Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0401%/8h= +43.9% APRpaid last 24h +0.028%

Price spread now: RISEx against KuCoin−0.044%7-day average +0.031% · 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−$105as in the Price arb table

costs, in and out, $10k−$980.977% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.253%+$25 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.044%, 7d avg +0.031%

Together, before fees+0.297%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.075% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.031%). If the spread goes back, that is −$8 on $10k: about 15 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRCLUSDTM	91.190	0.0100	pay 0.0100% / 8h	7h 33m	$2.6M	$1.7M	20x
Short	RISEx CRCL/USDC	91.150	0.0501	get 0.0063% / 1h	33m 51s	$412K	$257K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now −0.044%Rate

Funding earned: $84.22
Price spread: −0.044% → +0.031%: −$7.52
Slippage, 4 orders: −$79.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$20.97
Costs to cover: 0.977%
Break-even: 8.7 days

Slippage from KuCoin: live order book, 3 min ago; RISEx: live order book, 64 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 KuCoin live order book, 3 min ago	1.64 bp	56.8 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 64 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
Vest CRCL-USD-PERP	−0.0096%	1h	90.850	−0.373%	—	$31K	25x	as long as short
Bitget CRCLUSDT	−0.0075%	8h	91.090	−0.110%	$17.3M	$36.2M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.090	−0.110%	$14.9M	$26.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.240	+0.055%	$1.0M	$47K	10x	as long as short
Gate CRCL_USDT	+0.0021%	8h	91.200	+0.011%	$7.8M	$26.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.176	−0.015%	$981K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.190	0.000%	$872K	$505K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.133	−0.062%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.090	−0.110%	$95K	$284K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	90.990	−0.219%	$67.1M	$44.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	91.080	−0.121%	$376K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.164	−0.029%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.030	−0.175%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.120	−0.077%	$1.3M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.130	−0.066%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTMlong	+0.0100%	8h	91.190	long leg	$2.6M	$1.7M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.120	−0.077%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.170	−0.022%	$909	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.200	+0.011%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0133%	8h	91.137	−0.059%	$419	$766	5x	as long as short
Variational Omni CRCL	+0.0152%	8h	91.180	−0.011%	$2.4M	$3.3M	—	as long as short
GRVT CRCL_USDT_Perp	+0.0152%	8h	91.220	+0.033%	$62K	$1.1M	10x	as long as short
Aster CRCLUSDT	+0.0215%	8h	91.140	−0.055%	$1.0M	$5.0M	20x	as long as short
Lighter CRCL	+0.0216%	1h	91.176	−0.015%	$2.9M	$2.1M	10x	as long as short
Binance CRCLUSDT	+0.0230%	8h	91.082	−0.118%	$104.7M	$387.0M	50x	as long as short
Extended CRCL_24_5-USD	+0.0232%	1h	91.116	−0.081%	$1.1M	$5.1M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	91.200	+0.011%	$27K	$66K	10x	as long as short
edgeX CRCLUSDC	+0.0262%	4h	91.189	−0.001%	$52K	$269K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0294%	8h	91.030	−0.175%	$22.3M	$61.3M	50x	as long as short
BloFin CRCL-USDT	+0.0350%	8h	91.150	−0.044%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0373%	1h	91.208	+0.020%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0408%	1h	91.190	0.000%	$5K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+1.075%	$5K	$19K	30x	as long as short
RISEx CRCL/USDCshort	+0.0501%	1h	91.150	−0.044%	$412K	$257K	10x