CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0225%/8h= −24.7% APRnext payment −$0.28 per $10,000 · paid last 24h −0.035%

Price spread now: Extended against Nado+0.082%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Nado Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.337%−$34 · spread now +0.082%, 7d avg −0.010%

Together, before fees−0.446%+ Points / potential airdropNado: Active · Extended: Active · farm board−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.092% dearer against Nado than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.010%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 4 days (−0.109% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CRCL-PERP	91.131	0.0433	pay 0.0054% / 1h	6m 47s	$133K	$109K	3x
Short	Extended CRCL_24_5-USD	91.205	0.0208	get 0.0026% / 1h	6m 47s	$1.0M	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpFee ExtendedbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$47.31
Price spread: +0.082% → −0.010%: $9.15
Slippage, 4 orders: −$14.76
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$64.91
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from Nado: live order book, 31 min ago; Extended: live order book, 2 min ago.

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 Nado live order book, 31 min ago	2.18 bp	6.8 bp −$7	25.0 bp −$250	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.49 bp	5.2 bp −$5	19.2 bp −$192	doesn't fit	doesn't fit

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	−0.0355%	8h	91.300	+0.185%	$17.3M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0083%	1h	90.910	−0.242%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.280	+0.164%	$7.8M	$28.0M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.250	+0.131%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.235	+0.114%	$983K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.170	+0.042%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.180	+0.054%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.204	+0.080%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.150	+0.021%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0062%	8h	91.280	+0.164%	$14.8M	$26.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.170	+0.043%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.067%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0089%	1h	91.157	+0.029%	$67.2M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.239	+0.119%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.240	+0.120%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.120	−0.012%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.210	+0.087%	$909	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.228	+0.106%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0128%	8h	91.194	+0.069%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0152%	1h	91.209	+0.086%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0157%	8h	91.210	+0.086%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0195%	8h	91.277	+0.160%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USDshort	+0.0208%	1h	91.205	+0.082%	$1.0M	$5.0M	10x
Binance CRCLUSDT	+0.0211%	8h	91.240	+0.120%	$104.8M	$389.3M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.187	+0.061%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0250%	8h	91.217	+0.094%	$70K	$1.1M	10x	as long as short
Lighter CRCL	+0.0256%	1h	91.273	+0.156%	$2.9M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0285%	8h	91.280	+0.164%	$22.3M	$61.7M	50x	as long as short
BloFin CRCL-USDT	+0.0331%	8h	91.250	+0.131%	$1.1M	$1.7M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0408%	1h	91.190	+0.065%	$5K	$769K	10x	as long as short
Nado CRCL-PERPlong	+0.0433%	1h	91.131	long leg	$133K	$109K	3x
Injective CRCL/USDC PERP	+0.0440%	1h	91.740	+0.668%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.224	+0.103%	$412K	$268K	10x	as long as short
edgeX CRCLUSDC	+0.0810%	4h	91.207	+0.084%	$52K	$269K	10x	as long as short