CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0478%/8h= +52.3% APRnext payment +$0.60 per $10,000 · paid last 24h +0.058%

Price spread now: RISEx against Polymarket Perps+0.047%7-day average +0.069% · 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−$26as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Polymarket Perps Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.298%+$30 on $10k

Price spread, last 4 days (all we have)+0.499%+$50 · spread now +0.047%, 7d avg +0.069%

Together, before fees+0.797%+$80 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.021% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.069%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	92.881	0.0050	pay 0.0006% / 1h	43m 02s	$377K	$851K	10x
Short	RISEx CRCL/USDC	92.925	0.0528	get 0.0066% / 1h	43m 02s	$417K	$233K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Polymarket Perps. 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 Polymarket PerpsbpFee RISExbpOrdersPrice spread, now +0.047%Rate

Funding earned: $100.28
Price spread: +0.047% → +0.069%: −$2.14
Slippage, 4 orders: −$9.87
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $74.27
Costs to cover: 0.239%
Break-even: 1.8 days

Slippage from Polymarket Perps: live order book, 3 min ago; RISEx: live order book, 3 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 Polymarket Perps live order book, 3 min ago	2.53 bp	7.0 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell RISEx live order book, 3 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	92.950	+0.074%	$869K	$748K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.930	+0.053%	$15.0M	$25.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.980	+0.107%	$18.6M	$33.4M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.900	+0.020%	$1.0M	$45K	10x	as long as short
Vest CRCL-USD-PERP	+0.0001%	1h	92.800	−0.087%	—	$30K	25x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.939	+0.062%	$998K	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	92.951	+0.075%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.851	−0.032%	$67.8M	$40.2M	10x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	92.881	long leg	$377K	$851K	10x
SoDEX CRCL-USD	+0.0050%	1h	92.907	+0.028%	$47K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.810	−0.076%	$1.0M	$3.8M	10x	as long as short
QFEX CRCL-USD	+0.0055%	1h	92.880	−0.001%	$1.3M	$1.6M	10x	as long as short
Injective CRCL/USDC PERP	+0.0072%	1h	92.090	−0.852%	$38K	$172K	30x	as long as short
Gate CRCL_USDT	+0.0079%	8h	93.000	+0.128%	$7.5M	$25.3M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	92.900	+0.020%	$139K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.940	+0.064%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.970	+0.096%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.960	+0.085%	$927	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.950	+0.074%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0108%	8h	92.887	+0.006%	$427	$477	5x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0181%	1h	92.900	+0.020%	$5K	$415K	10x	as long as short
Phoenix CRCL	+0.0197%	1h	92.861	−0.022%	$27K	$66K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	92.870	−0.012%	$93K	$210K	10x	as long as short
Nado CRCL-PERP	+0.0292%	1h	92.846	−0.038%	$155K	$94K	3x	as long as short
Variational Omni CRCL	+0.0306%	8h	93.001	+0.130%	$2.5M	$3.3M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0312%	8h	92.960	+0.085%	$22.9M	$56.8M	50x	as long as short
Lighter CRCL	+0.0320%	1h	92.969	+0.095%	$3.0M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0375%	8h	92.974	+0.100%	$1.1M	$4.4M	20x	as long as short
Extended CRCL_24_5-USD	+0.0376%	1h	92.919	+0.041%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0378%	8h	92.940	+0.064%	$107.2M	$352.1M	50x	as long as short
BloFin CRCL-USDT	+0.0505%	8h	92.980	+0.107%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDCshort	+0.0528%	1h	92.925	+0.047%	$417K	$233K	10x
GRVT CRCL_USDT_Perp	+0.0773%	8h	93.081	+0.215%	$61K	$1.0M	10x	as long as short
edgeX CRCLUSDC	+0.0830%	4h	92.904	+0.025%	$53K	$270K	10x	as long as short