CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.029%

Price spread now: Extended against Polymarket Perps−0.006%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.006%, 7d avg +0.058%

Together, before fees+0.276%+ Points / potential airdropExtended: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.065% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.058%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.212%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	91.545	0.0128	pay 0.0016% / 1h	26m 15s	$383K	$1.3M	10x
Short	Extended CRCL_24_5-USD	91.539	0.0104	get 0.0013% / 1h	26m 15s	$1.0M	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Polymarket 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 Polymarket PerpsbpFee ExtendedbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$5.07
Price spread: −0.006% → +0.058%: −$6.47
Slippage, 4 orders: −$11.71
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$36.25
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Extended: live order book, 3 min ago.

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 Polymarket Perps live order book, 2 min ago	0.05 bp	8.9 bp −$9	9.3 bp −$93	11.2 bp −$1,125	doesn't fit
Sell Extended live order book, 3 min ago	0.99 bp	5.7 bp −$6	20.7 bp −$207	doesn't fit	doesn't fit

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	−0.0690%	8h	91.660	+0.126%	$17.5M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0088%	1h	91.280	−0.289%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.640	+0.104%	$14.7M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.630	+0.093%	$7.8M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.369	−0.192%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.550	+0.005%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.586	+0.045%	$978K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.348	−0.216%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.400	−0.158%	$95K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.548	+0.003%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.410	−0.147%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.377%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.550	+0.005%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0076%	1h	91.525	−0.022%	$67.7M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0088%	8h	91.578	+0.036%	$1.0M	$5.1M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	91.452	−0.102%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.490	−0.060%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.360	−0.202%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.550	+0.005%	$913	$2K	10x	as long as short
Binance CRCLUSDT	+0.0101%	8h	91.618	+0.080%	$104.6M	$397.4M	50x	as long as short
Extended CRCL_24_5-USDshort	+0.0104%	1h	91.539	−0.006%	$1.0M	$5.0M	10x
Aevo CRCL-PERP	+0.0104%	1h	91.575	+0.033%	$4	—	10x	as long as short
Polymarket Perps CRCL-USDlong	+0.0128%	1h	91.545	long leg	$383K	$1.3M	10x
Paradex CRCL-USD-PERP	+0.0153%	8h	91.528	−0.019%	$421	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0187%	8h	91.389	−0.171%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0200%	8h	91.590	+0.049%	$22.3M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0220%	8h	91.470	−0.082%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.318	−0.248%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.562	+0.019%	$417K	$268K	10x	as long as short
Lighter CRCL	+0.0272%	1h	91.585	+0.044%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0399%	1h	91.482	−0.068%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.920	+0.410%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0466%	4h	91.418	−0.139%	$52K	$276K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0625%	1h	91.550	+0.005%	$5K	$769K	10x	as long as short