Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 68.025 | +0.0100 | pay 0.0013% / 1h | 39m 36s | $155K | $648K | 10x | Long Bulk | |
| SHORT | 67.708 | +0.0423 | get 0.0423% / 8h | 7h 39m | $1.6M | $1.3M | 20x | Short Variational Omni+15% pts |
Price gap−0.467%
Funding gap+0.0323% /8h
Funding pays +$10 a day on $10k, but the gap is 0.459% under its 7d average: −$46 if it goes back, about 4.7 days of funding. At the last 7 days' pace that is about 11 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$17+0.0323% /8h now · paid +0.172% over the last 4 days (all we have)
Price−$46spread −0.467% now, avg −0.008% → −0.459% if it goes back
Costs−$380.379% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.467%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCRCL on 45 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books9.2 / 6.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Bulk 10x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$9.68Long Bulk: 24 payments, −$3.00; short Variational Omni: 3 payments, +$12.68.
- Watch: Gap narrower than usual−0.467% vs −0.008%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$155K vs $1.6M OIBulk sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legBulk No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0137%/8h × 21 periods+$28.85
Price spread−0.467% → −0.008% (7d avg)−$45.90
Slippage, 4 orderslive order books−$30.87
Fee Bulk bp × 2 orders−$7.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$54.93
Costs to cover0.379%Break-even20.3 days
Slippage: Bulk: live order book, 42 min ago; Variational Omni: RFQ quote, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBulk0.589.2 bp−$922.4 bp−$224doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.876.9 bp−$79.9 bp−$99doesn’t fitdoesn’t fit
Closing costs about the same again.
CRCL news
posts that mention CRCL or Circle Internet Group, from every exchange| 11-04 19:06 | Ondo Perps | Other | Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗ |
| 11-04 16:01 | Phoenix | Other | $13.9T of USDC moved onchain last quarter, up 49% from a year ago. Circle reported Q3 revenue of $865M this morning, up 17%. Trade $CRCL on Phoenix, 24/7. @PhoenixTrade on X ↗ |
| 11-03 16:43 | Entropy | Listing | New Listing: Circle ($CRCL) at 15x Leverage. @entropyIO on X ↗ |
| 11-03 16:03 | Entropy | Listing | new market io:CRCL ($CRCL) seen by our collector |
| 11-03 12:30 | OKX | Other | This week, $SHOP, $AMD, $CRCL & $QCOM report earnings after market close. Trade both names 24/7 with Tokenized Stocks, or take a long or short view with up to 10x leverage on X-Perps. Markets move. You do too. @okx on X ↗ |
| 11-03 11:10 | Bulk | Other | STOCK SZN CONTINUES Trade $NVDA, $CRCL and $MSTR up to 10x leverage! >Fees are 55% off on all RWAs >This weeks gauntlet is stock szn >You get to tell your parents your an equities investor What are you waiting for? @bulktrade on X ↗ |


Phoenix
OKX