Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0311%/8h= +34.0% APRpaid last 24h −0.051%

Price spread now: RISEx against edgeX−0.091%7-day average +0.035% · 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−$44as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on edgeX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.248%−$25 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now −0.091%, 7d avg +0.035%

Together, before fees−0.304%+ Points / potential airdropedgeX: Active · farm board−$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.126% cheaper against edgeX than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of +0.035%). If the spread goes back, that is −$13 on $10k: about 32 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 3 days funding on this pair cost −0.248%, 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	edgeX CRCLUSDC	94.814	0.0223	pay 0.0112% / 4h	41m 13s	$24K	$269K	10x
Short	RISEx CRCL/USDC	94.728	0.0534	get 0.0067% / 1h	41m 13s	$432K	$312K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against edgeX. 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 edgeXbpFee RISExbpOrdersPrice spread, now −0.091%Rate

Funding earned: $65.28
Price spread: −0.091% → +0.035%: −$12.56
Slippage, 4 orders: −$16.81
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $20.91
Costs to cover: 0.318%
Break-even: 4.8 days

Slippage from edgeX: live order book, 36 min ago; RISEx: live order book, 37 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 edgeX live order book, 36 min ago	5.84 bp	11.1 bp −$11	22.7 bp −$227	doesn't fit	doesn't fit
Sell RISEx live order book, 37 min ago	1.59 bp	4.6 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit

CRCL on 34 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
Gate CRCL_USDT	0.0000%	8h	94.780	−0.036%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.770	−0.047%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.730	−0.089%	$1.4M	$2.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.321%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.740	−0.078%	—	$45K	25x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.757	−0.060%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.720	−0.099%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0052%	1h	94.731	−0.088%	$2K	$21K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0059%	1h	94.703	−0.117%	$367K	$1.1M	10x	as long as short
Lighter RH CRCL	+0.0080%	1h	94.774	−0.042%	$894K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	94.700	−0.120%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.720	−0.099%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.720	−0.099%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.750	−0.068%	$945	$3K	10x	as long as short
Bybit CRCLUSDT	+0.0104%	8h	94.740	−0.078%	$15.6M	$25.9M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.773	−0.043%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0122%	8h	94.663	−0.159%	$2.5M	$3.1M	—	as long as short
Paradex CRCL-USD-PERP	+0.0134%	8h	94.724	−0.095%	$777	$740	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0177%	8h	94.871	+0.060%	$61K	$1.1M	10x	as long as short
Extended CRCL_24_5-USD	+0.0192%	1h	94.739	−0.079%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0193%	8h	94.765	−0.052%	$109.6M	$390.0M	50x	as long as short
Aster CRCLUSDT	+0.0205%	8h	94.772	−0.044%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0206%	8h	94.750	−0.068%	$22.9M	$60.7M	50x	as long as short
edgeX CRCLUSDClong	+0.0223%	4h	94.814	long leg	$24K	$269K	10x
tradeXYZ xyz:CRCL	+0.0264%	1h	94.709	−0.111%	$71.1M	$42.9M	10x	as long as short
Phoenix CRCL	+0.0288%	1h	94.749	−0.069%	$28K	$92K	10x	as long as short
Nado CRCL-PERP	+0.0306%	1h	94.657	−0.166%	$127K	$73K	3x	as long as short
BloFin CRCL-USDT	+0.0313%	8h	94.810	−0.004%	$1.1M	$595K	20x	as long as short
Bitget CRCLUSDT	+0.0315%	8h	94.760	−0.057%	$16.9M	$35.4M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.787%	$5K	$19K	30x	as long as short
Lighter CRCL	+0.0448%	1h	94.789	−0.026%	$3.1M	$2.2M	10x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.710	−0.110%	$97K	$275K	10x	as long as short
RISEx CRCL/USDCshort	+0.0534%	1h	94.728	−0.091%	$432K	$312K	10x
Deribit CRCL_USDC-PERPETUAL	+0.1123%	1h	94.780	−0.036%	$4K	$772K	10x	as long as short