Settings8H · net · $10k
Funding arb · Price arb /

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.033%
Price spread now: Aster against Ondo Perps+0.094%7-day average +0.143% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.158%+$16 on $10k
Price spread, last 7 days−0.022%−$2 · spread now +0.094%, 7d avg +0.143%
Together, before fees+0.136%+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.050% cheaper against Ondo Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.143%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.158%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps CRCL-USD.P91.2200.0050pay 0.0006% / 1h13m 29s$1.1M$5.2M10x
ShortAster CRCLUSDT91.3050.0027get 0.0027% / 8h2h 13m$1.0M$5.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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

Funding earned
−$4.97
Price spread: +0.094% → +0.143%
−$4.96
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$22.93
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Aster live order book, 5 min ago2.19 bp8.1 bp −$812.2 bp −$122doesn't fitdoesn't fit
Ondo Perps: 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 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CRCLUSDT−0.0986%8h91.400+0.197%$17.0M$36.7M25xas long as short
Vest CRCL-USD-PERP−0.0079%1h91.000−0.241%$31K25xas long as short
Bybit CRCLUSDT0.0000%8h91.310+0.099%$14.6M$26.9M50xas long as short
Gate CRCL_USDT0.0000%8h91.350+0.143%$7.6M$27.6M50xas long as short
Variational Omni CRCL0.0000%8h91.280+0.066%$2.4M$3.2Mas long as short
Phemex CRCLUSDT0.0000%4h91.350+0.143%$1.0M$48K10xas long as short
Aster CRCLUSDTshort+0.0027%8h91.305+0.094%$1.0M$5.1M20x
Lighter RH CRCL+0.0032%1h91.333+0.124%$973K$2.9M10xas long as short
Aftermath Perps CRCLUSD+0.0036%1h91.201−0.021%$2K$27K5xas long as short
Extended CRCL_24_5-USD+0.0040%1h91.322+0.111%$1.0M$5.7M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus CRCL-USD+0.0040%1h91.240+0.022%$93K$289K10xas long as short
Binance CRCLUSDT+0.0042%8h91.320+0.110%$103.8M$396.7M50xas long as short
tradeXYZ xyz:CRCL+0.0050%1h91.236+0.018%$68.2M$43.5M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h91.293+0.080%$382K$1.3M10xas long as short
SoDEX CRCL-USD+0.0050%1h91.321+0.111%$46K$3K10xas long as short
Ondo Perps CRCL-USD.Plong+0.0050%1h91.220long leg$1.1M$5.2M10x
QFEX CRCL-USD+0.0054%1h91.350+0.143%$1.3M$1.8M10xas long as short
Coinbase International CRCL-PERP-INTX+0.0072%1h91.190−0.033%$888K$603K10xas long as short
Pacifica CRCL+0.0100%1h91.320+0.110%$134K$159K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.250+0.033%$2.7M$1.8M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h91.210−0.011%$67K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.290+0.077%$910$2K10xas long as short
Aevo CRCL-PERP+0.0104%1h91.315+0.104%$410xas long as short
RISEx CRCL/USDC+0.0117%1h91.340+0.132%$416K$286K10xas long as short
Paradex CRCL-USD-PERP+0.0120%8h91.322+0.111%$420$9055xas long as short
GRVT CRCL_USDT_Perp+0.0125%8h91.320+0.109%$65K$1.1M10xas long as short
OKX CRCL-USDT-SWAP+0.0137%8h91.330+0.121%$22.1M$62.4M50xas long as short
BloFin CRCL-USDT+0.0158%8h91.350+0.143%$1.1M$1.6M20xas long as short
Phoenix CRCL+0.0210%1h91.287+0.073%$27K$82K10xas long as short
Lighter CRCL+0.0232%1h91.335+0.126%$2.9M$2.4M10xas long as short
Nado CRCL-PERP+0.0321%1h91.215−0.006%$133K$108K3xas long as short
Injective CRCL/USDC PERP+0.0440%1h91.760+0.592%$5K$19K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0737%1h91.310+0.099%$4K$768K10xas long as short
edgeX CRCLUSDC+0.0795%4h91.300+0.088%$52K$278K10xas long as short