CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0325%/8h= +35.6% APRnext payment +$0.41 per $10,000 · paid last 24h +0.051%

Price spread now: Nado against SoDEX−0.059%47s7-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 Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.059% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 15 hours of funding at the current rate (+$10 a day). The two prices were read 47 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	91.880	0.0050	pay 0.0006% / 1h	37m 18s	$46K	$3K	10x
Short	Nado CRCL-PERP	91.826	0.0375	get 0.0047% / 1h	37m 18s	$134K	$106K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.059%Rate

Funding earned: $68.21
Price spread: −0.059% → 0.000%: −$5.91
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $47.3
Costs to cover: 0.150%
Break-even: 2.1 days

Slippage unknown: SoDEX: no order-book sample; Nado: live order book, 15 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 Nado live order book, 15 min ago	2.71 bp	8.1 bp −$8	26.1 bp −$261	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 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	−0.0711%	8h	92.010	+0.141%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0066%	1h	91.640	−0.261%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.990	+0.120%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.980	+0.109%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.849	−0.034%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.840	−0.044%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0012%	8h	91.925	+0.049%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.880	+0.001%	$1.2M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0019%	8h	91.936	+0.060%	$104.6M	$391.3M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.933	+0.058%	$2K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0040%	1h	91.896	+0.017%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.850	−0.033%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	+0.011%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.879	−0.001%	$68.2M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.840	−0.044%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USDlong	+0.0050%	1h	91.880	long leg	$46K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.680	−0.218%	$1.0M	$5.1M	10x	as long as short
BloFin CRCL-USDT	+0.0059%	8h	91.890	+0.011%	$1.1M	$1.6M	20x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.910	+0.033%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0074%	8h	91.870	−0.010%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0081%	8h	92.050	+0.185%	$22.3M	$61.7M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.891	+0.012%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.880	0.000%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.770	−0.120%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.930	+0.054%	$917	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.965	+0.092%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.894	+0.016%	$418K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0133%	8h	91.891	+0.011%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	91.828	−0.057%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.923	+0.047%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERPshort	+0.0375%	1h	91.826	−0.059%	$134K	$106K	3x
Injective CRCL/USDC PERP	+0.0440%	1h	92.290	+0.446%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0839%	1h	91.950	+0.076%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0938%	4h	91.865	−0.016%	$51K	$276K	10x	as long as short