Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Bybit against Aster+0.019%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.019%, 7d avg +0.025%

Together, before fees−0.053%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRCLUSDT	94.252	0.0021	pay 0.0021% / 8h	2h 30m	$1.1M	$4.8M	20x
Short	Bybit CRCLUSDT	94.270	0.0021	get 0.0021% / 8h	2h 30m	$15.5M	$25.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$0.08
Price spread: +0.019% → +0.025%: −$0.55
Slippage, 4 orders: −$19.28
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.91
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Bybit: live order book, 3 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 Aster live order book, 3 min ago	1.59 bp	8.0 bp −$8	80.5 bp −$805	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.06 bp	11.9 bp −$12	21.2 bp −$212	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
Extended CRCL_24_5-USD	0.0000%	1h	94.253	+0.001%	$1.0M	$3.6M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	94.271	+0.021%	$108.3M	$389.2M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	94.208	−0.047%	$430K	$310K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.260	+0.009%	$7.2M	$27.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	94.082	−0.181%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.210	−0.045%	$50K	$1.2M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.120	−0.140%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.240	−0.013%	$1.4M	$2.7M	10x	as long as short
Bybit CRCLUSDTshort	+0.0021%	8h	94.270	+0.019%	$15.5M	$25.9M	50x
Aster CRCLUSDTlong	+0.0021%	8h	94.252	long leg	$1.1M	$4.8M	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	94.287	+0.037%	$876K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.186	−0.070%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.100	−0.161%	—	$45K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.247	−0.005%	$70.8M	$42.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.235	−0.018%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.262	+0.011%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.060	−0.204%	$1.1M	$5.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0088%	8h	94.213	−0.041%	$716	$428	5x	as long as short
Pacifica CRCL	+0.0100%	1h	94.170	−0.087%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.200	−0.055%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.180	−0.076%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.230	−0.023%	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.283	+0.033%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	94.190	−0.066%	$1.1M	$587K	20x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.000	−0.267%	$935K	$739K	10x	as long as short
Nado CRCL-PERP	+0.0185%	1h	94.140	−0.118%	$126K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0225%	8h	94.280	+0.030%	$22.8M	$60.6M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.212	−0.042%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0248%	1h	94.318	+0.070%	$3.1M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0267%	4h	94.221	−0.033%	$24K	$267K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0281%	1h	94.270	+0.019%	$4K	$771K	10x	as long as short
Bitget CRCLUSDT	+0.0332%	8h	94.270	+0.019%	$16.7M	$35.2M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.770	+0.550%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.150	−0.108%	$96K	$271K	10x	as long as short