Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0103%/8h= −11.2% APRpaid last 24h −0.046%

Price spread now: Paradex against RISEx+0.007%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	91.395	0.0271	pay 0.0034% / 1h	52m 35s	$416K	$271K	10x
Short	Paradex CRCL-USD-PERP	91.401	0.0168	get 0.0168% / 8h	1h 52m	$420	$905	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$21.56
Price spread: +0.007% → 0.000%: $0.73
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$30.83
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 56 min ago; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 56 min ago	2.18 bp	5.2 bp −$5	6.9 bp −$69	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 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	−0.0737%	8h	91.490	+0.104%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0083%	1h	91.160	−0.257%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.400	+0.006%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.470	+0.082%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.489	+0.103%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.470	+0.082%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.435	+0.044%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.460	+0.072%	$93K	$289K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.388	−0.007%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.340	−0.060%	$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	91.470	+0.082%	$891K	$605K	10x	as long as short
edgeX CRCLUSDC	+0.0056%	4h	91.472	+0.085%	$52K	$277K	10x	as long as short
Aster CRCLUSDT	+0.0065%	8h	91.458	+0.069%	$1.0M	$5.1M	20x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.400	+0.006%	$1.3M	$1.8M	10x	as long as short
Binance CRCLUSDT	+0.0079%	8h	91.400	+0.006%	$104.5M	$397.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	91.355	−0.043%	$1.0M	$5.7M	10x	as long as short
Lighter RH CRCL	+0.0096%	1h	91.448	+0.058%	$977K	$2.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.400	+0.006%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.440	+0.050%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.410	+0.017%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.420	+0.028%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.408	+0.014%	$4	—	10x	as long as short
Paradex CRCL-USD-PERPshort	+0.0168%	8h	91.401	+0.007%	$420	$905	5x
GRVT CRCL_USDT_Perp	+0.0169%	8h	91.480	+0.093%	$65K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0175%	8h	91.410	+0.017%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0197%	8h	91.390	−0.005%	$1.1M	$1.6M	20x	as long as short
tradeXYZ xyz:CRCL	+0.0206%	1h	91.367	−0.030%	$67.7M	$44.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0214%	1h	91.392	−0.003%	$383K	$1.3M	10x	as long as short
Phoenix CRCL	+0.0245%	1h	91.554	+0.174%	$27K	$82K	10x	as long as short
RISEx CRCL/USDClong	+0.0271%	1h	91.395	long leg	$416K	$271K	10x
Lighter CRCL	+0.0376%	1h	91.438	+0.047%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.930	+0.586%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0464%	1h	91.335	−0.066%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0516%	1h	91.400	+0.006%	$5K	$769K	10x	as long as short