CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.088%

Price spread now: Polymarket Perps against RISEx−0.031%7-day average −0.075% · 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−$22as in the Price arb table

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

Long on RISEx Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.282%−$28 on $10k

Price spread, last 4 days (all we have)−0.284%−$28 · spread now −0.031%, 7d avg −0.075%

Together, before fees−0.566%−$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.044% dearer against RISEx than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.075%. Mind the row above: over the last 3 days funding on this pair cost −0.282%, 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	91.947	0	get 0.0000% / 1h	37m 38s	$420K	$300K	10x
Short	Polymarket Perps CRCL-USD	91.919	0.0050	get 0.0006% / 1h	37m 38s	$356K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.031%Rate

Funding earned: $10.5
Price spread: −0.031% → −0.075%: $4.39
Slippage, 4 orders: −$12.14
Fee RISEx: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$11.25
Costs to cover: 0.261%
Break-even: 14.5 days

Slippage from RISEx: live order book, 31 min ago; Polymarket Perps: live order book, just now.

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, 31 min ago	2.65 bp	5.7 bp −$6	6.1 bp −$61	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, just now	0.54 bp	7.3 bp −$7	7.6 bp −$76	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
Bitget CRCLUSDT	−0.0319%	8h	92.000	+0.057%	$16.0M	$35.4M	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.650	−0.323%	$912K	$584K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.980	+0.036%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDClong	0.0000%	1h	91.947	long leg	$420K	$300K	10x
Gate CRCL_USDT	0.0000%	8h	92.010	+0.068%	$7.2M	$26.4M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.790	−0.171%	$61K	$1.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	0.0000%	1h	91.780	−0.182%	$4K	$769K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.810	−0.149%	$1.0M	$49K	10x	as long as short
Variational Omni CRCL	+0.0004%	8h	91.891	−0.061%	$2.5M	$3.2M	—	as long as short
Vest CRCL-USD-PERP	+0.0005%	1h	91.710	−0.258%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0027%	1h	92.020	+0.079%	$2K	$22K	5x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.984	+0.040%	$978K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.870	−0.084%	$93K	$272K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.878	−0.075%	$69.2M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USDshort	+0.0050%	1h	91.919	−0.031%	$356K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	91.760	−0.204%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.760	−0.204%	$1.0M	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.930	−0.019%	$1.3M	$2.4M	10x	as long as short
Binance CRCLUSDT	+0.0078%	8h	91.940	−0.008%	$104.9M	$393.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	91.918	−0.032%	$1.1M	$5.7M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0081%	8h	91.960	+0.014%	$21.7M	$60.2M	50x	as long as short
Aster CRCLUSDT	+0.0082%	8h	91.918	−0.031%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0084%	8h	91.949	+0.002%	$754	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.960	+0.014%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.980	+0.036%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.780	−0.182%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.820	−0.138%	$915	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.792	−0.169%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0181%	1h	91.942	−0.005%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0192%	1h	91.970	+0.025%	$3.0M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	+0.416%	$1.1M	$1.1M	20x	as long as short
Phoenix CRCL	+0.0231%	1h	91.923	−0.026%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.270	+0.351%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0565%	4h	91.735	−0.231%	$23K	$267K	10x	as long as short