Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.003%
Price spread now: Aevo against tradeXYZ+0.028%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.028% dearer against tradeXYZ than usual: you sell high and buy low: +$3 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 | tradeXYZ xyz:CRCL | 92.021 | 0.0050 | pay 0.0006% / 1h | 14m 07s | $69.1M | $42.1M | 10x |
| Short | Aevo CRCL-PERP | 92.046 | 0.0104 | get 0.0013% / 1h | 14m 07s | $4 | — | 10x |
tradeXYZ xyz:CRCL
Aevo CRCL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against tradeXYZ. 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
- $11.34
- Price spread: +0.028% → 0.000%
- $2.76
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$19.9
- Costs to cover
- 0.340%
- Break-even
- 19.3 days
Slippage unknown: tradeXYZ: live order book, 5 min ago; Aevo: 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 tradeXYZ live order book, 5 min ago | 1.04 bp | 10.3 bp −$10 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 33 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 | −0.0847% | 8h | 92.130 | +0.118% | $16.1M | $35.6M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0044% | 1h | 91.810 | −0.229% | — | $40K | 25x | as long as short |
| Gate CRCL_USDT | −0.0025% | 8h | 92.080 | +0.064% | $7.1M | $26.8M | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.0008% | 1h | 91.980 | −0.045% | $912K | $586K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.100 | +0.086% | $15.0M | $25.9M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 92.001 | −0.021% | $420K | $299K | 10x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.928 | −0.101% | $2.4M | $3.2M | — | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 91.730 | −0.316% | $69K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.030 | +0.010% | $1.0M | $49K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0024% | 1h | 91.932 | −0.097% | $2K | $23K | 5x | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Gate CRCL_USDT
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
RISEx CRCL/USDC
Variational Omni CRCL
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Aftermath Perps CRCLUSDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH CRCL | +0.0032% | 1h | 92.091 | +0.076% | $975K | $2.9M | 10x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.920 | −0.110% | $93K | $273K | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.0048% | 1h | 92.015 | −0.006% | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | +0.0049% | 8h | 92.076 | +0.060% | $105.0M | $394.1M | 50x | as long as short |
| tradeXYZ xyz:CRCLlong | +0.0050% | 1h | 92.021 | long leg | $69.1M | $42.1M | 10x | |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.978 | −0.047% | $356K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 92.029 | +0.009% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.970 | −0.055% | $999K | $5.5M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0055% | 8h | 92.080 | +0.064% | $21.8M | $60.5M | 50x | as long as short |
| QFEX CRCL-USD | +0.0057% | 1h | 91.980 | −0.045% | $1.3M | $2.3M | 10x | as long as short |
| Aster CRCLUSDT | +0.0059% | 8h | 92.057 | +0.040% | $1.1M | $4.9M | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.0072% | 8h | 92.016 | −0.006% | $755 | $740 | 5x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0076% | 1h | 92.040 | +0.021% | $4K | $769K | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.006 | −0.016% | $133K | $158K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.010 | −0.012% | $2.9M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.720 | −0.327% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.030 | +0.010% | $918 | $3K | 10x | as long as short |
| Aevo CRCL-PERPshort | +0.0104% | 1h | 92.046 | +0.028% | $4 | — | 10x | |
| Nado CRCL-PERP | +0.0152% | 1h | 91.943 | −0.085% | $131K | $104K | 3x | as long as short |
| Lighter CRCL | +0.0200% | 1h | 92.099 | +0.085% | $3.0M | $2.4M | 10x | as long as short |
| Phoenix CRCL | +0.0231% | 1h | 91.952 | −0.075% | $27K | $92K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.500 | +0.521% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDC | +0.0678% | 4h | 91.707 | −0.341% | $23K | $268K | 10x | as long as short |
Lighter RH CRCL
Arcus CRCL-USD
Extended CRCL_24_5-USD
Binance CRCLUSDT
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
OKX CRCL-USDT-SWAP
QFEX CRCL-USD
Aster CRCLUSDT
Paradex CRCL-USD-PERP
Deribit CRCL_USDC-PERPETUAL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Nado CRCL-PERP
Lighter CRCL
Phoenix CRCL
Injective CRCL/USDC PERP
edgeX CRCLUSDC