Funding you earn now, next payment 00:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.028%
Price spread now: Phoenix against Paradex+0.088%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.088% dearer against Paradex than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex CRCL-USD-PERP | 93.245 | 0.0097 | pay 0.0097% / 8h | 6h 57m | $765 | $740 | 5x |
| Short | Phoenix CRCL | 93.327 | 0.0296 | get 0.0037% / 1h | 57m 34s | $28K | $92K | 10x |
Paradex CRCL-USD-PERP
Phoenix CRCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $41.84
- Price spread: +0.088% → 0.000%
- $8.75
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $39.59
- Costs to cover
- 0.110%
- Break-even
- 0.4 days
Slippage unknown: Paradex: 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Paradex 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0008% | 1h | 93.400 | +0.166% | $934K | $590K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 93.310 | +0.069% | $15.3M | $25.5M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 93.280 | +0.037% | $426K | $299K | 10x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 93.360 | +0.123% | $7.2M | $25.5M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 93.340 | +0.101% | $16.6M | $34.4M | 25x | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 93.497 | +0.270% | $62K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 93.410 | +0.177% | $1.0M | $49K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 93.341 | +0.103% | $978K | $2.9M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0037% | 1h | 93.632 | +0.414% | $2K | $22K | 5x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 93.470 | +0.241% | $96K | $271K | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
RISEx CRCL/USDC
Gate CRCL_USDT
Bitget CRCLUSDT
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
Arcus CRCL-USDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | +0.0044% | 1h | 93.140 | −0.113% | — | $37K | 25x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 93.219 | −0.028% | $70.9M | $41.2M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 93.264 | +0.020% | $361K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 93.330 | +0.091% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 93.410 | +0.177% | $1.0M | $5.6M | 10x | as long as short |
| QFEX CRCL-USD | +0.0057% | 1h | 93.250 | +0.005% | $1.3M | $2.5M | 10x | as long as short |
| Variational Omni CRCL | +0.0059% | 8h | 93.569 | +0.347% | $2.5M | $3.1M | — | as long as short |
| Paradex CRCL-USD-PERPlong | +0.0097% | 8h | 93.245 | long leg | $765 | $740 | 5x | |
| Pacifica CRCL | +0.0100% | 1h | 93.298 | +0.056% | $75K | $96K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 93.390 | +0.155% | $2.9M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 93.450 | +0.219% | $69K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 93.330 | +0.091% | $931 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 93.334 | +0.095% | $4 | — | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0118% | 8h | 93.310 | +0.069% | $22.5M | $58.3M | 50x | as long as short |
| Aster CRCLUSDT | +0.0134% | 8h | 93.312 | +0.072% | $1.1M | $4.9M | 20x | as long as short |
| Binance CRCLUSDT | +0.0135% | 8h | 93.290 | +0.048% | $107.6M | $386.0M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0136% | 1h | 93.255 | +0.010% | $1.1M | $5.7M | 10x | as long as short |
| Nado CRCL-PERP | +0.0239% | 1h | 93.273 | +0.029% | $154K | $89K | 3x | as long as short |
| BloFin CRCL-USDT | +0.0257% | 8h | 93.160 | −0.092% | $1.1M | $1.0M | 20x | as long as short |
| Phoenix CRCLshort | +0.0296% | 1h | 93.327 | +0.088% | $28K | $92K | 10x | |
| Lighter CRCL | +0.0296% | 1h | 93.362 | +0.125% | $3.0M | $2.3M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0393% | 1h | 93.350 | +0.112% | $4K | $769K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 93.910 | +0.713% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDC | +0.0813% | 4h | 93.468 | +0.239% | $24K | $266K | 10x | as long as short |
Vest CRCL-USD-PERP
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Variational Omni CRCL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
OKX CRCL-USDT-SWAP
Aster CRCLUSDT
Binance CRCLUSDT
Extended CRCL_24_5-USD
Nado CRCL-PERP
BloFin CRCL-USDT
Lighter CRCL
Deribit CRCL_USDC-PERPETUAL
Injective CRCL/USDC PERP
edgeX CRCLUSDC