CRCL

Alert

Funding spread now, next payment 15:00 UTC+0.0184%/8h

paid, last 24h+0.102%paid, last 3 days−0.002%to open and close $10k−$37

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.002% in total (about -0.2% 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	Bybit CRCLUSDT	95.090	0.0153	pay 0.0153% / 8h	1h 20m	$15.9M	$21.4M	50x
Short	RISEx CRCL/USDC	95.350	0.0336	get 0.0042% / 1h	20m 12s	$412K	$323K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee RISExbpOrdersRate

Funding earned: $38.59
Slippage, 4 orders: −$20.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: $1.16
Break-even: 6.8 days

Slippage from Bybit: live order book, 5 min ago; RISEx: live order book, 35 min ago.

Price risk

price view

Price gap now: +0.273%
Avg gap 7d: +0.004%

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	2.09 bp	10.4 bp −$10	26.4 bp −$264	100.0 bp −$9,998	doesn't fit
Sell RISEx live order book, 35 min ago	3.67 bp	6.7 bp −$7	8.6 bp −$86	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	$23.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.0M	$47K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	$866K	$2.4M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	$122K	$223K	10x	as long as short
QFEX CRCL-USD	+0.0042%	1h	$1.4M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	—	$35K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	$379K	$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	$5.6M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	$935K	$739K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	$89K	$89K	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	$948	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0109%	8h	$724	$428	5x	as long as short
Lighter CRCL	+0.0144%	1h	$2.9M	$1.9M	10x	as long as short
KuCoin CRCLUSDTM	+0.0151%	8h	$2.9M	$1.1M	20x	as long as short
Bybit CRCLUSDTlong	+0.0153%	8h	$15.9M	$21.4M	50x
Variational Omni CRCL	+0.0161%	8h	$2.4M	$2.7M	—	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0171%	1h	$1K	$799K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0182%	1h	$75.2M	$36.0M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0221%	8h	$22.6M	$50.7M	50x	as long as short
Nado CRCL-PERP	+0.0230%	1h	$130K	$78K	3x	as long as short
Bitget CRCLUSDT	+0.0239%	8h	$16.5M	$30.8M	25x	as long as short
Binance CRCLUSDT	+0.0244%	8h	$107.0M	$312.4M	50x	as long as short
Aster CRCLUSDT	+0.0245%	8h	$1.3M	$4.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0248%	1h	$1.0M	$3.1M	10x	as long as short
Phoenix CRCL	+0.0259%	1h	$28K	$68K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0333%	1h	$1K	$11K	5x	as long as short
RISEx CRCL/USDCshort	+0.0336%	1h	$412K	$323K	10x
BloFin CRCL-USDT	+0.0363%	8h	$1.1M	$499K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$105K	30x	as long as short
edgeX CRCLUSDC	+0.0917%	4h	$21K	$261K	10x	as long as short