CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h −0.024%

Price spread now: Phoenix against RISEx+0.045%50s7-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 Phoenix

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—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.045% dearer against RISEx than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	91.965	0.0107	pay 0.0013% / 1h	45m 48s	$418K	$299K	10x
Short	Phoenix CRCL	92.006	0.0182	get 0.0023% / 1h	45m 48s	$27K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.045%Rate

Funding earned: $15.77
Price spread: +0.045% → 0.000%: $4.46
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $7.22
Costs to cover: 0.130%
Break-even: 3.8 days

Slippage unknown: RISEx: live order book, 8 min ago; Phoenix: 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, 8 min ago	1.63 bp	4.6 bp −$5	6.6 bp −$66	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0696%	8h	92.030	+0.071%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.730	−0.256%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.990	+0.027%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.050	+0.092%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.979	+0.015%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.020	+0.060%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0013%	8h	92.011	+0.050%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.955	−0.011%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0018%	8h	91.980	+0.016%	$104.8M	$390.8M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.965	0.000%	$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
Arcus CRCL-USD	+0.0040%	1h	91.990	+0.027%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	−0.082%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.881	−0.091%	$68.2M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.934	−0.034%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.948	−0.018%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.940	−0.027%	$1.0M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.910	−0.060%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0068%	8h	92.019	+0.059%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0070%	8h	92.000	+0.038%	$22.3M	$61.6M	50x	as long as short
BloFin CRCL-USDT	+0.0070%	8h	92.040	+0.082%	$1.1M	$1.3M	20x	as long as short
Lighter RH CRCL	+0.0072%	1h	91.953	−0.013%	$974K	$2.9M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.921	−0.048%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.970	+0.005%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.960	−0.005%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.960	−0.005%	$917	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.948	−0.018%	$4	—	10x	as long as short
RISEx CRCL/USDClong	+0.0107%	1h	91.965	long leg	$418K	$299K	10x
Paradex CRCL-USD-PERP	+0.0132%	8h	91.939	−0.028%	$423	$905	5x	as long as short
Phoenix CRCLshort	+0.0182%	1h	92.006	+0.045%	$27K	$82K	10x
Lighter CRCL	+0.0288%	1h	91.956	−0.010%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0384%	1h	91.856	−0.118%	$134K	$106K	3x	as long as short
edgeX CRCLUSDC	+0.0440%	4h	91.999	+0.037%	$51K	$276K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.550	+0.636%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0512%	1h	91.910	−0.060%	$4K	$768K	10x	as long as short