CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0326%/8h= +35.7% APRnext payment +$0.41 per $10,000 · paid last 24h +0.031%

Price spread now: Extended against Ondo Perps+0.153%7-day average +0.100% · you sell dearer than you buy

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

Long on Ondo Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$19 on $10k

Price spread, last 7 days+0.759%+$76 · spread now +0.153%, 7d avg +0.100%

Together, before fees+0.954%+ Points / potential airdropOndo Perps: Active · Extended: Active · farm board+$95 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Extended is 0.053% dearer against Ondo Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.100%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.195% in total (about 10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRCL-USD.P	92.550	0.0050	pay 0.0006% / 1h	7m 04s	$1.1M	$3.8M	10x
Short	Extended CRCL_24_5-USD	92.691	0.0376	get 0.0047% / 1h	7m 04s	$1.1M	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Ondo Perps. 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 Ondo PerpsbpFee ExtendedbpOrdersPrice spread, now +0.153%Rate

Funding earned: $68.38
Price spread: +0.153% → +0.100%: $5.28
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $63.66
Costs to cover: 0.100%
Break-even: 0.5 days

Slippage unknown: Ondo Perps: no order-book sample; Extended: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Extended live order book, 5 min ago	0.49 bp	5.1 bp −$5	27.8 bp −$278	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 34 exchanges

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
Vest CRCL-USD-PERP	−0.0022%	1h	92.350	−0.216%	—	$30K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.740	+0.205%	$15.0M	$25.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.810	+0.281%	$18.2M	$33.7M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.690	+0.151%	$1.0M	$45K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.590	+0.043%	$857K	$699K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.744	+0.210%	$1.0M	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	92.610	+0.064%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.691	+0.152%	$67.8M	$40.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.547	−0.003%	$380K	$847K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.670	+0.130%	$46K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.Plong	+0.0050%	1h	92.550	long leg	$1.1M	$3.8M	10x
QFEX CRCL-USD	+0.0080%	1h	92.510	−0.043%	$1.3M	$1.6M	10x	as long as short
Gate CRCL_USDT	+0.0093%	8h	92.780	+0.249%	$7.4M	$26.0M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	92.630	+0.086%	$139K	$141K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.620	+0.076%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.480	−0.076%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.690	+0.151%	$924	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.733	+0.198%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0130%	8h	92.707	+0.170%	$426	$477	5x	as long as short
Phoenix CRCL	+0.0199%	1h	92.644	+0.102%	$27K	$66K	10x	as long as short
Lighter CRCL	+0.0264%	1h	92.775	+0.243%	$3.0M	$2.1M	10x	as long as short
Variational Omni CRCL	+0.0287%	8h	92.574	+0.026%	$2.5M	$3.3M	—	as long as short
Nado CRCL-PERP	+0.0323%	1h	92.474	−0.082%	$151K	$107K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0337%	8h	92.840	+0.313%	$22.9M	$57.2M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.610	+0.065%	$93K	$226K	10x	as long as short
Aster CRCLUSDT	+0.0368%	8h	92.640	+0.097%	$1.1M	$4.5M	20x	as long as short
Extended CRCL_24_5-USDshort	+0.0376%	1h	92.691	+0.153%	$1.1M	$4.0M	10x
Binance CRCLUSDT	+0.0380%	8h	92.722	+0.185%	$107.3M	$357.0M	50x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	−0.497%	$38K	$172K	30x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	92.660	+0.119%	$415K	$243K	10x	as long as short
BloFin CRCL-USDT	+0.0500%	8h	92.760	+0.227%	$1.1M	$1.7M	20x	as long as short
edgeX CRCLUSDC	+0.0688%	4h	92.624	+0.080%	$53K	$269K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0750%	8h	92.650	+0.108%	$62K	$1.0M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0830%	1h	92.720	+0.184%	$5K	$470K	10x	as long as short