Funding you earn now, next payment 04:00 UTC−0.0078%/8h= −8.6% APRnext payment −$0.10 per $10,000 · paid last 24h −0.029%
Price spread now: Aevo against Phoenix−0.026%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aevo is 0.026% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRCL | 91.939 | 0.0182 | pay 0.0023% / 1h | 44m 41s | $27K | $82K | 10x |
| Short | Aevo CRCL-PERP | 91.915 | 0.0104 | get 0.0013% / 1h | 44m 41s | $4 | — | 10x |
Phoenix CRCL
Aevo CRCL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Phoenix. 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
- −$16.44
- Price spread: −0.026% → 0.000%
- −$2.64
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$42.08
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Aevo: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Aevo no order-book sample | — | — | — | — | — |
Phoenix and Aevo: 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 | −0.0697% | 8h | 91.970 | +0.034% | $16.8M | $35.5M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0068% | 1h | 91.700 | −0.260% | — | $31K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.920 | −0.021% | $14.9M | $26.5M | 50x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.980 | +0.045% | $7.3M | $27.3M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.979 | +0.043% | $2.4M | $3.2M | — | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.960 | +0.023% | $1.0M | $48K | 10x | as long as short |
| Aster CRCLUSDT | +0.0010% | 8h | 91.993 | +0.059% | $1.1M | $5.0M | 20x | as long as short |
| Extended CRCL_24_5-USD | +0.0016% | 1h | 91.898 | −0.044% | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | +0.0016% | 8h | 91.931 | −0.008% | $104.7M | $390.8M | 50x | as long as short |
| Aftermath Perps CRCLUSD | +0.0040% | 1h | 91.940 | +0.001% | $2K | $25K | 5x | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Bybit CRCLUSDT
Gate CRCL_USDT
Variational Omni CRCL
Phemex CRCLUSDT
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
Aftermath Perps CRCLUSDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus CRCL-USD | +0.0040% | 1h | 91.940 | +0.001% | $93K | $272K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0048% | 1h | 91.890 | −0.053% | $907K | $510K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.858 | −0.088% | $68.2M | $41.8M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.903 | −0.039% | $359K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.928 | −0.012% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.900 | −0.042% | $1.0M | $5.2M | 10x | as long as short |
| QFEX CRCL-USD | +0.0060% | 1h | 91.920 | −0.021% | $1.3M | $1.9M | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0068% | 8h | 92.019 | +0.087% | $70K | $1.1M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0068% | 8h | 92.010 | +0.077% | $1.1M | $1.4M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0071% | 8h | 91.950 | +0.012% | $22.3M | $61.6M | 50x | as long as short |
| Lighter RH CRCL | +0.0072% | 1h | 91.935 | −0.004% | $974K | $2.9M | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.914 | −0.027% | $135K | $159K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.930 | −0.010% | $2.7M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.920 | −0.021% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.920 | −0.021% | $916 | $2K | 10x | as long as short |
| Aevo CRCL-PERPshort | +0.0104% | 1h | 91.915 | −0.026% | $4 | — | 10x | |
| RISEx CRCL/USDC | +0.0107% | 1h | 91.970 | +0.034% | $418K | $299K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0130% | 8h | 91.937 | −0.002% | $423 | $905 | 5x | as long as short |
| Phoenix CRCLlong | +0.0182% | 1h | 91.939 | long leg | $27K | $82K | 10x | |
| Lighter CRCL | +0.0280% | 1h | 91.945 | +0.007% | $3.0M | $2.4M | 10x | as long as short |
| Nado CRCL-PERP | +0.0385% | 1h | 91.856 | −0.091% | $134K | $106K | 3x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.550 | +0.665% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDC | +0.0529% | 4h | 92.039 | +0.109% | $51K | $277K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0730% | 1h | 91.960 | +0.023% | $4K | $768K | 10x | as long as short |
Arcus CRCL-USD
Coinbase International CRCL-PERP-INTX
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
GRVT CRCL_USDT_Perp
BloFin CRCL-USDT
OKX CRCL-USDT-SWAP
Lighter RH CRCL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
RISEx CRCL/USDC
Paradex CRCL-USD-PERP
Lighter CRCL
Nado CRCL-PERP
Injective CRCL/USDC PERP
edgeX CRCLUSDC
Deribit CRCL_USDC-PERPETUAL