CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0282%/8h= +30.8% APRnext payment +$0.35 per $10,000 · paid last 24h +0.062%

Price spread now: Nado against Polymarket Perps−0.086%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Polymarket Perps Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.138%+$14 on $10k

Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.086%, 7d avg +0.005%

Together, before fees+0.253%+ Points / potential airdropNado: Active · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.091% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of +0.005%). If the spread goes back, that is −$9 on $10k: about 26 hours of funding at the current rate (+$8 a day). At the pace of the last 4 days (+0.138% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	91.209	0.0152	pay 0.0019% / 1h	7m 28s	$377K	$1.3M	10x
Short	Nado CRCL-PERP	91.131	0.0433	get 0.0054% / 1h	7m 28s	$133K	$109K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.086%Rate

Funding earned: $59.13
Price spread: −0.086% → +0.005%: −$9.07
Slippage, 4 orders: −$15.87
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $19.2
Costs to cover: 0.309%
Break-even: 4.7 days

Slippage from Polymarket Perps: live order book, 1 min ago; Nado: live order book, 30 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, 1 min ago	2.36 bp	6.7 bp −$7	7.1 bp −$71	8.9 bp −$886	doesn't fit
Sell Nado live order book, 30 min ago	2.18 bp	9.7 bp −$10	26.2 bp −$262	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	−0.0355%	8h	91.300	+0.100%	$17.4M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0083%	1h	90.910	−0.328%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.220	+0.012%	$7.8M	$28.0M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.220	+0.012%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.198	−0.012%	$982K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.170	−0.043%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.180	−0.032%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.170	−0.043%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.150	−0.065%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0061%	8h	91.240	+0.034%	$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	91.170	−0.043%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.152%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0089%	1h	91.146	−0.069%	$67.2M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.150	−0.065%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.240	+0.034%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.120	−0.098%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.170	−0.043%	$909	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.199	−0.011%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0128%	8h	91.194	−0.017%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USDlong	+0.0152%	1h	91.209	long leg	$377K	$1.3M	10x
Paradex CRCL-USD-PERP	+0.0157%	8h	91.178	−0.034%	$419	$905	5x	as long as short
Aster CRCLUSDT	+0.0195%	8h	91.245	+0.040%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0208%	1h	91.160	−0.053%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0211%	8h	91.210	+0.001%	$104.8M	$389.3M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.187	−0.024%	$27K	$74K	10x	as long as short
Lighter CRCL	+0.0248%	1h	91.199	−0.011%	$2.9M	$2.4M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0250%	8h	91.217	+0.009%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0285%	8h	91.250	+0.045%	$22.3M	$61.7M	50x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0299%	1h	91.170	−0.043%	$5K	$769K	10x	as long as short
BloFin CRCL-USDT	+0.0329%	8h	91.200	−0.010%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERPshort	+0.0433%	1h	91.131	−0.086%	$133K	$109K	3x
Injective CRCL/USDC PERP	+0.0440%	1h	91.740	+0.582%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.224	+0.017%	$412K	$268K	10x	as long as short
edgeX CRCLUSDC	+0.0810%	4h	91.207	−0.002%	$52K	$269K	10x	as long as short