CRCL Funding Rate — live across 12 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized CRCL perpetual funding across all 12 venues Perpia tracks. Right now CRCL funding is positive on 6 and negative on 0, ranging from +10.9% on KuCoin to +0.0% on Ostium — a spread of 10.9%. The widest delta-neutral trade is long Variational / short KuCoin at 8.7% net APR.
CRCL funding rate by venue
31 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| KuCoin | +10.9% | 8h |
| Pacifica | +10.9% | 1h |
| Sodex | +5.5% | 1h |
| trade.xyz | +5.1% | 1h |
| Hyperliquid | +5.0% | 1h |
| Lighter | +3.5% | 8h |
| Variational | +0.0% | 8h |
| OKX | +0.0% | 8h |
| Bybit | +0.0% | 8h |
| Bitget | +0.0% | 8h |
| Aster | +0.0% | 8h |
| Ostium | +0.0% | 1h |
Rates annualized; updated ~every few minutes from live venue data.
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CRCL funding — FAQ
Is CRCL funding positive right now?
CRCL perpetual funding is positive on 6 of 12 venues Perpia tracks. The highest is +10.9% on KuCoin; the lowest is +0.0% on Ostium.
What is the best CRCL funding arbitrage right now?
Go long Variational and short KuCoin for about 8.7% net APR after fees — the widest delta-neutral CRCL spread Perpia currently sees.
Which exchange has the highest CRCL funding rate?
KuCoin, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How CRCL funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.