Funding you earn now, next payment 11:00 UTC−0.0335%/8h= −36.7% APRpaid last 24h −0.041%
Price spread now: SoDEX against Binance−0.025%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SoDEX is 0.025% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CRCLUSDT | 92.928 | 0.0385 | pay 0.0385% / 8h | 5h 44m | $107.5M | $352.0M | 50x |
| Short | SoDEX CRCL-USD | 92.905 | 0.0050 | get 0.0006% / 1h | 44m 37s | $47K | $3K | 10x |
Binance CRCLUSDT
SoDEX CRCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$70.37
- Price spread: −0.025% → 0.000%
- −$2.47
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$90.84
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 7 min ago; SoDEX: 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 Binance live order book, 7 min ago | 0.54 bp | 7.1 bp −$7 | 11.5 bp −$115 | 38.3 bp −$3,830 | 216.6 bp −$108.3K |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0048% | 1h | 92.950 | +0.024% | $869K | $749K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.0001% | 1h | 92.860 | −0.073% | — | $30K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.950 | +0.024% | $15.0M | $25.1M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 92.970 | +0.045% | $18.6M | $33.4M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.910 | −0.019% | $1.0M | $45K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 92.924 | −0.004% | $998K | $2.5M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0041% | 1h | 93.001 | +0.079% | $2K | $29K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 92.866 | −0.067% | $67.9M | $40.2M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.872 | −0.060% | $382K | $847K | 10x | as long as short |
| SoDEX CRCL-USDshort | +0.0050% | 1h | 92.905 | −0.025% | $47K | $3K | 10x |
Coinbase International CRCL-PERP-INTX
Vest CRCL-USD-PERP
Bybit CRCLUSDT
Bitget CRCLUSDT
Phemex CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 92.810 | −0.127% | $1.0M | $3.8M | 10x | as long as short |
| QFEX CRCL-USD | +0.0055% | 1h | 92.890 | −0.041% | $1.3M | $1.6M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0072% | 1h | 92.090 | −0.902% | $38K | $172K | 30x | as long as short |
| Gate CRCL_USDT | +0.0079% | 8h | 92.970 | +0.045% | $7.5M | $25.3M | 50x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.910 | −0.019% | $139K | $139K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.970 | +0.045% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 93.030 | +0.110% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.980 | +0.056% | $927 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.928 | 0.000% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0109% | 8h | 92.886 | −0.045% | $427 | $477 | 5x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0181% | 1h | 92.870 | −0.062% | $5K | $415K | 10x | as long as short |
| Phoenix CRCL | +0.0197% | 1h | 93.210 | +0.303% | $28K | $66K | 10x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 92.860 | −0.073% | $93K | $210K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0218% | 4h | 93.043 | +0.123% | $53K | $270K | 10x | as long as short |
| Nado CRCL-PERP | +0.0291% | 1h | 92.851 | −0.083% | $155K | $94K | 3x | as long as short |
| Variational Omni CRCL | +0.0306% | 8h | 93.001 | +0.079% | $2.5M | $3.3M | — | as long as short |
| Lighter CRCL | +0.0312% | 1h | 92.973 | +0.048% | $3.0M | $2.1M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0315% | 8h | 92.930 | +0.002% | $22.9M | $56.7M | 50x | as long as short |
| Aster CRCLUSDT | +0.0379% | 8h | 93.020 | +0.099% | $1.1M | $4.4M | 20x | as long as short |
| Binance CRCLUSDTlong | +0.0385% | 8h | 92.928 | long leg | $107.5M | $352.0M | 50x | |
| Extended CRCL_24_5-USD | +0.0392% | 1h | 92.900 | −0.031% | $1.1M | $4.0M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0512% | 8h | 92.930 | +0.002% | $1.1M | $1.7M | 20x | as long as short |
| RISEx CRCL/USDC | +0.0528% | 1h | 92.925 | −0.003% | $417K | $233K | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0773% | 8h | 93.081 | +0.165% | $61K | $1.0M | 10x | as long as short |
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Injective CRCL/USDC PERP
Gate CRCL_USDT
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Deribit CRCL_USDC-PERPETUAL
Phoenix CRCL
Arcus CRCL-USD
edgeX CRCLUSDC
Nado CRCL-PERP
Variational Omni CRCL
Lighter CRCL
OKX CRCL-USDT-SWAP
Aster CRCLUSDT
Extended CRCL_24_5-USD
BloFin CRCL-USDT
RISEx CRCL/USDC
GRVT CRCL_USDT_Perp