CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.069%

Price spread now: tradeXYZ against RISEx−0.097%7-day average −0.062% · 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−$34as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on RISEx Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.256%−$26 on $10k

Price spread, last 4 days (all we have)+0.608%+$61 · spread now −0.097%, 7d avg −0.062%

Together, before fees+0.352%+ Points / potential airdroptradeXYZ: Active · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.036% cheaper against RISEx than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of −0.062%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 4 days funding on this pair cost −0.256%, 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	92.100	0	get 0.0000% / 1h	59m 25s	$420K	$298K	10x
Short	tradeXYZ xyz:CRCL	92.010	0.0050	get 0.0006% / 1h	59m 25s	$68.6M	$41.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.097%Rate

Funding earned: $10.5
Price spread: −0.097% → −0.062%: −$3.57
Slippage, 4 orders: −$6.23
Fee RISEx: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$23.29
Costs to cover: 0.302%
Break-even: 22.5 days

Slippage from RISEx: live order book, 64 min ago; tradeXYZ: live order book, 10 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, 64 min ago	1.63 bp	4.6 bp −$5	5.7 bp −$57	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	1.19 bp	10.7 bp −$11	doesn't fit	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	−0.0990%	8h	92.140	+0.044%	$16.2M	$34.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0074%	1h	91.900	−0.217%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	92.083	−0.018%	$1.1M	$4.9M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.080	−0.022%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	92.101	+0.001%	$105.0M	$386.1M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.130	+0.033%	$15.2M	$25.9M	50x	as long as short
RISEx CRCL/USDClong	0.0000%	1h	92.100	long leg	$420K	$298K	10x
Gate CRCL_USDT	0.0000%	8h	92.100	0.000%	$7.2M	$26.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.126	+0.029%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.150	+0.055%	$68K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	92.180	+0.087%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0004%	8h	92.150	+0.055%	$21.6M	$59.9M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.980	−0.130%	$907K	$501K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	92.032	−0.074%	$2K	$24K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	92.090	−0.011%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.119	+0.021%	$977K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.060	−0.043%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCLshort	+0.0050%	1h	92.010	−0.097%	$68.6M	$41.4M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	92.048	−0.056%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.120	+0.022%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.020	−0.087%	$1.0M	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0080%	8h	92.098	−0.002%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.096	−0.004%	$135K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.100	0.000%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.110	+0.011%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.080	−0.021%	$918	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.119	+0.021%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	92.180	+0.087%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0183%	1h	92.175	+0.082%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0200%	1h	92.117	+0.019%	$3.0M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0293%	1h	92.120	+0.022%	$4K	$767K	10x	as long as short
Nado CRCL-PERP	+0.0325%	1h	92.046	−0.059%	$131K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.520	+0.456%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0757%	4h	92.110	+0.011%	$51K	$277K	10x	as long as short