CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.009%

Price spread now: RISEx against Arcus+0.093%7-day average +0.089% · 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−$34as in the Price arb table

costs, in and out, $10k−$340.345% of the position

Long on Arcus Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.195%+$19 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.093%, 7d avg +0.089%

Together, before fees+0.245%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.089%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.195%, 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	Arcus CRCL-USD	92.020	0.0040	pay 0.0005% / 1h	9m 59s	$93K	$273K	10x
Short	RISEx CRCL/USDC	92.105	0	get 0.0000% / 1h	9m 59s	$419K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$8.46
Price spread: +0.093% → +0.089%: $0.33
Slippage, 4 orders: −$23.99
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$42.62
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Arcus: live order book, 48 min ago; RISEx: live order book, 48 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, 48 min ago	1.63 bp	14.9 bp −$15	18.9 bp −$189	doesn't fit	doesn't fit
Sell RISEx live order book, 48 min ago	1.09 bp	4.1 bp −$4	5.4 bp −$54	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	−0.0913%	8h	92.210	+0.206%	$16.6M	$35.2M	25x	as long as short
Vest CRCL-USD-PERP	−0.0069%	1h	91.870	−0.163%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	92.098	+0.085%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.144	+0.135%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	92.171	+0.164%	$105.0M	$390.1M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.150	+0.141%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDCshort	0.0000%	1h	92.105	+0.093%	$419K	$299K	10x
Gate CRCL_USDT	0.0000%	8h	92.200	+0.196%	$7.3M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.128	+0.117%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.052	+0.035%	$64K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	92.150	+0.141%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.990	−0.033%	$908K	$491K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	92.070	+0.054%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.162	+0.154%	$977K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	92.003	−0.019%	$2K	$25K	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0037%	8h	92.190	+0.185%	$22.3M	$61.5M	50x	as long as short
Arcus CRCL-USDlong	+0.0040%	1h	92.020	long leg	$93K	$273K	10x
tradeXYZ xyz:CRCL	+0.0050%	1h	92.090	+0.076%	$68.6M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.082	+0.067%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.131	+0.121%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.000	−0.022%	$1.0M	$5.2M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.050	+0.033%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.090	+0.076%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.990	−0.033%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.150	+0.141%	$919	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.140	+0.131%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0112%	8h	92.079	+0.064%	$424	$905	5x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	92.100	+0.087%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	92.044	+0.026%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0216%	1h	92.156	+0.148%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0223%	4h	91.994	−0.028%	$51K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0311%	1h	92.026	+0.006%	$131K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.560	+0.587%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0728%	1h	92.150	+0.141%	$4K	$767K	10x	as long as short