CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0471%/8h= −51.5% APRnext payment −$0.59 per $10,000 · paid last 24h −0.057%

Price spread now: Polymarket Perps against Arcus+0.003%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Arcus Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.281%−$28 · spread now +0.003%, 7d avg +0.019%

Together, before fees−0.362%−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.081% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CRCL-USD	94.210	0.0521	pay 0.0065% / 1h	47m 25s	$96K	$276K	10x
Short	Polymarket Perps CRCL-USD	94.213	0.0050	get 0.0006% / 1h	47m 25s	$365K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Arcus. 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 ArcusbpFee Polymarket PerpsbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$98.82
Price spread: +0.003% → +0.019%: −$1.6
Slippage, 4 orders: −$14.43
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$127.36
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from Arcus: live order book, 26 min ago; Polymarket Perps: live order book, 1 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 Arcus live order book, 26 min ago	2.12 bp	8.1 bp −$8	8.5 bp −$85	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	1.49 bp	7.1 bp −$7	8.9 bp −$89	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	94.200	−0.011%	$942K	$725K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.280	+0.074%	$15.5M	$25.9M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.280	+0.074%	$7.2M	$26.9M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.241	+0.033%	$64K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.240	+0.032%	$1.0M	$52K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0021%	1h	94.192	−0.019%	$71.6M	$42.3M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.267	+0.061%	$890K	$2.8M	10x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.240	+0.032%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.120	−0.096%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0047%	1h	94.229	+0.020%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USDshort	+0.0050%	1h	94.213	+0.003%	$365K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	94.183	−0.029%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.130	−0.085%	$1.1M	$5.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.227	+0.019%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.330	+0.127%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.160	−0.053%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.220	+0.011%	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.216	+0.006%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0111%	8h	94.274	+0.068%	$773	$740	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0158%	8h	94.260	+0.053%	$22.8M	$60.3M	50x	as long as short
Bitget CRCLUSDT	+0.0170%	8h	94.270	+0.064%	$16.9M	$35.1M	25x	as long as short
Variational Omni CRCL	+0.0174%	8h	94.210	0.000%	$2.5M	$3.1M	—	as long as short
edgeX CRCLUSDC	+0.0200%	4h	94.169	−0.043%	$24K	$268K	10x	as long as short
Nado CRCL-PERP	+0.0218%	1h	94.199	−0.011%	$132K	$76K	3x	as long as short
Binance CRCLUSDT	+0.0226%	8h	94.277	+0.071%	$109.2M	$389.3M	50x	as long as short
Aster CRCLUSDT	+0.0229%	8h	94.277	+0.071%	$1.1M	$4.9M	20x	as long as short
Extended CRCL_24_5-USD	+0.0232%	1h	94.242	+0.034%	$1.1M	$4.2M	10x	as long as short
Phoenix CRCL	+0.0296%	1h	94.131	−0.084%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0296%	1h	94.278	+0.072%	$3.0M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0352%	8h	94.220	+0.011%	$1.1M	$559K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.570	+0.382%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0493%	1h	94.230	+0.021%	$4K	$772K	10x	as long as short
Arcus CRCL-USDlong	+0.0521%	1h	94.210	long leg	$96K	$276K	10x
RISEx CRCL/USDC	+0.0677%	1h	94.262	+0.055%	$430K	$303K	10x	as long as short