CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0491%/8h= +53.8% APRnext payment +$0.61 per $10,000 · paid last 24h +0.100%

Price spread now: Deribit against Vest+0.230%7-day average — · you sell dearer than you buy

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

Long on Vest 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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Deribit is 0.230% dearer against Vest than usual: you sell high and buy low: +$23 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	Vest CRCL-USD-PERP	91.160	−0.0084	get 0.0010% / 1h	48m 45s	—	$31K	25x
Short	Deribit CRCL_USDC-PERPETUAL	91.370	0.0407	get 0.0051% / 1h	48m 45s	$5K	$769K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Vest. 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 VestbpFee DeribitbpOrdersPrice spread, now +0.230%Rate

Funding earned: $103.13
Price spread: +0.230% → 0.000%: $23.04
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $117.17
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Deribit: live order book, 60 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 Vest no order-book sample	—	—	—	—	—
Sell Deribit live order book, 60 min ago	5.45 bp	10.0 bp −$10	13.2 bp −$132	doesn't fit	doesn't fit

Vest: 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	−0.0727%	8h	91.480	+0.351%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERPlong	−0.0084%	1h	91.160	long leg	—	$31K	25x
Bybit CRCLUSDT	0.0000%	8h	91.430	+0.296%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.470	+0.340%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.430	+0.296%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.460	+0.329%	$1.0M	$48K	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.410	+0.274%	$93K	$289K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	91.429	+0.295%	$2K	$27K	5x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.358	+0.217%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.290	+0.143%	$1.1M	$5.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.470	+0.340%	$891K	$605K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.450	+0.318%	$1.3M	$1.8M	10x	as long as short
Aster CRCLUSDT	+0.0072%	8h	91.454	+0.323%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0085%	8h	91.424	+0.289%	$104.5M	$397.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0088%	1h	91.396	+0.258%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.400	+0.263%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.440	+0.307%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.330	+0.186%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.390	+0.252%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.381	+0.242%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0167%	1h	91.357	+0.216%	$67.7M	$44.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0174%	8h	91.393	+0.256%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0175%	8h	91.444	+0.312%	$65K	$1.1M	10x	as long as short
Lighter RH CRCL	+0.0176%	1h	91.439	+0.306%	$977K	$2.7M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0181%	8h	91.460	+0.329%	$22.2M	$62.7M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0190%	1h	91.416	+0.281%	$383K	$1.3M	10x	as long as short
BloFin CRCL-USDT	+0.0205%	8h	91.410	+0.274%	$1.1M	$1.6M	20x	as long as short
edgeX CRCLUSDC	+0.0226%	4h	91.425	+0.290%	$52K	$277K	10x	as long as short
Phoenix CRCL	+0.0245%	1h	91.384	+0.246%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.406	+0.270%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0352%	1h	91.440	+0.307%	$2.9M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUALshort	+0.0407%	1h	91.370	+0.230%	$5K	$769K	10x
Injective CRCL/USDC PERP	+0.0440%	1h	91.930	+0.845%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0447%	1h	91.295	+0.148%	$134K	$109K	3x	as long as short