CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0228%/8h= −24.9% APRnext payment −$2.28 per $10,000 · paid last 24h −0.035%

Price spread now: Orderly against OKX−0.184%50s7-day average — · you buy dearer than you sell

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

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Orderly is 0.184% cheaper against OKX than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	OKX CRCL-USDT-SWAP	92.610	0.0328	pay 0.0328% / 8h	6h 16m	$22.8M	$57.5M	50x
Short	Orderly PERP_CRCL_USDC_mythos	92.440	0.0100	get 0.0100% / 8h	6h 16m	$922	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against OKX. 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 OKXbpFee OrderlybpOrdersPrice spread, now −0.184%Rate

Funding earned: −$47.81
Price spread: −0.184% → 0.000%: −$18.36
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$82.16
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Orderly: 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 OKX live order book, 5 min ago	0.54 bp	8.2 bp −$8	15.2 bp −$152	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 exchanges

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
Vest CRCL-USD-PERP	−0.0021%	1h	92.430	−0.194%	—	$30K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.600	−0.011%	$15.0M	$25.2M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.620	+0.011%	$18.1M	$34.0M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.410	−0.216%	$1.0M	$45K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.390	−0.238%	$856K	$704K	10x	as long as short
edgeX CRCLUSDC	+0.0031%	4h	92.350	−0.281%	$53K	$269K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.544	−0.071%	$1.0M	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	92.338	−0.293%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.505	−0.113%	$67.7M	$40.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.559	−0.055%	$380K	$850K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0050%	1h	92.402	−0.225%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.400	−0.227%	$1.1M	$3.9M	10x	as long as short
Gate CRCL_USDT	+0.0064%	8h	92.570	−0.043%	$7.3M	$25.8M	50x	as long as short
QFEX CRCL-USD	+0.0080%	1h	92.560	−0.054%	$1.3M	$1.6M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.510	−0.108%	$139K	$141K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.410	−0.216%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.270	−0.367%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythosshort	+0.0100%	8h	92.440	−0.184%	$922	$1K	10x
Aevo CRCL-PERP	+0.0104%	1h	92.449	−0.174%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0107%	8h	92.530	−0.086%	$426	$477	5x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0183%	1h	92.420	−0.205%	$5K	$488K	10x	as long as short
Phoenix CRCL	+0.0199%	1h	92.370	−0.259%	$27K	$66K	10x	as long as short
Lighter CRCL	+0.0240%	1h	92.572	−0.041%	$3.0M	$2.1M	10x	as long as short
Variational Omni CRCL	+0.0258%	8h	92.386	−0.242%	$2.5M	$3.3M	—	as long as short
Nado CRCL-PERP	+0.0314%	1h	92.403	−0.223%	$151K	$112K	3x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0328%	8h	92.610	long leg	$22.8M	$57.5M	50x
Aster CRCLUSDT	+0.0350%	8h	92.560	−0.054%	$1.1M	$4.5M	20x	as long as short
Extended CRCL_24_5-USD	+0.0352%	1h	92.505	−0.113%	$1.1M	$4.2M	10x	as long as short
Binance CRCLUSDT	+0.0358%	8h	92.610	0.000%	$107.0M	$361.1M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.540	−0.076%	$96K	$226K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	−0.561%	$38K	$172K	30x	as long as short
BloFin CRCL-USDT	+0.0470%	8h	92.450	−0.173%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	92.590	−0.022%	$411K	$243K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0682%	8h	92.400	−0.227%	$70K	$1.0M	10x	as long as short