CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.19 per $10,000 · paid last 24h +0.034%

Price spread now: Phoenix against tradeXYZ−0.002%81s7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 81 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	tradeXYZ xyz:CRCL	91.217	0.0096	pay 0.0012% / 1h	38m 09s	$67.5M	$44.4M	10x
Short	Phoenix CRCL	91.215	0.0245	get 0.0031% / 1h	38m 09s	$27K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against tradeXYZ. 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 tradeXYZbpFee PhoenixbpOrdersPrice spread, now −0.002%Rate

Funding earned: $31.19
Price spread: −0.002% → 0.000%: −$0.22
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $5.98
Costs to cover: 0.250%
Break-even: 5.7 days

Slippage unknown: tradeXYZ: live order book, 11 min ago; 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 tradeXYZ live order book, 11 min ago	1.10 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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 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	−0.0723%	8h	91.330	+0.124%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	90.950	−0.293%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.310	+0.102%	$14.6M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.300	+0.091%	$7.8M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.349	+0.145%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.250	+0.036%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.239	+0.024%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.270	+0.058%	$93K	$289K	10x	as long as short
Lighter RH CRCL	+0.0048%	1h	91.292	+0.082%	$975K	$2.7M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.251	+0.037%	$46K	$3K	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	91.140	−0.084%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.019%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.230	+0.014%	$1.3M	$1.8M	10x	as long as short
Aster CRCLUSDT	+0.0082%	8h	91.308	+0.100%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0095%	8h	91.297	+0.088%	$104.4M	$397.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.229	+0.013%	$1.0M	$5.1M	10x	as long as short
tradeXYZ xyz:CRCLlong	+0.0096%	1h	91.217	long leg	$67.5M	$44.4M	10x
Pacifica CRCL	+0.0100%	1h	91.200	−0.019%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.230	+0.014%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.200	−0.019%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.240	+0.025%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.258	+0.045%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0136%	1h	91.216	−0.001%	$382K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0164%	8h	91.228	+0.013%	$420	$905	5x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0189%	1h	91.230	+0.014%	$5K	$769K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0189%	8h	91.388	+0.187%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0190%	8h	91.360	+0.157%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0216%	8h	91.280	+0.069%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCLshort	+0.0245%	1h	91.215	−0.002%	$27K	$82K	10x
RISEx CRCL/USDC	+0.0271%	1h	91.255	+0.042%	$415K	$268K	10x	as long as short
Lighter CRCL	+0.0296%	1h	91.294	+0.084%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0422%	1h	91.193	−0.027%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.650%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0709%	4h	91.353	+0.149%	$52K	$277K	10x	as long as short