CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.063%

Price spread now: Ondo Perps against Arcus−0.164%7-day average −0.045% · you buy dearer than you sell

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

Long on Arcus Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.164%, 7d avg −0.045%

Together, before fees+0.148%+ Points / potential airdropOndo Perps: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.119% cheaper against Arcus than usual: you would sell low and buy high (spread −0.164% now, against its 7-day average of −0.045%). If the spread goes back, that is −$12 on $10k: about 39 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CRCL-USD	91.290	0.0040	pay 0.0005% / 1h	39m 39s	$93K	$289K	10x
Short	Ondo Perps CRCL-USD.P	91.140	0.0050	get 0.0006% / 1h	39m 39s	$1.1M	$5.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ArcusbpFee Ondo PerpsbpOrdersPrice spread, now −0.164%Rate

Funding earned: $2.13
Price spread: −0.164% → −0.045%: −$11.9
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$19.27
Costs to cover: 0.095%
Break-even: 70.5 days

Slippage unknown: Arcus: live order book, 4 min ago; Ondo Perps: 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 Arcus live order book, 4 min ago	4.38 bp	12.5 bp −$12	16.1 bp −$161	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0720%	8h	91.320	+0.033%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	91.060	−0.252%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.250	−0.044%	$14.6M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.290	0.000%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.349	+0.065%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.280	−0.011%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.280	−0.011%	$2K	$27K	5x	as long as short
Arcus CRCL-USDlong	+0.0040%	1h	91.290	long leg	$93K	$289K	10x
SoDEX CRCL-USD	+0.0050%	1h	91.243	−0.051%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Pshort	+0.0050%	1h	91.140	−0.164%	$1.1M	$5.2M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.300	+0.011%	$889K	$604K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.340	+0.055%	$1.3M	$1.8M	10x	as long as short
Lighter RH CRCL	+0.0072%	1h	91.283	−0.008%	$975K	$2.7M	10x	as long as short
Aster CRCLUSDT	+0.0083%	8h	91.307	+0.019%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0096%	8h	91.260	−0.033%	$104.4M	$397.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.237	−0.058%	$1.0M	$5.1M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.217	−0.080%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.260	−0.033%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.350	+0.066%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.270	−0.022%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.263	−0.029%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0104%	1h	91.178	−0.123%	$67.5M	$44.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0150%	1h	91.293	+0.003%	$382K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0166%	8h	91.245	−0.050%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0187%	8h	91.384	+0.103%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0190%	8h	91.260	−0.033%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0213%	8h	91.390	+0.110%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.381	+0.100%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.258	−0.035%	$415K	$268K	10x	as long as short
Lighter CRCL	+0.0296%	1h	91.267	−0.025%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0433%	1h	91.250	−0.044%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.570%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.290	0.000%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0765%	4h	91.348	+0.063%	$52K	$278K	10x	as long as short