CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Ondo Perps against Pacifica−0.010%7-day average −0.093% · you buy dearer than you sell

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

Long on Pacifica Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now −0.010%, 7d avg −0.093%

Together, before fees−0.254%+ Points / potential airdropPacifica: Active · Ondo Perps: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.083% dearer against Pacifica than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.093%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	91.549	0.0100	pay 0.0013% / 1h	46m 07s	$134K	$162K	10x
Short	Ondo Perps CRCL-USD.P	91.540	0.0050	get 0.0006% / 1h	46m 07s	$1.0M	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Pacifica. 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 PacificabpFee Ondo PerpsbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$10.42
Price spread: −0.010% → −0.093%: $8.28
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$15.14
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 48 min ago; Ondo Perps: 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 Pacifica live order book, 48 min ago	6.53 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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 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	−0.0755%	8h	91.570	+0.023%	$16.7M	$36.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.270	−0.305%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.510	−0.043%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.540	−0.010%	$7.4M	$27.1M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.509	−0.044%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.510	−0.043%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0023%	8h	91.555	+0.006%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.541	−0.009%	$974K	$2.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0032%	1h	91.476	−0.080%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0034%	8h	91.524	−0.027%	$104.2M	$393.7M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.580	+0.034%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	91.521	−0.030%	$2K	$26K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.501	−0.053%	$383K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.491	−0.063%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Pshort	+0.0050%	1h	91.540	−0.010%	$1.0M	$5.1M	10x
QFEX CRCL-USD	+0.0054%	1h	91.550	+0.001%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.400	−0.163%	$911K	$521K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0074%	1h	91.483	−0.072%	$68.1M	$42.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0094%	8h	91.531	−0.020%	$421	$905	5x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.549	long leg	$134K	$162K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.520	−0.032%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.600	+0.056%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.530	−0.021%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.508	−0.045%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0110%	8h	91.680	+0.143%	$62K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0116%	8h	91.540	−0.010%	$22.2M	$61.9M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.550	+0.001%	$417K	$295K	10x	as long as short
BloFin CRCL-USDT	+0.0139%	8h	91.630	+0.088%	$1.1M	$1.6M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0187%	1h	91.520	−0.032%	$4K	$768K	10x	as long as short
Phoenix CRCL	+0.0210%	1h	91.658	+0.119%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0280%	1h	91.525	−0.026%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0342%	1h	91.484	−0.071%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.050	+0.547%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0927%	4h	91.615	+0.072%	$52K	$278K	10x	as long as short