CRCL

Alert

Funding spread now, next payment 17:00 UTC+0.0428%/8h

paid, last 24h+0.047%paid, last 4 days−0.115%to open and close $10k−$36

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.115% in total (about -9.7% a year). A funding rate is set anew for every payment. 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	Aster CRCLUSDT	94.810	0.0166	pay 0.0166% / 8h	7h 40m	$1.1M	$4.6M	20x
Short	Deribit CRCL_USDC-PERPETUAL	94.850	0.0594	get 0.0074% / 1h	40m 50s	$4K	$802K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee DeribitbpOrdersRate

Funding earned: $89.91
Slippage, 4 orders: −$21.22
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $53.69
Break-even: 2.8 days

Slippage from Aster: live order book, 4 min ago; Deribit: live order book, 65 min ago.

Price risk

price view

Price gap now: +0.042%
Avg gap 7d: −0.032%

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 Aster live order book, 4 min ago	2.12 bp	8.5 bp −$9	22.6 bp −$226	doesn't fit	doesn't fit
Sell Deribit live order book, 65 min ago	6.31 bp	9.8 bp −$10	13.7 bp −$137	doesn't fit	doesn't fit

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	$25.3M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.0M	$45K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	$796K	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0038%	1h	—	$45K	25x	as long as short
QFEX CRCL-USD	+0.0049%	1h	$1.4M	$2.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	$1.1M	$5.7M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0058%	1h	$71.3M	$40.0M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	$941K	$798K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex CRCL-USD-PERP	+0.0085%	8h	$720	$428	5x	as long as short
Variational Omni CRCL	+0.0094%	8h	$2.2M	$2.9M	—	as long as short
Pacifica CRCL	+0.0100%	1h	$76K	$98K	10x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	$70K	$7K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	$946	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
Bybit CRCLUSDT	+0.0116%	8h	$15.5M	$23.3M	50x	as long as short
RISEx CRCL/USDC	+0.0124%	1h	$405K	$336K	10x	as long as short
Aster CRCLUSDTlong	+0.0166%	8h	$1.1M	$4.6M	20x
Binance CRCLUSDT	+0.0173%	8h	$107.2M	$351.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0176%	1h	$1.0M	$3.1M	10x	as long as short
Phoenix CRCL	+0.0204%	1h	$28K	$92K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0206%	8h	$22.8M	$55.8M	50x	as long as short
KuCoin CRCLUSDTM	+0.0239%	8h	$2.9M	$1.4M	20x	as long as short
Lighter CRCL	+0.0256%	1h	$2.9M	$2.0M	10x	as long as short
Bitget CRCLUSDT	+0.0269%	8h	$16.7M	$33.0M	25x	as long as short
Nado CRCL-PERP	+0.0288%	1h	$132K	$78K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0293%	1h	$2K	$13K	5x	as long as short
BloFin CRCL-USDT	+0.0293%	8h	$1.1M	$586K	20x	as long as short
Arcus CRCL-USD	+0.0427%	1h	$106K	$250K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$76K	30x	as long as short
edgeX CRCLUSDC	+0.0475%	4h	$24K	$264K	10x	as long as short
Deribit CRCL_USDC-PERPETUALshort	+0.0594%	1h	$4K	$802K	10x