CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.18 per $10,000 · paid last 24h +0.050%

Price spread now: Phoenix against Ondo Perps−1.161%108s7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 1.161% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −1.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$116 on $10k: about 26 days of funding at the current rate (+$4 a day). The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRCL-USD.P	95.580	0.0050	pay 0.0006% / 1h	55m 33s	$1.0M	$4.3M	10x
Short	Phoenix CRCL	94.470	0.0197	get 0.0025% / 1h	55m 33s	$28K	$94K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 it

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 PhoenixbpOrdersPrice spread, now −1.161%Rate

Funding earned: $30.87
Price spread: −1.161% → 0.000%: −$116.13
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$97.27
Costs to cover: 0.120%
Break-even: 29.1 days

Slippage unknown: Ondo Perps: no order-book sample; Phoenix: no order-book sample. 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 Phoenix no order-book sample	—	—	—	—	—

Ondo Perps and Phoenix: 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
Coinbase International CRCL-PERP-INTX	−0.0024%	1h	95.700	+0.126%	$873K	$807K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	95.720	+0.146%	$15.7M	$28.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	95.656	+0.080%	$425K	$228K	10x	as long as short
Bitget CRCLUSDT	0.0000%	8h	95.680	+0.105%	$18.9M	$38.2M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	95.760	+0.188%	$1.1M	$47K	10x	as long as short
QFEX CRCL-USD	+0.0014%	1h	95.600	+0.021%	$1.4M	$1.7M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	95.799	+0.229%	$1.0M	$2.6M	10x	as long as short
Injective CRCL/USDC PERP	+0.0033%	1h	95.630	+0.052%	$39K	$172K	30x	as long as short
Vest CRCL-USD-PERP	+0.0034%	1h	95.610	+0.031%	—	$30K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0034%	1h	94.479	−1.152%	$2K	$29K	5x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CRCL_USDT	+0.0048%	8h	95.660	+0.084%	$7.8M	$25.8M	50x	as long as short
Ondo Perps CRCL-USD.Plong	+0.0050%	1h	95.580	long leg	$1.0M	$4.3M	10x
Arcus CRCL-USD	+0.0057%	1h	95.610	+0.031%	$96K	$231K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0090%	1h	95.640	+0.063%	$69.6M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	95.598	+0.019%	$142K	$149K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	95.630	+0.052%	$2.5M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	95.830	+0.262%	$99K	$26K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	95.770	+0.199%	$755	$2K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0100%	8h	95.645	+0.068%	$440	$477	5x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	95.823	+0.254%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0169%	8h	95.760	+0.188%	$2.7M	$3.3M	—	as long as short
Phoenix CRCLshort	+0.0197%	1h	94.470	−1.161%	$28K	$94K	10x
OKX CRCL-USDT-SWAP	+0.0223%	8h	95.700	+0.126%	$23.4M	$65.9M	50x	as long as short
Extended CRCL_24_5-USD	+0.0264%	1h	95.616	+0.038%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0267%	8h	95.672	+0.096%	$110.8M	$387.6M	50x	as long as short
Aster CRCLUSDT	+0.0285%	8h	95.720	+0.146%	$1.2M	$4.7M	20x	as long as short
Nado CRCL-PERP	+0.0295%	1h	95.769	+0.197%	$153K	$91K	3x	as long as short
GRVT CRCL_USDT_Perp	+0.0328%	8h	96.099	+0.543%	$62K	$1.0M	10x	as long as short
BloFin CRCL-USDT	+0.0370%	8h	96.030	+0.471%	$1.2M	$1.8M	20x	as long as short
Polymarket Perps CRCL-USD	+0.0512%	1h	95.627	+0.049%	$306K	$1.0M	10x	as long as short
edgeX CRCLUSDC	+0.0551%	4h	95.621	+0.043%	$55K	$277K	10x	as long as short
Lighter CRCL	+0.0552%	1h	95.734	+0.161%	$3.3M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0691%	1h	95.780	+0.209%	$5K	$415K	10x	as long as short
SoDEX CRCL-USD	+0.6470%	1h	95.688	+0.113%	$48K	$3K	10x	as long as short