CRCL funding rates

CRCL perpetual funding is currently quoted across 15 venues, ranging from +0.0% to +30.3% APR. The most reliable delta-neutral pairing for CRCL right now is long Variational / short Decibel at +9.5% net APR (medium risk, ~1.7d to break even).

as of 2026-07-29 06:57 UTC
Best delta-neutral pairing
Long Variational / Short Decibel
+9.5% net APR
Backtested (30d)
+20.3%
Stability
87.7%
Risk
medium
Breakeven
~1.7d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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CRCL funding by exchange

ExchangeFunding APR
Phoenix+30.26%
Extended+29.78%
QFEX+17.52%
Decibel+14.02%
TradeXYZ+13.87%
Pacifica+10.95%
Paradex+7.81%
Ondo+5.52%
SoDEX+5.47%
Arcus+4.20%
Lighter+3.50%
Variational+0.00%
Aster+0.00%
Grvt+0.00%
EdgeX+0.00%

Frequently asked

What is the CRCL funding rate right now?

CRCL perpetual funding ranges from 0.00% to 30.26% APR across 15 exchanges we track; the widest delta-neutral spread is long Variational / short Decibel at 9.5% net APR.

Which exchange has the highest CRCL funding rate?

Phoenix currently has the highest at 30.26% APR. See the full ranking above.