CRCL

Alert

Funding spread now, next payment 18:00 UTC+0.0177%/8h

next payment, per $10,000+$0.22paid, last 24h+0.038%paid, last 4 days+0.014%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo CRCL-PERP	94.221	0.0104	pay 0.0013% / 1h	43m 20s	$4	—	10x
Short	Deribit CRCL_USDC-PERPETUAL	94.190	0.0281	get 0.0035% / 1h	43m 20s	$4K	$802K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AevobpFee DeribitbpOrdersRate

Funding earned: $37.2
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $14.2
Break-even: 4.3 days

Slippage unknown: Aevo: no order-book sample; Deribit: live order book, 57 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.033%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aevo no order-book sample	—	—	—	—	—
Sell Deribit live order book, 57 min ago	7.38 bp	11.9 bp −$12	17.1 bp −$171	doesn't fit	doesn't fit

Aevo: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate CRCL_USDT	0.0000%	8h	$7.1M	$25.7M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.0M	$45K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	$793K	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	$1.1M	$5.7M	10x	as long as short
QFEX CRCL-USD	+0.0067%	1h	$1.4M	$2.6M	10x	as long as short
Variational Omni CRCL	+0.0083%	8h	$2.5M	$3.2M	—	as long as short
Paradex CRCL-USD-PERP	+0.0085%	8h	$716	$428	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0096%	1h	$936K	$788K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	$75K	$96K	10x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	$939	$3K	10x	as long as short
Bybit CRCLUSDT	+0.0101%	8h	$15.7M	$23.4M	50x	as long as short
Aevo CRCL-PERPlong	+0.0104%	1h	$4	—	10x
Aster CRCLUSDT	+0.0134%	8h	$1.1M	$4.6M	20x	as long as short
RISEx CRCL/USDC	+0.0140%	1h	$407K	$316K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0146%	1h	$71.2M	$40.3M	10x	as long as short
Extended CRCL_24_5-USD	+0.0152%	1h	$1.1M	$3.2M	10x	as long as short
Binance CRCLUSDT	+0.0153%	8h	$107.2M	$359.0M	50x	as long as short
OKX CRCL-USDT-SWAP	+0.0220%	8h	$22.7M	$56.3M	50x	as long as short
Phoenix CRCL	+0.0263%	1h	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0272%	1h	$2.9M	$2.0M	10x	as long as short
BloFin CRCL-USDT	+0.0273%	8h	$1.1M	$589K	20x	as long as short
Deribit CRCL_USDC-PERPETUALshort	+0.0281%	1h	$4K	$802K	10x
KuCoin CRCLUSDTM	+0.0299%	8h	$2.9M	$1.4M	20x	as long as short
Bitget CRCLUSDT	+0.0304%	8h	$16.9M	$33.2M	25x	as long as short
Nado CRCL-PERP	+0.0334%	1h	$132K	$66K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0353%	1h	$2K	$14K	5x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$58K	30x	as long as short
Arcus CRCL-USD	+0.0586%	1h	$104K	$251K	10x	as long as short
edgeX CRCLUSDC	+0.0976%	4h	$24K	$266K	10x	as long as short