Funding you earn now, next payment 02:00 UTC−0.0152%/8h= −16.7% APRnext payment −$0.19 per $10,000 · paid last 24h +0.026%
Price spread now: RISEx against Nado+0.084%7-day average +0.045% · 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−$23as in the Price arb table
costs, in and out, $10k−$260.265% of the position
Funding, last 3 days (all we have)+0.156%+$16 on $10k
+Price spread, last 4 days (all we have)−0.270%−$27 · spread now +0.084%, 7d avg +0.045%
=Together, before fees−0.114%+ Points / potential airdropNado: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. RISEx is 0.039% dearer against Nado than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.045%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 3 days funding on this pair paid +0.156%, 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 | Nado CRCL-PERP | 91.963 | 0.0152 | pay 0.0019% / 1h | 13m 32s | $131K | $104K | 3x |
| Short | RISEx CRCL/USDC | 92.040 | 0 | get 0.0000% / 1h | 13m 32s | $420K | $299K | 10x |
Nado CRCL-PERP
RISEx CRCL/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Nado. 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
- −$31.96
- Price spread: +0.084% → +0.045%
- $3.91
- Slippage, 4 orders
- −$13.49
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$54.53
- Costs to cover
- 0.265%
- Break-even
- never at this rate
Slippage from Nado: live order book, 54 min ago; RISEx: live order book, 55 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 Nado live order book, 54 min ago | 1.60 bp | 9.0 bp −$9 | 29.0 bp −$290 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 55 min ago | 2.65 bp | 5.7 bp −$6 | 6.8 bp −$68 | doesn't fit | doesn't fit |
CRCL on 33 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 | −0.0857% | 8h | 92.110 | +0.160% | $16.1M | $35.6M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0046% | 1h | 91.810 | −0.166% | — | $40K | 25x | as long as short |
| Gate CRCL_USDT | −0.0037% | 8h | 92.060 | +0.105% | $7.1M | $26.8M | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.0008% | 1h | 91.980 | +0.018% | $912K | $586K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.010 | +0.051% | $15.0M | $25.9M | 50x | as long as short |
| RISEx CRCL/USDCshort | 0.0000% | 1h | 92.040 | +0.084% | $420K | $299K | 10x | |
| Variational Omni CRCL | 0.0000% | 8h | 91.928 | −0.038% | $2.4M | $3.2M | — | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 92.010 | +0.051% | $70K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.030 | +0.073% | $1.0M | $49K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0024% | 1h | 91.932 | −0.034% | $2K | $23K | 5x | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Gate CRCL_USDT
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
Variational Omni CRCL
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Aftermath Perps CRCLUSDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH CRCL | +0.0032% | 1h | 92.101 | +0.150% | $975K | $2.9M | 10x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.960 | −0.003% | $93K | $273K | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.0048% | 1h | 92.037 | +0.080% | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | +0.0050% | 8h | 91.990 | +0.029% | $104.9M | $394.2M | 50x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 92.043 | +0.087% | $69.1M | $42.1M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.975 | +0.013% | $356K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 92.029 | +0.072% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.970 | +0.008% | $999K | $5.5M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0053% | 8h | 91.980 | +0.018% | $21.8M | $60.4M | 50x | as long as short |
| QFEX CRCL-USD | +0.0057% | 1h | 92.060 | +0.105% | $1.3M | $2.3M | 10x | as long as short |
| Aster CRCLUSDT | +0.0059% | 8h | 92.096 | +0.144% | $1.1M | $4.9M | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.0072% | 8h | 92.049 | +0.093% | $755 | $740 | 5x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0076% | 1h | 92.040 | +0.084% | $4K | $769K | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.067 | +0.113% | $133K | $158K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.060 | +0.105% | $2.9M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.980 | +0.018% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.030 | +0.073% | $918 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.046 | +0.091% | $4 | — | 10x | as long as short |
| Nado CRCL-PERPlong | +0.0152% | 1h | 91.963 | long leg | $131K | $104K | 3x | |
| Lighter CRCL | +0.0192% | 1h | 92.097 | +0.146% | $3.0M | $2.4M | 10x | as long as short |
| Phoenix CRCL | +0.0231% | 1h | 91.952 | −0.012% | $27K | $92K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.500 | +0.584% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDC | +0.0705% | 4h | 91.967 | +0.004% | $23K | $268K | 10x | as long as short |
Lighter RH CRCL
Arcus CRCL-USD
Extended CRCL_24_5-USD
Binance CRCLUSDT
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
OKX CRCL-USDT-SWAP
QFEX CRCL-USD
Aster CRCLUSDT
Paradex CRCL-USD-PERP
Deribit CRCL_USDC-PERPETUAL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Lighter CRCL
Phoenix CRCL
Injective CRCL/USDC PERP
edgeX CRCLUSDC