CRCL

Alert

Funding spread now, next payment 13:00 UTC+0.0093%/8h

paid, last 24h−0.029%paid, last 3 days−0.122%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRCL	98.073	0.0230	pay 0.0029% / 1h	29m 12s	$5K	$33K	10x
Short	Binance CRCLUSDT	99.590	0.0323	get 0.0323% / 8h	2h 29m	$112.8M	$211.3M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BinancebpOrdersRate

Funding earned: $19.55
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $2.55
Break-even: 6.1 days

Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 16 min ago. Net counts fees only.

Price risk

price view

Price gap now: +1.547%
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 Phoenix no order-book sample	—	—	—	—	—
Sell Binance live order book, 16 min ago	0.51 bp	6.0 bp −$6	10.3 bp −$103	26.4 bp −$2,639	86.8 bp −$43.4K

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 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate CRCL_USDT	0.0000%	8h	$8.3M	$17.3M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.1M	$46K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0040%	1h	$971K	$750K	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
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
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

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni CRCLUSDT	+0.0100%	1h	$71K	$8K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	$2K	$2K	10x	as long as short
Lighter RH CRCL	+0.0104%	1h	$925K	$1.7M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
SoDEX CRCL-USD	+0.0114%	1h	$50K	$3K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0122%	8h	$746	$428	5x	as long as short
Bybit CRCLUSDT	+0.0137%	8h	$15.8M	$13.6M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0147%	1h	$76.0M	$23.4M	10x	as long as short
Bitget CRCLUSDT	+0.0198%	8h	$17.4M	$23.8M	25x	as long as short
Variational Omni CRCL	+0.0226%	8h	$2.9M	$1.7M	—	as long as short
Phoenix CRCLlong	+0.0230%	1h	$5K	$33K	10x
Nado CRCL-PERP	+0.0265%	1h	$134K	$71K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0290%	8h	$23.7M	$38.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0320%	1h	$1.2M	$3.0M	10x	as long as short
Binance CRCLUSDTshort	+0.0323%	8h	$112.8M	$211.3M	50x
Aster CRCLUSDT	+0.0365%	8h	$1.6M	$1.5M	20x	as long as short
Arcus CRCL-USD	+0.0369%	1h	$129K	$161K	10x	as long as short
Lighter CRCL	+0.0392%	1h	$3.2M	$1.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$87K	30x	as long as short
BloFin CRCL-USDT	+0.0443%	8h	$1.2M	$469K	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
Deribit CRCL_USDC-PERPETUAL	+0.2464%	1h	$5K	$437K	10x	as long as short