CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0267%/8h= +29.2% APRnext payment +$0.33 per $10,000 · paid last 24h +0.062%

Price spread now: Nado against Polymarket Perps−0.094%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Polymarket Perps Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.138%+$14 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.094%, 7d avg +0.005%

Together, before fees+0.262%+ Points / potential airdropNado: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.099% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.005%). If the spread goes back, that is −$10 on $10k: about 30 hours of funding at the current rate (+$8 a day). At the pace of the last 4 days (+0.138% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	91.310	0.0158	pay 0.0020% / 1h	32m 04s	$378K	$1.3M	10x
Short	Nado CRCL-PERP	91.224	0.0425	get 0.0053% / 1h	32m 04s	$134K	$109K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.094%Rate

Funding earned: $56.06
Price spread: −0.094% → +0.005%: −$9.92
Slippage, 4 orders: −$14.4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $16.74
Costs to cover: 0.294%
Break-even: 4.9 days

Slippage from Polymarket Perps: live order book, 1 min ago; Nado: live order book, 5 min ago.

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, 1 min ago	1.92 bp	5.9 bp −$6	6.7 bp −$67	8.8 bp −$882	doesn't fit
Sell Nado live order book, 5 min ago	2.18 bp	9.7 bp −$10	26.2 bp −$262	doesn't fit	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
Bitget CRCLUSDT	−0.0254%	8h	91.370	+0.066%	$17.5M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0077%	1h	91.040	−0.296%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.350	+0.044%	$7.8M	$27.4M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.300	−0.011%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0028%	8h	91.330	+0.022%	$14.8M	$26.5M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.314	+0.004%	$980K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.398	+0.097%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.390	+0.088%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.281	−0.032%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.170	−0.153%	$1.1M	$4.8M	10x	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	+0.0071%	1h	91.330	+0.022%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.300	−0.011%	$889K	$392K	10x	as long as short
Variational Omni CRCL	+0.0097%	8h	91.457	+0.161%	$2.4M	$3.2M	—	as long as short
Pacifica CRCL	+0.0100%	1h	91.320	+0.011%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.300	−0.011%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.200	−0.120%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.290	−0.022%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.318	+0.009%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0118%	1h	91.259	−0.056%	$67.6M	$43.9M	10x	as long as short
edgeX CRCLUSDC	+0.0124%	4h	91.531	+0.243%	$52K	$275K	10x	as long as short
Polymarket Perps CRCL-USDlong	+0.0158%	1h	91.310	long leg	$378K	$1.3M	10x
Paradex CRCL-USD-PERP	+0.0161%	8h	91.330	+0.022%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0168%	8h	91.350	+0.044%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0184%	1h	91.266	−0.048%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0186%	8h	91.325	+0.016%	$105.0M	$389.7M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.689	+0.415%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0244%	8h	91.400	+0.099%	$61K	$1.1M	10x	as long as short
Lighter CRCL	+0.0256%	1h	91.309	−0.001%	$2.9M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0260%	8h	91.370	+0.066%	$22.2M	$61.7M	50x	as long as short
BloFin CRCL-USDT	+0.0304%	8h	91.320	+0.011%	$1.1M	$1.7M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0408%	1h	91.270	−0.044%	$5K	$769K	10x	as long as short
Nado CRCL-PERPshort	+0.0425%	1h	91.224	−0.094%	$134K	$109K	3x
Injective CRCL/USDC PERP	+0.0440%	1h	92.010	+0.767%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.360	+0.055%	$412K	$272K	10x	as long as short