CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.079%

Price spread now: SoDEX against Deribit−0.009%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CRCL_USDC-PERPETUAL	91.860	0.0186	pay 0.0023% / 1h	36m 54s	$4K	$769K	10x
Short	SoDEX CRCL-USD	91.852	0.0050	get 0.0006% / 1h	36m 54s	$46K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee SoDEXbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$28.48
Price spread: −0.009% → 0.000%: −$0.87
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$44.35
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 32 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 32 min ago	0.53 bp	5.1 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CRCLUSDT	−0.0319%	8h	92.060	+0.218%	$16.0M	$35.4M	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.650	−0.229%	$912K	$584K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.040	+0.196%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.947	+0.095%	$420K	$300K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.090	+0.250%	$7.2M	$26.4M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.790	−0.076%	$61K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.860	0.000%	$1.0M	$49K	10x	as long as short
Variational Omni CRCL	+0.0004%	8h	91.891	+0.033%	$2.5M	$3.2M	—	as long as short
Vest CRCL-USD-PERP	+0.0005%	1h	91.710	−0.163%	—	$37K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0026%	1h	91.985	+0.136%	$2K	$22K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	91.908	+0.052%	$977K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.870	+0.011%	$93K	$272K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.944	+0.091%	$69.3M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.919	+0.064%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USDshort	+0.0050%	1h	91.852	−0.009%	$46K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.760	−0.109%	$1.0M	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.930	+0.076%	$1.3M	$2.4M	10x	as long as short
Binance CRCLUSDT	+0.0078%	8h	92.034	+0.190%	$105.0M	$393.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	91.994	+0.146%	$1.1M	$5.7M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0081%	8h	92.030	+0.185%	$21.7M	$60.3M	50x	as long as short
Aster CRCLUSDT	+0.0082%	8h	91.942	+0.089%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0084%	8h	91.949	+0.097%	$754	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.960	+0.109%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.990	+0.142%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.780	−0.087%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.850	−0.011%	$916	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.861	+0.001%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0181%	1h	91.942	+0.090%	$131K	$103K	3x	as long as short
Deribit CRCL_USDC-PERPETUALlong	+0.0186%	1h	91.860	long leg	$4K	$769K	10x
Lighter CRCL	+0.0192%	1h	91.940	+0.087%	$3.0M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	+0.512%	$1.1M	$1.1M	20x	as long as short
Phoenix CRCL	+0.0231%	1h	91.730	−0.142%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.270	+0.446%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0565%	4h	91.735	−0.136%	$23K	$267K	10x	as long as short