CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0390%/8h= −42.7% APRnext payment −$0.49 per $10,000 · paid last 24h −0.104%

Price spread now: tradeXYZ against Injective−0.584%7-day average — · you buy dearer than you sell

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

Long on Injective Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.667%−$67 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and tradeXYZ is 0.584% cheaper against Injective than usual: you would sell low and buy high (−$58 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CRCL/USDC PERP	92.500	0.0440	pay 0.0055% / 1h	14m 34s	$5K	$19K	30x
Short	tradeXYZ xyz:CRCL	91.960	0.0050	get 0.0006% / 1h	14m 34s	$69.1M	$42.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Injective. 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 InjectivebpFee tradeXYZbpOrdersPrice spread, now −0.584%Rate

Funding earned: −$81.9
Price spread: −0.584% → 0.000%: −$58.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$158.3
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 5 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 5 min ago	1.04 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit

Injective: 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 33 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	−0.0847%	8h	92.060	−0.476%	$16.1M	$35.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0042%	1h	91.800	−0.757%	—	$40K	25x	as long as short
Gate CRCL_USDT	−0.0025%	8h	92.030	−0.508%	$7.1M	$26.8M	50x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.700	−0.865%	$913K	$580K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.020	−0.519%	$15.0M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.001	−0.539%	$420K	$299K	10x	as long as short
Variational Omni CRCL	0.0000%	8h	91.928	−0.618%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.730	−0.832%	$69K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.010	−0.530%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0024%	1h	91.908	−0.640%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.050	−0.486%	$975K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.920	−0.627%	$93K	$273K	10x	as long as short
Extended CRCL_24_5-USD	+0.0048%	1h	91.980	−0.562%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0049%	8h	92.005	−0.536%	$104.9M	$394.3M	50x	as long as short
tradeXYZ xyz:CRCLshort	+0.0050%	1h	91.960	−0.584%	$69.1M	$42.1M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	91.952	−0.592%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.995	−0.546%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.970	−0.573%	$999K	$5.5M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0056%	8h	92.020	−0.519%	$21.8M	$60.4M	50x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.980	−0.562%	$1.3M	$2.3M	10x	as long as short
Aster CRCLUSDT	+0.0059%	8h	92.031	−0.507%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0072%	8h	92.016	−0.524%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.006	−0.534%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.010	−0.530%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.720	−0.843%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.000	−0.541%	$917	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.014	−0.526%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0153%	1h	91.972	−0.571%	$131K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0185%	1h	92.040	−0.497%	$4K	$769K	10x	as long as short
Lighter CRCL	+0.0200%	1h	92.041	−0.496%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.952	−0.592%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERPlong	+0.0440%	1h	92.500	long leg	$5K	$19K	30x
edgeX CRCLUSDC	+0.0678%	4h	91.707	−0.857%	$23K	$268K	10x	as long as short