CRCL

Alert

Funding spread now, next payment 00:00 UTC+0.0212%/8h

next payment, per $10,000+$2.12paid, last 24h+0.004%paid, last 7 days−0.018%to open and close $10k−$38

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.12 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	Bybit CRCLUSDT	93.980	0.0040	pay 0.0040% / 8h	5h 05m	$15.0M	$24.8M	50x
Short	OKX CRCL-USDT-SWAP	93.990	0.0252	get 0.0252% / 8h	5h 05m	$22.8M	$58.3M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersRate

Funding earned: $44.51
Slippage, 4 orders: −$17.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: $6.3
Break-even: 6.0 days

Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.011%
Avg gap 7d: −0.019%

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 Bybit live order book, 5 min ago	2.12 bp	10.4 bp −$10	17.8 bp −$178	86.9 bp −$8,695	doesn't fit
Sell OKX live order book, 5 min ago	0.53 bp	7.3 bp −$7	14.2 bp −$142	154.1 bp −$15.4K	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	$26.6M	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	+0.0034%	1h	—	$45K	25x	as long as short
Bybit CRCLUSDTlong	+0.0040%	8h	$15.0M	$24.8M	50x
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.P	+0.0050%	1h	$1.1M	$5.7M	10x	as long as short
QFEX CRCL-USD	+0.0067%	1h	$1.4M	$2.6M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex CRCL-USD-PERP	+0.0090%	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	$937	$3K	10x	as long as short
Variational Omni CRCL	+0.0103%	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	$940K	$746K	10x	as long as short
Aster CRCLUSDT	+0.0137%	8h	$1.1M	$4.6M	20x	as long as short
Extended CRCL_24_5-USD	+0.0152%	1h	$1.2M	$3.5M	10x	as long as short
Binance CRCLUSDT	+0.0152%	8h	$107.0M	$371.4M	50x	as long as short
RISEx CRCL/USDC	+0.0163%	1h	$417K	$323K	10x	as long as short
KuCoin CRCLUSDTM	+0.0191%	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-SWAPshort	+0.0252%	8h	$22.8M	$58.3M	50x
BloFin CRCL-USDT	+0.0277%	8h	$1.1M	$566K	20x	as long as short
Lighter CRCL	+0.0304%	1h	$2.9M	$2.1M	10x	as long as short
Nado CRCL-PERP	+0.0331%	1h	$131K	$67K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0341%	1h	$2K	$16K	5x	as long as short
Bitget CRCLUSDT	+0.0374%	8h	$16.7M	$34.0M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$42K	30x	as long as short
Arcus CRCL-USD	+0.0651%	1h	$101K	$257K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0709%	1h	$4K	$802K	10x	as long as short
edgeX CRCLUSDC	+0.0806%	4h	$24K	$266K	10x	as long as short