CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0190%/8h= +20.8% APRnext payment +$0.24 per $10,000 · paid last 24h +0.058%

Price spread now: Nado against Vest+0.146%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 Nado

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 · Nado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Nado is 0.146% dearer against Vest than usual: you sell high and buy low: +$15 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	91.640	−0.0037	get 0.0005% / 1h	18m 11s	—	$40K	25x
Short	Nado CRCL-PERP	91.774	0.0153	get 0.0019% / 1h	18m 11s	$130K	$103K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.146%Rate

Funding earned: $39.93
Price spread: +0.146% → 0.000%: $14.63
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $45.56
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Nado: live order book, 49 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 Nado live order book, 49 min ago	1.60 bp	6.1 bp −$6	23.9 bp −$239	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 33 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	−0.0787%	8h	91.970	+0.360%	$16.0M	$35.6M	25x	as long as short
Vest CRCL-USD-PERPlong	−0.0037%	1h	91.640	long leg	—	$40K	25x
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.700	+0.065%	$913K	$580K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.940	+0.327%	$15.0M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.850	+0.229%	$419K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.980	+0.371%	$7.1M	$26.8M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.938	+0.325%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.906	+0.290%	$63K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.980	+0.371%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0024%	1h	91.867	+0.248%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	91.970	+0.360%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.800	+0.175%	$93K	$273K	10x	as long as short
Extended CRCL_24_5-USD	+0.0048%	1h	91.925	+0.311%	$1.1M	$5.7M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.870	+0.251%	$69.0M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.843	+0.222%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.790	+0.164%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.730	+0.098%	$999K	$5.5M	10x	as long as short
Binance CRCLUSDT	+0.0051%	8h	91.930	+0.316%	$104.9M	$393.9M	50x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.850	+0.229%	$1.3M	$2.3M	10x	as long as short
Aster CRCLUSDT	+0.0059%	8h	91.909	+0.293%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0060%	8h	91.930	+0.316%	$21.8M	$60.3M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0074%	8h	91.825	+0.202%	$753	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.860	+0.240%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.980	+0.371%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.820	+0.196%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.890	+0.273%	$916	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.898	+0.282%	$4	—	10x	as long as short
Nado CRCL-PERPshort	+0.0153%	1h	91.774	+0.146%	$130K	$103K	3x
Lighter CRCL	+0.0200%	1h	91.979	+0.370%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.850	+0.229%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.500	+0.938%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0512%	1h	91.920	+0.306%	$4K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0811%	4h	91.882	+0.265%	$23K	$267K	10x	as long as short