CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0487%/8h= +53.3% APRnext payment +$0.61 per $10,000 · paid last 24h +0.065%

Price spread now: Nado against Vest+0.214%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Nado

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—+ Points / potential airdropVest: Active · Nado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Nado is 0.214% dearer against Vest than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRCL-USD-PERP	91.230	−0.0080	get 0.0010% / 1h	57m 04s	—	$31K	25x
Short	Nado CRCL-PERP	91.426	0.0407	get 0.0051% / 1h	57m 04s	$134K	$109K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Vest. 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 VestbpFee NadobpOrdersPrice spread, now +0.214%Rate

Funding earned: $102.21
Price spread: +0.214% → 0.000%: $21.44
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $114.65
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Nado: live order book, 45 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 Vest no order-book sample	—	—	—	—	—
Sell Nado live order book, 45 min ago	2.74 bp	13.2 bp −$13	29.7 bp −$297	doesn't fit	doesn't fit

Vest: 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	−0.0349%	8h	91.620	+0.427%	$17.6M	$37.0M	25x	as long as short
Vest CRCL-USD-PERPlong	−0.0080%	1h	91.230	long leg	—	$31K	25x
Gate CRCL_USDT	0.0000%	8h	91.610	+0.417%	$7.8M	$27.2M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.570	+0.373%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0009%	8h	91.570	+0.373%	$14.8M	$26.6M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.500	+0.296%	$2K	$28K	5x	as long as short
Lighter RH CRCL	+0.0040%	1h	91.588	+0.392%	$979K	$2.6M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.510	+0.307%	$95K	$289K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.494	+0.289%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.430	+0.219%	$1.1M	$5.0M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRCL	+0.0057%	8h	91.499	+0.295%	$2.4M	$3.2M	—	as long as short
QFEX CRCL-USD	+0.0071%	1h	91.500	+0.296%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.400	+0.186%	$890K	$420K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.488	+0.283%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.600	+0.406%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.440	+0.230%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.550	+0.351%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.557	+0.359%	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0142%	8h	91.594	+0.399%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0158%	8h	91.555	+0.357%	$105.2M	$395.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0160%	1h	91.532	+0.331%	$1.0M	$5.0M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0184%	8h	91.482	+0.276%	$421	$905	5x	as long as short
tradeXYZ xyz:CRCL	+0.0199%	1h	91.509	+0.306%	$67.7M	$44.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0206%	1h	91.477	+0.271%	$383K	$1.3M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0226%	8h	91.550	+0.351%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0242%	8h	91.570	+0.373%	$22.3M	$62.1M	50x	as long as short
Phoenix CRCL	+0.0245%	1h	91.481	+0.275%	$27K	$74K	10x	as long as short
Lighter CRCL	+0.0272%	1h	91.582	+0.386%	$2.9M	$2.3M	10x	as long as short
BloFin CRCL-USDT	+0.0278%	8h	91.570	+0.373%	$1.1M	$1.7M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0406%	1h	91.530	+0.329%	$5K	$769K	10x	as long as short
Nado CRCL-PERPshort	+0.0407%	1h	91.426	+0.214%	$134K	$109K	3x
Injective CRCL/USDC PERP	+0.0440%	1h	91.890	+0.723%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.552	+0.353%	$418K	$265K	10x	as long as short
edgeX CRCLUSDC	+0.0477%	4h	91.500	+0.295%	$52K	$278K	10x	as long as short