CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0110%/8h= +12.0% APRnext payment +$0.14 per $10,000 · paid last 24h +0.030%

Price spread now: Phoenix against Pacifica−0.200%47s7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

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

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.200% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.200% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 6.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.081% in total) that is about 17 days. The two prices were read 47 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	Pacifica CRCL	91.665	0.0100	pay 0.0013% / 1h	50m 13s	$134K	$162K	10x
Short	Phoenix CRCL	91.482	0.0210	get 0.0026% / 1h	50m 13s	$27K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.200%Rate

Funding earned: $23.03
Price spread: −0.200% → 0.000%: −$19.98
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$11.94
Costs to cover: 0.150%
Break-even: 10.6 days

Slippage unknown: Pacifica: live order book, 44 min ago; Phoenix: 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, 44 min ago	6.53 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0748%	8h	91.710	+0.049%	$16.7M	$36.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.390	−0.300%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.630	−0.038%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.700	+0.038%	$7.4M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.669	+0.004%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.630	−0.038%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0024%	8h	91.682	+0.018%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.630	−0.038%	$975K	$2.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0032%	1h	91.615	−0.054%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0034%	8h	91.620	−0.049%	$104.4M	$393.5M	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	91.600	−0.071%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	91.609	−0.061%	$2K	$26K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.635	−0.033%	$384K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.588	−0.084%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.600	−0.071%	$1.0M	$5.1M	10x	as long as short
edgeX CRCLUSDC	+0.0053%	4h	91.553	−0.122%	$51K	$276K	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.660	−0.006%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0069%	1h	91.619	−0.050%	$68.1M	$42.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.400	−0.289%	$911K	$521K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0096%	8h	91.642	−0.026%	$422	$905	5x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.665	long leg	$134K	$162K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.640	−0.027%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.520	−0.158%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.660	−0.006%	$914	$2K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0104%	8h	91.609	−0.061%	$62K	$1.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.630	−0.039%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0114%	8h	91.630	−0.038%	$22.3M	$61.9M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.675	+0.011%	$417K	$299K	10x	as long as short
BloFin CRCL-USDT	+0.0138%	8h	91.700	+0.038%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCLshort	+0.0210%	1h	91.482	−0.200%	$27K	$82K	10x
Lighter CRCL	+0.0360%	1h	91.635	−0.033%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0370%	1h	91.585	−0.087%	$133K	$108K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0405%	1h	91.630	−0.038%	$4K	$768K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.050	+0.420%	$5K	$19K	30x	as long as short