CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0378%/8h= +41.4% APRnext payment +$0.47 per $10,000 · paid last 24h +0.053%

Price spread now: RISEx against Coinbase International−0.044%7-day average +0.075% · 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−$35as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Coinbase International Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.185%+$19 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.044%, 7d avg +0.075%

Together, before fees+0.286%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.119% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.075%). If the spread goes back, that is −$12 on $10k: about 25 hours of funding at the current rate (+$11 a day). At the pace of the last 4 days (+0.185% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CRCL-PERP-INTX	91.400	0.0088	pay 0.0011% / 1h	32m 36s	$890K	$402K	10x
Short	RISEx CRCL/USDC	91.360	0.0466	get 0.0058% / 1h	32m 36s	$412K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Coinbase International. 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 Coinbase InternationalbpFee RISExbpOrdersPrice spread, now −0.044%Rate

Funding earned: $79.43
Price spread: −0.044% → +0.075%: −$11.87
Slippage, 4 orders: −$7.11
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $44.45
Costs to cover: 0.231%
Break-even: 3.1 days

Slippage from Coinbase International: live order book, 6 min ago; RISEx: live order book, 6 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 Coinbase International live order book, 6 min ago	2.73 bp	8.3 bp −$8	15.4 bp −$154	doesn't fit	doesn't fit
Sell RISEx live order book, 6 min ago	0.55 bp	3.5 bp −$4	5.3 bp −$53	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	−0.0254%	8h	91.380	−0.022%	$17.5M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0078%	1h	91.070	−0.361%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.390	−0.011%	$7.8M	$27.4M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.350	−0.055%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0028%	8h	91.340	−0.066%	$14.8M	$26.5M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.361	−0.043%	$981K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.432	+0.035%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.390	−0.011%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.321	−0.086%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.170	−0.252%	$1.1M	$4.8M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.330	−0.077%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTXlong	+0.0088%	1h	91.400	long leg	$890K	$402K	10x
Variational Omni CRCL	+0.0097%	8h	91.457	+0.063%	$2.4M	$3.2M	—	as long as short
Pacifica CRCL	+0.0100%	1h	91.320	−0.088%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.350	−0.055%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.200	−0.219%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.320	−0.088%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.357	−0.047%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0119%	1h	91.279	−0.132%	$67.6M	$43.9M	10x	as long as short
edgeX CRCLUSDC	+0.0124%	4h	91.531	+0.144%	$52K	$275K	10x	as long as short
Polymarket Perps CRCL-USD	+0.0158%	1h	91.323	−0.084%	$379K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0161%	8h	91.330	−0.077%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0168%	8h	91.385	−0.016%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0184%	1h	91.315	−0.093%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0186%	8h	91.340	−0.066%	$105.0M	$389.7M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.689	+0.316%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0244%	8h	91.400	0.000%	$61K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0260%	8h	91.370	−0.033%	$22.2M	$61.7M	50x	as long as short
Lighter CRCL	+0.0264%	1h	91.370	−0.033%	$2.9M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0304%	8h	91.320	−0.088%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0426%	1h	91.265	−0.148%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.010	+0.667%	$5K	$19K	30x	as long as short
RISEx CRCL/USDCshort	+0.0466%	1h	91.360	−0.044%	$412K	$272K	10x
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.330	−0.077%	$5K	$769K	10x	as long as short