CRCL

Alert

Funding spread now, next payment 18:00 UTC−0.0390%/8h

next payment, per $10,000−$0.49paid, last 24h−0.038%paid, last 4 days−0.014%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.014% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 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	Deribit CRCL_USDC-PERPETUAL	94.140	0.0494	pay 0.0062% / 1h	30m 25s	$4K	$802K	10x
Short	Aevo CRCL-PERP	94.203	0.0104	get 0.0013% / 1h	30m 25s	$4	—	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee AevobpOrdersRate

Funding earned: −$81.93
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$104.93
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 5 min ago; Aevo: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.067%
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 Deribit live order book, 5 min ago	5.83 bp	9.3 bp −$9	12.2 bp −$122	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	$25.8M	50x	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	$1.0M	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
Paradex CRCL-USD-PERP	+0.0090%	8h	$715	$428	5x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0096%	1h	$942K	$792K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni CRCL	+0.0097%	8h	$2.5M	$3.2M	—	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	$939	$3K	10x	as long as short
Aevo CRCL-PERPshort	+0.0104%	1h	$4	—	10x
Bybit CRCLUSDT	+0.0117%	8h	$15.7M	$23.5M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0130%	1h	$71.2M	$40.0M	10x	as long as short
RISEx CRCL/USDC	+0.0140%	1h	$407K	$316K	10x	as long as short
Aster CRCLUSDT	+0.0144%	8h	$1.1M	$4.6M	20x	as long as short
Extended CRCL_24_5-USD	+0.0160%	1h	$1.2M	$3.2M	10x	as long as short
Binance CRCLUSDT	+0.0162%	8h	$107.3M	$360.2M	50x	as long as short
OKX CRCL-USDT-SWAP	+0.0230%	8h	$22.7M	$56.3M	50x	as long as short
Phoenix CRCL	+0.0263%	1h	$28K	$92K	10x	as long as short
BloFin CRCL-USDT	+0.0283%	8h	$1.1M	$589K	20x	as long as short
KuCoin CRCLUSDTM	+0.0294%	8h	$2.9M	$1.5M	20x	as long as short
Lighter CRCL	+0.0296%	1h	$2.9M	$2.0M	10x	as long as short
Bitget CRCLUSDT	+0.0309%	8h	$16.8M	$33.2M	25x	as long as short
Nado CRCL-PERP	+0.0326%	1h	$131K	$67K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0359%	1h	$2K	$14K	5x	as long as short
edgeX CRCLUSDC	+0.0397%	4h	$24K	$266K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$58K	30x	as long as short
Deribit CRCL_USDC-PERPETUALlong	+0.0494%	1h	$4K	$802K	10x
Arcus CRCL-USD	+0.0586%	1h	$104K	$251K	10x	as long as short