CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Ondo Perps against Pacifica−0.022%7-day average −0.093% · you buy dearer than you sell

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

Long on Pacifica Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)−0.275%−$28 · spread now −0.022%, 7d avg −0.093%

Together, before fees−0.370%+ Points / potential airdropPacifica: Active · Ondo Perps: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.072% dearer against Pacifica than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.093%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	91.690	0.0100	pay 0.0013% / 1h	37m 24s	$134K	$159K	10x
Short	Ondo Perps CRCL-USD.P	91.670	0.0050	get 0.0006% / 1h	37m 24s	$992K	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Pacifica. 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 PacificabpFee Ondo PerpsbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$10.42
Price spread: −0.022% → −0.093%: $7.16
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$16.25
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 1 min ago; Ondo Perps: 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 Pacifica live order book, 1 min ago	8.19 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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 venues

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
Bitget CRCLUSDT	−0.0994%	8h	91.750	+0.065%	$16.3M	$35.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.410	−0.305%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.770	+0.087%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.697	+0.008%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.689	−0.001%	$104.6M	$388.4M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.660	−0.033%	$14.9M	$26.3M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.710	+0.022%	$417K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.770	+0.087%	$7.2M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.678	−0.013%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.698	+0.008%	$65K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.670	−0.022%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0015%	8h	91.660	−0.033%	$22.0M	$60.7M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.600	−0.098%	$904K	$489K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0028%	1h	91.671	−0.021%	$2K	$24K	5x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.690	0.000%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.753	+0.069%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.690	0.000%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.643	−0.051%	$68.3M	$41.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.634	−0.061%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.600	−0.098%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Pshort	+0.0050%	1h	91.670	−0.022%	$992K	$5.1M	10x
Paradex CRCL-USD-PERP	+0.0088%	8h	91.712	+0.024%	$422	$905	5x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.690	long leg	$134K	$159K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.680	−0.011%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.510	−0.196%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.660	−0.033%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.641	−0.053%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.630	−0.065%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.525	−0.180%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0176%	1h	91.745	+0.060%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0292%	1h	91.673	−0.019%	$130K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.190	+0.545%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0636%	4h	91.626	−0.070%	$51K	$276K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0732%	1h	91.740	+0.055%	$4K	$767K	10x	as long as short