CRCL

Alert

Funding spread now, next payment 15:00 UTC+0.0094%/8h

next payment, per $10,000+$0.12paid, last 24h+0.014%paid, last 3 days+0.647%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CRCL-USD	95.544	0.0050	pay 0.0006% / 1h	22m 01s	$48K	$3K	10x
Short	Lighter CRCL	95.521	0.0144	get 0.0018% / 1h	22m 01s	$3.0M	$1.9M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee LighterbpOrdersRate

Funding earned: $19.74
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $11.74
Break-even: 2.8 days

Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.024%
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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	1.78 bp	8.7 bp −$9	16.5 bp −$165	45.4 bp −$4,537	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 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate CRCL_USDT	0.0000%	8h	$7.2M	$23.4M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.1M	$47K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	$880K	$2.4M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	$123K	$223K	10x	as long as short
QFEX CRCL-USD	+0.0042%	1h	$1.4M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	—	$35K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	$379K	$1.1M	10x	as long as short
SoDEX CRCL-USDlong	+0.0050%	1h	$48K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	$1.1M	$5.6M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	$935K	$739K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	$89K	$89K	10x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	$69K	$8K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	$952	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0107%	8h	$726	$428	5x	as long as short
Lighter CRCLshort	+0.0144%	1h	$3.0M	$1.9M	10x
KuCoin CRCLUSDTM	+0.0145%	8h	$3.0M	$1.1M	20x	as long as short
Bybit CRCLUSDT	+0.0153%	8h	$16.0M	$21.4M	50x	as long as short
Variational Omni CRCL	+0.0156%	8h	$2.4M	$2.7M	—	as long as short
tradeXYZ xyz:CRCL	+0.0179%	1h	$75.7M	$35.7M	10x	as long as short
Nado CRCL-PERP	+0.0220%	1h	$131K	$77K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0221%	8h	$22.7M	$51.0M	50x	as long as short
Bitget CRCLUSDT	+0.0235%	8h	$16.6M	$30.7M	25x	as long as short
Extended CRCL_24_5-USD	+0.0240%	1h	$1.0M	$3.1M	10x	as long as short
Aster CRCLUSDT	+0.0242%	8h	$1.3M	$4.1M	20x	as long as short
Binance CRCLUSDT	+0.0242%	8h	$107.5M	$311.4M	50x	as long as short
Phoenix CRCL	+0.0259%	1h	$28K	$68K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0322%	1h	$1K	$11K	5x	as long as short
RISEx CRCL/USDC	+0.0336%	1h	$412K	$323K	10x	as long as short
BloFin CRCL-USDT	+0.0360%	8h	$1.1M	$490K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$105K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0483%	1h	$1K	$799K	10x	as long as short
edgeX CRCLUSDC	+0.0927%	4h	$21K	$261K	10x	as long as short