CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0390%/8h= −42.7% APRnext payment −$0.49 per $10,000 · paid last 24h −0.105%

Price spread now: tradeXYZ against Injective−0.408%94s7-day average — · you buy dearer than you sell

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

Long on Injective Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.667%−$67 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and tradeXYZ is 0.408% cheaper against Injective than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 94 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	92.130	0.0440	pay 0.0055% / 1h	23m 34s	$5K	$19K	30x
Short	tradeXYZ xyz:CRCL	91.754	0.0050	get 0.0006% / 1h	23m 34s	$68.6M	$41.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Injective. 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 InjectivebpFee tradeXYZbpOrdersPrice spread, now −0.408%Rate

Funding earned: −$81.9
Price spread: −0.408% → 0.000%: −$40.81
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$140.73
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 5 min ago. 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 no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 5 min ago	1.36 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit

Injective: 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	−0.1299%	8h	91.830	−0.326%	$15.9M	$34.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0077%	1h	91.520	−0.662%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.470	−0.716%	$903K	$518K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.781	−0.378%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.760	−0.402%	$104.6M	$384.9M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.810	−0.347%	$15.1M	$25.7M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.809	−0.348%	$419K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.820	−0.336%	$7.1M	$26.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.576	−0.601%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.605	−0.570%	$65K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.730	−0.434%	$1.0M	$49K	10x	as long as short
Aster CRCLUSDT	+0.0001%	8h	91.749	−0.414%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0006%	8h	91.770	−0.391%	$21.6M	$59.4M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0019%	1h	91.624	−0.549%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.810	−0.347%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.824	−0.332%	$975K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.640	−0.532%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCLshort	+0.0050%	1h	91.754	−0.408%	$68.6M	$41.2M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	91.730	−0.434%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.698	−0.469%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.550	−0.630%	$974K	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0071%	8h	91.819	−0.338%	$753	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.770	−0.391%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.710	−0.456%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.600	−0.575%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.700	−0.467%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.738	−0.426%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.670	−0.499%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0183%	1h	91.546	−0.634%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0194%	1h	91.764	−0.398%	$131K	$104K	3x	as long as short
Lighter CRCL	+0.0224%	1h	91.831	−0.325%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0300%	4h	91.627	−0.546%	$23K	$248K	10x	as long as short
Injective CRCL/USDC PERPlong	+0.0440%	1h	92.130	long leg	$5K	$19K	30x
Deribit CRCL_USDC-PERPETUAL	+0.0514%	1h	91.750	−0.412%	$4K	$767K	10x	as long as short