CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.033%

Price spread now: Phoenix against tradeXYZ−0.044%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 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

Funding pays, the price is against you. Phoenix is 0.044% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.095% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRCL	91.868	0.0050	pay 0.0006% / 1h	36m 44s	$68.2M	$41.7M	10x
Short	Phoenix CRCL	91.828	0.0182	get 0.0023% / 1h	36m 44s	$27K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.044%Rate

Funding earned: $27.78
Price spread: −0.044% → 0.000%: −$4.35
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$1.57
Costs to cover: 0.250%
Break-even: 7.4 days

Slippage unknown: tradeXYZ: live order book, 3 min ago; Phoenix: 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, 3 min ago	1.14 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0709%	8h	92.000	+0.144%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0066%	1h	91.640	−0.248%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.960	+0.100%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.020	+0.165%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.849	−0.021%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.950	+0.089%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0012%	8h	91.979	+0.121%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.924	+0.060%	$1.2M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0020%	8h	91.950	+0.089%	$104.6M	$391.4M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.933	+0.071%	$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	91.959	+0.099%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.870	+0.002%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	+0.024%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCLlong	+0.0050%	1h	91.868	long leg	$68.2M	$41.7M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	91.840	−0.030%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.922	+0.059%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.770	−0.107%	$1.0M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.910	+0.046%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0074%	8h	91.870	+0.003%	$70K	$1.1M	10x	as long as short
BloFin CRCL-USDT	+0.0075%	8h	91.920	+0.057%	$1.1M	$1.6M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0084%	8h	91.970	+0.111%	$22.3M	$61.6M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.940	+0.078%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.910	+0.046%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.770	−0.107%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.930	+0.067%	$917	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.965	+0.105%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.950	+0.089%	$418K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0135%	8h	91.939	+0.077%	$423	$905	5x	as long as short
Phoenix CRCLshort	+0.0182%	1h	91.828	−0.044%	$27K	$82K	10x
Lighter CRCL	+0.0312%	1h	91.968	+0.109%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0375%	1h	91.826	−0.046%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.390	+0.568%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0839%	1h	91.960	+0.100%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0938%	4h	91.865	−0.003%	$51K	$276K	10x	as long as short