Funding you earn now, next payment 16:00 UTC−0.0278%/8h= −30.4% APRnext payment −$2.78 per $10,000 · paid last 24h −0.061%
Price spread now: Gate against Aster+0.054%7-day average +0.032% · 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−$35as in the Price arb table
costs, in and out, $10k−$370.367% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now +0.054%, 7d avg +0.032%
=Together, before fees−0.038%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.022% dearer against Aster than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.032%): +$2 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 6 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.78 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster CRCLUSDT | 93.140 | 0.0387 | pay 0.0387% / 8h | 5h 57m | $1.1M | $4.5M | 20x |
| Short | Gate CRCL_USDT | 93.190 | 0.0109 | get 0.0109% / 8h | 5h 57m | $7.5M | $25.2M | 50x |
Aster CRCLUSDT
Gate CRCL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$58.36
- Price spread: +0.054% → +0.032%
- $2.18
- Slippage, 4 orders
- −$13.75
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$92.93
- Costs to cover
- 0.367%
- Break-even
- never at this rate
Slippage from Aster: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago | 3.22 bp | 10.4 bp −$10 | 311.6 bp −$3,116 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 0.54 bp | 8.0 bp −$8 | 24.4 bp −$244 | doesn't fit | doesn't fit |
CRCL on 34 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0048% | 1h | 93.090 | −0.054% | $862K | $703K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.0018% | 1h | 93.030 | −0.118% | — | $30K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 93.140 | 0.000% | $15.1M | $25.1M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 93.170 | +0.032% | $18.4M | $33.5M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 93.130 | −0.011% | $1.0M | $45K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 93.142 | +0.002% | $1.0M | $2.5M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0042% | 1h | 92.980 | −0.171% | $2K | $29K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 93.050 | −0.097% | $68.0M | $40.3M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 93.112 | −0.030% | $383K | $847K | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 93.115 | −0.027% | $47K | $3K | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Vest CRCL-USD-PERP
Bybit CRCLUSDT
Bitget CRCLUSDT
Phemex CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 93.000 | −0.150% | $1.0M | $3.8M | 10x | as long as short |
| QFEX CRCL-USD | +0.0055% | 1h | 93.110 | −0.032% | $1.3M | $1.6M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0072% | 1h | 92.090 | −1.127% | $38K | $172K | 30x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0072% | 1h | 93.110 | −0.032% | $5K | $435K | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 93.080 | −0.064% | $139K | $141K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 93.090 | −0.054% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 93.070 | −0.075% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 93.150 | +0.011% | $929 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 93.158 | +0.019% | $4 | — | 10x | as long as short |
| Gate CRCL_USDTshort | +0.0109% | 8h | 93.190 | +0.054% | $7.5M | $25.2M | 50x | |
| Paradex CRCL-USD-PERP | +0.0129% | 8h | 93.111 | −0.031% | $428 | $477 | 5x | as long as short |
| Phoenix CRCL | +0.0199% | 1h | 92.945 | −0.209% | $27K | $66K | 10x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 93.110 | −0.032% | $94K | $214K | 10x | as long as short |
| Lighter CRCL | +0.0288% | 1h | 93.147 | +0.008% | $3.0M | $2.1M | 10x | as long as short |
| Variational Omni CRCL | +0.0309% | 8h | 92.973 | −0.179% | $2.5M | $3.3M | — | as long as short |
| Nado CRCL-PERP | +0.0318% | 1h | 93.106 | −0.037% | $152K | $92K | 3x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0336% | 8h | 93.120 | −0.021% | $23.0M | $57.1M | 50x | as long as short |
| Aster CRCLUSDTlong | +0.0387% | 8h | 93.140 | long leg | $1.1M | $4.5M | 20x | |
| Binance CRCLUSDT | +0.0396% | 8h | 93.120 | −0.021% | $107.7M | $353.3M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0400% | 1h | 93.101 | −0.042% | $1.1M | $4.0M | 10x | as long as short |
| edgeX CRCLUSDC | +0.0418% | 4h | 92.953 | −0.200% | $53K | $270K | 10x | as long as short |
| BloFin CRCL-USDT | +0.0516% | 8h | 93.160 | +0.021% | $1.1M | $1.7M | 20x | as long as short |
| RISEx CRCL/USDC | +0.0528% | 1h | 93.140 | 0.000% | $418K | $239K | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0826% | 8h | 93.209 | +0.074% | $61K | $1.0M | 10x | as long as short |
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Injective CRCL/USDC PERP
Deribit CRCL_USDC-PERPETUAL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Phoenix CRCL
Arcus CRCL-USD
Lighter CRCL
Variational Omni CRCL
Nado CRCL-PERP
OKX CRCL-USDT-SWAP
Binance CRCLUSDT
Extended CRCL_24_5-USD
edgeX CRCLUSDC
BloFin CRCL-USDT
RISEx CRCL/USDC
GRVT CRCL_USDT_Perp