Funding you earn now, next payment 11:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h +0.106%
Price spread now: Deribit against SoDEX+0.025%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.025% dearer against SoDEX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX CRCL-USD | 92.907 | 0.0050 | pay 0.0006% / 1h | 43m 46s | $47K | $3K | 10x |
| Short | Deribit CRCL_USDC-PERPETUAL | 92.930 | 0.0073 | get 0.0009% / 1h | 43m 46s | $5K | $415K | 10x |
SoDEX CRCL-USD
Deribit CRCL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.82
- Price spread: +0.025% → 0.000%
- $2.48
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$7.71
- Costs to cover
- 0.150%
- Break-even
- 18.2 days
Slippage unknown: SoDEX: no order-book sample; Deribit: live order book, 3 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 Deribit live order book, 3 min ago | 5.91 bp | 9.4 bp −$9 | 11.5 bp −$115 | doesn't fit | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0048% | 1h | 92.950 | +0.046% | $869K | $748K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.950 | +0.046% | $15.0M | $25.1M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 92.970 | +0.068% | $18.6M | $33.4M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.890 | −0.018% | $1.0M | $45K | 10x | as long as short |
| Vest CRCL-USD-PERP | 0.0000% | 1h | 92.850 | −0.061% | — | $30K | 25x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 92.949 | +0.045% | $998K | $2.5M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0041% | 1h | 92.974 | +0.072% | $2K | $29K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 92.860 | −0.051% | $67.8M | $40.2M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.851 | −0.060% | $381K | $847K | 10x | as long as short |
| SoDEX CRCL-USDlong | +0.0050% | 1h | 92.907 | long leg | $47K | $3K | 10x |
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
Bitget CRCLUSDT
Phemex CRCLUSDT
Vest CRCL-USD-PERP
Lighter RH CRCL
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 92.810 | −0.104% | $1.0M | $3.8M | 10x | as long as short |
| QFEX CRCL-USD | +0.0055% | 1h | 92.910 | +0.003% | $1.3M | $1.6M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0072% | 1h | 92.090 | −0.879% | $38K | $172K | 30x | as long as short |
| Deribit CRCL_USDC-PERPETUALshort | +0.0073% | 1h | 92.930 | +0.025% | $5K | $415K | 10x | |
| Gate CRCL_USDT | +0.0079% | 8h | 92.990 | +0.089% | $7.5M | $25.3M | 50x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.910 | +0.003% | $139K | $139K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.950 | +0.046% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 93.030 | +0.132% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.980 | +0.079% | $927 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.962 | +0.060% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0109% | 8h | 92.886 | −0.022% | $427 | $477 | 5x | as long as short |
| Phoenix CRCL | +0.0197% | 1h | 93.210 | +0.326% | $28K | $66K | 10x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 92.860 | −0.051% | $93K | $210K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0218% | 4h | 93.043 | +0.146% | $53K | $270K | 10x | as long as short |
| Nado CRCL-PERP | +0.0290% | 1h | 92.855 | −0.056% | $155K | $94K | 3x | as long as short |
| Variational Omni CRCL | +0.0306% | 8h | 93.001 | +0.101% | $2.5M | $3.3M | — | as long as short |
| OKX CRCL-USDT-SWAP | +0.0314% | 8h | 92.940 | +0.036% | $22.9M | $56.7M | 50x | as long as short |
| Lighter CRCL | +0.0320% | 1h | 92.979 | +0.077% | $3.0M | $2.1M | 10x | as long as short |
| Aster CRCLUSDT | +0.0375% | 8h | 92.988 | +0.088% | $1.1M | $4.4M | 20x | as long as short |
| Binance CRCLUSDT | +0.0378% | 8h | 92.938 | +0.033% | $107.5M | $352.2M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0384% | 1h | 92.879 | −0.030% | $1.1M | $4.0M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0512% | 8h | 92.930 | +0.025% | $1.1M | $1.7M | 20x | as long as short |
| RISEx CRCL/USDC | +0.0528% | 1h | 92.925 | +0.019% | $417K | $233K | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0773% | 8h | 93.081 | +0.187% | $61K | $1.0M | 10x | as long as short |
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Injective CRCL/USDC PERP
Gate CRCL_USDT
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Phoenix CRCL
Arcus CRCL-USD
edgeX CRCLUSDC
Nado CRCL-PERP
Variational Omni CRCL
OKX CRCL-USDT-SWAP
Lighter CRCL
Aster CRCLUSDT
Binance CRCLUSDT
Extended CRCL_24_5-USD
BloFin CRCL-USDT
RISEx CRCL/USDC
GRVT CRCL_USDT_Perp