CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0185%/8h= −20.3% APRnext payment −$0.23 per $10,000 · paid last 24h −0.002%

Price spread now: RISEx against Deribit+0.022%7-day average +0.041% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.128%+$13 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now +0.022%, 7d avg +0.041%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.128%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CRCL_USDC-PERPETUAL	91.930	0.0185	pay 0.0023% / 1h	16m 25s	$4K	$769K	10x
Short	RISEx CRCL/USDC	91.950	0	get 0.0000% / 1h	16m 25s	$420K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Deribit. 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 DeribitbpFee RISExbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$38.91
Price spread: +0.022% → +0.041%: −$1.92
Slippage, 4 orders: −$16.98
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$70.81
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Deribit: live order book, 52 min ago; RISEx: live order book, 52 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 Deribit live order book, 52 min ago	0.53 bp	5.1 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit
Sell RISEx live order book, 52 min ago	2.65 bp	5.7 bp −$6	6.8 bp −$68	doesn't fit	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	−0.0822%	8h	92.070	+0.152%	$16.0M	$35.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0041%	1h	91.770	−0.174%	—	$40K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.700	−0.250%	$913K	$580K	10x	as long as short
Gate CRCL_USDT	−0.0004%	8h	92.060	+0.141%	$7.1M	$26.8M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.980	+0.054%	$15.0M	$25.9M	50x	as long as short
RISEx CRCL/USDCshort	0.0000%	1h	91.950	+0.022%	$420K	$299K	10x
Variational Omni CRCL	0.0000%	8h	91.938	+0.009%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.730	−0.218%	$69K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.980	+0.054%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0024%	1h	91.905	−0.028%	$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	92.001	+0.077%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.860	−0.076%	$93K	$273K	10x	as long as short
Extended CRCL_24_5-USD	+0.0048%	1h	91.926	−0.004%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0050%	8h	91.950	+0.022%	$104.8M	$394.2M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.944	+0.015%	$69.1M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.956	+0.028%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.895	−0.038%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.730	−0.218%	$999K	$5.5M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0057%	8h	91.960	+0.033%	$21.8M	$60.4M	50x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.950	+0.022%	$1.3M	$2.3M	10x	as long as short
Aster CRCLUSDT	+0.0059%	8h	91.982	+0.056%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0073%	8h	91.981	+0.055%	$754	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.992	+0.068%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.990	+0.065%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.720	−0.228%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.940	+0.011%	$917	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.923	−0.008%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0153%	1h	91.935	+0.005%	$131K	$103K	3x	as long as short
Deribit CRCL_USDC-PERPETUALlong	+0.0185%	1h	91.930	long leg	$4K	$769K	10x
Lighter CRCL	+0.0200%	1h	91.984	+0.059%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.850	−0.087%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.500	+0.620%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0678%	4h	91.707	−0.243%	$23K	$268K	10x	as long as short