CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.05 per $10,000 · paid last 24h −0.001%

Price spread now: Coinbase International against Polymarket Perps−0.229%7-day average −0.027% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 4 days (all we have)+0.261%+$26 · spread now −0.229%, 7d avg −0.027%

Together, before fees+0.472%+$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.203% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.211%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	92.472	0.0050	pay 0.0006% / 1h	56m 47s	$380K	$955K	10x
Short	Coinbase International CRCL-PERP-INTX	92.260	0.0008	get 0.0001% / 1h	56m 47s	$888K	$675K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now −0.229%Rate

Funding earned: −$8.82
Price spread: −0.229% → −0.027%: −$20.25
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$47.07
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 22 min ago; Coinbase International: live order book, 37 min ago. 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 Polymarket Perps live order book, 22 min ago	540.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 37 min ago	0.55 bp	5.5 bp −$6	8.7 bp −$87	911.8 bp −$91.2K	doesn't fit

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
Vest CRCL-USD-PERP	−0.0066%	1h	92.130	−0.370%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.610	+0.149%	$18.0M	$35.2M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.640	+0.182%	$1.0M	$46K	10x	as long as short
Coinbase International CRCL-PERP-INTXshort	+0.0008%	1h	92.260	−0.229%	$888K	$675K	10x
Lighter RH CRCL	+0.0032%	1h	92.579	+0.116%	$995K	$2.3M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	92.519	+0.051%	$2K	$29K	5x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	92.472	long leg	$380K	$955K	10x
SoDEX CRCL-USD	+0.0050%	1h	92.455	−0.018%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.300	−0.186%	$1.1M	$4.3M	10x	as long as short
Gate CRCL_USDT	+0.0052%	8h	92.600	+0.138%	$7.3M	$25.3M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0080%	1h	92.270	−0.218%	$1.4M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.400	−0.078%	$135K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.660	+0.203%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.510	+0.041%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.540	+0.074%	$923	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.515	+0.046%	$4	—	10x	as long as short
Bybit CRCLUSDT	+0.0143%	8h	92.590	+0.128%	$15.1M	$25.9M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0156%	1h	92.510	+0.041%	$67.7M	$42.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0163%	8h	92.397	−0.081%	$425	$766	5x	as long as short
Lighter CRCL	+0.0176%	1h	92.529	+0.062%	$3.0M	$2.0M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	92.779	+0.332%	$27K	$64K	10x	as long as short
Variational Omni CRCL	+0.0257%	8h	92.578	+0.114%	$2.4M	$3.2M	—	as long as short
Aster CRCLUSDT	+0.0307%	8h	92.614	+0.153%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0313%	8h	92.580	+0.117%	$22.6M	$59.4M	50x	as long as short
Binance CRCLUSDT	+0.0319%	8h	92.560	+0.095%	$106.6M	$377.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0320%	1h	92.560	+0.095%	$1.1M	$5.0M	10x	as long as short
Nado CRCL-PERP	+0.0340%	1h	92.405	−0.072%	$149K	$111K	3x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.450	−0.024%	$96K	$267K	10x	as long as short
BloFin CRCL-USDT	+0.0439%	8h	92.450	−0.024%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.200	+0.787%	$39K	$172K	30x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	92.500	+0.030%	$414K	$255K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0507%	1h	92.500	+0.030%	$5K	$617K	10x	as long as short
edgeX CRCLUSDC	+0.0681%	4h	92.633	+0.174%	$53K	$268K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0688%	8h	92.732	+0.281%	$62K	$1.1M	10x	as long as short