.588% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDC | +0.0735% | 4h | 91.815 | −0.048% | $51K | $276K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.1057% | 1h | 91.900 | +0.044% | $4K | $767K | 10x | as long as short |
SoDEX CRCL-USD
Pacifica CRCL
Bitget CRCLUSDT
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
Bybit CRCLUSDT
RISEx CRCL/USDC
Gate CRCL_USDT
Variational Omni CRCL
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Coinbase International CRCL-PERP-INTX
OKX CRCL-USDT-SWAP
Lighter RH CRCL
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Paradex CRCL-USD-PERP
BloFin CRCL-USDT
Phoenix CRCL
Lighter CRCL
Injective CRCL/USDC PERP
edgeX CRCLUSDC
Deribit CRCL_USDC-PERPETUAL