CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0123%/8h= −13.5% APRnext payment −$0.15 per $10,000 · paid last 24h −0.031%

Price spread now: Aevo against Phoenix+0.053%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Aevo is 0.053% dearer against Phoenix than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRCL	91.164	0.0227	pay 0.0028% / 1h	10m 32s	$27K	$74K	10x
Short	Aevo CRCL-PERP	91.212	0.0104	get 0.0013% / 1h	10m 32s	$4	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now +0.053%Rate

Funding earned: −$25.89
Price spread: +0.053% → 0.000%: $5.28
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$43.61
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Aevo: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Phoenix and Aevo: 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	−0.0354%	8h	91.360	+0.215%	$17.5M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	90.940	−0.246%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.250	+0.094%	$7.8M	$27.9M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.230	+0.072%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.222	+0.064%	$982K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.174	+0.010%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.210	+0.050%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.200	+0.039%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	+0.050%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0059%	8h	91.250	+0.094%	$14.8M	$26.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.230	+0.072%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.103%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0090%	1h	91.145	−0.021%	$67.2M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.200	+0.039%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.210	+0.050%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.230	+0.072%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.200	+0.039%	$909	$1K	10x	as long as short
Aevo CRCL-PERPshort	+0.0104%	1h	91.212	+0.053%	$4	—	10x
Variational Omni CRCL	+0.0128%	8h	91.194	+0.032%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0154%	1h	91.209	+0.049%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0157%	8h	91.198	+0.037%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0191%	8h	91.241	+0.084%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0207%	8h	91.210	+0.050%	$104.7M	$389.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0208%	1h	91.196	+0.035%	$1.0M	$5.0M	10x	as long as short
Phoenix CRCLlong	+0.0227%	1h	91.164	long leg	$27K	$74K	10x
Lighter CRCL	+0.0240%	1h	91.219	+0.060%	$2.9M	$2.4M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	91.335	+0.188%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0284%	8h	91.220	+0.061%	$22.3M	$61.6M	50x	as long as short
BloFin CRCL-USDT	+0.0327%	8h	91.210	+0.050%	$1.1M	$1.7M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0409%	1h	91.160	−0.004%	$5K	$769K	10x	as long as short
Nado CRCL-PERP	+0.0433%	1h	91.122	−0.046%	$133K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.740	+0.632%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.225	+0.067%	$412K	$270K	10x	as long as short
edgeX CRCLUSDC	+0.0610%	4h	91.186	+0.024%	$52K	$271K	10x	as long as short