Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0434%/8h= −47.5% APRpaid last 24h −0.086%

Price spread now: KuCoin against RISEx+0.069%7-day average −0.034% · 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−$67as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.246%−$25 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.069%, 7d avg −0.034%

Together, before fees−0.321%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.102% dearer against RISEx than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.034%): +$10 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	94.565	0.0534	pay 0.0067% / 1h	13m 38s	$431K	$303K	10x
Short	KuCoin CRCLUSDTM	94.630	0.0100	get 0.0100% / 8h	13m 38s	$3.0M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$91.16
Price spread: +0.069% → −0.034%: $10.24
Slippage, 4 orders: −$59.34
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$158.26
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from RISEx: live order book, 65 min ago; KuCoin: live order book, 4 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, 65 min ago	1.59 bp	4.6 bp −$5	5.0 bp −$50	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.58 bp	32.5 bp −$33	doesn't fit	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
Gate CRCL_USDT	0.0000%	8h	94.600	+0.037%	$7.2M	$27.8M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.610	+0.048%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.530	−0.037%	$1.4M	$2.7M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.606	+0.043%	$894K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.058%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.530	−0.037%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.541	−0.025%	$366K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.567	+0.002%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.470	−0.100%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0052%	1h	94.615	+0.053%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRCLUSDT	+0.0097%	8h	94.580	+0.016%	$15.5M	$25.9M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	94.540	−0.026%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	94.630	+0.069%	$3.0M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	94.590	+0.026%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.560	−0.005%	$943	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.611	+0.049%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0114%	8h	94.553	−0.013%	$775	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0145%	1h	94.544	−0.022%	$71.6M	$43.6M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0188%	8h	94.560	−0.005%	$22.8M	$60.8M	50x	as long as short
Variational Omni CRCL	+0.0193%	8h	94.671	+0.112%	$2.5M	$3.1M	—	as long as short
Extended CRCL_24_5-USD	+0.0248%	1h	94.533	−0.034%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0249%	8h	94.550	−0.016%	$109.4M	$390.8M	50x	as long as short
Aster CRCLUSDT	+0.0251%	8h	94.580	+0.016%	$1.1M	$4.9M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	94.670	+0.111%	$54K	$1.1M	10x	as long as short
Nado CRCL-PERP	+0.0266%	1h	94.568	+0.003%	$133K	$76K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0279%	1h	94.590	+0.026%	$4K	$772K	10x	as long as short
Phoenix CRCL	+0.0288%	1h	94.711	+0.154%	$28K	$92K	10x	as long as short
Bitget CRCLUSDT	+0.0296%	8h	94.580	+0.016%	$16.9M	$35.5M	25x	as long as short
Lighter CRCL	+0.0328%	1h	94.625	+0.063%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0372%	8h	94.670	+0.111%	$1.1M	$600K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+1.052%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.550	−0.016%	$97K	$276K	10x	as long as short
RISEx CRCL/USDClong	+0.0534%	1h	94.565	long leg	$431K	$303K	10x
edgeX CRCLUSDC	+0.0550%	4h	94.622	+0.060%	$24K	$269K	10x	as long as short