CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0390%/8h= +42.7% APRnext payment +$0.49 per $10,000 · paid last 24h +0.108%

Price spread now: Injective against SoDEX−0.513%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Injective

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

Funding pays, the price is against you. Injective is 0.513% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.513% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$51 on $10k: about 4.4 days of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CRCL-USD	92.565	0.0050	pay 0.0006% / 1h	10m 38s	$46K	$3K	10x
Short	Injective CRCL/USDC PERP	92.090	0.0440	get 0.0055% / 1h	10m 38s	$38K	$172K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.513%Rate

Funding earned: $81.9
Price spread: −0.513% → 0.000%: −$51.32
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $22.56
Costs to cover: 0.080%
Break-even: 5.1 days

Slippage unknown: SoDEX: no order-book sample; Injective: live order book, 41 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 Injective live order book, 41 min ago	21.77 bp	21.8 bp −$22	30.8 bp −$308	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
Vest CRCL-USD-PERP	−0.0021%	1h	92.350	−0.232%	—	$30K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.590	+0.027%	$15.0M	$25.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.570	+0.005%	$18.1M	$33.7M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.600	+0.038%	$1.0M	$45K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.490	−0.081%	$856K	$700K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.598	+0.036%	$1.0M	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	92.510	−0.059%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.465	−0.108%	$67.6M	$40.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.615	+0.054%	$380K	$850K	10x	as long as short
SoDEX CRCL-USDlong	+0.0050%	1h	92.565	long leg	$46K	$3K	10x

Show 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	92.400	−0.178%	$1.1M	$3.8M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0074%	1h	92.590	+0.027%	$5K	$470K	10x	as long as short
Gate CRCL_USDT	+0.0075%	8h	92.610	+0.049%	$7.4M	$25.9M	50x	as long as short
QFEX CRCL-USD	+0.0080%	1h	92.520	−0.049%	$1.3M	$1.6M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.510	−0.059%	$139K	$141K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.560	−0.005%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.550	−0.016%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.590	+0.027%	$923	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.603	+0.041%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0109%	8h	92.568	+0.003%	$426	$477	5x	as long as short
Phoenix CRCL	+0.0199%	1h	92.631	+0.071%	$27K	$66K	10x	as long as short
Lighter CRCL	+0.0240%	1h	92.607	+0.045%	$3.0M	$2.1M	10x	as long as short
Variational Omni CRCL	+0.0281%	8h	92.555	−0.011%	$2.5M	$3.3M	—	as long as short
Nado CRCL-PERP	+0.0312%	1h	92.585	+0.021%	$151K	$112K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0328%	8h	92.580	+0.016%	$22.8M	$57.0M	50x	as long as short
Aster CRCLUSDT	+0.0359%	8h	92.560	−0.005%	$1.1M	$4.5M	20x	as long as short
Extended CRCL_24_5-USD	+0.0360%	1h	92.529	−0.039%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0366%	8h	92.560	−0.006%	$107.1M	$357.9M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.550	−0.016%	$93K	$229K	10x	as long as short
Injective CRCL/USDC PERPshort	+0.0440%	1h	92.090	−0.513%	$38K	$172K	30x
edgeX CRCLUSDC	+0.0473%	4h	92.559	−0.006%	$53K	$270K	10x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	92.604	+0.042%	$415K	$243K	10x	as long as short
BloFin CRCL-USDT	+0.0484%	8h	92.540	−0.027%	$1.1M	$1.7M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0743%	8h	92.626	+0.066%	$70K	$1.0M	10x	as long as short