Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.035%

Price spread now: RISEx against Gate−0.056%7-day average +0.010% · 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−$43as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.297%+$30 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.056%, 7d avg +0.010%

Together, before fees+0.344%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.066% cheaper against Gate than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.010%). If the spread goes back, that is −$7 on $10k: about 2.1 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.297% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRCL_USDT	91.930	0	get 0.0000% / 8h	3h 40m	$7.3M	$27.3M	50x
Short	RISEx CRCL/USDC	91.878	0.0107	get 0.0013% / 1h	40m 41s	$418K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now −0.056%Rate

Funding earned: $22.51
Price spread: −0.056% → +0.010%: −$6.63
Slippage, 4 orders: −$15.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$20.25
Costs to cover: 0.361%
Break-even: 13.3 days

Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago	2.17 bp	11.8 bp −$12	27.6 bp −$276	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	0.000%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.580	−0.381%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.860	−0.076%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	91.930	long leg	$7.3M	$27.3M	50x
Variational Omni CRCL	0.0000%	8h	91.849	−0.088%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.820	−0.120%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0005%	8h	91.810	−0.130%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0013%	8h	91.867	−0.069%	$104.6M	$391.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.844	−0.094%	$1.2M	$5.7M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.837	−0.101%	$973K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0039%	1h	91.867	−0.068%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.850	−0.087%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	−0.044%	$907K	$510K	10x	as long as short
BloFin CRCL-USDT	+0.0049%	8h	91.810	−0.131%	$1.1M	$1.6M	20x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.801	−0.140%	$68.2M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.791	−0.151%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.820	−0.120%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.680	−0.272%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.810	−0.131%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0072%	8h	91.949	+0.021%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0075%	8h	91.900	−0.033%	$22.3M	$61.6M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.886	−0.048%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.810	−0.131%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.920	−0.011%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.760	−0.185%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.798	−0.144%	$4	—	10x	as long as short
RISEx CRCL/USDCshort	+0.0107%	1h	91.878	−0.056%	$418K	$299K	10x
Paradex CRCL-USD-PERP	+0.0129%	8h	91.815	−0.125%	$422	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	91.905	−0.027%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0296%	1h	91.841	−0.097%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0362%	1h	91.776	−0.167%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.468%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0501%	4h	91.963	+0.036%	$51K	$275K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0513%	1h	91.780	−0.163%	$4K	$768K	10x	as long as short