CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0238%/8h= +26.0% APRnext payment +$0.30 per $10,000 · paid last 24h +0.034%

Price spread now: Extended against Ondo Perps−0.012%7-day average +0.100% · you buy dearer than you sell

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

Long on Ondo Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 7 days+1.177%+$118 · spread now −0.012%, 7d avg +0.100%

Together, before fees+1.376%+ Points / potential airdropOndo Perps: Active · Extended: Active · farm board+$138 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.111% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.100%). If the spread goes back, that is −$11 on $10k: about 37 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.199% in total) that is about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRCL-USD.P	95.290	0.0050	pay 0.0006% / 1h	5m 06s	$1.1M	$4.5M	10x
Short	Extended CRCL_24_5-USD	95.279	0.0288	get 0.0036% / 1h	5m 06s	$1.1M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee ExtendedbpOrdersPrice spread, now −0.012%Rate

Funding earned: $49.9
Price spread: −0.012% → +0.100%: −$11.12
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $28.78
Costs to cover: 0.100%
Break-even: 3.0 days

Slippage unknown: Ondo Perps: no order-book sample; Extended: live order book, 2 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Extended live order book, 2 min ago	0.42 bp	5.0 bp −$5	27.7 bp −$277	doesn't fit	doesn't fit

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 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
Coinbase International CRCL-PERP-INTX	−0.0024%	1h	95.270	−0.021%	$818K	$1.1M	10x	as long as short
RISEx CRCL/USDC	0.0000%	1h	95.390	+0.105%	$443K	$229K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	95.340	+0.052%	$1.1M	$47K	10x	as long as short
QFEX CRCL-USD	+0.0014%	1h	95.380	+0.094%	$1.4M	$1.8M	10x	as long as short
Gate CRCL_USDT	+0.0018%	8h	95.310	+0.021%	$7.8M	$29.1M	50x	as long as short
Bybit CRCLUSDT	+0.0022%	8h	95.300	+0.010%	$15.5M	$33.7M	50x	as long as short
Injective CRCL/USDC PERP	+0.0033%	1h	95.740	+0.472%	$39K	$174K	30x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	95.290	0.000%	—	$30K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0049%	1h	95.632	+0.359%	$2K	$29K	5x	as long as short
Ondo Perps CRCL-USD.Plong	+0.0050%	1h	95.290	long leg	$1.1M	$4.5M	10x

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0056%	1h	95.301	+0.012%	$1.1M	$3.2M	10x	as long as short
Arcus CRCL-USD	+0.0057%	1h	95.350	+0.063%	$106K	$317K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	95.375	+0.089%	$140K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	95.360	+0.073%	$2.5M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	95.500	+0.220%	$108K	$35K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	95.340	+0.052%	$600	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	95.298	+0.008%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0119%	1h	95.222	−0.071%	$70.2M	$47.0M	10x	as long as short
Phoenix CRCL	+0.0136%	1h	95.423	+0.140%	$30K	$94K	10x	as long as short
Bitget CRCLUSDT	+0.0142%	8h	95.320	+0.031%	$19.9M	$40.7M	25x	as long as short
Paradex CRCL-USD-PERP	+0.0186%	8h	95.324	+0.036%	$438	$477	5x	as long as short
Variational Omni CRCL	+0.0201%	8h	95.418	+0.134%	$2.6M	$3.4M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0284%	8h	95.330	+0.042%	$24.9M	$75.3M	50x	as long as short
SoDEX CRCL-USD	+0.0285%	1h	95.301	+0.012%	$48K	$3K	10x	as long as short
Binance CRCLUSDT	+0.0287%	8h	95.323	+0.034%	$118.4M	$436.5M	50x	as long as short
Extended CRCL_24_5-USDshort	+0.0288%	1h	95.279	−0.012%	$1.1M	$4.2M	10x
Aster CRCLUSDT	+0.0297%	8h	95.395	+0.110%	$1.1M	$5.3M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0337%	8h	95.615	+0.341%	$68K	$1.1M	10x	as long as short
edgeX CRCLUSDC	+0.0387%	4h	95.931	+0.672%	$55K	$278K	10x	as long as short
BloFin CRCL-USDT	+0.0411%	8h	95.310	+0.021%	$1.3M	$1.8M	20x	as long as short
Polymarket Perps CRCL-USD	+0.0426%	1h	95.304	+0.015%	$289K	$1.4M	10x	as long as short
Nado CRCL-PERP	+0.0475%	1h	95.293	+0.003%	$189K	$125K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0485%	1h	95.270	−0.021%	$5K	$407K	10x	as long as short
Lighter CRCL	+0.0528%	1h	95.350	+0.063%	$3.3M	$2.6M	10x	as long as short