Funding you earn now, next payment 10:00 UTC−0.0365%/8h= −40.0% APRnext payment −$0.46 per $10,000 · paid last 24h −0.105%
Price spread now: Ondo Perps against Deribit−0.054%7-day average −0.094% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)+0.174%+$17 · spread now −0.054%, 7d avg −0.094%
=Together, before fees+0.021%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.040% dearer against Deribit than usual: you sell high and buy low (spread −0.054% now, against its 7-day average of −0.094%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 5 days (−0.153% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.153% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| 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 07s | $5K | $617K | 10x |
| Short | Ondo Perps CRCL-USD.P | 92.030 | −0.0072 | pay 0.0009% / 1h | 55m 07s | $1.1M | $4.2M | 10x |
Deribit CRCL_USDC-PERPETUAL
Ondo Perps CRCL-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$76.71
- Price spread: −0.054% → −0.094%
- $4.02
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$84.69
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 39 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 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.Pshort | −0.0072% | 1h | 92.030 | −0.054% | $1.1M | $4.2M | 10x | |
| Vest CRCL-USD-PERP | −0.0064% | 1h | 92.100 | +0.022% | — | $31K | 25x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 91.940 | −0.152% | $17.9M | $35.1M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.040 | −0.043% | $1.0M | $45K | 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 | 91.940 | −0.152% | $7.2M | $25.4M | 50x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 92.038 | −0.046% | $989K | $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 |
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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | +0.0061% | 1h | 91.872 | −0.226% | $67.3M | $42.9M | 10x | as long as short |
| QFEX CRCL-USD | +0.0080% | 1h | 92.080 | 0.000% | $1.4M | $1.6M | 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 | 92.090 | +0.011% | $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 | 91.980 | −0.109% | $14.9M | $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 | +0.0232% | 1h | 92.046 | −0.037% | $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 | 92.166 | +0.093% | $1.1M | $4.9M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0309% | 8h | 91.870 | −0.228% | $22.5M | $59.0M | 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 | 91.983 | −0.105% | $106.0M | $377.1M | 50x | as long as short |
| Nado CRCL-PERP | +0.0366% | 1h | 92.067 | −0.014% | $148K | $111K | 3x | as long as short |
| Arcus CRCL-USD | +0.0368% | 1h | 92.130 | +0.054% | $96K | $268K | 10x | as long as short |
| BloFin CRCL-USDT | +0.0436% | 8h | 92.070 | −0.011% | $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 |
tradeXYZ xyz:CRCL
QFEX CRCL-USD
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
Nado CRCL-PERP
Arcus CRCL-USD
BloFin CRCL-USDT
Injective CRCL/USDC PERP
RISEx CRCL/USDC
GRVT CRCL_USDT_Perp
edgeX CRCLUSDC