Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0305%/8h= −33.4% APRpaid last 24h −0.103%

Price spread now: Aster against edgeX+0.061%70s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.366% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.658%−$66 on $10k

Price spread, last 4 days (all we have)−0.518%−$52 · spread now +0.061%, 7d avg +0.009%

Together, before fees−1.176%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$118 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.052% dearer against edgeX than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.009%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 14 hours. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CRCLUSDC	91.583	0.0316	pay 0.0158% / 4h	1h 36m	$23K	$267K	10x
Short	Aster CRCLUSDT	91.639	0.0011	get 0.0011% / 8h	5h 36m	$1.1M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$63.99
Price spread: +0.061% → +0.009%: $5.23
Slippage, 4 orders: −$19.56
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$95.33
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from edgeX: live order book, 26 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 edgeX live order book, 26 min ago	5.98 bp	11.6 bp −$12	23.7 bp −$237	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	2.18 bp	7.3 bp −$7	19.4 bp −$194	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
Bitget CRCLUSDT	−0.1325%	8h	91.640	+0.063%	$15.7M	$34.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0076%	1h	91.360	−0.243%	—	$35K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.450	−0.145%	$902K	$527K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.591	+0.009%	$1.1M	$5.7M	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.640	+0.063%	$14.9M	$25.7M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.616	+0.036%	$418K	$297K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.620	+0.041%	$7.1M	$26.6M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.517	−0.072%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.574	−0.010%	$65K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.570	−0.014%	$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	+0.0002%	8h	91.606	+0.026%	$104.3M	$384.3M	50x	as long as short
BloFin CRCL-USDT	+0.0008%	8h	91.560	−0.025%	$1.1M	$1.3M	20x	as long as short
Aster CRCLUSDTshort	+0.0011%	8h	91.639	+0.061%	$1.1M	$4.9M	20x
OKX CRCL-USDT-SWAP	+0.0015%	8h	91.630	+0.052%	$21.5M	$59.3M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0020%	1h	91.480	−0.112%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.550	−0.036%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.640	+0.063%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.530	−0.058%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.557	−0.028%	$68.5M	$41.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.586	+0.004%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.561	−0.024%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.470	−0.123%	$996K	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0068%	8h	91.613	+0.033%	$751	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.562	−0.022%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.590	+0.008%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.530	−0.058%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.580	−0.003%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.581	−0.002%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	91.480	−0.112%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0184%	1h	91.585	+0.003%	$130K	$104K	3x	as long as short
Lighter CRCL	+0.0216%	1h	91.654	+0.078%	$3.0M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0296%	1h	91.620	+0.041%	$4K	$767K	10x	as long as short
edgeX CRCLUSDClong	+0.0316%	4h	91.583	long leg	$23K	$267K	10x
Injective CRCL/USDC PERP	+0.0440%	1h	92.200	+0.674%	$5K	$19K	30x	as long as short