CRCL

Alert

Funding spread now, next payment 17:00 UTC+0.0046%/8h

next payment, per $10,000+$0.06paid, last 24h+0.008%paid, last 7 days+0.191%to open and closeno order book

Long on Ondo Perps Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRCL-USD.P	93.540	0.0050	pay 0.0006% / 1h	9m 53s	$1.1M	$5.7M	10x
Short	Coinbase International CRCL-PERP-INTX	93.700	0.0096	get 0.0012% / 1h	9m 53s	$939K	$786K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee Coinbase InternationalbpOrdersRate

Funding earned: $9.58
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$5.42
Break-even: 11.0 days

Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 40 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.171%
Avg gap 7d: +0.065%

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 40 min ago	6.37 bp	11.7 bp −$12	15.1 bp −$151	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate CRCL_USDT	0.0000%	8h	$7.1M	$26.2M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.0M	$45K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	$796K	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	$353K	$1.0M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Plong	+0.0050%	1h	$1.1M	$5.7M	10x
QFEX CRCL-USD	+0.0067%	1h	$1.4M	$2.6M	10x	as long as short
Bybit CRCLUSDT	+0.0067%	8h	$15.4M	$23.8M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0087%	8h	$713	$428	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni CRCL	+0.0091%	8h	$2.5M	$3.2M	—	as long as short
Coinbase International CRCL-PERP-INTXshort	+0.0096%	1h	$939K	$786K	10x
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	$935	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0109%	1h	$70.9M	$40.1M	10x	as long as short
edgeX CRCLUSDC	+0.0118%	4h	$24K	$266K	10x	as long as short
Aster CRCLUSDT	+0.0137%	8h	$1.1M	$4.6M	20x	as long as short
RISEx CRCL/USDC	+0.0140%	1h	$405K	$313K	10x	as long as short
Binance CRCLUSDT	+0.0158%	8h	$106.4M	$362.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0160%	1h	$1.1M	$3.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0247%	8h	$22.6M	$56.6M	50x	as long as short
Phoenix CRCL	+0.0263%	1h	$28K	$92K	10x	as long as short
BloFin CRCL-USDT	+0.0277%	8h	$1.1M	$593K	20x	as long as short
KuCoin CRCLUSDTM	+0.0278%	8h	$2.9M	$1.5M	20x	as long as short
Lighter CRCL	+0.0312%	1h	$2.9M	$2.1M	10x	as long as short
Bitget CRCLUSDT	+0.0321%	8h	$16.6M	$33.4M	25x	as long as short
Nado CRCL-PERP	+0.0328%	1h	$131K	$67K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0372%	1h	$2K	$15K	5x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$58K	30x	as long as short
Arcus CRCL-USD	+0.0586%	1h	$102K	$253K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0604%	1h	$4K	$802K	10x	as long as short