Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0815%/8h= +89.3% APRpaid last 24h +0.121%

Price spread now: edgeX against Aster+0.038%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs+$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.671%+$67 on $10k

Price spread, last 4 days (all we have)+0.514%+$51 · spread now +0.038%, 7d avg −0.005%

Together, before fees+1.185%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$118 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and edgeX is 0.044% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRCLUSDT	91.750	0.0167	pay 0.0167% / 8h	39m 03s	$1.0M	$5.0M	20x
Short	edgeX CRCLUSDC	91.785	0.0982	get 0.0491% / 4h	39m 03s	$52K	$275K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $171.17
Price spread: +0.038% → −0.005%: $4.37
Slippage, 4 orders: −$27.34
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $131.2
Costs to cover: 0.443%
Break-even: 1.6 days

Slippage from Aster: live order book, 5 min ago; edgeX: live order book, 64 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, 5 min ago	2.18 bp	11.1 bp −$11	113.5 bp −$1,135	doesn't fit	doesn't fit
Sell edgeX live order book, 64 min ago	6.02 bp	11.6 bp −$12	23.8 bp −$238	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	−0.0249%	8h	91.730	−0.022%	$17.6M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0078%	1h	91.440	−0.338%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.720	−0.033%	$7.8M	$27.3M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.730	−0.022%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0029%	8h	91.680	−0.076%	$14.8M	$26.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.704	−0.050%	$980K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.665	−0.093%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.710	−0.044%	$97K	$292K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.670	−0.087%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.710	−0.044%	$1.1M	$4.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.640	−0.120%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.400	−0.382%	$890K	$405K	10x	as long as short
Variational Omni CRCL	+0.0095%	8h	91.757	+0.008%	$2.4M	$3.3M	—	as long as short
Pacifica CRCL	+0.0100%	1h	91.630	−0.131%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.720	−0.033%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.700	−0.055%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.700	−0.055%	$914	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.688	−0.068%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0131%	1h	91.604	−0.159%	$67.8M	$43.8M	10x	as long as short
Aster CRCLUSDTlong	+0.0167%	8h	91.750	long leg	$1.0M	$5.0M	20x
Paradex CRCL-USD-PERP	+0.0174%	8h	91.626	−0.135%	$421	$905	5x	as long as short
Polymarket Perps CRCL-USD	+0.0179%	1h	91.643	−0.117%	$380K	$1.3M	10x	as long as short
Binance CRCLUSDT	+0.0182%	8h	91.680	−0.076%	$105.3M	$389.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0184%	1h	91.667	−0.090%	$1.0M	$5.0M	10x	as long as short
Phoenix CRCL	+0.0227%	1h	91.688	−0.068%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0248%	8h	91.784	+0.036%	$61K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0259%	8h	91.710	−0.044%	$22.3M	$61.8M	50x	as long as short
Lighter CRCL	+0.0296%	1h	91.696	−0.059%	$2.9M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0302%	8h	91.720	−0.033%	$1.1M	$1.7M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0405%	1h	91.680	−0.076%	$5K	$769K	10x	as long as short
Nado CRCL-PERP	+0.0437%	1h	91.575	−0.191%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+0.458%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.665	−0.093%	$411K	$271K	10x	as long as short
edgeX CRCLUSDCshort	+0.0982%	4h	91.785	+0.038%	$52K	$275K	10x