Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h −0.030%

Price spread now: Vest against Aster−0.280%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 Vest

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 · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Vest is 0.280% cheaper against Aster than usual: you would sell low and buy high (−$28 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	92.249	0.0011	pay 0.0011% / 8h	5h 11m	$1.1M	$4.9M	20x
Short	Vest CRCL-USD-PERP	91.990	−0.0077	pay 0.0010% / 1h	11m 17s	—	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.280%Rate

Funding earned: −$18.33
Price spread: −0.280% → 0.000%: −$28.04
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$56.38
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Vest: 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, 2 min ago	1.63 bp	7.0 bp −$7	14.8 bp −$148	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Bitget CRCLUSDT	−0.1117%	8h	92.290	+0.045%	$16.0M	$34.7M	25x	as long as short
Vest CRCL-USD-PERPshort	−0.0077%	1h	91.990	−0.280%	—	$31K	25x
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	92.090	−0.172%	$909K	$501K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.268	+0.021%	$1.1M	$5.7M	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.320	+0.077%	$15.2M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.216	−0.035%	$421K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.270	+0.023%	$7.2M	$26.9M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.177	−0.078%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.109	−0.152%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.250	+0.001%	$1.0M	$49K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRCLUSDT	+0.0004%	8h	92.298	+0.054%	$105.5M	$386.2M	50x	as long as short
Aster CRCLUSDTlong	+0.0011%	8h	92.249	long leg	$1.1M	$4.9M	20x
OKX CRCL-USDT-SWAP	+0.0014%	8h	92.350	+0.110%	$21.7M	$59.9M	50x	as long as short
BloFin CRCL-USDT	+0.0016%	8h	92.330	+0.088%	$1.1M	$1.3M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	92.024	−0.243%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	92.170	−0.085%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.337	+0.096%	$980K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.040	−0.226%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.215	−0.037%	$68.7M	$41.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.201	−0.052%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.205	−0.047%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.030	−0.237%	$1.0M	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0086%	8h	92.209	−0.043%	$756	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.198	−0.055%	$133K	$156K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.230	−0.020%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.980	−0.291%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.270	+0.023%	$920	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.264	+0.016%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	92.048	−0.218%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0224%	1h	92.169	−0.087%	$131K	$104K	3x	as long as short
Lighter CRCL	+0.0232%	1h	92.341	+0.100%	$3.0M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.530	+0.305%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0509%	1h	92.310	+0.066%	$4K	$767K	10x	as long as short
edgeX CRCLUSDC	+0.0965%	4h	92.084	−0.179%	$23K	$248K	10x	as long as short