Funding you earn now, next payment 02:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.063%
Price spread now: Arcus against Ondo Perps+0.163%7-day average +0.042% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.045%+$4 on $10k
+Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.163%, 7d avg +0.042%
=Together, before fees−0.127%+ Points / potential airdropOndo Perps: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.121% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.163% now, against its 7-day average of +0.042%): +$12 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 40 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps CRCL-USD.P | 91.850 | 0.0050 | pay 0.0006% / 1h | 33m 45s | $1.0M | $5.5M | 10x |
| Short | Arcus CRCL-USD | 92.000 | 0.0040 | get 0.0005% / 1h | 33m 45s | $93K | $272K | 10x |
Ondo Perps CRCL-USD.P
Arcus CRCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Ondo Perps. 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
- −$2.13
- Price spread: +0.163% → +0.042%
- $12.12
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $0.49
- Costs to cover
- 0.095%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 35 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 35 min ago | 3.19 bp | 10.1 bp −$10 | 14.3 bp −$143 | doesn't fit | doesn't fit |
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 33 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 | −0.0424% | 8h | 92.120 | +0.294% | $16.0M | $35.3M | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.0008% | 1h | 91.990 | +0.152% | $916K | $583K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.0002% | 1h | 91.870 | +0.022% | — | $37K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.010 | +0.174% | $15.0M | $25.8M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 92.124 | +0.298% | $421K | $299K | 10x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 92.070 | +0.240% | $7.2M | $26.4M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 92.051 | +0.219% | $2.4M | $3.2M | — | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 91.790 | −0.065% | $61K | $1.1M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | 0.0000% | 1h | 92.050 | +0.218% | $4K | $769K | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.060 | +0.229% | $1.0M | $49K | 10x | as long as short |
Bitget CRCLUSDT
Coinbase International CRCL-PERP-INTX
Vest CRCL-USD-PERP
Bybit CRCLUSDT
RISEx CRCL/USDC
Gate CRCL_USDT
Variational Omni CRCL
GRVT CRCL_USDT_Perp
Deribit CRCL_USDC-PERPETUAL
Phemex CRCLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CRCLUSD | +0.0026% | 1h | 92.041 | +0.208% | $2K | $23K | 5x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 91.974 | +0.135% | $978K | $2.9M | 10x | as long as short |
| Arcus CRCL-USDshort | +0.0040% | 1h | 92.000 | +0.163% | $93K | $272K | 10x | |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.938 | +0.096% | $69.3M | $41.9M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.080 | +0.250% | $356K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 92.082 | +0.253% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.Plong | +0.0050% | 1h | 91.850 | long leg | $1.0M | $5.5M | 10x | |
| QFEX CRCL-USD | +0.0057% | 1h | 92.100 | +0.272% | $1.3M | $2.4M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0076% | 8h | 92.040 | +0.207% | $21.7M | $60.3M | 50x | as long as short |
| Binance CRCLUSDT | +0.0079% | 8h | 92.020 | +0.185% | $105.0M | $392.6M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0080% | 1h | 92.040 | +0.206% | $1.1M | $5.7M | 10x | as long as short |
| Aster CRCLUSDT | +0.0082% | 8h | 92.093 | +0.264% | $1.1M | $4.9M | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.0083% | 8h | 92.165 | +0.343% | $756 | $740 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.127 | +0.302% | $129K | $154K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.110 | +0.283% | $2.9M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.890 | +0.044% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.080 | +0.250% | $918 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.089 | +0.260% | $4 | — | 10x | as long as short |
| Nado CRCL-PERP | +0.0168% | 1h | 92.094 | +0.266% | $131K | $103K | 3x | as long as short |
| Lighter CRCL | +0.0208% | 1h | 91.989 | +0.151% | $3.0M | $2.4M | 10x | as long as short |
| Phoenix CRCL | +0.0231% | 1h | 91.730 | −0.131% | $27K | $92K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.370 | +0.566% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDC | +0.0565% | 4h | 91.735 | −0.125% | $23K | $267K | 10x | as long as short |
Aftermath Perps CRCLUSD
Lighter RH CRCL
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
QFEX CRCL-USD
OKX CRCL-USDT-SWAP
Binance CRCLUSDT
Extended CRCL_24_5-USD
Aster CRCLUSDT
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Nado CRCL-PERP
Lighter CRCL
Phoenix CRCL
Injective CRCL/USDC PERP
edgeX CRCLUSDC