CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0119%/8h= +13.0% APRnext payment +$0.15 per $10,000 · paid last 24h +0.021%

Price spread now: Phoenix against Aftermath Perps−0.023%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Phoenix

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—needs both histories

Funding pays, the price is against you. Phoenix is 0.023% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CRCLUSD	91.695	0.0029	pay 0.0004% / 1h	38m 39s	$2K	$24K	5x
Short	Phoenix CRCL	91.674	0.0148	get 0.0018% / 1h	38m 39s	$27K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aftermath Perps. 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 Aftermath PerpsbpFee PhoenixbpOrdersPrice spread, now −0.023%Rate

Funding earned: $24.95
Price spread: −0.023% → 0.000%: −$2.29
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $6.65
Costs to cover: 0.160%
Break-even: 5.1 days

Slippage unknown: Aftermath Perps: no order-book sample; 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Aftermath Perps and 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	−0.0988%	8h	91.640	−0.060%	$16.2M	$35.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.410	−0.311%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.568	−0.138%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.538	−0.171%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.554	−0.154%	$104.4M	$388.4M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.590	−0.115%	$14.9M	$26.3M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.620	−0.082%	$418K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.590	−0.115%	$7.2M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.678	−0.019%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.698	+0.003%	$65K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.600	−0.104%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0014%	8h	91.610	−0.093%	$21.9M	$60.6M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.600	−0.104%	$904K	$489K	10x	as long as short
edgeX CRCLUSDC	+0.0023%	4h	91.866	+0.187%	$51K	$275K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.630	−0.071%	$1.3M	$2.0M	10x	as long as short
Aftermath Perps CRCLUSDlong	+0.0029%	1h	91.695	long leg	$2K	$24K	5x
Lighter RH CRCL	+0.0032%	1h	91.590	−0.115%	$972K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.930	+0.256%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.512	−0.200%	$68.2M	$41.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.600	−0.104%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.530	−0.180%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.700	+0.005%	$992K	$5.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0078%	1h	91.510	−0.202%	$4K	$767K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0087%	8h	91.545	−0.163%	$421	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.556	−0.151%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.550	−0.158%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.630	−0.071%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.560	−0.147%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.525	−0.186%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.630	−0.071%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCLshort	+0.0148%	1h	91.674	−0.023%	$27K	$83K	10x
Lighter CRCL	+0.0184%	1h	91.595	−0.109%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0299%	1h	91.603	−0.100%	$130K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.190	+0.540%	$5K	$19K	30x	as long as short