CRCL

Alert

Funding spread now, next payment 00:00 UTC−0.0264%/8h

next payment, per $10,000−$2.64paid, last 24h+0.027%paid, last 7 days−0.069%to open and close $10k−$46

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.069% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.64 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	Bitget CRCLUSDT	94.600	0.0264	pay 0.0264% / 8h	7h 47m	$16.6M	$32.9M	25x
Short	Gate CRCL_USDT	94.530	0	get 0.0000% / 8h	7h 47m	$7.1M	$25.1M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersRate

Funding earned: −$55.44
Slippage, 4 orders: −$19.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$101.59
Break-even: never at this rate

Slippage from Bitget: live order book, 7 min ago; Gate: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.074%
Avg gap 7d: +0.006%

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 Bitget live order book, 7 min ago	1.60 bp	8.7 bp −$9	15.1 bp −$151	44.1 bp −$4,414	doesn't fit
Sell Gate live order book, 2 min ago	2.12 bp	15.0 bp −$15	37.3 bp −$373	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_USDTshort	0.0000%	8h	$7.1M	$25.1M	50x
Phemex CRCLUSDT	0.0000%	4h	$1.0M	$47K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	$792K	$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
tradeXYZ xyz:CRCL	+0.0050%	1h	$71.1M	$39.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	$356K	$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
Variational Omni CRCL	+0.0078%	8h	$2.2M	$2.9M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	$940K	$800K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0082%	8h	$720	$428	5x	as long as short
Bybit CRCLUSDT	+0.0093%	8h	$15.4M	$23.2M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	$76K	$98K	10x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	$69K	$8K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	$943	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0124%	1h	$405K	$343K	10x	as long as short
Aster CRCLUSDT	+0.0159%	8h	$1.1M	$4.6M	20x	as long as short
Binance CRCLUSDT	+0.0166%	8h	$106.6M	$350.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	$1.0M	$3.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0173%	1h	$4K	$802K	10x	as long as short
Lighter CRCL	+0.0192%	1h	$2.9M	$2.0M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0193%	8h	$22.7M	$55.5M	50x	as long as short
Phoenix CRCL	+0.0204%	1h	$28K	$92K	10x	as long as short
KuCoin CRCLUSDTM	+0.0233%	8h	$2.9M	$1.4M	20x	as long as short
edgeX CRCLUSDC	+0.0237%	4h	$24K	$265K	10x	as long as short
Bitget CRCLUSDTlong	+0.0264%	8h	$16.6M	$32.9M	25x
Aftermath Perps CRCLUSD	+0.0275%	1h	$2K	$13K	5x	as long as short
Nado CRCL-PERP	+0.0278%	1h	$132K	$78K	3x	as long as short
BloFin CRCL-USDT	+0.0285%	8h	$1.1M	$584K	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