CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0235%/8h= −25.7% APRnext payment −$0.29 per $10,000 · paid last 24h +0.025%

Price spread now: RISEx against Nado+0.017%7-day average +0.045% · 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−$29as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on Nado Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.150%+$15 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.017%, 7d avg +0.045%

Together, before fees+0.140%+ Points / potential airdropNado: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and RISEx is 0.028% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.045%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.150%, 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	Nado CRCL-PERP	93.414	0.0235	pay 0.0029% / 1h	59m 29s	$154K	$89K	3x
Short	RISEx CRCL/USDC	93.430	0	get 0.0000% / 1h	59m 29s	$427K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Nado. 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 NadobpFee RISExbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$49.33
Price spread: +0.017% → +0.045%: −$2.79
Slippage, 4 orders: −$13.49
Fee Nado: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$78.61
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Nado: live order book, 8 min ago; RISEx: live order book, 9 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 Nado live order book, 8 min ago	1.60 bp	9.0 bp −$9	29.0 bp −$290	doesn't fit	doesn't fit
Sell RISEx live order book, 9 min ago	2.65 bp	5.7 bp −$6	6.8 bp −$68	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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	93.500	+0.093%	$935K	$591K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.470	+0.060%	$15.3M	$25.5M	50x	as long as short
RISEx CRCL/USDCshort	0.0000%	1h	93.430	+0.017%	$427K	$299K	10x
Gate CRCL_USDT	0.0000%	8h	93.520	+0.114%	$7.2M	$25.5M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.510	+0.103%	$16.6M	$34.4M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	93.600	+0.200%	$62K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.530	+0.125%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.499	+0.091%	$979K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	93.768	+0.379%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	93.440	+0.028%	$1.3M	$2.5M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CRCL-USD-PERP	+0.0046%	1h	93.330	−0.089%	—	$37K	25x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.460	+0.050%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.410	−0.004%	$1.0M	$5.6M	10x	as long as short
Variational Omni CRCL	+0.0059%	8h	93.569	+0.166%	$2.5M	$3.1M	—	as long as short
Paradex CRCL-USD-PERP	+0.0098%	8h	93.474	+0.065%	$766	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	93.469	+0.060%	$75K	$96K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	93.490	+0.082%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	93.750	+0.360%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.450	+0.039%	$932	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.504	+0.097%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0117%	1h	93.443	+0.031%	$362K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0121%	8h	93.500	+0.093%	$22.6M	$58.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0136%	1h	93.416	+0.002%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0137%	8h	93.449	+0.038%	$107.8M	$385.8M	50x	as long as short
Aster CRCLUSDT	+0.0138%	8h	93.447	+0.035%	$1.1M	$4.9M	20x	as long as short
tradeXYZ xyz:CRCL	+0.0203%	1h	93.452	+0.041%	$71.4M	$41.0M	10x	as long as short
Nado CRCL-PERPlong	+0.0235%	1h	93.414	long leg	$154K	$89K	3x
BloFin CRCL-USDT	+0.0261%	8h	93.460	+0.050%	$1.1M	$690K	20x	as long as short
Phoenix CRCL	+0.0296%	1h	93.653	+0.256%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0328%	1h	93.525	+0.119%	$3.0M	$2.3M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.210	+0.853%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	93.640	+0.242%	$96K	$271K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0713%	1h	93.500	+0.093%	$4K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0940%	4h	93.809	+0.423%	$24K	$268K	10x	as long as short