CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h −0.011%

Price spread now: Ondo Perps against Coinbase International−0.152%7-day average −0.062% · you buy dearer than you sell

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

Long on Coinbase International Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.196%−$20 on $10k

Price spread, last 3 days (all we have)+0.158%+$16 · spread now −0.152%, 7d avg −0.062%

Together, before fees−0.038%+ Points / potential airdropOndo Perps: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.090% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.152% now, against its 7-day average of −0.062%). If the spread goes back, that is −$9 on $10k: about 5.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.196%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CRCL-PERP-INTX	91.990	−0.0008	get 0.0001% / 1h	35m 40s	$916K	$586K	10x
Short	Ondo Perps CRCL-USD.P	91.850	0.0050	get 0.0006% / 1h	35m 40s	$1.0M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Coinbase International. 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 Coinbase InternationalbpFee Ondo PerpsbpOrdersPrice spread, now −0.152%Rate

Funding earned: $12.26
Price spread: −0.152% → −0.062%: −$9.02
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$11.76
Costs to cover: 0.150%
Break-even: 13.7 days

Slippage unknown: Coinbase International: live order book, 33 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 Coinbase International live order book, 33 min ago	1.06 bp	6.1 bp −$6	10.6 bp −$106	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	−0.0361%	8h	92.140	+0.163%	$16.0M	$35.3M	25x	as long as short
Coinbase International CRCL-PERP-INTXlong	−0.0008%	1h	91.990	long leg	$916K	$586K	10x
Bybit CRCLUSDT	0.0000%	8h	92.100	+0.120%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.017	+0.029%	$420K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.140	+0.163%	$7.2M	$26.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.051	+0.066%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.790	−0.217%	$61K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.970	−0.022%	$1.0M	$49K	10x	as long as short
Vest CRCL-USD-PERP	+0.0002%	1h	91.830	−0.174%	—	$37K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0027%	1h	92.005	+0.017%	$2K	$23K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.134	+0.157%	$980K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.900	−0.098%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.066	+0.083%	$69.4M	$41.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.037	+0.051%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.990	0.000%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Pshort	+0.0050%	1h	91.850	−0.152%	$1.0M	$5.5M	10x
QFEX CRCL-USD	+0.0057%	1h	92.000	+0.011%	$1.3M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0076%	1h	92.130	+0.152%	$4K	$769K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0077%	8h	92.100	+0.120%	$21.7M	$60.3M	50x	as long as short
Binance CRCLUSDT	+0.0078%	8h	92.083	+0.101%	$105.1M	$393.1M	50x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	92.054	+0.069%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0081%	8h	92.066	+0.082%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0084%	8h	92.039	+0.053%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.094	+0.114%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.080	+0.098%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.780	−0.228%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.040	+0.054%	$918	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.085	+0.104%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0178%	1h	92.063	+0.079%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0200%	1h	92.140	+0.163%	$3.0M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	+0.370%	$1.1M	$1.1M	20x	as long as short
Phoenix CRCL	+0.0231%	1h	91.730	−0.283%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.270	+0.304%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0565%	4h	91.735	−0.277%	$23K	$267K	10x	as long as short