Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h −0.004%

Price spread now: Aster against Coinbase International+0.032%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.032%, 7d avg +0.051%

Together, before fees−0.056%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CRCL-PERP-INTX	94.390	0.0144	pay 0.0018% / 1h	25m 10s	$939K	$743K	10x
Short	Aster CRCLUSDT	94.420	0.0034	get 0.0034% / 8h	2h 25m	$1.1M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$23.1
Price spread: +0.032% → +0.051%: −$1.96
Slippage, 4 orders: −$18.14
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$61.2
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 63 min ago; Aster: 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 Coinbase International live order book, 63 min ago	5.26 bp	10.8 bp −$11	15.2 bp −$152	doesn't fit	doesn't fit
Sell Aster live order book, 4 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	94.511	+0.129%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	94.518	+0.136%	$108.5M	$389.2M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	94.530	+0.148%	$431K	$310K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.550	+0.170%	$7.2M	$27.8M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	94.532	+0.150%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.450	+0.064%	$50K	$1.2M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	0.0000%	1h	94.490	+0.106%	$4K	$771K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.480	+0.095%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.510	+0.127%	$1.4M	$2.7M	10x	as long as short
Bybit CRCLUSDT	+0.0027%	8h	94.530	+0.148%	$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
Lighter RH CRCL	+0.0032%	1h	94.551	+0.171%	$882K	$2.9M	10x	as long as short
Aster CRCLUSDTshort	+0.0034%	8h	94.420	+0.032%	$1.1M	$4.8M	20x
Aftermath Perps CRCLUSD	+0.0043%	1h	94.288	−0.108%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.410	+0.021%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.481	+0.096%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.534	+0.153%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.350	−0.042%	$1.1M	$5.9M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0056%	1h	94.481	+0.096%	$71.0M	$42.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.544	+0.163%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.490	+0.106%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.300	−0.095%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.530	+0.148%	$942	$3K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0101%	8h	94.598	+0.220%	$719	$428	5x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.536	+0.155%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	94.530	+0.148%	$1.1M	$589K	20x	as long as short
Coinbase International CRCL-PERP-INTXlong	+0.0144%	1h	94.390	long leg	$939K	$743K	10x
Nado CRCL-PERP	+0.0198%	1h	94.459	+0.073%	$127K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0223%	8h	94.520	+0.138%	$22.8M	$60.7M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.600	+0.222%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0264%	1h	94.573	+0.194%	$3.1M	$2.4M	10x	as long as short
Bitget CRCLUSDT	+0.0335%	8h	94.510	+0.127%	$16.8M	$35.2M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.830	+0.466%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.550	+0.170%	$97K	$272K	10x	as long as short
edgeX CRCLUSDC	+0.0931%	4h	94.439	+0.052%	$24K	$266K	10x	as long as short