Funding you earn now, next payment 10:00 UTC−0.0390%/8h= −42.7% APRnext payment −$0.49 per $10,000 · paid last 24h −0.117%
Price spread now: Ondo Perps against Injective+0.500%101s7-day average −1.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.746%−$75 on $10k
+Price spread, last 4 days (all we have)−0.924%−$92 · spread now +0.500%, 7d avg −1.026%
=Together, before fees−1.670%+ Points / potential airdropOndo Perps: Active · farm board−$167 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 1.525% dearer against Injective than usual: you sell high and buy low (spread +0.500% now, against its 7-day average of −1.026%): +$153 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 13 days. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CRCL/USDC PERP | 92.090 | 0.0440 | pay 0.0055% / 1h | 11m 19s | $38K | $172K | 30x |
| Short | Ondo Perps CRCL-USD.P | 92.550 | 0.0050 | get 0.0006% / 1h | 11m 19s | $1.1M | $3.8M | 10x |
Injective CRCL/USDC PERP
Ondo Perps CRCL-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$81.82
- Price spread: +0.500% → −1.026%
- $152.5
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $65.67
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 40 min ago; Ondo Perps: 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 Injective live order book, 40 min ago | 21.77 bp | 57.5 bp −$57 | 62.9 bp −$629 | 78364.0 bp −$7.84M | 431819.7 bp −$215.91M |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | −0.0021% | 1h | 92.350 | +0.282% | — | $30K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.620 | +0.576% | $15.0M | $25.1M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 92.650 | +0.608% | $18.1M | $33.8M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.620 | +0.576% | $1.0M | $45K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0008% | 1h | 92.490 | +0.434% | $856K | $700K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 92.631 | +0.587% | $1.0M | $2.5M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0040% | 1h | 92.510 | +0.456% | $2K | $29K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 92.555 | +0.505% | $67.7M | $40.7M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.615 | +0.570% | $380K | $850K | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 92.635 | +0.592% | $46K | $3K | 10x | as long as short |
Vest CRCL-USD-PERP
Bybit CRCLUSDT
Bitget CRCLUSDT
Phemex CRCLUSDT
Coinbase International CRCL-PERP-INTX
Lighter RH CRCL
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.Pshort | +0.0050% | 1h | 92.550 | +0.500% | $1.1M | $3.8M | 10x | |
| Gate CRCL_USDT | +0.0075% | 8h | 92.660 | +0.619% | $7.4M | $25.9M | 50x | as long as short |
| QFEX CRCL-USD | +0.0080% | 1h | 92.520 | +0.467% | $1.3M | $1.6M | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.610 | +0.565% | $139K | $141K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.550 | +0.500% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 92.550 | +0.500% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.590 | +0.543% | $923 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.668 | +0.627% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0110% | 8h | 92.621 | +0.576% | $426 | $477 | 5x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0182% | 1h | 92.620 | +0.576% | $5K | $470K | 10x | as long as short |
| Phoenix CRCL | +0.0199% | 1h | 92.631 | +0.587% | $27K | $66K | 10x | as long as short |
| Lighter CRCL | +0.0248% | 1h | 92.673 | +0.633% | $3.0M | $2.1M | 10x | as long as short |
| Variational Omni CRCL | +0.0281% | 8h | 92.555 | +0.505% | $2.5M | $3.3M | — | as long as short |
| Nado CRCL-PERP | +0.0312% | 1h | 92.585 | +0.537% | $151K | $112K | 3x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0328% | 8h | 92.620 | +0.576% | $22.8M | $57.0M | 50x | as long as short |
| Aster CRCLUSDT | +0.0357% | 8h | 92.560 | +0.510% | $1.1M | $4.5M | 20x | as long as short |
| Extended CRCL_24_5-USD | +0.0360% | 1h | 92.610 | +0.565% | $1.1M | $4.0M | 10x | as long as short |
| Binance CRCLUSDT | +0.0364% | 8h | 92.600 | +0.554% | $107.1M | $358.3M | 50x | as long as short |
| Arcus CRCL-USD | +0.0368% | 1h | 92.590 | +0.543% | $93K | $229K | 10x | as long as short |
| Injective CRCL/USDC PERPlong | +0.0440% | 1h | 92.090 | long leg | $38K | $172K | 30x | |
| edgeX CRCLUSDC | +0.0473% | 4h | 92.559 | +0.509% | $53K | $270K | 10x | as long as short |
| RISEx CRCL/USDC | +0.0479% | 1h | 92.640 | +0.597% | $411K | $241K | 10x | as long as short |
| BloFin CRCL-USDT | +0.0482% | 8h | 92.600 | +0.554% | $1.1M | $1.7M | 20x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0743% | 8h | 92.626 | +0.582% | $70K | $1.0M | 10x | as long as short |
Gate CRCL_USDT
QFEX CRCL-USD
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Deribit CRCL_USDC-PERPETUAL
Phoenix CRCL
Lighter CRCL
Variational Omni CRCL
Nado CRCL-PERP
OKX CRCL-USDT-SWAP
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
Arcus CRCL-USD
edgeX CRCLUSDC
RISEx CRCL/USDC
BloFin CRCL-USDT
GRVT CRCL_USDT_Perp