Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0361%/8h= −39.5% APRpaid last 24h −0.084%

Price spread now: Aster against Injective−0.352%77s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.586%−$59 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Aster is 0.352% cheaper against Injective than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 77 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	Injective CRCL/USDC PERP	92.640	0.0440	pay 0.0055% / 1h	26m 00s	$5K	$19K	30x
Short	Aster CRCLUSDT	92.314	0.0079	get 0.0079% / 8h	6h 26m	$1.1M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.352%Rate

Funding earned: −$75.72
Price spread: −0.352% → 0.000%: −$35.2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$118.94
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Aster: live order book, 3 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	1.08 bp	6.7 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit

Injective: 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 33 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	−0.0597%	8h	92.320	−0.345%	$16.1M	$35.4M	25x	as long as short
Vest CRCL-USD-PERP	−0.0020%	1h	91.970	−0.723%	—	$37K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	92.050	−0.637%	$916K	$583K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.180	−0.497%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.193	−0.482%	$421K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.330	−0.335%	$7.2M	$26.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.310	−0.356%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.306	−0.361%	$71K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.300	−0.367%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0025%	1h	92.151	−0.528%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.351	−0.312%	$982K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.160	−0.518%	$94K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.284	−0.384%	$69.4M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.173	−0.504%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.210	−0.464%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.130	−0.551%	$1.0M	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.130	−0.551%	$1.3M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0071%	8h	92.100	−0.583%	$21.8M	$60.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0072%	1h	92.146	−0.533%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0073%	8h	92.199	−0.476%	$105.2M	$392.9M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0077%	8h	92.146	−0.533%	$756	$740	5x	as long as short
Aster CRCLUSDTshort	+0.0079%	8h	92.314	−0.352%	$1.1M	$4.9M	20x
Pacifica CRCL	+0.0100%	1h	92.153	−0.526%	$129K	$153K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.280	−0.389%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.240	−0.432%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.260	−0.410%	$920	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.307	−0.359%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0156%	1h	92.194	−0.481%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0224%	1h	92.350	−0.313%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	92.258	−0.412%	$27K	$92K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0400%	1h	92.310	−0.356%	$4K	$769K	10x	as long as short
Injective CRCL/USDC PERPlong	+0.0440%	1h	92.640	long leg	$5K	$19K	30x
edgeX CRCLUSDC	+0.0920%	4h	92.305	−0.362%	$23K	$266K	10x	as long as short