CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.009%

Price spread now: Coinbase International against SoDEX+0.227%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 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. Coinbase International is 0.227% dearer against SoDEX than usual: you sell high and buy low (spread +0.227% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CRCL-USD	91.812	0.0264	pay 0.0033% / 1h	20m 40s	$46K	$3K	10x
Short	Coinbase International CRCL-PERP-INTX	92.020	0.0032	get 0.0004% / 1h	20m 40s	$947K	$567K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. 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 SoDEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.227%Rate

Funding earned: −$48.75
Price spread: +0.227% → 0.000%: $22.65
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$44.1
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Coinbase International: live order book, 13 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 13 min ago	0.55 bp	5.5 bp −$6	8.7 bp −$87	911.8 bp −$91.2K	doesn't fit

SoDEX: 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
Vest CRCL-USD-PERP	−0.0105%	1h	91.460	−0.383%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	91.970	+0.172%	$17.7M	$36.0M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.170	+0.390%	$1.0M	$47K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.983	+0.186%	$993K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTXshort	+0.0032%	1h	92.020	+0.227%	$947K	$567K	10x
Aftermath Perps CRCLUSD	+0.0035%	1h	91.168	−0.701%	$2K	$29K	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0040%	8h	91.320	−0.536%	$71K	$1.1M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.890	+0.085%	$96K	$278K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.807	−0.005%	$67.5M	$43.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.062	+0.272%	$380K	$999K	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	91.900	+0.096%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	92.010	+0.216%	$1.4M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.927	+0.125%	$135K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.900	+0.096%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.100	−0.775%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.250	+0.477%	$920	$1K	10x	as long as short
Bybit CRCLUSDT	+0.0102%	8h	91.960	+0.161%	$15.1M	$26.7M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.297	+0.528%	$4	—	10x	as long as short
Gate CRCL_USDT	+0.0115%	8h	91.970	+0.172%	$7.8M	$26.7M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0133%	8h	92.018	+0.224%	$423	$766	5x	as long as short
edgeX CRCLUSDC	+0.0154%	4h	91.204	−0.662%	$52K	$270K	10x	as long as short
Variational Omni CRCL	+0.0176%	8h	92.182	+0.403%	$2.4M	$3.3M	—	as long as short
Lighter CRCL	+0.0176%	1h	91.910	+0.107%	$3.0M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0233%	8h	92.085	+0.297%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0240%	1h	91.918	+0.115%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0250%	8h	91.960	+0.161%	$105.9M	$386.5M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	91.817	+0.005%	$27K	$66K	10x	as long as short
SoDEX CRCL-USDlong	+0.0264%	1h	91.812	long leg	$46K	$3K	10x
OKX CRCL-USDT-SWAP	+0.0296%	8h	91.980	+0.183%	$22.4M	$61.8M	50x	as long as short
Nado CRCL-PERP	+0.0352%	1h	92.118	+0.333%	$135K	$109K	3x	as long as short
BloFin CRCL-USDT	+0.0359%	8h	92.300	+0.532%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.920	+0.118%	$40K	$170K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.637	−0.191%	$414K	$256K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1052%	1h	92.310	+0.542%	$5K	$760K	10x	as long as short