Funding you earn now, next payment 02:00 UTC−0.0083%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h +0.074%
Price spread now: RISEx against tradeXYZ−0.027%7-day average +0.063% · 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−$41as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 3 days (all we have)+0.249%+$25 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.027%, 7d avg +0.063%
=Together, before fees+0.209%+ Points / potential airdroptradeXYZ: Active · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and RISEx is 0.090% cheaper against tradeXYZ than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.063%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.249%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:CRCL | 93.455 | 0.0083 | pay 0.0010% / 1h | 59m 03s | $71.3M | $41.0M | 10x |
| Short | RISEx CRCL/USDC | 93.430 | 0 | get 0.0000% / 1h | 59m 03s | $427K | $299K | 10x |
tradeXYZ xyz:CRCL
RISEx CRCL/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.35
- Price spread: −0.027% → +0.063%
- −$9.04
- Slippage, 4 orders
- −$8.27
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$58.67
- Costs to cover
- 0.323%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; RISEx: live order book, 9 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 tradeXYZ live order book, 11 min ago | 0.74 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 9 min ago | 2.65 bp | 5.7 bp −$6 | 6.8 bp −$68 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0008% | 1h | 93.500 | +0.048% | $935K | $591K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 93.510 | +0.059% | $15.3M | $25.5M | 50x | as long as short |
| RISEx CRCL/USDCshort | 0.0000% | 1h | 93.430 | −0.027% | $427K | $299K | 10x | |
| Gate CRCL_USDT | 0.0000% | 8h | 93.540 | +0.091% | $7.2M | $25.5M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 93.510 | +0.059% | $16.6M | $34.4M | 25x | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 93.600 | +0.155% | $62K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 93.550 | +0.102% | $1.0M | $49K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 93.549 | +0.101% | $980K | $2.9M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0037% | 1h | 93.696 | +0.257% | $2K | $22K | 5x | as long as short |
| QFEX CRCL-USD | +0.0042% | 1h | 93.440 | −0.016% | $1.3M | $2.5M | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
Gate CRCL_USDT
Bitget CRCLUSDT
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
QFEX CRCL-USDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | +0.0046% | 1h | 93.330 | −0.134% | — | $37K | 25x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 93.434 | −0.022% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 93.410 | −0.048% | $1.0M | $5.6M | 10x | as long as short |
| Variational Omni CRCL | +0.0059% | 8h | 93.569 | +0.122% | $2.5M | $3.1M | — | as long as short |
| tradeXYZ xyz:CRCLlong | +0.0083% | 1h | 93.455 | long leg | $71.3M | $41.0M | 10x | |
| Paradex CRCL-USD-PERP | +0.0098% | 8h | 93.474 | +0.021% | $766 | $740 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 93.469 | +0.015% | $75K | $96K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 93.550 | +0.102% | $2.9M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 93.750 | +0.316% | $69K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 93.470 | +0.016% | $932 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 93.529 | +0.079% | $4 | — | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0117% | 1h | 93.443 | −0.013% | $362K | $1.1M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0121% | 8h | 93.490 | +0.037% | $22.6M | $58.6M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0136% | 1h | 93.487 | +0.034% | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | +0.0137% | 8h | 93.490 | +0.037% | $107.9M | $385.8M | 50x | as long as short |
| Aster CRCLUSDT | +0.0138% | 8h | 93.407 | −0.051% | $1.1M | $4.9M | 20x | as long as short |
| Nado CRCL-PERP | +0.0235% | 1h | 93.414 | −0.044% | $154K | $89K | 3x | as long as short |
| BloFin CRCL-USDT | +0.0257% | 8h | 93.160 | −0.316% | $1.1M | $1.0M | 20x | as long as short |
| Phoenix CRCL | +0.0296% | 1h | 93.653 | +0.212% | $28K | $92K | 10x | as long as short |
| Lighter CRCL | +0.0328% | 1h | 93.556 | +0.108% | $3.0M | $2.3M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 93.910 | +0.487% | $5K | $19K | 30x | as long as short |
| Arcus CRCL-USD | +0.0521% | 1h | 93.640 | +0.198% | $96K | $271K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0713% | 1h | 93.530 | +0.080% | $4K | $769K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0940% | 4h | 93.809 | +0.379% | $24K | $268K | 10x | as long as short |
Vest CRCL-USD-PERP
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
Variational Omni CRCL
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Polymarket Perps CRCL-USD
OKX CRCL-USDT-SWAP
Extended CRCL_24_5-USD
Binance CRCLUSDT
Aster CRCLUSDT
Nado CRCL-PERP
BloFin CRCL-USDT
Phoenix CRCL
Lighter CRCL
Injective CRCL/USDC PERP
Arcus CRCL-USD
Deribit CRCL_USDC-PERPETUAL
edgeX CRCLUSDC