CRCL

Alert

Funding spread now, next payment 14:00 UTC+0.0318%/8h

next payment, per $10,000+$0.40paid, last 24h−0.026%paid, last 7 days+0.641%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRCL-USD.P	98.480	0.0050	pay 0.0006% / 1h	26m 34s	$970K	$5.1M	10x
Short	Lighter CRCL	99.094	0.0368	get 0.0046% / 1h	26m 34s	$3.2M	$1.5M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee LighterbpOrdersRate

Funding earned: $66.7
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $61.7
Break-even: 0.5 days

Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.623%
Avg gap 7d: +0.200%

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 Lighter live order book, 3 min ago	5.18 bp	15.1 bp −$15	19.5 bp −$195	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
Deribit CRCL_USDC-PERPETUAL	−0.0053%	1h	$1K	$478K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	$8.3M	$17.7M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.1M	$46K	10x	as long as short
edgeX CRCLUSDC	+0.0015%	4h	$22K	$247K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0040%	1h	$966K	$747K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0045%	1h	$2K	$8K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	$403K	$1.1M	10x	as long as short
Ondo Perps CRCL-USD.Plong	+0.0050%	1h	$970K	$5.1M	10x
QFEX CRCL-USD	+0.0057%	1h	$1.3M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0065%	1h	—	$21K	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0070%	1h	$50K	$3K	10x	as long as short
Lighter RH CRCL	+0.0072%	1h	$925K	$1.9M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	$104K	$53K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	$2.9M	$929K	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	$72K	$8K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	$2K	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0113%	1h	$75.0M	$26.1M	10x	as long as short
Bybit CRCLUSDT	+0.0128%	8h	$15.6M	$14.4M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0131%	8h	$752	$428	5x	as long as short
Bitget CRCLUSDT	+0.0201%	8h	$17.2M	$25.0M	25x	as long as short
Variational Omni CRCL	+0.0226%	8h	$2.9M	$1.7M	—	as long as short
Phoenix CRCL	+0.0230%	1h	$5K	$33K	10x	as long as short
Nado CRCL-PERP	+0.0263%	1h	$134K	$71K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0267%	8h	$23.2M	$41.0M	50x	as long as short
Binance CRCLUSDT	+0.0317%	8h	$110.2M	$225.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0320%	1h	$1.2M	$3.0M	10x	as long as short
Lighter CRCLshort	+0.0368%	1h	$3.2M	$1.5M	10x
Arcus CRCL-USD	+0.0369%	1h	$127K	$180K	10x	as long as short
Aster CRCLUSDT	+0.0374%	8h	$1.6M	$2.0M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$87K	30x	as long as short
BloFin CRCL-USDT	+0.0441%	8h	$1.2M	$468K	20x	as long as short
RISEx CRCL/USDC	+0.0589%	1h	$471K	$315K	10x	as long as short