Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

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: Paradex against RISEx−0.021%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Paradex

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Paradex is 0.021% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	93.524	0.0677	pay 0.0085% / 1h	0m 10s	$427K	$297K	10x
Short	Paradex CRCL-USD-PERP	93.504	0.0097	get 0.0097% / 8h	7h 00m	$767	$740	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$121.7
Price spread: −0.021% → 0.000%: −$2.12
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$133.81
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 8 min ago; Paradex: no order-book sample. Net counts fees only.

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, 8 min ago	2.65 bp	5.7 bp −$6	6.1 bp −$61	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	93.500	−0.025%	$935K	$591K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.460	−0.068%	$15.3M	$25.4M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	93.590	+0.071%	$7.2M	$27.2M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.520	−0.004%	$16.6M	$34.4M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	93.950	+0.456%	$62K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.530	+0.007%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.479	−0.048%	$979K	$3.0M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	93.768	+0.261%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	93.500	−0.025%	$1.3M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	93.380	−0.154%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	93.484	−0.043%	$71.4M	$40.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.483	−0.044%	$362K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.460	−0.068%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.610	+0.092%	$1.0M	$5.7M	10x	as long as short
Variational Omni CRCL	+0.0059%	8h	93.569	+0.048%	$2.5M	$3.1M	—	as long as short
Paradex CRCL-USD-PERPshort	+0.0097%	8h	93.504	−0.021%	$767	$740	5x
Pacifica CRCL	+0.0100%	1h	93.541	+0.019%	$75K	$96K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	93.490	−0.036%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	93.750	+0.242%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.450	−0.079%	$932	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.504	−0.021%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0123%	8h	93.450	−0.079%	$22.6M	$58.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0136%	1h	93.435	−0.095%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0138%	8h	93.423	−0.108%	$107.8M	$385.7M	50x	as long as short
Aster CRCLUSDT	+0.0141%	8h	93.522	−0.002%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0234%	1h	93.424	−0.107%	$154K	$89K	3x	as long as short
BloFin CRCL-USDT	+0.0261%	8h	93.460	−0.068%	$1.1M	$690K	20x	as long as short
Phoenix CRCL	+0.0296%	1h	93.980	+0.488%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0328%	1h	93.496	−0.030%	$3.0M	$2.3M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.210	+0.734%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	93.720	+0.210%	$96K	$271K	10x	as long as short
RISEx CRCL/USDClong	+0.0677%	1h	93.524	long leg	$427K	$297K	10x
Deribit CRCL_USDC-PERPETUAL	+0.0713%	1h	93.500	−0.025%	$4K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0940%	4h	93.809	+0.305%	$24K	$268K	10x	as long as short