CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.004%

Price spread now: Orderly against Bybit−0.033%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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. Orderly is 0.033% cheaper against Bybit than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRCLUSDT	91.410	0	get 0.0000% / 8h	1h 51m	$14.7M	$26.7M	50x
Short	Orderly PERP_CRCL_USDC_mythos	91.380	0.0100	get 0.0100% / 8h	1h 51m	$911	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now −0.033%Rate

Funding earned: $21
Price spread: −0.033% → 0.000%: −$3.28
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0.72
Costs to cover: 0.170%
Break-even: 6.8 days

Slippage unknown: Bybit: live order book, 2 min ago; Orderly: 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 Bybit live order book, 2 min ago	0.55 bp	10.1 bp −$10	16.0 bp −$160	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0737%	8h	91.460	+0.055%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0083%	1h	91.110	−0.328%	—	$31K	25x	as long as short
Bybit CRCLUSDTlong	0.0000%	8h	91.410	long leg	$14.7M	$26.7M	50x
Gate CRCL_USDT	0.0000%	8h	91.450	+0.044%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.489	+0.086%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.430	+0.022%	$1.0M	$48K	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.400	−0.011%	$93K	$289K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	91.369	−0.045%	$2K	$27K	5x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.375	−0.038%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.290	−0.131%	$1.1M	$5.2M	10x	as long as short

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	91.470	+0.066%	$891K	$605K	10x	as long as short
Aster CRCLUSDT	+0.0066%	8h	91.411	+0.001%	$1.0M	$5.1M	20x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.360	−0.055%	$1.3M	$1.8M	10x	as long as short
Binance CRCLUSDT	+0.0080%	8h	91.394	−0.017%	$104.5M	$397.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	91.375	−0.038%	$1.0M	$5.7M	10x	as long as short
Lighter RH CRCL	+0.0088%	1h	91.385	−0.027%	$976K	$2.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.330	−0.088%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.400	−0.011%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.330	−0.088%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythosshort	+0.0100%	8h	91.380	−0.033%	$911	$2K	10x
Aevo CRCL-PERP	+0.0104%	1h	91.396	−0.015%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0167%	8h	91.347	−0.069%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0173%	8h	91.430	+0.022%	$65K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0177%	8h	91.420	+0.011%	$22.2M	$62.6M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0182%	1h	91.340	−0.077%	$67.7M	$44.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0190%	1h	91.373	−0.040%	$383K	$1.3M	10x	as long as short
BloFin CRCL-USDT	+0.0197%	8h	91.390	−0.022%	$1.1M	$1.6M	20x	as long as short
edgeX CRCLUSDC	+0.0226%	4h	91.425	+0.016%	$52K	$277K	10x	as long as short
Phoenix CRCL	+0.0245%	1h	91.374	−0.039%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.375	−0.038%	$416K	$271K	10x	as long as short
Lighter CRCL	+0.0368%	1h	91.393	−0.019%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.930	+0.569%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0447%	1h	91.295	−0.126%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0736%	1h	91.370	−0.044%	$5K	$769K	10x	as long as short