Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h −0.030%

Price spread now: Aster against Arcus+0.057%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$370.374% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.175%+$18 · spread now +0.057%, 7d avg +0.075%

Together, before fees+0.122%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CRCL-USD	91.720	0.0040	pay 0.0005% / 1h	16m 38s	$94K	$292K	10x
Short	Aster CRCLUSDT	91.773	0.0115	get 0.0115% / 8h	1h 16m	$1.0M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.057%Rate

Funding earned: $15.6
Price spread: +0.057% → +0.075%: −$1.72
Slippage, 4 orders: −$24.93
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.55
Costs to cover: 0.374%
Break-even: 17.6 days

Slippage from Arcus: live order book, 27 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 Arcus live order book, 27 min ago	4.38 bp	12.5 bp −$12	16.1 bp −$161	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.63 bp	7.5 bp −$8	10.9 bp −$109	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	−0.0524%	8h	91.770	+0.055%	$17.6M	$37.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0082%	1h	91.550	−0.185%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.740	+0.022%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.770	+0.055%	$7.8M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.800	+0.087%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0013%	8h	91.789	+0.075%	$2.4M	$3.2M	—	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.726	+0.006%	$2K	$28K	5x	as long as short
Arcus CRCL-USDlong	+0.0040%	1h	91.720	long leg	$94K	$292K	10x
Lighter RH CRCL	+0.0048%	1h	91.759	+0.043%	$981K	$2.7M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.772	+0.057%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.670	−0.055%	$1.1M	$5.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.790	+0.076%	$894K	$616K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.690	−0.033%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0096%	1h	91.711	−0.010%	$67.9M	$44.4M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.765	+0.049%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.700	−0.022%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.710	−0.011%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.780	+0.065%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.773	+0.058%	$4	—	10x	as long as short
Aster CRCLUSDTshort	+0.0115%	8h	91.773	+0.057%	$1.0M	$5.1M	20x
Extended CRCL_24_5-USD	+0.0120%	1h	91.694	−0.029%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0128%	8h	91.700	−0.022%	$104.8M	$398.1M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0137%	1h	91.799	+0.086%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0176%	8h	91.764	+0.048%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0201%	8h	91.760	+0.043%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0216%	8h	91.730	+0.011%	$22.3M	$62.9M	50x	as long as short
BloFin CRCL-USDT	+0.0242%	8h	91.820	+0.109%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.779	+0.064%	$27K	$82K	10x	as long as short
edgeX CRCLUSDC	+0.0267%	4h	91.778	+0.064%	$52K	$278K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.730	+0.011%	$418K	$268K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.756	+0.039%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0415%	1h	91.603	−0.128%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.210	+0.534%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1714%	1h	91.850	+0.142%	$5K	$769K	10x	as long as short