Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.023%
Price spread now: Paradex against Binance−0.030%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.030% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CRCLUSDT | 91.350 | 0.0184 | pay 0.0184% / 8h | 33m 11s | $105.0M | $389.6M | 50x |
| Short | Paradex CRCL-USD-PERP | 91.322 | 0.0162 | get 0.0162% / 8h | 33m 11s | $420 | $905 | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.68
- Price spread: −0.030% → 0.000%
- −$3.03
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$21.71
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 10 min ago; Paradex: 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 Binance live order book, 10 min ago | 0.55 bp | 6.4 bp −$6 | 11.1 bp −$111 | 31.4 bp −$3,137 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | −0.0247% | 8h | 91.390 | +0.044% | $17.5M | $36.7M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0078% | 1h | 91.070 | −0.307% | — | $31K | 25x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.390 | +0.044% | $7.8M | $27.4M | 50x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.350 | 0.000% | $1.0M | $48K | 10x | as long as short |
| Bybit CRCLUSDT | +0.0028% | 8h | 91.350 | 0.000% | $14.8M | $26.5M | 50x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 91.361 | +0.012% | $981K | $2.6M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0037% | 1h | 91.432 | +0.090% | $2K | $28K | 5x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.440 | +0.099% | $97K | $296K | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.321 | −0.032% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.310 | −0.044% | $1.1M | $4.8M | 10x | as long as short |
Show all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CRCL-USD | +0.0071% | 1h | 91.320 | −0.033% | $1.3M | $1.8M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0088% | 1h | 91.400 | +0.055% | $890K | $402K | 10x | as long as short |
| Variational Omni CRCL | +0.0097% | 8h | 91.457 | +0.117% | $2.4M | $3.2M | — | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.330 | −0.022% | $134K | $159K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.340 | −0.011% | $2.7M | $1.7M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.200 | −0.164% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.320 | −0.033% | $910 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.357 | +0.008% | $4 | — | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0118% | 1h | 91.257 | −0.102% | $67.6M | $43.9M | 10x | as long as short |
| edgeX CRCLUSDC | +0.0124% | 4h | 91.531 | +0.199% | $52K | $275K | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0158% | 1h | 91.323 | −0.030% | $379K | $1.3M | 10x | as long as short |
| Paradex CRCL-USD-PERPshort | +0.0162% | 8h | 91.322 | −0.030% | $420 | $905 | 5x | |
| Aster CRCLUSDT | +0.0168% | 8h | 91.374 | +0.026% | $1.0M | $5.0M | 20x | as long as short |
| Extended CRCL_24_5-USD | +0.0184% | 1h | 91.325 | −0.027% | $1.0M | $5.0M | 10x | as long as short |
| Binance CRCLUSDTlong | +0.0184% | 8h | 91.350 | long leg | $105.0M | $389.6M | 50x | |
| Phoenix CRCL | +0.0227% | 1h | 91.689 | +0.371% | $27K | $74K | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0244% | 8h | 91.400 | +0.055% | $61K | $1.1M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0260% | 8h | 91.370 | +0.022% | $22.2M | $61.7M | 50x | as long as short |
| Lighter CRCL | +0.0264% | 1h | 91.360 | +0.011% | $2.9M | $2.4M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0304% | 8h | 91.320 | −0.033% | $1.1M | $1.7M | 20x | as long as short |
| Nado CRCL-PERP | +0.0426% | 1h | 91.265 | −0.093% | $134K | $109K | 3x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.010 | +0.722% | $5K | $19K | 30x | as long as short |
| RISEx CRCL/USDC | +0.0466% | 1h | 91.361 | +0.012% | $412K | $273K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0627% | 1h | 91.330 | −0.022% | $5K | $769K | 10x | as long as short |
Binance CRCLUSDT
Paradex CRCL-USD-PERP
Bitget CRCLUSDT
Gate CRCL_USDT
Phemex CRCLUSDT
Bybit CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
SoDEX CRCL-USD
Coinbase International CRCL-PERP-INTX
Variational Omni CRCL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
tradeXYZ xyz:CRCL
edgeX CRCLUSDC
Polymarket Perps CRCL-USD
Aster CRCLUSDT
Extended CRCL_24_5-USD
Phoenix CRCL
GRVT CRCL_USDT_Perp
OKX CRCL-USDT-SWAP
Lighter CRCL
BloFin CRCL-USDT
Injective CRCL/USDC PERP
RISEx CRCL/USDC
Deribit CRCL_USDC-PERPETUAL