CRCL

Alert

Funding spread now, next payment 16:00 UTC+0.0037%/8h

next payment, per $10,000+$0.37paid, last 24h+0.060%paid, last 5 days+0.182%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_CRCL_USDC_mythos	98.180	0.0100	pay 0.0100% / 8h	2h 29m	$2K	$2K	10x
Short	Bybit CRCLUSDT	98.820	0.0137	get 0.0137% / 8h	2h 29m	$15.7M	$13.4M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BybitbpOrdersRate

Funding earned: $7.8
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$9.2
Break-even: 15.2 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, just now. Net counts fees only.

Price risk

price view

Price gap now: +0.652%
Avg gap 7d: —

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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, just now	5.03 bp	17.0 bp −$17	45.0 bp −$450	202.1 bp −$20.2K	doesn't fit

Orderly: 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	$8.2M	$17.3M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.1M	$46K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	$881K	$1.6M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0040%	1h	$968K	$730K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0043%	1h	$2K	$8K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	$400K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	$49K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	$1.4M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0066%	1h	—	$21K	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	$103K	$53K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	$2.9M	$844K	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	$71K	$8K	50x	as long as short
Orderly PERP_CRCL_USDC_mythoslong	+0.0100%	8h	$2K	$2K	10x
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0122%	8h	$746	$428	5x	as long as short
Bybit CRCLUSDTshort	+0.0137%	8h	$15.7M	$13.4M	50x
tradeXYZ xyz:CRCL	+0.0147%	1h	$76.0M	$23.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0158%	1h	$5K	$437K	10x	as long as short
Bitget CRCLUSDT	+0.0198%	8h	$17.6M	$23.7M	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
Lighter CRCL	+0.0240%	1h	$3.2M	$1.4M	10x	as long as short
Nado CRCL-PERP	+0.0265%	1h	$134K	$71K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0290%	8h	$23.6M	$37.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0320%	1h	$1.2M	$3.0M	10x	as long as short
Binance CRCLUSDT	+0.0323%	8h	$112.3M	$207.5M	50x	as long as short
Aster CRCLUSDT	+0.0365%	8h	$1.5M	$1.4M	20x	as long as short
Arcus CRCL-USD	+0.0369%	1h	$129K	$161K	10x	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	$456K	20x	as long as short
RISEx CRCL/USDC	+0.0589%	1h	$472K	$302K	10x	as long as short
edgeX CRCLUSDC	+0.0603%	4h	$22K	$247K	10x	as long as short