Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h −0.018%

Price spread now: Pacifica against Aster−0.061%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.061%, 7d avg −0.028%

Together, before fees−0.048%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.033% cheaper against Aster than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.028%). If the spread goes back, that is −$3 on $10k: about 4.2 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.065%, 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	Aster CRCLUSDT	91.346	0.0074	pay 0.0074% / 8h	1h 46m	$1.0M	$5.1M	20x
Short	Pacifica CRCL	91.290	0.0100	get 0.0013% / 1h	46m 22s	$134K	$159K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.061%Rate

Funding earned: $5.49
Price spread: −0.061% → −0.028%: −$3.29
Slippage, 4 orders: −$58.93
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$72.73
Costs to cover: 0.749%
Break-even: 99.7 days

Slippage from Aster: live order book, 2 min ago; Pacifica: live order book, 42 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, 2 min ago	2.74 bp	9.3 bp −$9	61.5 bp −$615	doesn't fit	doesn't fit
Sell Pacifica live order book, 42 min ago	18.69 bp	26.5 bp −$27	doesn't fit	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	−0.0727%	8h	91.380	+0.038%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0084%	1h	91.050	−0.324%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.320	−0.028%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.380	+0.038%	$7.7M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.430	+0.092%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.330	−0.017%	$1.0M	$48K	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.360	+0.016%	$93K	$289K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	91.305	−0.045%	$2K	$27K	5x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.298	−0.052%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.290	−0.061%	$1.1M	$5.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.470	+0.136%	$891K	$605K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.340	−0.006%	$1.3M	$1.8M	10x	as long as short
Aster CRCLUSDTlong	+0.0074%	8h	91.346	long leg	$1.0M	$5.1M	20x
Binance CRCLUSDT	+0.0087%	8h	91.320	−0.028%	$104.4M	$397.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0088%	1h	91.319	−0.029%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCLshort	+0.0100%	1h	91.290	−0.061%	$134K	$159K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.340	−0.006%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.290	−0.061%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.310	−0.039%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.318	−0.030%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0151%	1h	91.265	−0.088%	$67.6M	$44.4M	10x	as long as short
Lighter RH CRCL	+0.0152%	1h	91.348	+0.002%	$976K	$2.7M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0173%	8h	91.295	−0.056%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0175%	8h	91.444	+0.108%	$65K	$1.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0175%	1h	91.304	−0.046%	$382K	$1.3M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0184%	8h	91.340	−0.006%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0206%	8h	91.300	−0.050%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.384	+0.042%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.335	−0.012%	$416K	$268K	10x	as long as short
edgeX CRCLUSDC	+0.0321%	4h	91.441	+0.104%	$52K	$278K	10x	as long as short
Lighter CRCL	+0.0328%	1h	91.351	+0.006%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.930	+0.640%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0449%	1h	91.245	−0.110%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.340	−0.006%	$5K	$769K	10x	as long as short