Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0183%/8h= −20.1% APRpaid last 24h −0.022%

Price spread now: Binance against RISEx+0.149%7-day average −0.038% · 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−$4as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.278%−$28 on $10k

Price spread, last 4 days (all we have)−0.237%−$24 · spread now +0.149%, 7d avg −0.038%

Together, before fees−0.515%−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.188% dearer against RISEx than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of −0.038%): +$19 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	91.340	0.0271	pay 0.0034% / 1h	45m 13s	$416K	$268K	10x
Short	Binance CRCLUSDT	91.476	0.0088	get 0.0088% / 8h	1h 45m	$104.6M	$397.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now +0.149%Rate

Funding earned: −$38.49
Price spread: +0.149% → −0.038%: $18.79
Slippage, 4 orders: −$7.19
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.9
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from RISEx: live order book, 63 min ago; Binance: live order book, 13 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 RISEx live order book, 63 min ago	2.18 bp	5.2 bp −$5	6.9 bp −$69	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.55 bp	6.6 bp −$7	10.1 bp −$101	31.1 bp −$3,109	139.9 bp −$69.9K

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	−0.0728%	8h	91.500	+0.175%	$17.4M	$37.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0084%	1h	91.120	−0.241%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.480	+0.153%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.490	+0.164%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.309	−0.034%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.440	+0.109%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.348	+0.008%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.340	0.000%	$93K	$289K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.378	+0.042%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.290	−0.055%	$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	91.310	−0.033%	$889K	$604K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.340	0.000%	$1.3M	$1.8M	10x	as long as short
Aster CRCLUSDT	+0.0075%	8h	91.473	+0.146%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDTshort	+0.0088%	8h	91.476	+0.149%	$104.6M	$397.6M	50x
Extended CRCL_24_5-USD	+0.0088%	1h	91.436	+0.105%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.290	−0.055%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.430	+0.099%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.240	−0.109%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.410	+0.077%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.476	+0.149%	$4	—	10x	as long as short
Lighter RH CRCL	+0.0136%	1h	91.502	+0.177%	$978K	$2.7M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0145%	1h	91.405	+0.071%	$67.7M	$44.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0171%	1h	91.410	+0.077%	$383K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0171%	8h	91.327	−0.014%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0181%	8h	91.343	+0.003%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0184%	8h	91.510	+0.186%	$22.2M	$62.7M	50x	as long as short
BloFin CRCL-USDT	+0.0208%	8h	91.490	+0.164%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.384	+0.048%	$27K	$82K	10x	as long as short
RISEx CRCL/USDClong	+0.0271%	1h	91.340	long leg	$416K	$268K	10x
Lighter CRCL	+0.0304%	1h	91.489	+0.163%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.930	+0.646%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0441%	1h	91.370	+0.033%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0516%	1h	91.460	+0.131%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0926%	4h	91.343	+0.003%	$52K	$278K	10x	as long as short