Funding arb · Price arb / RWA

CRCL

RWAAll CRCL markets →

LONGInjective▾Injective −0.0440%Deribit 0.0000%Phemex 0.0000%QFEX +0.0034%Arcus +0.0038%Popdex +0.0048%Aftermath Perps +0.0048%Polymarket Perps +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%tradeXYZ +0.0057%Avantis +0.0068%KuCoin +0.0077%Paradex +0.0091%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Aevo +0.0104%RISEx +0.0105%GRVT +0.0139%Phoenix +0.0164%Lighter RH +0.0168%Bybit +0.0178%Variational Omni +0.0208%Vest Markets +0.0212%Binance +0.0293%Aster +0.0295%Extended +0.0296%Nado +0.0344%Bitget +0.0391%edgeX +0.0411%BloFin +0.0417%OKX +0.0424%Lighter +0.0464%Coinbase International +0.0808%Gate +0.1101%

⇄⇅

SHORTBingX▾Gate +0.1101%Coinbase International +0.0808%Lighter +0.0464%OKX +0.0424%BloFin +0.0417%BingX +0.0415%edgeX +0.0411%Bitget +0.0391%Nado +0.0344%Extended +0.0296%Aster +0.0295%Binance +0.0293%Vest Markets +0.0212%Variational Omni +0.0208%Bybit +0.0178%Lighter RH +0.0168%Phoenix +0.0164%GRVT +0.0139%RISEx +0.0105%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Paradex +0.0091%KuCoin +0.0077%tradeXYZ +0.0057%Ondo Perps +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Aftermath Perps +0.0048%Popdex +0.0048%Arcus +0.0038%QFEX +0.0034%Avantis −0.0032%Deribit 0.0000%Phemex 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	InjectiveCRCL/USDC PERP	82.982	−0.0440	get 0.0055% / 1h	31m 52s	$2K	$95K	25x	Long Injective
SHORT	BingXNCSKCRCL2USD-USDT	83.080	+0.0415	get 0.0415% / 8h	2h 31m	$931K	$7.9M	—	Short BingX

Price gap+0.118%106s

Funding gap+0.0855% /8h

Both sides work: funding pays +$26 a day on $10k, and the gap is 0.118% above zero (no 7-day history yet): +$12 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.331% in total, about +0.0157%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.118%

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

/8h

24H3D7D14D30D90D

InjectiveBingX

CRCL on 37 exchanges

lowest funding first

Before you open

0 ok · 4 to watch

• i
  Note: Order book unknown—

  No order-book sample for Injective: its slippage is not counted.
• i
  Note: Margin at max leverage$400 + —

  Injective 25x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long Injective · 1h+$13.20

  Short BingX · 8h+$12.45

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$25.65Long Injective: 24 payments, +$13.20; short BingX: 3 payments, +$12.45.
• !
  Watch: Prices read 106 s apart+0.118% vs —

  Part of this gap may be the market moving.
• !
  Watch: Long leg is thinner$2K vs $931K OI

  Injective sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCInjective No · BingX Yes

  Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0157%/8h × 21 periods+$33.06

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Injective—

Fee Injective bp × 2 orders−$0.02

Fee BingX bp × 2 orders−$10.00

Net, fees only · 7 days · $10k+$23.04

price spread not counted: prices read too far apart

Costs to cover0.100%Break-even2.1 days

Slippage: Injective: no order-book sample; BingX: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGInjective—————

SELL · SHORTBingX0.605.6 bp−$68.4 bp−$8416.3 bp−$1,62967.5 bp−$33.8K

Closing costs about the same again.
Injective: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

CRCL news

posts that mention CRCL or Circle Internet Group, from every exchangeSearch all news →

09-25 00:50	Injective	Token	The Injective Stockdrop officially starts next week. Anyone who participated in the $INJ BuyBack yesterday will be eligible to earn a stock token on Robinhood Chain. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
09-23 11:17	Bitget	Other	If you're already trading $S, $MSTR, $CRCL, $TSLA and other top stocks and commodities, why not check these campaigns to earn rewards too! ⤵️ @bitget on X ↗
09-21 13:35	gTrade (Gains Network)	Listing	new market CRCL/USD ($CRCL) seen by our collector
09-18 17:30	Vest Markets	Other	$COIN is rebounding from Tuesday's Senate defeat of the CLARITY Act, up around 12% on the session. The SEC issued a five-year innovation exemption that allows tokenized versions of U.S. stocks to trade on blockchain venues, with a comment period open. Crypto-linked equities are broadly higher, with $MSTR, $HOOD and $CRCL also up on the session. @VestExchange on X ↗
09-17 02:09	SoDEX	Other	📊 SoDEX 24h Movers · Sep 17 77 of 93 markets higher. The Fed's 25-basis-point rate hike dragged down US equities and crypto-related stocks, while select altcoins bucked the trend. Saudi efforts to restore pipeline capacity weighed on oil prices. What moved them $ZEC · Whale short positions face severe unrealized losses, potentially fueling a short squeeze. ARB · Tokenized card platform Deadstock completed a $2.5M seed round on Arbitrum. ONDO · Ondo's subsidiary became the first tokenized firm to join the DTCC Fund/SERV network. CRCL · Crypto-related stocks fell with the broader US market following the Fed rate hike. HOOD · Crypto-related stocks declined alongside the broader market after the Fed rate decision. 77 up · 15 down · 1 flat across 93 perp markets. 25 also trade spot. @sodex_official on X ↗
09-16 13:44	Deribit	Listing	🚨 Always Open. To More. Now live on Deribit: Trade 17 new equity and ETF perpetuals across technology, ETFs, semiconductors, fintech, and crypto linked equities. All settled in USDC. MSTR · CRCL · NVDA · MSFT · META · TSLA · AAPL · GOOGL · AMZN · QQQ · SPY · AMD · HOOD · INTC · MRVL · SPCX · TSM This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Deribit. Always Open. Equity, Commodity and Pre-IPO perpetuals are offered under the Limited Licence Approval Deribit FZE received from VARA, and are subject to the conditions, eligibility requirements and restrictions applicable to that approval. @DeribitOfficial on X ↗