Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.023%

Price spread now: SoDEX against Aster−0.248%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SoDEX is 0.248% cheaper against Aster than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRCLUSDT	92.352	0.0094	pay 0.0094% / 8h	6h 43m	$1.1M	$4.9M	20x
Short	SoDEX CRCL-USD	92.123	0.0050	get 0.0006% / 1h	43m 49s	$46K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.248%Rate

Funding earned: −$9.14
Price spread: −0.248% → 0.000%: −$24.83
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$49.96
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.

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	2.17 bp	11.2 bp −$11	226.5 bp −$2,265	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.840	−0.555%	$919K	$581K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.370	+0.019%	$15.2M	$25.7M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.210	−0.154%	$421K	$300K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.370	+0.019%	$7.2M	$26.0M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.420	+0.073%	$16.4M	$34.9M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.668	+0.342%	$61K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.210	−0.154%	$1.0M	$49K	10x	as long as short
Variational Omni CRCL	+0.0014%	8h	91.991	−0.391%	$2.5M	$3.2M	—	as long as short
Vest CRCL-USD-PERP	+0.0020%	1h	91.960	−0.425%	—	$38K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0030%	1h	92.378	+0.027%	$2K	$22K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.345	−0.008%	$976K	$2.9M	10x	as long as short
edgeX CRCLUSDC	+0.0036%	4h	92.112	−0.261%	$23K	$268K	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.180	−0.187%	$94K	$272K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.305	−0.051%	$69.7M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.195	−0.170%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USDshort	+0.0050%	1h	92.123	−0.248%	$46K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.180	−0.187%	$998K	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.180	−0.187%	$1.3M	$2.4M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0088%	8h	92.206	−0.158%	$756	$740	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0092%	8h	92.370	+0.019%	$21.9M	$60.0M	50x	as long as short
Aster CRCLUSDTlong	+0.0094%	8h	92.352	long leg	$1.1M	$4.9M	20x
Binance CRCLUSDT	+0.0095%	8h	92.344	−0.009%	$105.7M	$390.9M	50x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	92.302	−0.055%	$1.1M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.236	−0.126%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.400	+0.052%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.900	−0.490%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.230	−0.132%	$920	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.269	−0.090%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	−0.024%	$1.1M	$1.1M	20x	as long as short
Nado CRCL-PERP	+0.0227%	1h	92.193	−0.172%	$152K	$89K	3x	as long as short
Phoenix CRCL	+0.0231%	1h	91.994	−0.388%	$27K	$92K	10x	as long as short
Lighter CRCL	+0.0248%	1h	92.362	+0.011%	$3.0M	$2.3M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0401%	1h	92.270	−0.089%	$4K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.910	+1.687%	$5K	$19K	30x	as long as short