Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0559%/8h= +61.3% APRpaid last 24h +0.074%

Price spread now: RISEx against Variational Omni+0.008%7-day average +0.026% · you sell dearer than you buy

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

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.283%+$28 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.008%, 7d avg +0.026%

Together, before fees+0.376%+ Points / potential airdropVariational Omni: Active · farm board+$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRCL	94.489	0.0117	pay 0.0117% / 8h	7h 26m	$2.5M	$3.1M	—
Short	RISEx CRCL/USDC	94.497	0.0677	get 0.0085% / 1h	26m 00s	$431K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Variational Omni. 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 Variational OmnibpFee RISExbpOrdersPrice spread, now +0.008%Rate

Funding earned: $117.49
Price spread: +0.008% → +0.026%: −$1.77
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $109.72
Costs to cover: 0.060%
Break-even: 0.5 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; RISEx: live order book, 47 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 Variational Omni RFQ quote, 3 min ago	3.43 bp	doesn't fit	10.9 bp −$109	doesn't fit	doesn't fit
Sell RISEx live order book, 47 min ago	1.06 bp	4.1 bp −$4	5.2 bp −$52	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	−0.0064%	1h	94.210	−0.296%	$942K	$622K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.530	+0.043%	$7.3M	$27.0M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.462	−0.029%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.480	−0.010%	$1.0M	$49K	10x	as long as short
Bybit CRCLUSDT	+0.0009%	8h	94.540	+0.054%	$15.5M	$25.6M	50x	as long as short
Bitget CRCLUSDT	+0.0029%	8h	94.530	+0.043%	$17.0M	$34.6M	25x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.498	+0.009%	$890K	$2.8M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.386	−0.109%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.490	+0.001%	$1.4M	$2.6M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.370	−0.126%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	94.456	−0.035%	$71.8M	$42.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.464	−0.027%	$366K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.499	+0.010%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.390	−0.105%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.460	−0.031%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.470	−0.021%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.360	−0.137%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.480	−0.010%	$942	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.507	+0.019%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0106%	8h	94.515	+0.027%	$775	$740	5x	as long as short
Variational Omni CRCLlong	+0.0117%	8h	94.489	long leg	$2.5M	$3.1M	—
OKX CRCL-USDT-SWAP	+0.0150%	8h	94.520	+0.032%	$22.8M	$59.5M	50x	as long as short
Binance CRCLUSDT	+0.0189%	8h	94.512	+0.024%	$109.5M	$386.0M	50x	as long as short
Extended CRCL_24_5-USD	+0.0192%	1h	94.496	+0.007%	$1.1M	$5.9M	10x	as long as short
Aster CRCLUSDT	+0.0196%	8h	94.472	−0.018%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0231%	1h	94.411	−0.083%	$132K	$76K	3x	as long as short
Phoenix CRCL	+0.0296%	1h	94.429	−0.064%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0304%	1h	94.513	+0.025%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0311%	8h	94.510	+0.022%	$1.1M	$561K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.890	+0.424%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.400	−0.095%	$96K	$273K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0597%	1h	94.480	−0.010%	$4K	$769K	10x	as long as short
RISEx CRCL/USDCshort	+0.0677%	1h	94.497	+0.008%	$431K	$299K	10x
edgeX CRCLUSDC	+0.0948%	4h	94.390	−0.105%	$24K	$269K	10x	as long as short