CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.19 per $10,000 · paid last 24h +0.041%

Price spread now: Phoenix against SoDEX−0.042%50s7-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 Phoenix

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. Phoenix is 0.042% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 23 hours of funding at the current rate (+$4 a day). The two prices were read 50 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	SoDEX CRCL-USD	92.710	0.0050	pay 0.0006% / 1h	5m 29s	$46K	$3K	10x
Short	Phoenix CRCL	92.671	0.0199	get 0.0025% / 1h	5m 29s	$27K	$66K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.042%Rate

Funding earned: $31.21
Price spread: −0.042% → 0.000%: −$4.21
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $12.01
Costs to cover: 0.150%
Break-even: 4.3 days

Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

SoDEX and 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 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	−0.0022%	1h	92.770	+0.065%	—	$30K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.060	+0.378%	$15.1M	$25.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.060	+0.378%	$18.2M	$33.7M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.740	+0.032%	$1.0M	$45K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.690	−0.022%	$858K	$700K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.062	+0.380%	$1.0M	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	92.639	−0.077%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.930	+0.237%	$67.9M	$40.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.000	+0.313%	$382K	$847K	10x	as long as short
SoDEX CRCL-USDlong	+0.0050%	1h	92.710	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	92.910	+0.216%	$1.1M	$3.8M	10x	as long as short
QFEX CRCL-USD	+0.0080%	1h	93.040	+0.356%	$1.3M	$1.6M	10x	as long as short
Gate CRCL_USDT	+0.0093%	8h	93.040	+0.356%	$7.4M	$26.0M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	93.030	+0.345%	$139K	$141K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.980	+0.291%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.550	−0.173%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.770	+0.065%	$925	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.787	+0.083%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0136%	8h	93.057	+0.375%	$428	$477	5x	as long as short
Phoenix CRCLshort	+0.0199%	1h	92.671	−0.042%	$27K	$66K	10x
Lighter CRCL	+0.0264%	1h	93.100	+0.421%	$3.0M	$2.1M	10x	as long as short
Variational Omni CRCL	+0.0303%	8h	92.823	+0.122%	$2.5M	$3.3M	—	as long as short
Nado CRCL-PERP	+0.0321%	1h	92.955	+0.264%	$152K	$107K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0340%	8h	93.010	+0.324%	$23.0M	$57.2M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	93.030	+0.345%	$94K	$226K	10x	as long as short
Aster CRCLUSDT	+0.0378%	8h	92.993	+0.305%	$1.1M	$4.5M	20x	as long as short
Extended CRCL_24_5-USD	+0.0384%	1h	93.041	+0.357%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0385%	8h	93.050	+0.367%	$107.7M	$356.0M	50x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	−0.669%	$38K	$172K	30x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	93.000	+0.313%	$417K	$243K	10x	as long as short
BloFin CRCL-USDT	+0.0500%	8h	92.760	+0.054%	$1.1M	$1.7M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0505%	1h	92.840	+0.140%	$5K	$470K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0795%	8h	92.663	−0.051%	$62K	$1.0M	10x	as long as short
edgeX CRCLUSDC	+0.0977%	4h	92.636	−0.080%	$53K	$269K	10x	as long as short