CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.1214%/8h= +133.0% APRnext payment +$12.14 per $10,000 · paid last 24h +0.019%

Price spread now: Aster against GRVT+0.240%50s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as 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−$380.375% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.210%−$21 · spread now +0.240%, 7d avg −0.015%

Together, before fees−0.140%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Aster is 0.256% dearer against GRVT than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.015%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRCL_USDT_Perp	91.321	−0.1007	get 0.1007% / 8h	7h 56m	$70K	$1.1M	10x
Short	Aster CRCLUSDT	91.540	0.0207	get 0.0207% / 8h	7h 56m	$1.0M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now +0.240%Rate

Funding earned: $255.01
Price spread: +0.240% → −0.015%: $25.56
Slippage, 4 orders: −$20.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $243.07
Costs to cover: 0.375%
Break-even: 0.3 days

Slippage from GRVT: live order book, 1 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 GRVT live order book, 1 min ago	1.64 bp	11.5 bp −$11	18.6 bp −$186	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	2.73 bp	7.8 bp −$8	19.9 bp −$199	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
GRVT CRCL_USDT_Perplong	−0.1007%	8h	91.321	long leg	$70K	$1.1M	10x
Bitget CRCLUSDT	−0.0305%	8h	91.590	+0.295%	$17.4M	$36.7M	25x	as long as short
tradeXYZ xyz:CRCL	−0.0105%	1h	91.505	+0.202%	$67.5M	$44.4M	10x	as long as short
Vest CRCL-USD-PERP	−0.0088%	1h	91.320	−0.001%	—	$31K	25x	as long as short
Nado CRCL-PERP	−0.0016%	1h	91.519	+0.217%	$134K	$109K	3x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.540	+0.240%	$14.9M	$26.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.570	+0.273%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.560	+0.262%	$986K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.490	+0.186%	$875K	$503K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.282	−0.042%	$2K	$29K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.550	+0.251%	$95K	$294K	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.513	+0.211%	$378K	$1.3M	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.230	−0.099%	$1.1M	$4.8M	10x	as long as short
SoDEX CRCL-USD	+0.0051%	1h	91.556	+0.258%	$46K	$3K	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.540	+0.240%	$1.3M	$1.7M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0078%	1h	91.560	+0.262%	$5K	$769K	10x	as long as short
Lighter CRCL	+0.0080%	1h	91.563	+0.266%	$2.9M	$2.1M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.547	+0.248%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.520	+0.218%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.400	+0.087%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.570	+0.273%	$913	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.623	+0.331%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0145%	8h	91.273	−0.052%	$2.4M	$3.2M	—	as long as short
Paradex CRCL-USD-PERP	+0.0152%	8h	91.574	+0.278%	$421	$905	5x	as long as short
Aster CRCLUSDTshort	+0.0207%	8h	91.540	+0.240%	$1.0M	$5.0M	20x
Extended CRCL_24_5-USD	+0.0216%	1h	91.566	+0.269%	$1.0M	$5.0M	10x	as long as short
Gate CRCL_USDT	+0.0220%	8h	91.610	+0.317%	$7.8M	$26.1M	50x	as long as short
Binance CRCLUSDT	+0.0221%	8h	91.550	+0.251%	$105.2M	$389.0M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.541	+0.241%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0288%	8h	91.540	+0.240%	$22.3M	$61.9M	50x	as long as short
BloFin CRCL-USDT	+0.0340%	8h	91.570	+0.273%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.960	+0.700%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.586	+0.290%	$413K	$260K	10x	as long as short
edgeX CRCLUSDC	+0.0896%	4h	91.303	−0.019%	$52K	$269K	10x	as long as short