Settings8H · net · $10k
Funding arb · Price arb /

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0477%/8h= −52.2% APRnext payment $0.60 per $10,000 · paid last 24h −0.061%
Price spread now: Ondo Perps against RISEx−0.064%7-day average −0.134% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.259%−$26 on $10k
Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.064%, 7d avg −0.134%
Together, before fees−0.254%+ Points / potential airdropOndo Perps: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.069% dearer against RISEx than usual: you sell high and buy low (spread −0.064% now, against its 7-day average of −0.134%): +$7 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 4 days (−0.259% in total) that is about 25 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx CRCL/USDC93.0400.0528pay 0.0066% / 1h45m 51s$417K$234K10x
ShortOndo Perps CRCL-USD.P92.9800.0050get 0.0006% / 1h45m 51s$1.0M$3.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$100.2
Price spread: −0.064% → −0.134%
$6.93
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$104.27
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, just now; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, just now2.15 bp5.2 bp −$56.3 bp −$63doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International CRCL-PERP-INTX−0.0048%1h92.950−0.097%$869K$749K10xas long as short
Vest CRCL-USD-PERP−0.0002%1h93.000−0.043%$30K25xas long as short
Bybit CRCLUSDT0.0000%8h92.900−0.150%$15.0M$25.1M50xas long as short
Bitget CRCLUSDT0.0000%8h92.930−0.118%$18.6M$33.5M25xas long as short
Phemex CRCLUSDT0.0000%4h92.980−0.064%$1.0M$45K10xas long as short
Lighter RH CRCL+0.0032%1h92.931−0.117%$998K$2.5M10xas long as short
Aftermath Perps CRCLUSD+0.0042%1h93.0400.000%$2K$29K5xas long as short
tradeXYZ xyz:CRCL+0.0050%1h92.824−0.232%$67.8M$40.2M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h93.010−0.032%$382K$847K10xas long as short
SoDEX CRCL-USD+0.0050%1h92.978−0.067%$47K$3K10xas long as short
Show all 34 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps CRCL-USD.Pshort+0.0050%1h92.980−0.064%$1.0M$3.8M10x
QFEX CRCL-USD+0.0055%1h92.920−0.129%$1.3M$1.6M10xas long as short
Injective CRCL/USDC PERP+0.0072%1h92.090−1.021%$38K$172K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0073%1h92.960−0.086%$5K$415K10xas long as short
Gate CRCL_USDT+0.0082%8h92.960−0.086%$7.5M$25.3M50xas long as short
Pacifica CRCL+0.0100%1h93.024−0.017%$139K$139K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h92.980−0.064%$2.6M$1.6M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h93.110+0.075%$68K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h93.020−0.021%$927$1K10xas long as short
Aevo CRCL-PERP+0.0104%1h93.000−0.043%$410xas long as short
Paradex CRCL-USD-PERP+0.0112%8h92.994−0.050%$428$4775xas long as short
Phoenix CRCL+0.0197%1h93.210+0.183%$28K$66K10xas long as short
Arcus CRCL-USD+0.0214%1h92.980−0.064%$94K$212K10xas long as short
Nado CRCL-PERP+0.0285%1h93.011−0.031%$154K$94K3xas long as short
Lighter CRCL+0.0296%1h92.935−0.113%$3.0M$2.1M10xas long as short
Variational Omni CRCL+0.0308%8h93.171+0.141%$2.5M$3.3Mas long as short
OKX CRCL-USDT-SWAP+0.0316%8h92.910−0.140%$22.9M$56.7M50xas long as short
Aster CRCLUSDT+0.0379%8h93.012−0.030%$1.1M$4.4M20xas long as short
Binance CRCLUSDT+0.0390%8h92.910−0.140%$107.5M$352.1M50xas long as short
Extended CRCL_24_5-USD+0.0392%1h92.896−0.154%$1.1M$4.0M10xas long as short
BloFin CRCL-USDT+0.0515%8h93.020−0.021%$1.1M$1.7M20xas long as short
RISEx CRCL/USDClong+0.0528%1h93.040long leg$417K$234K10x
edgeX CRCLUSDC+0.0752%4h93.110+0.075%$53K$269K10xas long as short
GRVT CRCL_USDT_Perp+0.0786%8h93.270+0.247%$61K$1.0M10xas long as short