CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.063%

Price spread now: Polymarket Perps against Arcus−0.163%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on Arcus Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.163%, 7d avg +0.016%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.180% cheaper against Arcus than usual: you would sell low and buy high (spread −0.163% now, against its 7-day average of +0.016%). If the spread goes back, that is −$18 on $10k: about 2 months of funding at the current rate ($0 a day). Mind the row above: over the last 3 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CRCL-USD	91.860	0.0040	pay 0.0005% / 1h	59m 50s	$93K	$269K	10x
Short	Polymarket Perps CRCL-USD	91.710	0.0050	get 0.0006% / 1h	59m 50s	$355K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Arcus. 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 ArcusbpFee Polymarket PerpsbpOrdersPrice spread, now −0.163%Rate

Funding earned: $2.04
Price spread: −0.163% → +0.016%: −$17.98
Slippage, 4 orders: −$24.16
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$52.6
Costs to cover: 0.367%
Break-even: 187.3 days

Slippage from Arcus: live order book, 4 min ago; Polymarket Perps: live order book, 3 min ago.

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 Arcus live order book, 4 min ago	3.81 bp	10.9 bp −$11	14.4 bp −$144	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.12 bp	9.0 bp −$9	9.3 bp −$93	10.9 bp −$1,092	doesn't fit

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	−0.0985%	8h	91.900	+0.044%	$15.9M	$34.4M	25x	as long as short
Vest CRCL-USD-PERP	−0.0066%	1h	91.540	−0.348%	—	$40K	25x	as long as short
Gate CRCL_USDT	−0.0042%	8h	91.790	−0.076%	$7.1M	$27.0M	50x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.840	−0.022%	$906K	$552K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.860	0.000%	$15.0M	$25.6M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.750	−0.120%	$419K	$297K	10x	as long as short
Variational Omni CRCL	0.0000%	8h	91.759	−0.110%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.980	+0.131%	$63K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.750	−0.120%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0024%	1h	91.843	−0.018%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	91.768	−0.100%	$972K	$2.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0040%	1h	91.732	−0.140%	$1.1M	$5.7M	10x	as long as short
Arcus CRCL-USDlong	+0.0040%	1h	91.860	long leg	$93K	$269K	10x
OKX CRCL-USDT-SWAP	+0.0043%	8h	91.860	0.000%	$21.7M	$58.9M	50x	as long as short
Binance CRCLUSDT	+0.0043%	8h	91.834	−0.029%	$104.6M	$383.7M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.809	−0.056%	$68.9M	$41.1M	10x	as long as short
Polymarket Perps CRCL-USDshort	+0.0050%	1h	91.710	−0.163%	$355K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	91.726	−0.146%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.630	−0.250%	$1.0M	$5.3M	10x	as long as short
Aster CRCLUSDT	+0.0051%	8h	91.763	−0.106%	$1.1M	$4.9M	20x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.750	−0.120%	$1.3M	$2.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0071%	8h	91.769	−0.099%	$753	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.765	−0.104%	$132K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.830	−0.033%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.910	+0.054%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.710	−0.163%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.714	−0.159%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0171%	1h	91.722	−0.150%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0208%	1h	91.791	−0.075%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	92.028	+0.183%	$27K	$92K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0295%	1h	91.740	−0.131%	$4K	$768K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.370	+0.555%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0786%	4h	91.980	+0.131%	$23K	$268K	10x	as long as short