CRCL

Alert

Funding spread now, next payment 19:00 UTC−0.0570%/8h

next payment, per $10,000−$0.71paid, last 24h−0.054%paid, last 4 days−0.029%to open and close $10k−$24

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.029% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.71 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	93.980	0.0602	pay 0.0075% / 1h	5m 30s	$4K	$802K	10x
Short	Lighter RH CRCL	93.975	0.0032	get 0.0004% / 1h	5m 30s	$799K	$2.7M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Lighter RHbpOrdersRate

Funding earned: −$119.69
Slippage, 4 orders: −$16.86
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$143.55
Break-even: never at this rate

Slippage from Deribit: live order book, 25 min ago; Lighter RH: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.005%
Avg gap 7d: +0.027%

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, 25 min ago	6.90 bp	10.4 bp −$10	12.0 bp −$120	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.17 bp	1.3 bp −$1	5.5 bp −$55	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	$26.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.0M	$46K	10x	as long as short
Lighter RH CRCLshort	+0.0032%	1h	$799K	$2.7M	10x
Vest CRCL-USD-PERP	+0.0034%	1h	—	$45K	25x	as long as short
Bybit CRCLUSDT	+0.0040%	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	$1.4M	$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	$107.1M	$371.4M	50x	as long as short
RISEx CRCL/USDC	+0.0163%	1h	$417K	$323K	10x	as long as short
KuCoin CRCLUSDTM	+0.0192%	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	+0.0252%	8h	$22.8M	$58.3M	50x	as long as short
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	+0.0330%	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
Deribit CRCL_USDC-PERPETUALlong	+0.0602%	1h	$4K	$802K	10x
Arcus CRCL-USD	+0.0651%	1h	$101K	$257K	10x	as long as short
edgeX CRCLUSDC	+0.0806%	4h	$24K	$266K	10x	as long as short