CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h −0.054%

Price spread now: Pacifica against RISEx−0.005%7-day average −0.041% · 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−$45as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on RISEx Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.197%−$20 on $10k

Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.005%, 7d avg −0.041%

Together, before fees−0.050%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.036% dearer against RISEx than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	92.005	0.0107	pay 0.0013% / 1h	49m 07s	$418K	$299K	10x
Short	Pacifica CRCL	92.000	0.0100	get 0.0013% / 1h	49m 07s	$135K	$159K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.005%Rate

Funding earned: −$1.51
Price spread: −0.005% → −0.041%: $3.62
Slippage, 4 orders: −$34.8
Fee RISEx: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$46.69
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Pacifica: live order book, 50 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, 4 min ago	1.63 bp	4.6 bp −$5	6.6 bp −$66	doesn't fit	doesn't fit
Sell Pacifica live order book, 50 min ago	8.19 bp	20.4 bp −$20	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
Bitget CRCLUSDT	−0.0704%	8h	92.060	+0.060%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.760	−0.266%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.000	−0.005%	$14.9M	$26.4M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.060	+0.060%	$7.3M	$27.2M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.019	+0.015%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.050	+0.049%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0010%	8h	91.997	−0.009%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0014%	8h	92.003	−0.002%	$104.8M	$390.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.979	−0.028%	$1.1M	$5.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	92.002	−0.003%	$2K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0040%	1h	92.016	+0.012%	$975K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.030	+0.027%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.910	−0.103%	$907K	$491K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.924	−0.088%	$68.3M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.964	−0.045%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.992	−0.014%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.940	−0.071%	$1.0M	$5.2M	10x	as long as short
BloFin CRCL-USDT	+0.0056%	8h	92.040	+0.038%	$1.1M	$1.3M	20x	as long as short
QFEX CRCL-USD	+0.0060%	1h	92.000	−0.005%	$1.3M	$1.9M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0063%	8h	92.040	+0.038%	$22.3M	$61.5M	50x	as long as short
GRVT CRCL_USDT_Perp	+0.0064%	8h	92.190	+0.201%	$64K	$1.1M	10x	as long as short
Pacifica CRCLshort	+0.0100%	1h	92.000	−0.005%	$135K	$159K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.980	−0.027%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.120	+0.125%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.970	−0.038%	$917	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.984	−0.022%	$4	—	10x	as long as short
RISEx CRCL/USDClong	+0.0107%	1h	92.005	long leg	$418K	$299K	10x
Paradex CRCL-USD-PERP	+0.0129%	8h	91.990	−0.016%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	92.079	+0.080%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0304%	1h	92.018	+0.014%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0386%	1h	91.915	−0.098%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.460	+0.495%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0488%	4h	92.164	+0.172%	$51K	$276K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0621%	1h	91.980	−0.027%	$4K	$768K	10x	as long as short