The specific features of nonlinear pair production and radiation processes in an ultratsrong rotating electric field are investigated, taking into account that this field models the antinodes of counterpropagating laser beams. It is shown that a particle in a rotating electric field acquires an effective mass which depends on its momentum absolute value as well as on its direction with respect to the field plane. This phenomenon has an impact on the nonlinear Breit-Wheeler and nonlinear Compton processes. The spectra of the produced pairs in the first case, and the emitted photon in the second case, are shown to bear signatures of the effective mass. In the first case, the threshold for pair production by a $gamma$-photon in the presence of this field varies according to the photon propagation direction. In the second case, varying the energy of the incoming electron allows for the measurement of the momentum dependence of the effective mass. Two corresponding experimental setups are suggested.