Funding you earn now, next payment 03:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.009%
Price spread now: tradeXYZ against Vest+0.126%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVest: Active · tradeXYZ: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and tradeXYZ is 0.126% dearer against Vest than usual: you sell high and buy low: +$13 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 | Vest CRCL-USD-PERP | 91.970 | −0.0074 | get 0.0009% / 1h | 59m 51s | — | $31K | 25x |
| Short | tradeXYZ xyz:CRCL | 92.086 | 0.0050 | get 0.0006% / 1h | 59m 51s | $68.6M | $41.4M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Vest. 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
- $26.14
- Price spread: +0.126% → 0.000%
- $12.61
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $18.75
- Costs to cover
- 0.200%
- Break-even
- 2.0 days
Slippage unknown: Vest: no order-book sample; tradeXYZ: live order book, 10 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 Vest no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 10 min ago | 1.19 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
Vest: 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 | −0.1001% | 8h | 92.160 | +0.207% | $16.2M | $34.6M | 25x | as long as short |
| Vest CRCL-USD-PERPlong | −0.0074% | 1h | 91.970 | long leg | — | $31K | 25x | |
| Coinbase International CRCL-PERP-INTX | −0.0016% | 1h | 92.080 | +0.120% | $908K | $501K | 10x | as long as short |
| Aster CRCLUSDT | 0.0000% | 8h | 92.115 | +0.158% | $1.1M | $4.9M | 20x | as long as short |
| Extended CRCL_24_5-USD | 0.0000% | 1h | 92.074 | +0.113% | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | 0.0000% | 8h | 92.091 | +0.132% | $105.0M | $386.1M | 50x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.130 | +0.174% | $15.2M | $25.9M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 92.208 | +0.258% | $421K | $298K | 10x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 92.150 | +0.196% | $7.2M | $27.0M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 92.126 | +0.170% | $2.5M | $3.2M | — | as long as short |
Show all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 92.034 | +0.070% | $68K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.180 | +0.228% | $1.0M | $49K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0006% | 8h | 92.130 | +0.174% | $21.6M | $59.8M | 50x | as long as short |
| Aftermath Perps CRCLUSD | +0.0023% | 1h | 92.065 | +0.103% | $2K | $24K | 5x | as long as short |
| QFEX CRCL-USD | +0.0023% | 1h | 92.180 | +0.228% | $1.3M | $2.0M | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 92.198 | +0.248% | $978K | $2.9M | 10x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 92.050 | +0.087% | $93K | $273K | 10x | as long as short |
| tradeXYZ xyz:CRCLshort | +0.0050% | 1h | 92.086 | +0.126% | $68.6M | $41.4M | 10x | |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.150 | +0.196% | $359K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 92.148 | +0.194% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 92.020 | +0.054% | $1.0M | $5.2M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0081% | 8h | 92.203 | +0.253% | $756 | $740 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.199 | +0.249% | $133K | $156K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.110 | +0.152% | $2.7M | $2.0M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 92.000 | +0.033% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.140 | +0.185% | $919 | $2K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.169 | +0.217% | $4 | — | 10x | as long as short |
| BloFin CRCL-USDT | +0.0120% | 8h | 92.180 | +0.228% | $1.1M | $1.3M | 20x | as long as short |
| Phoenix CRCL | +0.0183% | 1h | 92.176 | +0.224% | $27K | $84K | 10x | as long as short |
| Lighter CRCL | +0.0208% | 1h | 92.167 | +0.214% | $3.0M | $2.4M | 10x | as long as short |
| Nado CRCL-PERP | +0.0218% | 1h | 92.147 | +0.193% | $131K | $104K | 3x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0293% | 1h | 92.170 | +0.217% | $4K | $767K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.530 | +0.609% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDC | +0.0747% | 4h | 91.992 | +0.024% | $23K | $249K | 10x | as long as short |
tradeXYZ xyz:CRCL
Bitget CRCLUSDT
Coinbase International CRCL-PERP-INTX
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
Bybit CRCLUSDT
RISEx CRCL/USDC
Gate CRCL_USDT
Variational Omni CRCL
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
OKX CRCL-USDT-SWAP
Aftermath Perps CRCLUSD
Lighter RH CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
BloFin CRCL-USDT
Phoenix CRCL
Lighter CRCL
Deribit CRCL_USDC-PERPETUAL
Injective CRCL/USDC PERP
edgeX CRCLUSDC