Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.018%

Price spread now: Pacifica against Aster−0.027%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.027% cheaper against Aster than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRCLUSDT	92.178	0.0079	pay 0.0079% / 8h	6h 26m	$1.1M	$4.9M	20x
Short	Pacifica CRCL	92.153	0.0100	get 0.0013% / 1h	26m 46s	$129K	$153K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.027%Rate

Funding earned: $4.32
Price spread: −0.027% → 0.000%: −$2.67
Slippage, 4 orders: −$68.82
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$83.18
Costs to cover: 0.848%
Break-even: 141.8 days

Slippage from Aster: live order book, 2 min ago; Pacifica: live order book, 22 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, 2 min ago	1.08 bp	9.4 bp −$9	65.9 bp −$659	doesn't fit	doesn't fit
Sell Pacifica live order book, 22 min ago	25.99 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit

CRCL on 33 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	−0.0577%	8h	92.180	+0.002%	$16.0M	$35.4M	25x	as long as short
Vest CRCL-USD-PERP	−0.0018%	1h	91.960	−0.236%	—	$37K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	92.050	−0.139%	$916K	$583K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.170	−0.008%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.220	+0.046%	$421K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.140	−0.041%	$7.2M	$26.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.181	+0.003%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.306	+0.139%	$71K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.060	−0.128%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0025%	1h	92.160	−0.020%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.162	−0.017%	$980K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.180	+0.002%	$94K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.085	−0.101%	$69.3M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.162	−0.017%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.090	−0.095%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.130	−0.052%	$1.0M	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.200	+0.024%	$1.3M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0070%	8h	92.190	+0.013%	$21.8M	$60.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0072%	1h	92.094	−0.090%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0073%	8h	92.167	−0.011%	$105.2M	$393.2M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0077%	8h	92.146	−0.034%	$756	$740	5x	as long as short
Aster CRCLUSDTlong	+0.0079%	8h	92.178	long leg	$1.1M	$4.9M	20x
Pacifica CRCLshort	+0.0100%	1h	92.153	−0.027%	$129K	$153K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	92.200	+0.024%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.240	+0.068%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.160	−0.019%	$919	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.114	−0.069%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0157%	1h	92.164	−0.015%	$131K	$103K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0184%	1h	92.110	−0.074%	$4K	$769K	10x	as long as short
Lighter CRCL	+0.0216%	1h	92.167	−0.012%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	92.258	+0.087%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.640	+0.501%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0920%	4h	92.305	+0.138%	$23K	$266K	10x	as long as short