CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.078%

Price spread now: RISEx against SoDEX+0.029%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. RISEx is 0.029% dearer against SoDEX than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CRCL-USD	91.990	0.0050	pay 0.0006% / 1h	36m 07s	$46K	$3K	10x
Short	RISEx CRCL/USDC	92.017	0	get 0.0000% / 1h	36m 07s	$420K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against SoDEX. 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 SoDEXbpFee RISExbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$10.5
Price spread: +0.029% → 0.000%: $2.94
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$21.56
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; RISEx: live order book, 32 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell RISEx live order book, 32 min ago	2.65 bp	5.7 bp −$6	6.8 bp −$68	doesn't fit	doesn't fit

SoDEX: 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	−0.0361%	8h	92.160	+0.185%	$16.0M	$35.3M	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.990	0.000%	$916K	$586K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.110	+0.130%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDCshort	0.0000%	1h	92.017	+0.029%	$420K	$299K	10x
Gate CRCL_USDT	0.0000%	8h	92.140	+0.163%	$7.2M	$26.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.051	+0.066%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.790	−0.217%	$61K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.970	−0.022%	$1.0M	$49K	10x	as long as short
Vest CRCL-USD-PERP	+0.0002%	1h	91.830	−0.174%	—	$37K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0027%	1h	92.005	+0.017%	$2K	$23K	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	+0.0032%	1h	92.127	+0.149%	$980K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.900	−0.098%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.053	+0.068%	$69.4M	$41.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.037	+0.051%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USDlong	+0.0050%	1h	91.990	long leg	$46K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.850	−0.152%	$1.0M	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.000	+0.011%	$1.3M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0076%	1h	92.130	+0.152%	$4K	$769K	10x	as long as short
Binance CRCLUSDT	+0.0078%	8h	92.073	+0.091%	$105.1M	$393.1M	50x	as long as short
OKX CRCL-USDT-SWAP	+0.0078%	8h	92.100	+0.120%	$21.7M	$60.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	92.047	+0.062%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0081%	8h	92.070	+0.087%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0084%	8h	92.039	+0.053%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.980	−0.011%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.070	+0.087%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.780	−0.228%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.040	+0.054%	$918	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.085	+0.104%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0178%	1h	92.063	+0.079%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0200%	1h	92.142	+0.165%	$3.0M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	+0.370%	$1.1M	$1.1M	20x	as long as short
Phoenix CRCL	+0.0231%	1h	91.730	−0.283%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.270	+0.304%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0565%	4h	91.735	−0.277%	$23K	$267K	10x	as long as short