Funding you earn now, next payment 03:00 UTC−0.0221%/8h= −24.2% APRnext payment −$0.28 per $10,000 · paid last 24h +0.021%
Price spread now: RISEx against Nado+0.097%7-day average +0.044% · 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−$20as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 3 days (all we have)+0.153%+$15 on $10k
+Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.097%, 7d avg +0.044%
=Together, before fees+0.003%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. RISEx is 0.053% dearer against Nado than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of +0.044%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 3 days funding on this pair paid +0.153%, 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 | Nado CRCL-PERP | 92.023 | 0.0221 | pay 0.0028% / 1h | 2m 07s | $131K | $104K | 3x |
| Short | RISEx CRCL/USDC | 92.112 | 0 | get 0.0000% / 1h | 2m 07s | $421K | $298K | 10x |
Nado CRCL-PERP
RISEx CRCL/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.32
- Price spread: +0.097% → +0.044%
- $5.33
- Slippage, 4 orders
- −$12.26
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$66.25
- Costs to cover
- 0.253%
- Break-even
- never at this rate
Slippage from Nado: live order book, 60 min ago; RISEx: live order book, 61 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 Nado live order book, 60 min ago | 3.81 bp | 8.5 bp −$9 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 61 min ago | 1.63 bp | 4.6 bp −$5 | 6.4 bp −$64 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CRCLUSDT | −0.1021% | 8h | 92.130 | +0.117% | $16.1M | $34.6M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0075% | 1h | 91.860 | −0.177% | — | $31K | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.0016% | 1h | 92.080 | +0.062% | $908K | $501K | 10x | as long as short |
| Aster CRCLUSDT | 0.0000% | 8h | 92.096 | +0.080% | $1.1M | $5.0M | 20x | as long as short |
| Extended CRCL_24_5-USD | 0.0000% | 1h | 92.078 | +0.061% | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | 0.0000% | 8h | 92.093 | +0.077% | $105.0M | $386.3M | 50x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.100 | +0.084% | $15.2M | $25.9M | 50x | as long as short |
| RISEx CRCL/USDCshort | 0.0000% | 1h | 92.112 | +0.097% | $421K | $298K | 10x | |
| Gate CRCL_USDT | 0.0000% | 8h | 92.120 | +0.106% | $7.2M | $27.0M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.967 | −0.060% | $2.5M | $3.2M | — | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Coinbase International CRCL-PERP-INTX
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
Bybit CRCLUSDT
Gate CRCL_USDT
Variational Omni CRCLShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 92.015 | −0.008% | $68K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.110 | +0.095% | $1.0M | $49K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0005% | 8h | 92.100 | +0.084% | $21.6M | $59.8M | 50x | as long as short |
| QFEX CRCL-USD | +0.0023% | 1h | 92.070 | +0.052% | $1.3M | $2.1M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0024% | 1h | 92.047 | +0.027% | $2K | $24K | 5x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 92.127 | +0.114% | $977K | $2.9M | 10x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 92.000 | −0.024% | $93K | $273K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 92.027 | +0.005% | $68.6M | $41.4M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.058 | +0.039% | $359K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 92.061 | +0.042% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 92.020 | −0.003% | $1.0M | $5.2M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0076% | 1h | 92.120 | +0.106% | $4K | $767K | 10x | as long as short |
| BloFin CRCL-USDT | +0.0080% | 8h | 92.040 | +0.019% | $1.1M | $1.3M | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.0082% | 8h | 92.155 | +0.144% | $756 | $740 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.125 | +0.111% | $133K | $156K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.080 | +0.062% | $2.7M | $2.0M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 92.000 | −0.024% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.070 | +0.052% | $918 | $2K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.068 | +0.050% | $4 | — | 10x | as long as short |
| Phoenix CRCL | +0.0183% | 1h | 92.176 | +0.167% | $27K | $84K | 10x | as long as short |
| Lighter CRCL | +0.0208% | 1h | 92.120 | +0.106% | $3.0M | $2.4M | 10x | as long as short |
| Nado CRCL-PERPlong | +0.0221% | 1h | 92.023 | long leg | $131K | $104K | 3x | |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.530 | +0.551% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDC | +0.0747% | 4h | 91.992 | −0.033% | $23K | $249K | 10x | as long as short |
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
OKX CRCL-USDT-SWAP
QFEX CRCL-USD
Aftermath Perps CRCLUSD
Lighter RH CRCL
Arcus CRCL-USD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
Deribit CRCL_USDC-PERPETUAL
BloFin CRCL-USDT
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Phoenix CRCL
Lighter CRCL
Injective CRCL/USDC PERP
edgeX CRCLUSDC