Funding you earn now, next payment 03:00 UTC+0.0154%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h +0.060%
Price spread now: Nado against Ondo Perps+0.005%7-day average +0.091% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)+0.400%+$40 · spread now +0.005%, 7d avg +0.091%
=Together, before fees+0.479%+ Points / potential airdropOndo Perps: Active · Nado: Active · farm board+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.086% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.091%). If the spread goes back, that is −$9 on $10k: about 45 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps CRCL-USD.P | 91.160 | 0.0050 | pay 0.0006% / 1h | 50m 14s | $973K | $5.1M | 10x |
| Short | Nado CRCL-PERP | 91.164 | 0.0205 | get 0.0026% / 1h | 50m 14s | $130K | $103K | 3x |
Ondo Perps CRCL-USD.P
Nado CRCL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Ondo Perps. 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
- $32.43
- Price spread: +0.005% → +0.091%
- −$8.6
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $11.83
- Costs to cover
- 0.120%
- Break-even
- 4.4 days
Slippage unknown: Ondo Perps: no order-book sample; Nado: live order book, 12 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 Nado live order book, 12 min ago | 3.81 bp | 7.5 bp −$7 | 25.2 bp −$252 | 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 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 | −0.1163% | 8h | 91.250 | +0.099% | $15.6M | $34.5M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0075% | 1h | 90.980 | −0.197% | — | $38K | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.0016% | 1h | 91.160 | 0.000% | $900K | $539K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.180 | +0.022% | $14.9M | $25.6M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 91.198 | +0.042% | $416K | $297K | 10x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.180 | +0.022% | $7.0M | $26.4M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.307 | +0.161% | $2.4M | $3.2M | — | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 91.480 | +0.351% | $67K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.170 | +0.011% | $1.0M | $49K | 10x | as long as short |
| Binance CRCLUSDT | +0.0016% | 8h | 91.129 | −0.034% | $103.5M | $383.4M | 50x | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
RISEx CRCL/USDC
Gate CRCL_USDT
Variational Omni CRCL
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Binance CRCLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CRCL_24_5-USD | +0.0016% | 1h | 91.108 | −0.057% | $1.1M | $5.7M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0023% | 1h | 91.468 | +0.338% | $2K | $23K | 5x | as long as short |
| QFEX CRCL-USD | +0.0023% | 1h | 91.230 | +0.077% | $1.3M | $2.2M | 10x | as long as short |
| Aster CRCLUSDT | +0.0025% | 8h | 91.185 | +0.028% | $1.1M | $4.9M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0030% | 8h | 91.170 | +0.011% | $21.4M | $58.9M | 50x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 91.311 | +0.166% | $970K | $2.9M | 10x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.440 | +0.307% | $93K | $270K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.111 | −0.054% | $68.2M | $41.0M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.110 | −0.055% | $353K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.140 | −0.022% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.Plong | +0.0050% | 1h | 91.160 | long leg | $973K | $5.1M | 10x | |
| edgeX CRCLUSDC | +0.0055% | 4h | 91.376 | +0.237% | $23K | $267K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0070% | 8h | 91.371 | +0.231% | $749 | $740 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.338 | +0.195% | $132K | $157K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.270 | +0.121% | $2.8M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.500 | +0.373% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.140 | −0.022% | $909 | $2K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.133 | −0.029% | $4 | — | 10x | as long as short |
| Phoenix CRCL | +0.0183% | 1h | 91.382 | +0.244% | $27K | $84K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0189% | 1h | 91.180 | +0.022% | $4K | $767K | 10x | as long as short |
| Nado CRCL-PERPshort | +0.0205% | 1h | 91.164 | +0.005% | $130K | $103K | 3x | |
| Lighter CRCL | +0.0280% | 1h | 91.369 | +0.229% | $2.9M | $2.4M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 91.900 | +0.812% | $5K | $19K | 30x | as long as short |
Extended CRCL_24_5-USD
Aftermath Perps CRCLUSD
QFEX CRCL-USD
Aster CRCLUSDT
OKX CRCL-USDT-SWAP
Lighter RH CRCL
Arcus CRCL-USD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
edgeX CRCLUSDC
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Phoenix CRCL
Deribit CRCL_USDC-PERPETUAL
Lighter CRCL
Injective CRCL/USDC PERP