Funding you earn now, next payment 11:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.011%
Price spread now: RISEx against OKX+0.065%7-day average +0.014% · 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−$20as in the Price arb table
costs, in and out, $10k−$250.251% of the position
Funding, last 4 days (all we have)+0.247%+$25 on $10k
+Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.065%, 7d avg +0.014%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and RISEx is 0.051% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CRCL-USDT-SWAP | 92.910 | 0.0308 | pay 0.0308% / 8h | 5h 41m | $22.9M | $56.7M | 50x |
| Short | RISEx CRCL/USDC | 92.970 | 0.0528 | get 0.0066% / 1h | 41m 25s | $417K | $227K | 10x |
OKX CRCL-USDT-SWAP
RISEx CRCL/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against OKX. 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
- $46.15
- Price spread: +0.065% → +0.014%
- $5.09
- Slippage, 4 orders
- −$9.07
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $26.16
- Costs to cover
- 0.251%
- Break-even
- 3.0 days
Slippage from OKX: live order book, 5 min ago; RISEx: live order book, 5 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 OKX live order book, 5 min ago | 0.54 bp | 8.3 bp −$8 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 5 min ago | 2.15 bp | 5.2 bp −$5 | 7.0 bp −$70 | doesn't fit | doesn't fit |
CRCL on 34 exchanges
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 | −0.0048% | 1h | 92.950 | +0.043% | $869K | $748K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.950 | +0.043% | $15.0M | $25.1M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 92.950 | +0.043% | $18.6M | $33.5M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.900 | −0.011% | $1.0M | $45K | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.0003% | 1h | 92.770 | −0.151% | — | $30K | 25x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 92.968 | +0.062% | $998K | $2.5M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0040% | 1h | 92.921 | +0.012% | $2K | $29K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 92.856 | −0.058% | $67.8M | $40.2M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.928 | +0.019% | $368K | $873K | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 92.868 | −0.045% | $47K | $3K | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
Bitget CRCLUSDT
Phemex CRCLUSDT
Vest CRCL-USD-PERP
Lighter RH CRCL
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 92.720 | −0.204% | $1.0M | $3.8M | 10x | as long as short |
| QFEX CRCL-USD | +0.0055% | 1h | 92.870 | −0.043% | $1.3M | $1.6M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0072% | 1h | 92.090 | −0.883% | $38K | $172K | 30x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0073% | 1h | 92.860 | −0.054% | $5K | $415K | 10x | as long as short |
| Gate CRCL_USDT | +0.0084% | 8h | 93.000 | +0.097% | $7.5M | $25.4M | 50x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.940 | +0.032% | $139K | $139K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.950 | +0.043% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 92.970 | +0.065% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.940 | +0.032% | $927 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.895 | −0.016% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0105% | 8h | 92.902 | −0.008% | $427 | $477 | 5x | as long as short |
| Phoenix CRCL | +0.0197% | 1h | 92.885 | −0.027% | $27K | $66K | 10x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 92.920 | +0.011% | $94K | $210K | 10x | as long as short |
| Nado CRCL-PERP | +0.0295% | 1h | 92.906 | −0.005% | $155K | $94K | 3x | as long as short |
| Variational Omni CRCL | +0.0306% | 8h | 93.001 | +0.098% | $2.5M | $3.3M | — | as long as short |
| OKX CRCL-USDT-SWAPlong | +0.0308% | 8h | 92.910 | long leg | $22.9M | $56.7M | 50x | |
| Lighter CRCL | +0.0328% | 1h | 93.007 | +0.104% | $3.0M | $2.1M | 10x | as long as short |
| Aster CRCLUSDT | +0.0367% | 8h | 93.006 | +0.104% | $1.1M | $4.4M | 20x | as long as short |
| Extended CRCL_24_5-USD | +0.0368% | 1h | 92.915 | +0.006% | $1.1M | $4.0M | 10x | as long as short |
| Binance CRCLUSDT | +0.0370% | 8h | 92.945 | +0.038% | $107.2M | $352.0M | 50x | as long as short |
| BloFin CRCL-USDT | +0.0505% | 8h | 92.980 | +0.075% | $1.1M | $1.7M | 20x | as long as short |
| RISEx CRCL/USDCshort | +0.0528% | 1h | 92.970 | +0.065% | $417K | $227K | 10x | |
| GRVT CRCL_USDT_Perp | +0.0700% | 8h | 92.961 | +0.055% | $59K | $967K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0830% | 4h | 92.904 | −0.006% | $53K | $270K | 10x | as long as short |
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Injective CRCL/USDC PERP
Deribit CRCL_USDC-PERPETUAL
Gate CRCL_USDT
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Phoenix CRCL
Arcus CRCL-USD
Nado CRCL-PERP
Variational Omni CRCL
Lighter CRCL
Aster CRCLUSDT
Extended CRCL_24_5-USD
Binance CRCLUSDT
BloFin CRCL-USDT
GRVT CRCL_USDT_Perp
edgeX CRCLUSDC