CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.61 per $10,000 · paid last 24h −0.014%

Price spread now: Bybit against Aster−0.001%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.001%, 7d avg +0.027%

Together, before fees−0.001%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.028% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRCLUSDT	91.741	0.0061	pay 0.0061% / 8h	6h 19m	$1.1M	$4.9M	20x
Short	Bybit CRCLUSDT	91.740	0	get 0.0000% / 8h	6h 19m	$15.0M	$25.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$12.81
Price spread: −0.001% → +0.027%: −$2.8
Slippage, 4 orders: −$18.73
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.34
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Bybit: live order book, 4 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 Aster live order book, 4 min ago	1.63 bp	10.9 bp −$11	195.0 bp −$1,950	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.54 bp	9.8 bp −$10	17.9 bp −$179	doesn't fit	doesn't fit

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	−0.0760%	8h	91.770	+0.031%	$15.9M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0033%	1h	91.530	−0.230%	—	$40K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.700	−0.045%	$913K	$581K	10x	as long as short
Bybit CRCLUSDTshort	0.0000%	8h	91.740	−0.001%	$15.0M	$25.9M	50x
RISEx CRCL/USDC	0.0000%	1h	91.713	−0.031%	$419K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.710	−0.034%	$7.1M	$26.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.938	+0.214%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.906	+0.179%	$63K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.830	+0.097%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0024%	1h	91.936	+0.213%	$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	91.747	+0.006%	$976K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.820	+0.086%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.690	−0.056%	$68.9M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.649	−0.101%	$354K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.700	−0.045%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.770	+0.031%	$999K	$5.5M	10x	as long as short
Binance CRCLUSDT	+0.0052%	8h	91.712	−0.032%	$104.6M	$393.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0056%	1h	91.702	−0.043%	$1.1M	$5.7M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.710	−0.034%	$1.3M	$2.3M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0060%	8h	91.720	−0.023%	$21.7M	$60.1M	50x	as long as short
Aster CRCLUSDTlong	+0.0061%	8h	91.741	long leg	$1.1M	$4.9M	20x
Paradex CRCL-USD-PERP	+0.0074%	8h	91.724	−0.019%	$752	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.720	−0.024%	$132K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.780	+0.042%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.900	+0.173%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.690	−0.056%	$914	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.705	−0.039%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0157%	1h	91.725	−0.018%	$130K	$103K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0186%	1h	91.710	−0.034%	$4K	$769K	10x	as long as short
Lighter CRCL	+0.0208%	1h	91.757	+0.017%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.850	+0.118%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.500	+0.827%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0811%	4h	91.882	+0.154%	$23K	$267K	10x	as long as short