CRCL

Alert

Funding spread now, next payment 17:00 UTC+0.0204%/8h

paid, last 24h−0.026%paid, last 7 days+0.035%to open and close $10k−$44

Long on Coinbase International Short on Bitget

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% 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	Coinbase International CRCL-PERP-INTX	94.100	0.0096	pay 0.0012% / 1h	48m 44s	$936K	$788K	10x
Short	Bitget CRCLUSDT	94.210	0.0300	get 0.0300% / 8h	6h 48m	$16.9M	$33.1M	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BitgetbpOrdersRate

Funding earned: $42.84
Slippage, 4 orders: −$22.47
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1.63
Break-even: 7.3 days

Slippage from Coinbase International: live order book, 1 min ago; Bitget: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.117%
Avg gap 7d: +0.063%

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 Coinbase International live order book, 1 min ago	6.37 bp	11.4 bp −$11	13.5 bp −$135	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.12 bp	10.1 bp −$10	15.5 bp −$155	51.8 bp −$5,180	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	$25.6M	50x	as long as short
Deribit CRCL_USDC-PERPETUAL	0.0000%	1h	$4K	$802K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.0M	$45K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	$793K	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	$355K	$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
QFEX CRCL-USD	+0.0067%	1h	$1.4M	$2.6M	10x	as long as short
Variational Omni CRCL	+0.0080%	8h	$2.5M	$3.2M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex CRCL-USD-PERP	+0.0087%	8h	$716	$428	5x	as long as short
Coinbase International CRCL-PERP-INTXlong	+0.0096%	1h	$936K	$788K	10x
Pacifica CRCL	+0.0100%	1h	$75K	$96K	10x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	$69K	$7K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0134%	8h	$1.1M	$4.6M	20x	as long as short
RISEx CRCL/USDC	+0.0140%	1h	$407K	$316K	10x	as long as short
Bybit CRCLUSDT	+0.0143%	8h	$15.6M	$23.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0152%	1h	$1.1M	$3.2M	10x	as long as short
Binance CRCLUSDT	+0.0153%	8h	$107.4M	$358.6M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0162%	1h	$71.2M	$40.3M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0222%	8h	$22.7M	$56.2M	50x	as long as short
Phoenix CRCL	+0.0263%	1h	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0272%	1h	$2.9M	$2.0M	10x	as long as short
BloFin CRCL-USDT	+0.0273%	8h	$1.1M	$588K	20x	as long as short
Bitget CRCLUSDTshort	+0.0300%	8h	$16.9M	$33.1M	25x
KuCoin CRCLUSDTM	+0.0301%	8h	$2.9M	$1.4M	20x	as long as short
Nado CRCL-PERP	+0.0348%	1h	$131K	$66K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0354%	1h	$2K	$14K	5x	as long as short
edgeX CRCLUSDC	+0.0395%	4h	$24K	$265K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$58K	30x	as long as short
Arcus CRCL-USD	+0.0586%	1h	$104K	$251K	10x	as long as short