CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%

Price spread now: Pacifica against Polymarket Perps−0.022%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$590.590% of the position

Long on Polymarket Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)+1.163%+$116 · spread now −0.022%, 7d avg +0.033%

Together, before fees+1.282%+ Points / potential airdropPacifica: Active · farm board+$128 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.055% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.033%). If the spread goes back, that is −$6 on $10k: about 3.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	91.572	0.0050	pay 0.0006% / 1h	26m 06s	$357K	$1.1M	10x
Short	Pacifica CRCL	91.552	0.0100	get 0.0013% / 1h	26m 06s	$132K	$157K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.022%Rate

Funding earned: $10.5
Price spread: −0.022% → +0.033%: −$5.51
Slippage, 4 orders: −$42.95
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$53.97
Costs to cover: 0.590%
Break-even: 43.0 days

Slippage from Polymarket Perps: live order book, 2 min ago; Pacifica: live order book, 18 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, 2 min ago	1.58 bp	5.8 bp −$6	6.9 bp −$69	9.2 bp −$922	doesn't fit
Sell Pacifica live order book, 18 min ago	10.93 bp	23.2 bp −$23	doesn't fit	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	−0.1307%	8h	91.640	+0.074%	$15.8M	$34.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0077%	1h	91.360	−0.232%	—	$35K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.470	−0.111%	$903K	$518K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.565	−0.007%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.590	+0.020%	$104.5M	$385.0M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.620	+0.052%	$15.0M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.589	+0.019%	$418K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.630	+0.063%	$7.1M	$26.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.746	+0.190%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.701	+0.141%	$65K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.600	+0.031%	$1.0M	$49K	10x	as long as short
Aster CRCLUSDT	+0.0001%	8h	91.598	+0.028%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0006%	8h	91.600	+0.031%	$21.5M	$59.4M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0019%	1h	91.582	+0.010%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.550	−0.024%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.627	+0.060%	$973K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.590	+0.020%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.540	−0.035%	$68.4M	$41.2M	10x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	91.572	long leg	$357K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	91.560	−0.013%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.570	−0.002%	$974K	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0069%	8h	91.588	+0.017%	$751	$740	5x	as long as short
Pacifica CRCLshort	+0.0100%	1h	91.552	−0.022%	$132K	$157K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.580	+0.009%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.820	+0.271%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.590	+0.020%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.579	+0.008%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.610	+0.041%	$1.1M	$1.3M	20x	as long as short
edgeX CRCLUSDC	+0.0180%	4h	91.668	+0.105%	$23K	$248K	10x	as long as short
Phoenix CRCL	+0.0183%	1h	91.684	+0.122%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0190%	1h	91.534	−0.041%	$130K	$104K	3x	as long as short
Lighter CRCL	+0.0208%	1h	91.628	+0.061%	$3.0M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.130	+0.609%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0624%	1h	91.640	+0.074%	$4K	$767K	10x	as long as short