CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h +0.054%

Price spread now: RISEx against Pacifica−0.008%7-day average +0.041% · 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−$54as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on Pacifica Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.197%+$20 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.008%, 7d avg +0.041%

Together, before fees+0.063%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.049% cheaper against Pacifica than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	91.886	0.0100	pay 0.0013% / 1h	40m 05s	$134K	$159K	10x
Short	RISEx CRCL/USDC	91.878	0.0107	get 0.0013% / 1h	40m 05s	$418K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Pacifica. 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 PacificabpFee RISExbpOrdersPrice spread, now −0.008%Rate

Funding earned: $1.51
Price spread: −0.008% → +0.041%: −$4.94
Slippage, 4 orders: −$34.8
Fee Pacifica: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$52.22
Costs to cover: 0.488%
Break-even: 248.3 days

Slippage from Pacifica: live order book, 59 min ago; RISEx: live order book, 13 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 Pacifica live order book, 59 min ago	8.19 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 13 min ago	1.63 bp	4.6 bp −$5	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
Bitget CRCLUSDT	−0.0707%	8h	91.930	+0.048%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.610	−0.300%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.880	−0.006%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.960	+0.081%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.849	−0.040%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.820	−0.072%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0005%	8h	91.841	−0.049%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0013%	8h	91.880	−0.006%	$104.7M	$391.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.854	−0.035%	$1.2M	$5.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.861	−0.027%	$2K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0040%	1h	91.860	−0.028%	$973K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.850	−0.039%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	+0.004%	$907K	$510K	10x	as long as short
BloFin CRCL-USDT	+0.0049%	8h	91.810	−0.083%	$1.1M	$1.6M	20x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.803	−0.090%	$68.2M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.840	−0.050%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.833	−0.058%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.680	−0.224%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.860	−0.028%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0072%	8h	91.949	+0.069%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0077%	8h	91.900	+0.015%	$22.3M	$61.6M	50x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.886	long leg	$134K	$159K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.820	−0.072%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.920	+0.037%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.790	−0.104%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.845	−0.045%	$4	—	10x	as long as short
RISEx CRCL/USDCshort	+0.0107%	1h	91.878	−0.008%	$418K	$299K	10x
Paradex CRCL-USD-PERP	+0.0129%	8h	91.815	−0.077%	$422	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	91.905	+0.021%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.864	−0.024%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0367%	1h	91.746	−0.152%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.516%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0501%	4h	91.963	+0.084%	$51K	$275K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1058%	1h	91.870	−0.017%	$4K	$768K	10x	as long as short