Funding you earn now, next payment 11:00 UTC+0.0428%/8h= +46.8% APRnext payment +$0.53 per $10,000 · paid last 24h +0.046%
Price spread now: RISEx against Pacifica+0.148%57s7-day average +0.043% · 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—prices read too far apart to compare
costs, in and out, $10k−$570.567% of the position
Funding, last 4 days (all we have)+0.214%+$21 on $10k
+Price spread, last 4 days (all we have)−0.290%−$29 · spread now +0.148%, 7d avg +0.043%
=Together, before fees−0.076%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and RISEx is 0.105% dearer against Pacifica than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.043%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica CRCL | 92.460 | 0.0100 | pay 0.0013% / 1h | 26m 36s | $138K | $139K | 10x |
| Short | RISEx CRCL/USDC | 92.597 | 0.0528 | get 0.0066% / 1h | 26m 36s | $415K | $225K | 10x |
Pacifica CRCL
RISEx CRCL/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $89.78
- Price spread: +0.148% → +0.043%
- $10.46
- Slippage, 4 orders
- −$42.66
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $43.59
- Costs to cover
- 0.567%
- Break-even
- 3.6 days
Slippage from Pacifica: live order book, 19 min ago; RISEx: live order book, 20 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 Pacifica live order book, 19 min ago | 8.07 bp | 20.7 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 20 min ago | 2.15 bp | 5.2 bp −$5 | 7.0 bp −$70 | doesn't fit | doesn't fit |
CRCL on 34 exchanges
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 | −0.0048% | 1h | 92.570 | +0.119% | $866K | $745K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.500 | +0.043% | $15.0M | $25.0M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 92.520 | +0.065% | $18.5M | $33.5M | 25x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | 0.0000% | 1h | 92.450 | −0.011% | $5K | $415K | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.580 | +0.130% | $1.0M | $45K | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.0015% | 1h | 92.450 | −0.011% | — | $30K | 25x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 92.484 | +0.026% | $998K | $2.5M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0040% | 1h | 92.581 | +0.130% | $2K | $29K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 92.397 | −0.068% | $67.5M | $39.8M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.550 | +0.097% | $329K | $951K | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
Bitget CRCLUSDT
Deribit CRCL_USDC-PERPETUAL
Phemex CRCLUSDT
Vest CRCL-USD-PERP
Lighter RH CRCL
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX CRCL-USD | +0.0050% | 1h | 92.530 | +0.076% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 92.420 | −0.043% | $994K | $3.8M | 10x | as long as short |
| QFEX CRCL-USD | +0.0055% | 1h | 92.520 | +0.065% | $1.3M | $1.6M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0072% | 1h | 92.090 | −0.400% | $38K | $172K | 30x | as long as short |
| Gate CRCL_USDT | +0.0079% | 8h | 92.600 | +0.151% | $7.5M | $25.5M | 50x | as long as short |
| Paradex CRCL-USD-PERP | +0.0091% | 8h | 92.451 | −0.010% | $425 | $477 | 5x | as long as short |
| Pacifica CRCLlong | +0.0100% | 1h | 92.460 | long leg | $138K | $139K | 10x | |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.510 | +0.054% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 92.530 | +0.076% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.560 | +0.108% | $923 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 92.543 | +0.089% | $4 | — | 10x | as long as short |
| edgeX CRCLUSDC | +0.0125% | 4h | 92.613 | +0.165% | $53K | $268K | 10x | as long as short |
| Phoenix CRCL | +0.0197% | 1h | 92.540 | +0.087% | $27K | $66K | 10x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 92.420 | −0.043% | $93K | $205K | 10x | as long as short |
| Variational Omni CRCL | +0.0256% | 8h | 92.573 | +0.122% | $2.5M | $3.2M | — | as long as short |
| OKX CRCL-USDT-SWAP | +0.0273% | 8h | 92.480 | +0.022% | $22.7M | $56.4M | 50x | as long as short |
| Nado CRCL-PERP | +0.0291% | 1h | 92.451 | −0.009% | $154K | $94K | 3x | as long as short |
| Lighter CRCL | +0.0304% | 1h | 92.506 | +0.050% | $2.9M | $2.1M | 10x | as long as short |
| Binance CRCLUSDT | +0.0310% | 8h | 92.531 | +0.077% | $106.6M | $349.9M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0312% | 1h | 92.482 | +0.024% | $1.1M | $4.0M | 10x | as long as short |
| Aster CRCLUSDT | +0.0320% | 8h | 92.580 | +0.130% | $1.1M | $4.5M | 20x | as long as short |
| BloFin CRCL-USDT | +0.0436% | 8h | 92.550 | +0.097% | $1.1M | $1.7M | 20x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0482% | 8h | 92.620 | +0.173% | $68K | $979K | 10x | as long as short |
| RISEx CRCL/USDCshort | +0.0528% | 1h | 92.597 | +0.148% | $415K | $225K | 10x |
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Injective CRCL/USDC PERP
Gate CRCL_USDT
Paradex CRCL-USD-PERP
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
edgeX CRCLUSDC
Phoenix CRCL
Arcus CRCL-USD
Variational Omni CRCL
OKX CRCL-USDT-SWAP
Nado CRCL-PERP
Lighter CRCL
Binance CRCLUSDT
Extended CRCL_24_5-USD
Aster CRCLUSDT
BloFin CRCL-USDT
GRVT CRCL_USDT_Perp