CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0253%/8h= −27.7% APRnext payment −$0.32 per $10,000 · paid last 24h −0.026%

Price spread now: Extended against RISEx+0.099%7-day average −0.052% · 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−$5as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on RISEx Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.260%−$26 on $10k

Price spread, last 4 days (all we have)+0.369%+$37 · spread now +0.099%, 7d avg −0.052%

Together, before fees+0.110%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.152% dearer against RISEx than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of −0.052%): +$15 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	91.870	0.0501	pay 0.0063% / 1h	19m 50s	$415K	$256K	10x
Short	Extended CRCL_24_5-USD	91.961	0.0248	get 0.0031% / 1h	19m 50s	$1.1M	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against RISEx. 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 RISExbpFee ExtendedbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$53.14
Price spread: +0.099% → −0.052%: $15.17
Slippage, 4 orders: −$9.37
Fee RISEx: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$58.34
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from RISEx: live order book, 13 min ago; Extended: live order book, 4 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 RISEx live order book, 13 min ago	1.65 bp	4.6 bp −$5	6.6 bp −$66	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.66 bp	5.6 bp −$6	26.1 bp −$261	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
Vest CRCL-USD-PERP	−0.0104%	1h	91.630	−0.261%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.170	+0.327%	$17.7M	$36.0M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.990	+0.131%	$1.0M	$47K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.065	+0.212%	$989K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	92.020	+0.163%	$947K	$567K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	91.351	−0.565%	$2K	$29K	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0040%	8h	91.320	−0.599%	$71K	$1.1M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.890	+0.022%	$96K	$278K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.043	+0.188%	$67.7M	$43.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.754	−0.126%	$379K	$999K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.900	+0.033%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.830	−0.044%	$1.4M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.927	+0.062%	$135K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.950	+0.087%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.100	−0.838%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.960	+0.098%	$917	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.977	+0.117%	$4	—	10x	as long as short
Gate CRCL_USDT	+0.0115%	8h	92.090	+0.239%	$7.8M	$26.7M	50x	as long as short
Bybit CRCLUSDT	+0.0121%	8h	92.110	+0.261%	$15.1M	$26.7M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0133%	8h	92.018	+0.161%	$423	$766	5x	as long as short
edgeX CRCLUSDC	+0.0154%	4h	91.204	−0.724%	$52K	$270K	10x	as long as short
Variational Omni CRCL	+0.0176%	8h	92.182	+0.339%	$2.4M	$3.3M	—	as long as short
Lighter CRCL	+0.0184%	1h	92.131	+0.284%	$3.0M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0239%	8h	92.171	+0.328%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USDshort	+0.0248%	1h	91.961	+0.099%	$1.1M	$5.1M	10x
Binance CRCLUSDT	+0.0252%	8h	92.064	+0.212%	$106.0M	$385.6M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	91.817	−0.058%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0296%	8h	92.190	+0.348%	$22.5M	$61.8M	50x	as long as short
Nado CRCL-PERP	+0.0357%	1h	91.972	+0.111%	$135K	$109K	3x	as long as short
BloFin CRCL-USDT	+0.0359%	8h	92.300	+0.468%	$1.1M	$1.7M	20x	as long as short
SoDEX CRCL-USD	+0.0402%	1h	91.960	+0.098%	$46K	$3K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.920	+0.054%	$40K	$170K	30x	as long as short
RISEx CRCL/USDClong	+0.0501%	1h	91.870	long leg	$415K	$256K	10x
Deribit CRCL_USDC-PERPETUAL	+0.0729%	1h	91.990	+0.131%	$5K	$749K	10x	as long as short