CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.035%

Price spread now: Phoenix against tradeXYZ+0.396%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.396% dearer against tradeXYZ than usual: you sell high and buy low: +$40 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	tradeXYZ xyz:CRCL	92.413	0.0141	pay 0.0018% / 1h	57m 23s	$67.7M	$42.8M	10x
Short	Phoenix CRCL	92.779	0.0254	get 0.0032% / 1h	57m 23s	$27K	$64K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against tradeXYZ. 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 tradeXYZbpFee PhoenixbpOrdersPrice spread, now +0.396%Rate

Funding earned: $23.7
Price spread: +0.396% → 0.000%: $39.6
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $38.3
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: tradeXYZ: live order book, 12 min ago; Phoenix: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy tradeXYZ live order book, 12 min ago	0.05 bp	12.1 bp −$12	15.2 bp −$152	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
Vest CRCL-USD-PERP	−0.0066%	1h	92.130	−0.306%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.550	+0.148%	$18.0M	$35.1M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.550	+0.148%	$1.0M	$46K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.500	+0.094%	$890K	$677K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.408	−0.005%	$993K	$2.3M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	92.519	+0.115%	$2K	$29K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.472	+0.064%	$380K	$955K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.460	+0.051%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.300	−0.122%	$1.1M	$4.3M	10x	as long as short
Gate CRCL_USDT	+0.0052%	8h	92.510	+0.105%	$7.3M	$25.3M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0080%	1h	92.270	−0.155%	$1.4M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.400	−0.014%	$135K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.530	+0.127%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.510	+0.105%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.540	+0.137%	$923	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.515	+0.110%	$4	—	10x	as long as short
tradeXYZ xyz:CRCLlong	+0.0141%	1h	92.413	long leg	$67.7M	$42.8M	10x
Bybit CRCLUSDT	+0.0143%	8h	92.490	+0.083%	$15.1M	$25.9M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0163%	8h	92.397	−0.017%	$425	$766	5x	as long as short
Phoenix CRCLshort	+0.0254%	1h	92.779	+0.396%	$27K	$64K	10x
Variational Omni CRCL	+0.0257%	8h	92.578	+0.178%	$2.4M	$3.2M	—	as long as short
Aster CRCLUSDT	+0.0307%	8h	92.530	+0.127%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0313%	8h	92.570	+0.170%	$22.6M	$59.4M	50x	as long as short
Binance CRCLUSDT	+0.0319%	8h	92.518	+0.113%	$106.6M	$377.3M	50x	as long as short
Lighter CRCL	+0.0320%	1h	92.467	+0.058%	$3.0M	$2.0M	10x	as long as short
Extended CRCL_24_5-USD	+0.0320%	1h	92.501	+0.095%	$1.1M	$5.0M	10x	as long as short
Nado CRCL-PERP	+0.0340%	1h	92.405	−0.009%	$149K	$111K	3x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.450	+0.040%	$96K	$267K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.200	+0.852%	$39K	$172K	30x	as long as short
BloFin CRCL-USDT	+0.0444%	8h	92.640	+0.246%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	92.500	+0.094%	$414K	$255K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0507%	1h	92.500	+0.094%	$5K	$617K	10x	as long as short
edgeX CRCLUSDC	+0.0681%	4h	92.633	+0.238%	$53K	$268K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0688%	8h	92.732	+0.345%	$62K	$1.1M	10x	as long as short