CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h −0.021%

Price spread now: Aftermath Perps against Phoenix+0.023%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 Aftermath Perps

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—needs both histories

The price spread pays, funding is against you. Aftermath Perps is 0.023% dearer against Phoenix than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRCL	91.674	0.0148	pay 0.0018% / 1h	38m 28s	$27K	$83K	10x
Short	Aftermath Perps CRCLUSD	91.695	0.0029	get 0.0004% / 1h	38m 28s	$2K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$24.95
Price spread: +0.023% → 0.000%: $2.3
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$38.65
Costs to cover: 0.160%
Break-even: never at this rate

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

Phoenix and Aftermath 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	−0.0988%	8h	91.710	+0.039%	$16.2M	$35.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.380	−0.321%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.572	−0.112%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.538	−0.148%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.638	−0.039%	$104.5M	$388.4M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.640	−0.037%	$14.9M	$26.3M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.580	−0.102%	$416K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.620	−0.059%	$7.2M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.678	+0.004%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.698	+0.026%	$65K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.600	−0.081%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0014%	8h	91.670	−0.004%	$21.9M	$60.6M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.600	−0.081%	$904K	$489K	10x	as long as short
edgeX CRCLUSDC	+0.0023%	4h	91.866	+0.210%	$51K	$275K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.580	−0.103%	$1.3M	$2.0M	10x	as long as short
Aftermath Perps CRCLUSDshort	+0.0029%	1h	91.695	+0.023%	$2K	$24K	5x
Lighter RH CRCL	+0.0032%	1h	91.590	−0.092%	$972K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.930	+0.279%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.512	−0.177%	$68.2M	$41.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.619	−0.060%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.530	−0.157%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.700	+0.028%	$992K	$5.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0078%	1h	91.510	−0.179%	$4K	$767K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0087%	8h	91.545	−0.141%	$421	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.556	−0.128%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.550	−0.135%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.630	−0.048%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.560	−0.124%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.525	−0.163%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.630	−0.048%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCLlong	+0.0148%	1h	91.674	long leg	$27K	$83K	10x
Lighter CRCL	+0.0184%	1h	91.595	−0.086%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0298%	1h	91.583	−0.099%	$130K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.190	+0.563%	$5K	$19K	30x	as long as short