CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0249%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h +0.057%

Price spread now: Injective against Nado+0.476%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.476% dearer against Nado than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CRCL-PERP	91.465	0.0191	pay 0.0024% / 1h	51m 12s	$130K	$103K	3x
Short	Injective CRCL/USDC PERP	91.900	0.0440	get 0.0055% / 1h	51m 12s	$5K	$19K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Nado. 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 NadobpFee InjectivebpOrdersPrice spread, now +0.476%Rate

Funding earned: $52.26
Price spread: +0.476% → 0.000%: $47.59
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $92.83
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: live order book, 11 min ago; Injective: 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 Nado live order book, 11 min ago	3.81 bp	8.5 bp −$9	27.0 bp −$270	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.1146%	8h	91.500	+0.039%	$15.7M	$34.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0074%	1h	91.250	−0.235%	—	$38K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.330	−0.147%	$901K	$540K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.420	−0.049%	$14.9M	$25.7M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.494	+0.032%	$418K	$297K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.390	−0.082%	$7.1M	$26.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.580	+0.126%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.480	+0.017%	$67K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.440	−0.027%	$1.0M	$49K	10x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.398	−0.073%	$1.1M	$5.7M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRCLUSDT	+0.0017%	8h	91.398	−0.073%	$103.8M	$383.4M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	91.516	+0.057%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.460	−0.005%	$1.3M	$2.2M	10x	as long as short
Aster CRCLUSDT	+0.0027%	8h	91.499	+0.038%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0031%	8h	91.450	−0.016%	$21.7M	$58.8M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.440	−0.027%	$970K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.470	+0.006%	$93K	$270K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.226	−0.261%	$68.3M	$41.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.474	+0.010%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.410	−0.060%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.400	−0.071%	$973K	$5.2M	10x	as long as short
edgeX CRCLUSDC	+0.0055%	4h	91.376	−0.097%	$23K	$267K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0070%	8h	91.555	+0.099%	$751	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.551	+0.094%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.480	+0.017%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.500	+0.039%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.410	−0.060%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.372	−0.101%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	91.382	−0.090%	$27K	$84K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0188%	1h	91.420	−0.049%	$4K	$767K	10x	as long as short
Nado CRCL-PERPlong	+0.0191%	1h	91.465	long leg	$130K	$103K	3x
Lighter CRCL	+0.0280%	1h	91.479	+0.016%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERPshort	+0.0440%	1h	91.900	+0.476%	$5K	$19K	30x