CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0132%/8h= −14.4% APRnext payment −$0.16 per $10,000 · paid last 24h −0.001%

Price spread now: Vest against Ondo Perps−0.164%50s7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Vest

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 airdropOndo Perps: Active · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Vest is 0.164% cheaper against Ondo Perps than usual: you would sell low and buy high (−$16 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	Ondo Perps CRCL-USD.P	91.570	0.0050	pay 0.0006% / 1h	7m 37s	$1.1M	$5.2M	10x
Short	Vest CRCL-USD-PERP	91.420	−0.0081	pay 0.0010% / 1h	7m 37s	—	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 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 Ondo PerpsbpFee VestbpOrdersPrice spread, now −0.164%Rate

Funding earned: −$27.64
Price spread: −0.164% → 0.000%: −$16.38
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Vest: 1 bp × 2 orders: −$2
Net: −$51.02
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Vest: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Ondo Perps and Vest: 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 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	−0.0899%	8h	91.790	+0.240%	$17.2M	$36.9M	25x	as long as short
Vest CRCL-USD-PERPshort	−0.0081%	1h	91.420	−0.164%	—	$31K	25x
Bybit CRCLUSDT	0.0000%	8h	91.740	+0.186%	$14.7M	$26.8M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.760	+0.207%	$7.7M	$27.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.539	−0.034%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.700	+0.142%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.728	+0.173%	$978K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.426	−0.158%	$2K	$27K	5x	as long as short
Aster CRCLUSDT	+0.0038%	8h	91.621	+0.056%	$1.0M	$5.1M	20x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.560	−0.011%	$93K	$289K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	91.712	+0.155%	$384K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.714	+0.157%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Plong	+0.0050%	1h	91.570	long leg	$1.1M	$5.2M	10x
QFEX CRCL-USD	+0.0054%	1h	91.720	+0.164%	$1.3M	$1.8M	10x	as long as short
Binance CRCLUSDT	+0.0056%	8h	91.740	+0.186%	$104.5M	$397.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0056%	1h	91.714	+0.157%	$1.0M	$5.7M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0067%	1h	91.676	+0.116%	$67.9M	$44.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.590	+0.022%	$892K	$606K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.720	+0.164%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.640	+0.076%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.470	−0.109%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.710	+0.153%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.726	+0.170%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.735	+0.180%	$418K	$283K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0134%	8h	91.536	−0.037%	$65K	$1.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0142%	8h	91.725	+0.169%	$422	$905	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0153%	8h	91.760	+0.207%	$22.3M	$62.8M	50x	as long as short
BloFin CRCL-USDT	+0.0169%	8h	91.700	+0.142%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.229	−0.372%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0256%	1h	91.740	+0.186%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0329%	1h	91.607	+0.040%	$134K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.770	+0.218%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0552%	4h	91.496	−0.081%	$52K	$277K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1060%	1h	91.720	+0.164%	$4K	$768K	10x	as long as short