CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0157%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.043%

Price spread now: Phoenix against Coinbase International+0.089%72s7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.089% dearer against Coinbase International than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CRCL-PERP-INTX	91.400	0.0088	pay 0.0011% / 1h	56m 26s	$890K	$420K	10x
Short	Phoenix CRCL	91.481	0.0245	get 0.0031% / 1h	56m 26s	$27K	$74K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Coinbase International. 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 Coinbase InternationalbpFee PhoenixbpOrdersPrice spread, now +0.089%Rate

Funding earned: $32.88
Price spread: +0.089% → 0.000%: $8.86
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $24.74
Costs to cover: 0.170%
Break-even: 1.7 days

Slippage unknown: Coinbase International: live order book, 47 min ago; 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 Coinbase International live order book, 47 min ago	1.10 bp	6.1 bp −$6	10.8 bp −$108	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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	−0.0349%	8h	91.570	+0.186%	$17.6M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	91.210	−0.208%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.560	+0.175%	$7.8M	$27.2M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.570	+0.186%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0010%	8h	91.520	+0.131%	$14.8M	$26.6M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.528	+0.140%	$978K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.497	+0.106%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.510	+0.120%	$98K	$293K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.478	+0.085%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.410	+0.011%	$1.1M	$5.0M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRCL	+0.0057%	8h	91.499	+0.108%	$2.4M	$3.2M	—	as long as short
QFEX CRCL-USD	+0.0071%	1h	91.510	+0.120%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTXlong	+0.0088%	1h	91.400	long leg	$890K	$420K	10x
Pacifica CRCL	+0.0100%	1h	91.536	+0.148%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.560	+0.175%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.440	+0.044%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.490	+0.098%	$912	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.503	+0.112%	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0144%	8h	91.548	+0.162%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0159%	8h	91.510	+0.120%	$105.1M	$395.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0160%	1h	91.484	+0.092%	$1.0M	$5.0M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0182%	8h	91.473	+0.080%	$421	$905	5x	as long as short
tradeXYZ xyz:CRCL	+0.0188%	1h	91.446	+0.050%	$67.7M	$44.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0201%	1h	91.495	+0.104%	$383K	$1.3M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0226%	8h	91.550	+0.164%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0242%	8h	91.510	+0.120%	$22.3M	$62.1M	50x	as long as short
Phoenix CRCLshort	+0.0245%	1h	91.481	+0.089%	$27K	$74K	10x
BloFin CRCL-USDT	+0.0278%	8h	91.570	+0.186%	$1.1M	$1.7M	20x	as long as short
Lighter CRCL	+0.0288%	1h	91.552	+0.166%	$2.9M	$2.3M	10x	as long as short
Nado CRCL-PERP	+0.0406%	1h	91.416	+0.018%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0406%	1h	91.470	+0.077%	$5K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.890	+0.536%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.530	+0.142%	$418K	$265K	10x	as long as short
edgeX CRCLUSDC	+0.0477%	4h	91.500	+0.109%	$52K	$278K	10x	as long as short