Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.014%

Price spread now: RISEx against OKX0.000%7-day average +0.014% · 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−$26as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.254%+$25 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now 0.000%, 7d avg +0.014%

Together, before fees+0.135%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	91.460	0.0175	pay 0.0175% / 8h	1h 53m	$22.2M	$62.6M	50x
Short	RISEx CRCL/USDC	91.460	0.0271	get 0.0034% / 1h	53m 00s	$416K	$271K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now 0.000%Rate

Funding earned: $20.19
Price spread: 0.000% → +0.014%: −$1.41
Slippage, 4 orders: −$8.73
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$5.95
Costs to cover: 0.247%
Break-even: 9.1 days

Slippage from OKX: live order book, 1 min ago; RISEx: live order book, 55 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 OKX live order book, 1 min ago	0.55 bp	7.6 bp −$8	14.9 bp −$149	doesn't fit	doesn't fit
Sell RISEx live order book, 55 min ago	2.18 bp	5.2 bp −$5	6.3 bp −$63	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	−0.0740%	8h	91.520	+0.066%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0083%	1h	91.160	−0.328%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.420	−0.044%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.460	0.000%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.489	+0.032%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.470	+0.011%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.435	−0.028%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.460	0.000%	$93K	$289K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.388	−0.079%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.360	−0.109%	$1.1M	$5.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.470	+0.011%	$891K	$605K	10x	as long as short
edgeX CRCLUSDC	+0.0056%	4h	91.472	+0.013%	$52K	$277K	10x	as long as short
Aster CRCLUSDT	+0.0063%	8h	91.460	0.000%	$1.0M	$5.1M	20x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.460	0.000%	$1.3M	$1.8M	10x	as long as short
Binance CRCLUSDT	+0.0077%	8h	91.435	−0.028%	$104.6M	$397.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	91.408	−0.057%	$1.0M	$5.7M	10x	as long as short
Lighter RH CRCL	+0.0096%	1h	91.429	−0.034%	$977K	$2.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.410	−0.055%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.440	−0.022%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.410	−0.055%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.420	−0.044%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.408	−0.057%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0168%	8h	91.426	−0.037%	$421	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0169%	8h	91.480	+0.022%	$65K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0175%	8h	91.460	long leg	$22.2M	$62.6M	50x
BloFin CRCL-USDT	+0.0197%	8h	91.390	−0.077%	$1.1M	$1.6M	20x	as long as short
tradeXYZ xyz:CRCL	+0.0207%	1h	91.376	−0.092%	$67.7M	$44.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0214%	1h	91.392	−0.074%	$383K	$1.3M	10x	as long as short
Phoenix CRCL	+0.0245%	1h	91.554	+0.103%	$27K	$82K	10x	as long as short
RISEx CRCL/USDCshort	+0.0271%	1h	91.460	0.000%	$416K	$271K	10x
Lighter CRCL	+0.0344%	1h	91.443	−0.019%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.930	+0.514%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0464%	1h	91.335	−0.137%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0516%	1h	91.400	−0.066%	$5K	$769K	10x	as long as short