CRCL

Alert

Funding spread now, next payment 19:00 UTC−0.0601%/8h

next payment, per $10,000−$0.75paid, last 24h+0.001%paid, last 3 days+0.057%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.057% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CRCL-USD	93.970	0.0651	pay 0.0081% / 1h	7m 32s	$101K	$257K	10x
Short	Ondo Perps CRCL-USD.P	93.920	0.0050	get 0.0006% / 1h	7m 32s	$1.1M	$5.7M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee Ondo PerpsbpOrdersRate

Funding earned: −$126.17
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$135.67
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 27 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.053%
Avg gap 7d: −0.035%

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 Arcus live order book, 27 min ago	2.66 bp	9.4 bp −$9	10.1 bp −$101	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	$26.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.0M	$46K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	$799K	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0032%	1h	—	$45K	25x	as long as short
Bybit CRCLUSDT	+0.0038%	8h	$15.0M	$24.8M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	$70.6M	$41.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	$354K	$1.0M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Pshort	+0.0050%	1h	$1.1M	$5.7M	10x
QFEX CRCL-USD	+0.0067%	1h	$1.3M	$2.6M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex CRCL-USD-PERP	+0.0089%	8h	$714	$428	5x	as long as short
Pacifica CRCL	+0.0100%	1h	$75K	$95K	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	$938	$3K	10x	as long as short
Variational Omni CRCL	+0.0104%	8h	$2.5M	$3.2M	—	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0120%	1h	$941K	$747K	10x	as long as short
Aster CRCLUSDT	+0.0143%	8h	$1.1M	$4.6M	20x	as long as short
Binance CRCLUSDT	+0.0157%	8h	$107.1M	$371.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0160%	1h	$1.2M	$3.5M	10x	as long as short
RISEx CRCL/USDC	+0.0163%	1h	$417K	$323K	10x	as long as short
KuCoin CRCLUSDTM	+0.0197%	8h	$2.9M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0248%	1h	$28K	$92K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0249%	8h	$22.8M	$58.3M	50x	as long as short
BloFin CRCL-USDT	+0.0279%	8h	$1.1M	$568K	20x	as long as short
Lighter CRCL	+0.0296%	1h	$2.9M	$2.1M	10x	as long as short
Nado CRCL-PERP	+0.0326%	1h	$131K	$67K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0340%	1h	$2K	$16K	5x	as long as short
Bitget CRCLUSDT	+0.0372%	8h	$16.6M	$34.0M	25x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0389%	1h	$4K	$802K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$42K	30x	as long as short
Arcus CRCL-USDlong	+0.0651%	1h	$101K	$257K	10x
edgeX CRCLUSDC	+0.0915%	4h	$24K	$265K	10x	as long as short