CRCL

Alert

Funding spread now, next payment 17:00 UTC−0.0298%/8h

paid, last 24h−0.018%paid, last 3 days+0.088%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.088% in total (about 9.6% 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	Deribit CRCL_USDC-PERPETUAL	94.400	0.0386	pay 0.0048% / 1h	11m 00s	$4K	$801K	10x
Short	Paradex CRCL-USD-PERP	94.381	0.0088	get 0.0088% / 8h	7h 11m	$717	$428	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee ParadexbpOrdersRate

Funding earned: −$62.49
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$73.49
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 29 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.021%
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, 29 min ago	7.38 bp	10.9 bp −$11	14.4 bp −$144	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	$7.2M	$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	$795K	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	—	$45K	25x	as long as short
QFEX CRCL-USD	+0.0049%	1h	$1.4M	$2.6M	10x	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
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	$938K	$791K	10x	as long as short
Paradex CRCL-USD-PERPshort	+0.0088%	8h	$717	$428	5x

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni CRCL	+0.0090%	8h	$2.2M	$2.9M	—	as long as short
Pacifica CRCL	+0.0100%	1h	$76K	$98K	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	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
Bybit CRCLUSDT	+0.0107%	8h	$15.5M	$23.2M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0115%	1h	$71.3M	$40.3M	10x	as long as short
RISEx CRCL/USDC	+0.0124%	1h	$407K	$324K	10x	as long as short
Aster CRCLUSDT	+0.0151%	8h	$1.1M	$4.6M	20x	as long as short
Binance CRCLUSDT	+0.0167%	8h	$106.7M	$355.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	$1.1M	$3.1M	10x	as long as short
Phoenix CRCL	+0.0204%	1h	$28K	$92K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0215%	8h	$22.7M	$56.1M	50x	as long as short
KuCoin CRCLUSDTM	+0.0269%	8h	$2.9M	$1.4M	20x	as long as short
Bitget CRCLUSDT	+0.0286%	8h	$16.9M	$33.1M	25x	as long as short
BloFin CRCL-USDT	+0.0287%	8h	$1.1M	$590K	20x	as long as short
Lighter CRCL	+0.0296%	1h	$2.9M	$2.0M	10x	as long as short
Nado CRCL-PERP	+0.0334%	1h	$131K	$78K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0343%	1h	$2K	$13K	5x	as long as short
Deribit CRCL_USDC-PERPETUALlong	+0.0386%	1h	$4K	$801K	10x
Arcus CRCL-USD	+0.0427%	1h	$105K	$250K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$76K	30x	as long as short
edgeX CRCLUSDC	+0.0546%	4h	$24K	$264K	10x	as long as short