CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.065%

Price spread now: Coinbase International against RISEx−0.157%7-day average −0.073% · 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−$38as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on RISEx Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.182%−$18 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.157%, 7d avg −0.073%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.084% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	91.915	0.0107	pay 0.0013% / 1h	19m 04s	$419K	$299K	10x
Short	Coinbase International CRCL-PERP-INTX	91.770	0.0048	get 0.0006% / 1h	19m 04s	$911K	$519K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$12.43
Price spread: −0.157% → −0.073%: −$8.43
Slippage, 4 orders: −$13.58
Fee RISEx: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$50.45
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from RISEx: live order book, 34 min ago; Coinbase International: live order book, 34 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, 34 min ago	1.63 bp	4.6 bp −$5	6.6 bp −$66	doesn't fit	doesn't fit
Sell Coinbase International live order book, 34 min ago	4.88 bp	10.4 bp −$10	16.3 bp −$163	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	−0.0690%	8h	91.920	+0.006%	$16.7M	$35.8M	25x	as long as short
Vest CRCL-USD-PERP	−0.0061%	1h	91.680	−0.255%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.860	−0.059%	$14.8M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.960	+0.049%	$7.3M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.999	+0.092%	$2.5M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.920	+0.006%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0016%	8h	91.854	−0.066%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.790	−0.136%	$1.2M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0025%	8h	91.840	−0.081%	$104.6M	$392.5M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.916	+0.002%	$975K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0039%	1h	91.863	−0.056%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.880	−0.038%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTXshort	+0.0048%	1h	91.770	−0.157%	$911K	$519K	10x
tradeXYZ xyz:CRCL	+0.0050%	1h	91.823	−0.100%	$68.2M	$42.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.887	−0.030%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.878	−0.040%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.890	−0.027%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.890	−0.027%	$1.3M	$1.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0066%	8h	91.900	−0.016%	$423	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0087%	8h	92.030	+0.126%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0095%	8h	91.840	−0.081%	$22.3M	$61.7M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.897	−0.019%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.890	−0.027%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.910	−0.005%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.870	−0.048%	$916	$2K	10x	as long as short
BloFin CRCL-USDT	+0.0101%	8h	91.880	−0.038%	$1.1M	$1.6M	20x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.884	−0.033%	$4	—	10x	as long as short
RISEx CRCL/USDClong	+0.0107%	1h	91.915	long leg	$419K	$299K	10x
Phoenix CRCL	+0.0182%	1h	91.770	−0.157%	$27K	$82K	10x	as long as short
edgeX CRCLUSDC	+0.0226%	4h	91.934	+0.022%	$51K	$276K	10x	as long as short
Lighter CRCL	+0.0264%	1h	91.904	−0.012%	$3.0M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0294%	1h	91.890	−0.027%	$4K	$768K	10x	as long as short
Nado CRCL-PERP	+0.0358%	1h	91.885	−0.032%	$134K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.440	+0.572%	$5K	$19K	30x	as long as short