CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0141%/8h= +15.4% APRnext payment +$0.18 per $10,000 · paid last 24h +0.030%

Price spread now: Phoenix against Aevo−0.024%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.024% cheaper against Aevo than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo CRCL-PERP	91.396	0.0104	pay 0.0013% / 1h	51m 20s	$4	—	10x
Short	Phoenix CRCL	91.374	0.0245	get 0.0031% / 1h	51m 20s	$27K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aevo. 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 AevobpFee PhoenixbpOrdersPrice spread, now −0.024%Rate

Funding earned: $29.52
Price spread: −0.024% → 0.000%: −$2.41
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $4.1
Costs to cover: 0.230%
Break-even: 6.0 days

Slippage unknown: Aevo: no order-book sample; 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 Aevo no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Aevo and 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
Bitget CRCLUSDT	−0.0737%	8h	91.460	+0.070%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0083%	1h	91.110	−0.313%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.410	+0.015%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.450	+0.059%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.489	+0.102%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.430	+0.037%	$1.0M	$48K	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.400	+0.004%	$93K	$289K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	91.369	−0.030%	$2K	$27K	5x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.375	−0.023%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.290	−0.116%	$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	+0.081%	$891K	$605K	10x	as long as short
Aster CRCLUSDT	+0.0066%	8h	91.411	+0.016%	$1.0M	$5.1M	20x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.360	−0.039%	$1.3M	$1.8M	10x	as long as short
Binance CRCLUSDT	+0.0080%	8h	91.394	−0.002%	$104.5M	$397.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	91.375	−0.022%	$1.0M	$5.7M	10x	as long as short
Lighter RH CRCL	+0.0088%	1h	91.385	−0.012%	$976K	$2.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.330	−0.072%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.400	+0.004%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.330	−0.072%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.380	−0.018%	$911	$2K	10x	as long as short
Aevo CRCL-PERPlong	+0.0104%	1h	91.396	long leg	$4	—	10x
Paradex CRCL-USD-PERP	+0.0167%	8h	91.347	−0.053%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0173%	8h	91.430	+0.037%	$65K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0177%	8h	91.420	+0.026%	$22.2M	$62.6M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0182%	1h	91.340	−0.061%	$67.7M	$44.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0190%	1h	91.373	−0.025%	$383K	$1.3M	10x	as long as short
BloFin CRCL-USDT	+0.0197%	8h	91.390	−0.007%	$1.1M	$1.6M	20x	as long as short
edgeX CRCLUSDC	+0.0226%	4h	91.425	+0.031%	$52K	$277K	10x	as long as short
Phoenix CRCLshort	+0.0245%	1h	91.374	−0.024%	$27K	$82K	10x
RISEx CRCL/USDC	+0.0271%	1h	91.375	−0.023%	$416K	$271K	10x	as long as short
Lighter CRCL	+0.0368%	1h	91.393	−0.003%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.930	+0.584%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0447%	1h	91.295	−0.111%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0736%	1h	91.370	−0.028%	$5K	$769K	10x	as long as short