Funding you earn now, next payment 10:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.09 per $10,000 · paid last 24h −0.038%
Price spread now: Nado against Deribit−0.014%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 4 days (all we have)−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.014%, 7d avg −0.009%
=Together, before fees+0.033%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.053%, 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 | Deribit CRCL_USDC-PERPETUAL | 92.080 | 0.0293 | pay 0.0037% / 1h | 55m 17s | $5K | $617K | 10x |
| Short | Nado CRCL-PERP | 92.067 | 0.0366 | get 0.0046% / 1h | 55m 17s | $148K | $111K | 3x |
Deribit CRCL_USDC-PERPETUAL
Nado CRCL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Deribit. 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
- $15.36
- Price spread: −0.014% → −0.009%
- −$0.46
- Slippage, 4 orders
- −$22.39
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$21.49
- Costs to cover
- 0.364%
- Break-even
- 16.8 days
Slippage from Deribit: live order book, 39 min ago; Nado: live order book, 37 min ago.
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 Deribit live order book, 39 min ago | 6.59 bp | 10.1 bp −$10 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Nado live order book, 37 min ago | 3.30 bp | 8.7 bp −$9 | 26.7 bp −$267 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.P | −0.0072% | 1h | 92.030 | −0.054% | $1.1M | $4.2M | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.0064% | 1h | 92.100 | +0.022% | — | $31K | 25x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 92.080 | 0.000% | $17.9M | $35.1M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.530 | +0.489% | $1.0M | $46K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0008% | 1h | 92.070 | −0.011% | $875K | $684K | 10x | as long as short |
| Gate CRCL_USDT | +0.0025% | 8h | 92.160 | +0.087% | $7.3M | $25.4M | 50x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 92.167 | +0.094% | $991K | $2.3M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0039% | 1h | 92.449 | +0.401% | $2K | $29K | 5x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.107 | +0.029% | $378K | $954K | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 92.050 | −0.033% | $46K | $3K | 10x | as long as short |
Ondo Perps CRCL-USD.P
Vest CRCL-USD-PERP
Bitget CRCLUSDT
Phemex CRCLUSDT
Coinbase International CRCL-PERP-INTX
Gate CRCL_USDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
Polymarket Perps CRCL-USD
SoDEX CRCL-USDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CRCL-USD | +0.0080% | 1h | 92.080 | 0.000% | $1.4M | $1.6M | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0085% | 1h | 92.035 | −0.049% | $67.4M | $42.9M | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.137 | +0.062% | $135K | $139K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.170 | +0.098% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 92.560 | +0.521% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.190 | +0.119% | $919 | $1K | 10x | as long as short |
| Bybit CRCLUSDT | +0.0101% | 8h | 92.110 | +0.033% | $15.0M | $25.9M | 50x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.100 | +0.022% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0159% | 8h | 92.110 | +0.032% | $424 | $766 | 5x | as long as short |
| Lighter CRCL | +0.0168% | 1h | 92.199 | +0.129% | $3.0M | $2.0M | 10x | as long as short |
| Variational Omni CRCL | +0.0249% | 8h | 92.487 | +0.442% | $2.4M | $3.2M | — | as long as short |
| Phoenix CRCL | +0.0254% | 1h | 92.574 | +0.536% | $27K | $66K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUALlong | +0.0293% | 1h | 92.080 | long leg | $5K | $617K | 10x | |
| Aster CRCLUSDT | +0.0305% | 8h | 92.258 | +0.194% | $1.1M | $4.9M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0309% | 8h | 92.110 | +0.033% | $22.6M | $59.2M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0312% | 1h | 92.073 | −0.008% | $1.1M | $5.0M | 10x | as long as short |
| Binance CRCLUSDT | +0.0316% | 8h | 92.100 | +0.022% | $106.1M | $377.0M | 50x | as long as short |
| Nado CRCL-PERPshort | +0.0366% | 1h | 92.067 | −0.014% | $148K | $111K | 3x | |
| Arcus CRCL-USD | +0.0368% | 1h | 92.130 | +0.054% | $96K | $268K | 10x | as long as short |
| BloFin CRCL-USDT | +0.0439% | 8h | 92.450 | +0.402% | $1.1M | $1.7M | 20x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 93.200 | +1.216% | $39K | $172K | 30x | as long as short |
| RISEx CRCL/USDC | +0.0479% | 1h | 92.133 | +0.057% | $412K | $255K | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0581% | 8h | 92.547 | +0.507% | $62K | $1.1M | 10x | as long as short |
| edgeX CRCLUSDC | +0.0591% | 4h | 92.448 | +0.400% | $53K | $268K | 10x | as long as short |
QFEX CRCL-USD
tradeXYZ xyz:CRCL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Bybit CRCLUSDT
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Lighter CRCL
Variational Omni CRCL
Phoenix CRCL
Aster CRCLUSDT
OKX CRCL-USDT-SWAP
Extended CRCL_24_5-USD
Binance CRCLUSDT
Arcus CRCL-USD
BloFin CRCL-USDT
Injective CRCL/USDC PERP
RISEx CRCL/USDC
GRVT CRCL_USDT_Perp
edgeX CRCLUSDC