Settings8H · net · $10k
Funding arb · Price arb /

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h +0.075%
Price spread now: RISEx against Paradex+0.021%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and RISEx is 0.021% dearer against Paradex than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex CRCL-USD-PERP93.5040.0097pay 0.0097% / 8h7h 00m$767$7405x
ShortRISEx CRCL/USDC93.5240.0677get 0.0085% / 1h0m 22s$427K$297K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Paradex. 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

Funding earned
$121.7
Price spread: +0.021% → 0.000%
$2.12
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee RISEx: 3 bp × 2 orders
−$6
Net
$113.81
Costs to cover
0.100%
Break-even
0.5 days
Slippage unknown: Paradex: no order-book sample; RISEx: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell RISEx live order book, 8 min ago2.65 bp5.7 bp −$66.8 bp −$68doesn't fitdoesn't fit
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CRCL on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International CRCL-PERP-INTX−0.0064%1h93.600+0.103%$936K$591K10xas long as short
Bybit CRCLUSDT0.0000%8h93.520+0.017%$15.3M$25.4M50xas long as short
Gate CRCL_USDT0.0000%8h93.590+0.092%$7.2M$27.2M50xas long as short
Bitget CRCLUSDT0.0000%8h93.560+0.060%$16.6M$34.3M25xas long as short
GRVT CRCL_USDT_Perp0.0000%8h93.950+0.477%$62K$1.1M10xas long as short
Phemex CRCLUSDT0.0000%4h93.620+0.124%$1.0M$49K10xas long as short
Lighter RH CRCL+0.0032%1h93.517+0.014%$980K$3.0M10xas long as short
Aftermath Perps CRCLUSD+0.0037%1h93.768+0.282%$2K$22K5xas long as short
QFEX CRCL-USD+0.0042%1h93.500−0.004%$1.3M$2.5M10xas long as short
Vest CRCL-USD-PERP+0.0046%1h93.380−0.133%$37K25xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CRCL+0.0050%1h93.484−0.021%$71.4M$40.9M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h93.483−0.023%$362K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h93.567+0.067%$47K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h93.610+0.113%$1.0M$5.7M10xas long as short
Variational Omni CRCL+0.0059%8h93.569+0.069%$2.5M$3.1Mas long as short
Paradex CRCL-USD-PERPlong+0.0097%8h93.504long leg$767$7405x
Pacifica CRCL+0.0100%1h93.541+0.040%$75K$96K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h93.550+0.049%$2.9M$1.9M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h93.750+0.263%$69K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h93.450−0.058%$932$3K10xas long as short
Aevo CRCL-PERP+0.0104%1h93.5040.000%$410xas long as short
OKX CRCL-USDT-SWAP+0.0123%8h93.540+0.038%$22.6M$58.6M50xas long as short
Binance CRCLUSDT+0.0138%8h93.454−0.053%$107.8M$385.5M50xas long as short
Aster CRCLUSDT+0.0141%8h93.524+0.021%$1.1M$4.9M20xas long as short
Extended CRCL_24_5-USD+0.0144%1h93.492−0.013%$1.1M$5.7M10xas long as short
Nado CRCL-PERP+0.0234%1h93.424−0.086%$154K$89K3xas long as short
BloFin CRCL-USDT+0.0261%8h93.460−0.047%$1.1M$690K20xas long as short
Phoenix CRCL+0.0296%1h93.980+0.509%$28K$92K10xas long as short
Lighter CRCL+0.0328%1h93.607+0.110%$3.0M$2.3M10xas long as short
Injective CRCL/USDC PERP+0.0440%1h94.210+0.755%$5K$19K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0498%1h93.590+0.092%$4K$769K10xas long as short
Arcus CRCL-USD+0.0521%1h93.720+0.231%$96K$271K10xas long as short
RISEx CRCL/USDCshort+0.0677%1h93.524+0.021%$427K$297K10x
edgeX CRCLUSDC+0.0940%4h93.809+0.326%$24K$268K10xas long as short