CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.005%

Price spread now: Aster against Binance−0.173%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 2 days (all we have)+0.136%+$14 · spread now −0.173%, 7d avg −0.013%

Together, before fees+0.155%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.160% cheaper against Binance than usual: you would sell low and buy high (spread −0.173% now, against its 7-day average of −0.013%). If the spread goes back, that is −$16 on $10k: about 18 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.018% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	94.541	0	get 0.0000% / 8h	2h 26m	$108.6M	$389.3M	50x
Short	Aster CRCLUSDT	94.378	0.0030	get 0.0030% / 8h	2h 26m	$1.1M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.173%Rate

Funding earned: $6.33
Price spread: −0.173% → −0.013%: −$16
Slippage, 4 orders: −$10.25
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.93
Costs to cover: 0.283%
Break-even: 49.0 days

Slippage from Binance: live order book, 2 min ago; Aster: live order book, 2 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 Binance live order book, 2 min ago	0.53 bp	6.5 bp −$6	14.1 bp −$141	43.8 bp −$4,380	197.9 bp −$99.0K
Sell Aster live order book, 2 min ago	1.59 bp	8.6 bp −$9	18.0 bp −$180	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
Extended CRCL_24_5-USD	0.0000%	1h	94.529	−0.013%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDTlong	0.0000%	8h	94.541	long leg	$108.6M	$389.3M	50x
RISEx CRCL/USDC	0.0000%	1h	94.497	−0.047%	$431K	$310K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.530	−0.012%	$7.2M	$27.8M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	94.261	−0.297%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.250	−0.308%	$50K	$1.2M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	0.0000%	1h	94.630	+0.094%	$4K	$771K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.480	−0.065%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.630	+0.094%	$1.4M	$2.7M	10x	as long as short
Bybit CRCLUSDT	+0.0030%	8h	94.540	−0.002%	$15.5M	$25.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CRCLUSDTshort	+0.0030%	8h	94.378	−0.173%	$1.1M	$4.8M	20x
Lighter RH CRCL	+0.0032%	1h	94.538	−0.004%	$882K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0043%	1h	94.310	−0.245%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.540	−0.002%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.488	−0.057%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.492	−0.052%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.350	−0.203%	$1.1M	$5.9M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0068%	1h	94.491	−0.053%	$71.0M	$42.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.436	−0.111%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.440	−0.107%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.210	−0.351%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.520	−0.023%	$942	$3K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0102%	8h	94.504	−0.040%	$718	$428	5x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.549	+0.008%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	94.480	−0.065%	$1.1M	$588K	20x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.290	−0.266%	$938K	$742K	10x	as long as short
edgeX CRCLUSDC	+0.0196%	4h	94.232	−0.327%	$24K	$268K	10x	as long as short
Nado CRCL-PERP	+0.0208%	1h	94.470	−0.075%	$127K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0225%	8h	94.540	−0.002%	$22.8M	$60.8M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.372	−0.179%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0280%	1h	94.596	+0.058%	$3.1M	$2.4M	10x	as long as short
Bitget CRCLUSDT	+0.0336%	8h	94.540	−0.002%	$16.8M	$35.2M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.830	+0.305%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.460	−0.086%	$97K	$272K	10x	as long as short