CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: SoDEX against tradeXYZ−0.065%52s7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on SoDEX

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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and SoDEX is 0.065% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRCL	91.678	0.0062	pay 0.0008% / 1h	8m 25s	$67.9M	$44.3M	10x
Short	SoDEX CRCL-USD	91.618	0.0050	get 0.0006% / 1h	8m 25s	$46K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$2.44
Price spread: −0.065% → 0.000%: −$6.54
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$34.98
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 11 min ago; SoDEX: 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, 11 min ago	0.60 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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	−0.0918%	8h	91.800	+0.133%	$17.2M	$36.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0081%	1h	91.420	−0.281%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.730	+0.057%	$14.7M	$26.8M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.740	+0.068%	$7.7M	$27.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.539	−0.152%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.660	−0.020%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.619	−0.064%	$977K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.426	−0.275%	$2K	$27K	5x	as long as short
Aster CRCLUSDT	+0.0038%	8h	91.617	−0.066%	$1.0M	$5.1M	20x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.500	−0.194%	$93K	$289K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRCL_24_5-USD	+0.0048%	1h	91.687	+0.010%	$1.0M	$5.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.712	+0.037%	$384K	$1.3M	10x	as long as short
SoDEX CRCL-USDshort	+0.0050%	1h	91.618	−0.065%	$46K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.570	−0.118%	$1.1M	$5.2M	10x	as long as short
Binance CRCLUSDT	+0.0052%	8h	91.727	+0.053%	$104.5M	$397.4M	50x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.740	+0.068%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCLlong	+0.0062%	1h	91.678	long leg	$67.9M	$44.3M	10x
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.590	−0.096%	$892K	$606K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.706	+0.031%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.620	−0.063%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.470	−0.227%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.650	−0.031%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.693	+0.016%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.720	+0.045%	$418K	$283K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0134%	8h	91.536	−0.155%	$65K	$1.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0134%	8h	91.684	+0.006%	$422	$905	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0150%	8h	91.770	+0.100%	$22.3M	$62.9M	50x	as long as short
BloFin CRCL-USDT	+0.0169%	8h	91.700	+0.024%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.229	−0.490%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0248%	1h	91.715	+0.040%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0329%	1h	91.607	−0.078%	$134K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.770	+0.100%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0552%	4h	91.496	−0.199%	$52K	$277K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0733%	1h	91.690	+0.013%	$4K	$768K	10x	as long as short