CRCL

Alert

Funding spread now, next payment 18:00 UTC−0.0020%/8h

next payment, per $10,000−$0.03paid, last 24h−0.013%paid, last 7 days−0.099%to open and closeno order book

Long on Coinbase International Short on Pacifica

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CRCL-PERP-INTX	93.920	0.0120	pay 0.0015% / 1h	0m 56s	$939K	$745K	10x
Short	Pacifica CRCL	93.969	0.0100	get 0.0013% / 1h	0m 56s	$75K	$95K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee PacificabpOrdersRate

Funding earned: −$4.2
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$22.2
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 44 min ago; Pacifica: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.052%
Avg gap 7d: —

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, 44 min ago	7.45 bp	12.4 bp −$12	16.3 bp −$163	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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 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	+0.0037%	1h	—	$45K	25x	as long as short
Bybit CRCLUSDT	+0.0049%	8h	$15.0M	$24.8M	50x	as long as short
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	$1.3M	$2.6M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex CRCL-USD-PERP	+0.0092%	8h	$714	$428	5x	as long as short
Pacifica CRCLshort	+0.0100%	1h	$75K	$95K	10x
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-INTXlong	+0.0120%	1h	$939K	$745K	10x
Aster CRCLUSDT	+0.0136%	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	+0.0153%	8h	$107.3M	$371.4M	50x	as long as short
RISEx CRCL/USDC	+0.0163%	1h	$417K	$323K	10x	as long as short
KuCoin CRCLUSDTM	+0.0189%	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-SWAP	+0.0258%	8h	$22.7M	$58.3M	50x	as long as short
BloFin CRCL-USDT	+0.0273%	8h	$1.1M	$567K	20x	as long as short
Lighter CRCL	+0.0312%	1h	$2.9M	$2.1M	10x	as long as short
Nado CRCL-PERP	+0.0334%	1h	$131K	$67K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0343%	1h	$2K	$16K	5x	as long as short
Bitget CRCLUSDT	+0.0381%	8h	$16.7M	$34.0M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$42K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0602%	1h	$4K	$802K	10x	as long as short
edgeX CRCLUSDC	+0.0615%	4h	$24K	$266K	10x	as long as short
Arcus CRCL-USD	+0.0651%	1h	$101K	$257K	10x	as long as short