Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0128%/8hnext payment +$1.28 per $10,000 · paid last 24h +0.010%

Price spread now: OKX against Aster−0.008%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days−0.062%−$6 · spread now −0.008%, 7d avg +0.004%

Together, before fees−0.058%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRCLUSDT	94.867	0.0162	pay 0.0162% / 8h	4h 21m	$1.1M	$4.7M	20x
Short	OKX CRCL-USDT-SWAP	94.860	0.0290	get 0.0290% / 8h	4h 21m	$23.0M	$59.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $26.89
Price spread: −0.008% → +0.004%: −$1.15
Slippage, 4 orders: −$13.82
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$6.07
Costs to cover: 0.318%
Break-even: 8.6 days

Slippage from Aster: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	2.63 bp	8.9 bp −$9	30.4 bp −$304	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.53 bp	7.7 bp −$8	14.2 bp −$142	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
Gate CRCL_USDT	0.0000%	8h	94.810	−0.060%	$7.2M	$26.8M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.780	−0.092%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.867	0.000%	$816K	$2.8M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.720	−0.155%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.766	−0.107%	$357K	$1.0M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.765	−0.108%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.700	−0.176%	$1.1M	$5.8M	10x	as long as short
QFEX CRCL-USD	+0.0071%	1h	94.860	−0.008%	$1.4M	$2.7M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0073%	1h	94.809	−0.061%	$71.2M	$41.2M	10x	as long as short
Bybit CRCLUSDT	+0.0086%	8h	94.840	−0.029%	$15.5M	$25.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex CRCL-USD-PERP	+0.0097%	8h	94.879	+0.012%	$721	$428	5x	as long as short
Pacifica CRCL	+0.0100%	1h	94.850	−0.018%	$78K	$97K	10x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.800	−0.071%	$70K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.780	−0.092%	$945	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.791	−0.080%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0113%	8h	94.887	+0.021%	$48K	$1.2M	10x	as long as short
Variational Omni CRCL	+0.0123%	8h	94.715	−0.161%	$2.5M	$3.2M	—	as long as short
KuCoin CRCLUSDTM	+0.0136%	8h	94.820	−0.050%	$2.9M	$1.7M	20x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.790	−0.081%	$947K	$730K	10x	as long as short
Aster CRCLUSDTlong	+0.0162%	8h	94.867	long leg	$1.1M	$4.7M	20x
Phoenix CRCL	+0.0162%	1h	94.827	−0.042%	$28K	$92K	10x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	94.833	−0.036%	$1.2M	$3.5M	10x	as long as short
Binance CRCLUSDT	+0.0169%	8h	94.840	−0.029%	$108.9M	$376.9M	50x	as long as short
RISEx CRCL/USDC	+0.0224%	1h	94.870	+0.003%	$421K	$312K	10x	as long as short
OKX CRCL-USDT-SWAPshort	+0.0290%	8h	94.860	−0.008%	$23.0M	$59.5M	50x
BloFin CRCL-USDT	+0.0290%	8h	94.860	−0.008%	$1.1M	$576K	20x	as long as short
Lighter CRCL	+0.0304%	1h	94.892	+0.026%	$3.0M	$2.1M	10x	as long as short
Nado CRCL-PERP	+0.0318%	1h	94.720	−0.155%	$132K	$67K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0359%	1h	94.681	−0.197%	$2K	$16K	5x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0384%	1h	94.760	−0.113%	$4K	$802K	10x	as long as short
Bitget CRCLUSDT	+0.0413%	8h	94.860	−0.008%	$17.0M	$34.3M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.200	+0.351%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0748%	1h	94.840	−0.029%	$102K	$257K	10x	as long as short
edgeX CRCLUSDC	+0.0859%	4h	94.832	−0.037%	$24K	$265K	10x	as long as short