CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0320%/8h= +35.1% APRnext payment +$0.40 per $10,000 · paid last 24h +0.105%

Price spread now: Injective against tradeXYZ+0.862%114s7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.666%+$67 on $10k

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

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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Injective is 0.862% dearer against tradeXYZ than usual: you sell high and buy low: +$86 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 114 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	tradeXYZ xyz:CRCL	91.224	0.0120	pay 0.0015% / 1h	31m 35s	$67.6M	$43.9M	10x
Short	Injective CRCL/USDC PERP	92.010	0.0440	get 0.0055% / 1h	31m 35s	$5K	$19K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against tradeXYZ. 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 tradeXYZbpFee InjectivebpOrdersPrice spread, now +0.862%Rate

Funding earned: $67.3
Price spread: +0.862% → 0.000%: $86.16
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $135.45
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: tradeXYZ: live order book, 8 min ago; Injective: no order-book sample. 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 tradeXYZ live order book, 8 min ago	0.82 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0261%	8h	91.400	+0.193%	$17.5M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0076%	1h	91.040	−0.202%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.400	+0.193%	$7.8M	$27.4M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.300	+0.083%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0031%	8h	91.310	+0.094%	$14.8M	$26.5M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.343	+0.130%	$980K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.398	+0.191%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.360	+0.149%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.281	+0.062%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.170	−0.059%	$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	91.310	+0.094%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.300	+0.083%	$889K	$392K	10x	as long as short
Variational Omni CRCL	+0.0097%	8h	91.457	+0.256%	$2.4M	$3.2M	—	as long as short
Pacifica CRCL	+0.0100%	1h	91.310	+0.094%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.330	+0.116%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.250	+0.029%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.290	+0.072%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.318	+0.103%	$4	—	10x	as long as short
tradeXYZ xyz:CRCLlong	+0.0120%	1h	91.224	long leg	$67.6M	$43.9M	10x
Polymarket Perps CRCL-USD	+0.0161%	1h	91.284	+0.066%	$378K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0161%	8h	91.302	+0.086%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0170%	8h	91.333	+0.120%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0184%	1h	91.301	+0.085%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0187%	8h	91.316	+0.101%	$104.9M	$389.7M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.271	+0.052%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0244%	8h	91.400	+0.193%	$61K	$1.1M	10x	as long as short
Lighter CRCL	+0.0256%	1h	91.342	+0.129%	$2.9M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0260%	8h	91.340	+0.127%	$22.2M	$61.7M	50x	as long as short
BloFin CRCL-USDT	+0.0304%	8h	91.320	+0.105%	$1.1M	$1.7M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0408%	1h	91.270	+0.050%	$5K	$769K	10x	as long as short
Nado CRCL-PERP	+0.0428%	1h	91.244	+0.022%	$134K	$109K	3x	as long as short
edgeX CRCLUSDC	+0.0430%	4h	91.340	+0.127%	$52K	$276K	10x	as long as short
Injective CRCL/USDC PERPshort	+0.0440%	1h	92.010	+0.862%	$5K	$19K	30x
RISEx CRCL/USDC	+0.0466%	1h	91.332	+0.119%	$412K	$272K	10x	as long as short