CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.049%

Price spread now: Deribit against RISEx−0.020%7-day average −0.042% · 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−$24as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on RISEx Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.090%−$9 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now −0.020%, 7d avg −0.042%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.022% dearer against RISEx than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.042%. Mind the row above: over the last 4 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	91.168	0.0501	pay 0.0063% / 1h	35m 15s	$412K	$258K	10x
Short	Deribit CRCL_USDC-PERPETUAL	91.150	0.0519	get 0.0065% / 1h	35m 15s	$5K	$769K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against RISEx. 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 RISExbpFee DeribitbpOrdersPrice spread, now −0.020%Rate

Funding earned: $3.68
Price spread: −0.020% → −0.042%: $2.22
Slippage, 4 orders: −$13.09
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$20.19
Costs to cover: 0.261%
Break-even: 45.4 days

Slippage from RISEx: live order book, 63 min ago; Deribit: 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 RISEx live order book, 63 min ago	0.55 bp	3.5 bp −$4	5.3 bp −$53	doesn't fit	doesn't fit
Sell Deribit live order book, 64 min ago	6.00 bp	9.5 bp −$9	12.2 bp −$122	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	90.880	−0.316%	—	$31K	25x	as long as short
Bitget CRCLUSDT	−0.0085%	8h	91.190	+0.024%	$17.3M	$36.1M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.180	+0.013%	$14.9M	$26.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.180	+0.013%	$1.0M	$47K	10x	as long as short
Gate CRCL_USDT	+0.0008%	8h	91.210	+0.046%	$7.8M	$26.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.162	−0.007%	$981K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.190	+0.024%	$872K	$505K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.142	−0.028%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.110	−0.064%	$95K	$284K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.094	−0.081%	$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	91.114	−0.059%	$376K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.121	−0.052%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.030	−0.151%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.130	−0.042%	$1.3M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.159	−0.010%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.200	+0.035%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.120	−0.053%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.150	−0.020%	$909	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.131	−0.040%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0134%	8h	91.130	−0.042%	$419	$766	5x	as long as short
Variational Omni CRCL	+0.0152%	8h	91.180	+0.013%	$2.4M	$3.3M	—	as long as short
GRVT CRCL_USDT_Perp	+0.0152%	8h	91.220	+0.057%	$62K	$1.1M	10x	as long as short
Aster CRCLUSDT	+0.0215%	8h	91.186	+0.020%	$1.0M	$5.0M	20x	as long as short
Lighter CRCL	+0.0224%	1h	91.165	−0.003%	$2.9M	$2.1M	10x	as long as short
Binance CRCLUSDT	+0.0230%	8h	91.160	−0.009%	$104.8M	$386.8M	50x	as long as short
Extended CRCL_24_5-USD	+0.0232%	1h	91.126	−0.046%	$1.1M	$5.1M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	91.200	+0.035%	$27K	$66K	10x	as long as short
edgeX CRCLUSDC	+0.0262%	4h	91.189	+0.023%	$52K	$269K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0296%	8h	91.200	+0.035%	$22.3M	$61.4M	50x	as long as short
BloFin CRCL-USDT	+0.0350%	8h	91.150	−0.020%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0375%	1h	91.084	−0.092%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+1.099%	$5K	$19K	30x	as long as short
RISEx CRCL/USDClong	+0.0501%	1h	91.168	long leg	$412K	$258K	10x
Deribit CRCL_USDC-PERPETUALshort	+0.0519%	1h	91.150	−0.020%	$5K	$769K	10x