CRCL

Alert

Funding spread now, next payment 19:00 UTC−0.0279%/8h

next payment, per $10,000−$0.35paid, last 24h−0.052%paid, last 3 days−0.024%to open and close $10k−$26

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.024% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 per $10,000. 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	Nado CRCL-PERP	93.878	0.0329	pay 0.0041% / 1h	6m 22s	$131K	$67K	3x
Short	Polymarket Perps CRCL-USD	93.946	0.0050	get 0.0006% / 1h	6m 22s	$354K	$1.0M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee Polymarket PerpsbpOrdersRate

Funding earned: −$58.51
Slippage, 4 orders: −$11.33
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$84.83
Break-even: never at this rate

Slippage from Nado: live order book, 27 min ago; Polymarket Perps: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.072%
Avg gap 7d: −0.012%

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 Nado live order book, 27 min ago	1.59 bp	6.8 bp −$7	18.8 bp −$188	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.07 bp	6.3 bp −$6	8.2 bp −$82	10.3 bp −$1,032	doesn't fit

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	$7.1M	$26.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.0M	$46K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	$799K	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0033%	1h	—	$45K	25x	as long as short
Bybit CRCLUSDT	+0.0038%	8h	$15.0M	$24.8M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	$70.6M	$41.0M	10x	as long as short
Polymarket Perps CRCL-USDshort	+0.0050%	1h	$354K	$1.0M	10x
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
QFEX CRCL-USD	+0.0067%	1h	$1.4M	$2.6M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex CRCL-USD-PERP	+0.0089%	8h	$714	$428	5x	as long as short
Pacifica CRCL	+0.0100%	1h	$75K	$95K	10x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	$937	$3K	10x	as long as short
Variational Omni CRCL	+0.0104%	8h	$2.5M	$3.2M	—	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0120%	1h	$939K	$745K	10x	as long as short
Aster CRCLUSDT	+0.0140%	8h	$1.1M	$4.6M	20x	as long as short
Binance CRCLUSDT	+0.0154%	8h	$107.1M	$371.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0160%	1h	$1.2M	$3.5M	10x	as long as short
RISEx CRCL/USDC	+0.0163%	1h	$417K	$323K	10x	as long as short
KuCoin CRCLUSDTM	+0.0192%	8h	$2.9M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0248%	1h	$28K	$92K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0249%	8h	$22.7M	$58.3M	50x	as long as short
BloFin CRCL-USDT	+0.0277%	8h	$1.1M	$566K	20x	as long as short
Lighter CRCL	+0.0304%	1h	$2.9M	$2.1M	10x	as long as short
Nado CRCL-PERPlong	+0.0329%	1h	$131K	$67K	3x
Aftermath Perps CRCLUSD	+0.0341%	1h	$2K	$16K	5x	as long as short
Bitget CRCLUSDT	+0.0373%	8h	$16.7M	$34.0M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$42K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0602%	1h	$4K	$802K	10x	as long as short
Arcus CRCL-USD	+0.0651%	1h	$101K	$257K	10x	as long as short
edgeX CRCLUSDC	+0.0915%	4h	$24K	$265K	10x	as long as short