Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.033%

Price spread now: Aster against Polymarket Perps+0.042%7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.184%+$18 on $10k

Price spread, last 7 days+0.028%+$3 · spread now +0.042%, 7d avg +0.105%

Together, before fees+0.212%+ Points / potential airdropAster: Stage 5 · farm board+$21 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 0.062% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.105%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.184%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	91.294	0.0050	pay 0.0006% / 1h	15m 58s	$382K	$1.3M	10x
Short	Aster CRCLUSDT	91.333	0.0024	get 0.0024% / 8h	2h 15m	$1.0M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$5.45
Price spread: +0.042% → +0.105%: −$6.24
Slippage, 4 orders: −$14.06
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$41.76
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Aster: live order book, 3 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 Polymarket Perps live order book, 2 min ago	2.47 bp	6.5 bp −$6	7.2 bp −$72	9.6 bp −$959	doesn't fit
Sell Aster live order book, 3 min ago	2.19 bp	8.1 bp −$8	12.2 bp −$122	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	−0.1002%	8h	91.370	+0.083%	$16.9M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0079%	1h	90.980	−0.344%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.340	+0.050%	$14.6M	$26.9M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.350	+0.061%	$7.6M	$27.6M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.069	−0.246%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.280	−0.015%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDTshort	+0.0024%	8h	91.333	+0.042%	$1.0M	$5.1M	20x
Lighter RH CRCL	+0.0032%	1h	91.309	+0.016%	$973K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	91.128	−0.182%	$2K	$27K	5x	as long as short
Binance CRCLUSDT	+0.0038%	8h	91.312	+0.020%	$103.8M	$396.2M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRCL_24_5-USD	+0.0040%	1h	91.282	−0.013%	$1.0M	$5.7M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.180	−0.125%	$93K	$289K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.228	−0.072%	$68.1M	$43.4M	10x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	91.294	long leg	$382K	$1.3M	10x
SoDEX CRCL-USD	+0.0050%	1h	91.273	−0.023%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	−0.092%	$1.1M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.310	+0.018%	$1.4M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.190	−0.114%	$888K	$603K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.290	−0.004%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.230	−0.070%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.220	−0.081%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.280	−0.015%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.274	−0.022%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0111%	8h	91.295	+0.001%	$420	$905	5x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.330	+0.039%	$416K	$293K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0120%	8h	91.310	+0.018%	$65K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0130%	8h	91.350	+0.061%	$22.1M	$62.4M	50x	as long as short
BloFin CRCL-USDT	+0.0152%	8h	91.290	−0.004%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.113	−0.198%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0224%	1h	91.310	+0.018%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0313%	1h	91.225	−0.076%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.760	+0.510%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0517%	1h	91.280	−0.015%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0896%	4h	91.103	−0.210%	$52K	$277K	10x	as long as short