Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.021%

Price spread now: Aster against tradeXYZ+0.073%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 7 days+0.033%+$3 · spread now +0.073%, 7d avg +0.065%

Together, before fees+0.112%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.065%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRCL	91.247	0.0091	pay 0.0011% / 1h	3m 49s	$67.3M	$44.3M	10x
Short	Aster CRCLUSDT	91.314	0.0199	get 0.0199% / 8h	3m 49s	$1.0M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.073%Rate

Funding earned: $22.58
Price spread: +0.073% → +0.065%: $0.83
Slippage, 4 orders: −$13.61
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$16.2
Costs to cover: 0.396%
Break-even: 12.0 days

Slippage from tradeXYZ: live order book, 6 min ago; Aster: live order book, 5 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 tradeXYZ live order book, 6 min ago	0.49 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	2.74 bp	9.3 bp −$9	12.7 bp −$127	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	−0.0346%	8h	91.360	+0.124%	$17.3M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0085%	1h	90.980	−0.293%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.330	+0.091%	$7.8M	$28.0M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.300	+0.058%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.285	+0.042%	$983K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.260	+0.014%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.220	−0.030%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.280	+0.036%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	−0.041%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0065%	8h	91.330	+0.091%	$14.8M	$26.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.280	+0.036%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.194%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCLlong	+0.0091%	1h	91.247	long leg	$67.3M	$44.3M	10x
Pacifica CRCL	+0.0100%	1h	91.280	+0.036%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.270	+0.025%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.170	−0.084%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.260	+0.014%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.306	+0.064%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0132%	8h	91.253	+0.006%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0154%	1h	91.276	+0.032%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0161%	8h	91.279	+0.036%	$420	$905	5x	as long as short
Aster CRCLUSDTshort	+0.0199%	8h	91.314	+0.073%	$1.0M	$5.0M	20x
Binance CRCLUSDT	+0.0216%	8h	91.316	+0.075%	$104.9M	$389.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0216%	1h	91.284	+0.041%	$1.0M	$5.0M	10x	as long as short
Phoenix CRCL	+0.0227%	1h	91.260	+0.014%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	91.227	−0.022%	$70K	$1.1M	10x	as long as short
Lighter CRCL	+0.0264%	1h	91.281	+0.037%	$2.9M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0291%	8h	91.300	+0.058%	$22.3M	$61.7M	50x	as long as short
BloFin CRCL-USDT	+0.0333%	8h	91.320	+0.080%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0438%	1h	91.172	−0.082%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.740	+0.540%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.310	+0.069%	$412K	$263K	10x	as long as short
edgeX CRCLUSDC	+0.0907%	4h	91.195	−0.057%	$52K	$270K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0957%	1h	91.280	+0.036%	$5K	$769K	10x	as long as short