# CRCL funding rates and arbitrage

Updated 2026-10-29 22:36 UTC · https://afterfees.xyz/coin/CRCL

## Best CRCL arbitrage after every cost

No CRCL pair nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## CRCL funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [Backpack](https://afterfees.xyz/venues/backpack) | CRCL.US_USDC_PERP | 0.0275% | 1 h | +241.2% | +26.7% | $210.1K | 2026-10-29 23:00 |
| [RISEx](https://afterfees.xyz/venues/risex) | CRCL/USDC | 0.0063% | 1 h | +54.9% | — | $334.2K | 2026-10-29 23:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | xyz:CRCL | 0.0049% | 1 h | +42.7% | +6.9% | $87.7M | 2026-10-29 23:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | CRCL-USDC | 0.0048% | 1 h | +42.3% | — | $47.3K | 2026-10-29 23:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | CRCL | 0.0047% | 1 h | +41.2% | +12.6% | $989.2K | 2026-10-29 23:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | CRCL | 0.0043% | 1 h | +37.8% | +25.0% | — | 2026-10-29 23:00 |
| [Arcus](https://afterfees.xyz/venues/arcus) | CRCL-USD | 0.0040% | 1 h | +35.2% | +15.3% | $466.6K | 2026-10-29 23:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | CRCLUSDT | 0.0319% | 8 h | +34.9% | +8.2% | $28.2M | 2026-10-30 00:00 |
| [Lighter RH](https://afterfees.xyz/venues/lighterrh) | CRCL | 0.0038% | 1 h | +33.3% | +7.7% | $1.4M | 2026-10-29 23:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | NCSKCRCL2USD-USDT | 0.0296% | 8 h | +32.4% | +14.6% | $931.1K | 2026-10-30 00:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | CRCL-USD-PERP | 0.0275% | 8 h | +30.1% | — | $1.1K | 2026-10-30 00:00 |
| [Nado](https://afterfees.xyz/venues/nado) | CRCL-PERP_USDT0 | 0.0034% | 1 h | +30.0% | — | $171.5K | 2026-10-29 23:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | CRCLUSDT | 0.0222% | 8 h | +24.3% | −3.7% | $15.6M | 2026-10-30 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | CRCLUSDT | 0.0188% | 8 h | +20.6% | +4.6% | $128.2M | 2026-10-30 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | CRCLUSDT | 0.0186% | 8 h | +20.3% | — | — | 2026-10-30 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | CRCLSTOCK_USDT | 0.0185% | 8 h | +20.3% | +4.4% | $34.7M | 2026-10-30 00:00 |
| [Extended](https://afterfees.xyz/venues/extended) | CRCL_24_5-USD | 0.0023% | 1 h | +20.1% | +10.5% | $183.7K | 2026-10-29 23:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | CRCL_USDT_Perp | 0.0172% | 8 h | +18.8% | +0.1% | $70.4K | 2026-10-30 00:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | CRCL_PERP | 0.0171% | 8 h | +18.7% | +2.8% | $22.2M | 2026-10-30 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | CRCLUSDT | 0.0155% | 8 h | +16.9% | +4.6% | $1.4M | 2026-10-30 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | CRCL_USDT | 0.0151% | 8 h | +16.5% | +2.2% | $41.4M | 2026-10-30 00:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | CRCLUSDTM | 0.0139% | 8 h | +15.2% | +3.9% | $1.6M | 2026-10-30 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | CRCL-PERP | 0.0126% | 8 h | +13.8% | — | $1.1M | 2026-10-30 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | CRCL-USDT-SWAP | 0.0112% | 8 h | +12.3% | +8.0% | $30.3M | 2026-10-30 00:00 |
| [Pacifica](https://afterfees.xyz/venues/pacifica) | CRCL | 0.0013% | 1 h | +10.9% | +11.0% | $143.8K | 2026-10-29 23:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | CRCL-USDT | 0.0013% | 1 h | +10.9% | +10.9% | $858 | 2026-10-29 23:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | CRCLUSD-PERP | 0.0012% | 1 h | +10.6% | +11.3% | $31.6K | 2026-10-29 23:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | CRCLUSDT | 0.0058% | 8 h | +6.3% | +7.1% | — | 2026-10-30 00:00 |
| [QFEX](https://afterfees.xyz/venues/qfex) | CRCL-USD | 0.0006% | 1 h | +5.6% | — | $1.9M | 2026-10-29 23:00 |
| [Ondo Perps](https://afterfees.xyz/venues/ondo) | CRCL-USD.P | 0.0006% | 1 h | +5.5% | — | $1.6M | 2026-10-29 23:00 |
| [PopDEX](https://afterfees.xyz/venues/popdex) | CRCLUSDT | 0.0006% | 1 h | +5.5% | +2.1% | — | 2026-10-29 23:00 |
| [Phemex](https://afterfees.xyz/venues/phemex) | CRCLUSDT | 0.0000% | 4 h | 0.0% | — | $1.4M | 2026-10-30 00:00 |

## Cost to enter $10,000 of CRCL

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter | CRCL | 1.6 bp | order-book snapshot, 43 min old |
| Lighter RH | CRCL | 1.8 bp | order-book snapshot, 39 min old |
| Hyperliquid | xyz:CRCL | 2.2 bp | order-book snapshot, 9 min old |
| Extended | CRCL_24_5-USD | 4.1 bp | order-book snapshot, 41 min old |
| Binance | CRCLUSDT | 6.5 bp * | order-book snapshot, 28 min old |
| OKX | CRCL-USDT-SWAP | 7.2 bp * | order-book snapshot, 26 min old |
| GRVT | CRCL_USDT_Perp | 9.7 bp | order-book snapshot, 58 min old |
| Bitget | CRCLUSDT | 11.4 bp | order-book snapshot, 19 min old |
| Backpack | CRCL.US_USDC_PERP | 13.9 bp * | order-book snapshot, 1 min old |
| Gate | CRCL_USDT | 17.5 bp | order-book snapshot, 22 min old |
| Variational | CRCL-PERP | 3.7 bp | top of book only |
| Bybit | CRCLUSDT | 4.0 bp | top of book only |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account._

## Questions

**Is CRCL funding-rate arbitrage profitable right now?**

Not at $10,000 per side for 7 days: no CRCL pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.

**Which exchange has the highest CRCL funding rate?**

Backpack at +241.2% a year (0.0275% every 1 h); the lowest is Phemex at 0.0%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._