CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0239%/8h= +26.2% APRnext payment +$0.30 per $10,000 · paid last 24h +0.008%

Price spread now: RISEx against Phoenix+0.149%110s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and RISEx is 0.149% dearer against Phoenix than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRCL	91.459	0.0227	pay 0.0028% / 1h	49m 34s	$27K	$74K	10x
Short	RISEx CRCL/USDC	91.595	0.0466	get 0.0058% / 1h	49m 34s	$410K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Phoenix. 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 PhoenixbpFee RISExbpOrdersPrice spread, now +0.149%Rate

Funding earned: $50.18
Price spread: +0.149% → 0.000%: $14.87
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $52.05
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; RISEx: live order book, 54 min ago. Net counts fees only.

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 Phoenix no order-book sample	—	—	—	—	—
Sell RISEx live order book, 54 min ago	1.64 bp	4.6 bp −$5	5.2 bp −$52	doesn't fit	doesn't fit

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0340%	8h	91.650	+0.209%	$17.6M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	91.210	−0.272%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.600	+0.154%	$7.8M	$27.3M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.530	+0.078%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0018%	8h	91.640	+0.198%	$14.8M	$26.6M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.609	+0.164%	$979K	$2.6M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.510	+0.056%	$97K	$293K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	91.464	+0.005%	$2K	$28K	5x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.516	+0.062%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.500	+0.045%	$1.1M	$5.0M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.570	+0.121%	$1.3M	$1.8M	10x	as long as short
Variational Omni CRCL	+0.0072%	8h	91.477	+0.020%	$2.4M	$3.3M	—	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.400	−0.065%	$890K	$415K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.590	+0.143%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.600	+0.154%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.460	+0.001%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.510	+0.056%	$912	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.532	+0.079%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0147%	1h	91.566	+0.117%	$67.8M	$43.8M	10x	as long as short
Aster CRCLUSDT	+0.0151%	8h	91.647	+0.205%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0166%	8h	91.613	+0.169%	$105.2M	$394.9M	50x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	91.555	+0.105%	$1.0M	$5.0M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0177%	8h	91.577	+0.129%	$421	$905	5x	as long as short
Polymarket Perps CRCL-USD	+0.0206%	1h	91.500	+0.045%	$379K	$1.3M	10x	as long as short
Phoenix CRCLlong	+0.0227%	1h	91.459	long leg	$27K	$74K	10x
GRVT CRCL_USDT_Perp	+0.0236%	8h	91.520	+0.067%	$69K	$1.1M	10x	as long as short
Lighter CRCL	+0.0240%	1h	91.609	+0.164%	$2.9M	$2.3M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0250%	8h	91.680	+0.242%	$22.3M	$62.2M	50x	as long as short
BloFin CRCL-USDT	+0.0284%	8h	91.520	+0.067%	$1.1M	$1.7M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0297%	1h	91.510	+0.056%	$5K	$769K	10x	as long as short
Nado CRCL-PERP	+0.0409%	1h	91.544	+0.093%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.990	+0.581%	$5K	$19K	30x	as long as short
RISEx CRCL/USDCshort	+0.0466%	1h	91.595	+0.149%	$410K	$270K	10x
edgeX CRCLUSDC	+0.0824%	4h	91.524	+0.071%	$52K	$277K	10x	as long as short