CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h +0.045%

Price spread now: Phoenix against Polymarket Perps+0.313%59s7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.200%+$20 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.313% dearer against Polymarket Perps than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 59 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	Polymarket Perps CRCL-USD	90.864	0.0050	pay 0.0006% / 1h	26m 06s	$381K	$1.3M	10x
Short	Phoenix CRCL	91.148	0.0210	get 0.0026% / 1h	26m 06s	$27K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.313%Rate

Funding earned: $33.53
Price spread: +0.313% → 0.000%: $31.26
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $49.79
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 2 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 Polymarket Perps live order book, 2 min ago	2.42 bp	6.4 bp −$6	7.1 bp −$71	9.5 bp −$954	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	−0.0951%	8h	90.950	+0.095%	$16.6M	$36.4M	25x	as long as short
Vest CRCL-USD-PERP	−0.0073%	1h	90.590	−0.302%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	90.860	−0.004%	$14.5M	$26.8M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	90.940	+0.084%	$7.5M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	90.870	+0.007%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	90.870	+0.007%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0011%	8h	90.879	+0.017%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0023%	8h	90.867	+0.004%	$103.3M	$395.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	90.842	−0.024%	$1.0M	$5.7M	10x	as long as short
edgeX CRCLUSDC	+0.0027%	4h	91.211	+0.381%	$52K	$278K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	90.910	+0.051%	$970K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	90.950	+0.095%	$92K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.016	+0.168%	$2K	$26K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	90.812	−0.057%	$67.9M	$43.5M	10x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	90.864	long leg	$381K	$1.3M	10x
SoDEX CRCL-USD	+0.0050%	1h	90.802	−0.068%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	90.770	−0.103%	$999K	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	90.880	+0.018%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	90.670	−0.214%	$883K	$586K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0089%	8h	90.838	−0.029%	$418	$905	5x	as long as short
BloFin CRCL-USDT	+0.0096%	8h	90.820	−0.048%	$1.1M	$1.6M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	90.833	−0.034%	$133K	$161K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	90.880	+0.018%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.130	+0.293%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	90.860	−0.004%	$906	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	90.870	+0.006%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0105%	8h	91.230	+0.402%	$62K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0111%	8h	90.890	+0.029%	$21.9M	$61.8M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	90.861	−0.003%	$414K	$294K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0190%	1h	90.880	+0.018%	$4K	$768K	10x	as long as short
Lighter CRCL	+0.0208%	1h	90.907	+0.047%	$2.9M	$2.4M	10x	as long as short
Phoenix CRCLshort	+0.0210%	1h	91.148	+0.313%	$27K	$82K	10x
Nado CRCL-PERP	+0.0302%	1h	90.845	−0.020%	$132K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.650	+0.865%	$5K	$19K	30x	as long as short