CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0390%/8h= +42.7% APRnext payment +$0.49 per $10,000 · paid last 24h +0.108%

Price spread now: Injective against SoDEX−1.099%62s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Injective is 1.099% cheaper against SoDEX than usual: you would sell low and buy high (spread −1.099% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$110 on $10k: about 9.4 days of funding at the current rate (+$12 a day). The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CRCL-USD	93.113	0.0050	pay 0.0006% / 1h	0m 00s	$47K	$3K	10x
Short	Injective CRCL/USDC PERP	92.090	0.0440	get 0.0055% / 1h	0m 00s	$38K	$172K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SoDEX. 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 SoDEXbpFee InjectivebpOrdersPrice spread, now −1.099%Rate

Funding earned: $81.9
Price spread: −1.099% → 0.000%: −$109.87
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$35.99
Costs to cover: 0.080%
Break-even: 10.1 days

Slippage unknown: SoDEX: no order-book sample; Injective: live order book, 51 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 SoDEX no order-book sample	—	—	—	—	—
Sell Injective live order book, 51 min ago	21.77 bp	21.8 bp −$22	30.8 bp −$308	doesn't fit	doesn't fit

SoDEX: 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 exchanges

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	−0.0019%	1h	92.860	−0.272%	—	$30K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.200	+0.093%	$15.1M	$25.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.200	+0.093%	$18.2M	$33.7M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.170	+0.061%	$1.0M	$45K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.990	−0.132%	$861K	$702K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.210	+0.104%	$1.0M	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	92.917	−0.210%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	93.054	−0.063%	$68.0M	$40.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.164	+0.055%	$383K	$847K	10x	as long as short
SoDEX CRCL-USDlong	+0.0050%	1h	93.113	long leg	$47K	$3K	10x

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.130	+0.018%	$1.0M	$3.8M	10x	as long as short
QFEX CRCL-USD	+0.0080%	1h	92.980	−0.143%	$1.3M	$1.6M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	93.019	−0.101%	$139K	$141K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	93.100	−0.014%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.870	−0.261%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.160	+0.050%	$929	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.200	+0.093%	$4	—	10x	as long as short
Gate CRCL_USDT	+0.0106%	8h	93.250	+0.147%	$7.5M	$26.2M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0132%	8h	93.106	−0.007%	$428	$477	5x	as long as short
Phoenix CRCL	+0.0199%	1h	92.945	−0.180%	$27K	$66K	10x	as long as short
edgeX CRCLUSDC	+0.0201%	4h	92.956	−0.169%	$53K	$269K	10x	as long as short
Lighter CRCL	+0.0248%	1h	93.214	+0.108%	$3.0M	$2.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0287%	1h	93.170	+0.061%	$5K	$454K	10x	as long as short
Variational Omni CRCL	+0.0309%	8h	92.973	−0.150%	$2.5M	$3.3M	—	as long as short
Nado CRCL-PERP	+0.0314%	1h	93.171	+0.062%	$153K	$92K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0340%	8h	93.180	+0.072%	$23.0M	$57.3M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	93.150	+0.040%	$94K	$214K	10x	as long as short
Aster CRCLUSDT	+0.0381%	8h	93.140	+0.029%	$1.1M	$4.5M	20x	as long as short
Extended CRCL_24_5-USD	+0.0392%	1h	93.169	+0.060%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0392%	8h	93.180	+0.072%	$107.8M	$354.0M	50x	as long as short
Injective CRCL/USDC PERPshort	+0.0440%	1h	92.090	−1.099%	$38K	$172K	30x
RISEx CRCL/USDC	+0.0479%	1h	92.990	−0.132%	$417K	$240K	10x	as long as short
BloFin CRCL-USDT	+0.0508%	8h	93.070	−0.046%	$1.1M	$1.7M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0805%	8h	93.020	−0.100%	$62K	$1.0M	10x	as long as short