Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0434%/8h= +47.5% APRpaid last 24h +0.086%

Price spread now: RISEx against KuCoin−0.016%7-day average +0.034% · 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−$82as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.246%+$25 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.016%, 7d avg +0.034%

Together, before fees+0.268%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.049% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.034%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRCLUSDTM	94.580	0.0100	pay 0.0100% / 8h	13m 11s	$3.0M	$1.9M	20x
Short	RISEx CRCL/USDC	94.565	0.0534	get 0.0067% / 1h	13m 11s	$431K	$303K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now −0.016%Rate

Funding earned: $91.16
Price spread: −0.016% → +0.034%: −$4.95
Slippage, 4 orders: −$59.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $8.87
Costs to cover: 0.773%
Break-even: 6.3 days

Slippage from KuCoin: live order book, 4 min ago; RISEx: live order book, 65 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 KuCoin live order book, 4 min ago	1.58 bp	35.6 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 65 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	94.540	−0.042%	$7.2M	$27.8M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.610	+0.032%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.530	−0.053%	$1.4M	$2.7M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.567	−0.014%	$893K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.074%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.520	−0.063%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.532	−0.051%	$366K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.537	−0.045%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.470	−0.116%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0051%	1h	94.598	+0.019%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRCLUSDT	+0.0097%	8h	94.530	−0.053%	$15.5M	$25.9M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	94.540	−0.042%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTMlong	+0.0100%	8h	94.580	long leg	$3.0M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	94.570	−0.011%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.560	−0.021%	$943	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.578	−0.002%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0114%	8h	94.553	−0.029%	$775	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0142%	1h	94.414	−0.176%	$71.5M	$43.6M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0186%	8h	94.500	−0.085%	$22.8M	$60.8M	50x	as long as short
Variational Omni CRCL	+0.0193%	8h	94.671	+0.097%	$2.5M	$3.1M	—	as long as short
Extended CRCL_24_5-USD	+0.0248%	1h	94.522	−0.061%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0249%	8h	94.470	−0.116%	$109.4M	$390.8M	50x	as long as short
Aster CRCLUSDT	+0.0251%	8h	94.560	−0.021%	$1.1M	$4.9M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	94.670	+0.095%	$54K	$1.1M	10x	as long as short
Nado CRCL-PERP	+0.0262%	1h	94.513	−0.071%	$132K	$76K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0279%	1h	94.530	−0.053%	$4K	$772K	10x	as long as short
Phoenix CRCL	+0.0288%	1h	94.530	−0.053%	$28K	$92K	10x	as long as short
Bitget CRCLUSDT	+0.0296%	8h	94.480	−0.106%	$16.9M	$35.5M	25x	as long as short
Lighter CRCL	+0.0320%	1h	94.576	−0.004%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0369%	8h	94.530	−0.053%	$1.1M	$599K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+1.036%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0477%	4h	94.619	+0.041%	$24K	$269K	10x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.550	−0.032%	$97K	$276K	10x	as long as short
RISEx CRCL/USDCshort	+0.0534%	1h	94.565	−0.016%	$431K	$303K	10x