Funding you earn now, next payment 16:00 UTC+0.0385%/8h= +42.1% APRnext payment +$3.85 per $10,000 · paid last 24h +0.033%
Price spread now: Aster against Bybit+0.021%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now +0.021%, 7d avg −0.030%
=Together, before fees−0.037%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Aster is 0.051% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.030%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.007% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.85 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CRCLUSDT | 93.050 | 0 | get 0.0000% / 8h | 5h 46m | $15.0M | $25.1M | 50x |
| Short | Aster CRCLUSDT | 93.070 | 0.0385 | get 0.0385% / 8h | 5h 46m | $1.1M | $4.4M | 20x |
Bybit CRCLUSDT
Aster CRCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $80.82
- Price spread: +0.021% → −0.030%
- $5.13
- Slippage, 4 orders
- −$22.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $43.98
- Costs to cover
- 0.420%
- Break-even
- 3.2 days
Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 0.54 bp | 10.4 bp −$10 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 2.15 bp | 8.1 bp −$8 | 11.6 bp −$116 | doesn't fit | doesn't fit |
CRCL on 34 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0048% | 1h | 92.950 | −0.107% | $869K | $749K | 10x | as long as short |
| Vest CRCL-USD-PERP | −0.0003% | 1h | 92.930 | −0.129% | — | $30K | 25x | as long as short |
| Bybit CRCLUSDTlong | 0.0000% | 8h | 93.050 | long leg | $15.0M | $25.1M | 50x | |
| Bitget CRCLUSDT | 0.0000% | 8h | 93.090 | +0.043% | $18.6M | $33.4M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 93.020 | −0.032% | $1.0M | $45K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 93.046 | −0.004% | $999K | $2.5M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0041% | 1h | 93.059 | +0.009% | $2K | $29K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 92.975 | −0.081% | $67.9M | $40.2M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.951 | −0.106% | $382K | $847K | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 93.035 | −0.016% | $47K | $3K | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Vest CRCL-USD-PERP
Bitget CRCLUSDT
Phemex CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 92.980 | −0.075% | $1.0M | $3.8M | 10x | as long as short |
| QFEX CRCL-USD | +0.0055% | 1h | 92.920 | −0.140% | $1.3M | $1.6M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0072% | 1h | 92.090 | −1.032% | $38K | $172K | 30x | as long as short |
| Gate CRCL_USDT | +0.0085% | 8h | 93.120 | +0.075% | $7.5M | $25.3M | 50x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 93.075 | +0.027% | $139K | $139K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 93.090 | +0.043% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 93.110 | +0.064% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 93.080 | +0.032% | $928 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 93.057 | +0.008% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0113% | 8h | 93.033 | −0.018% | $428 | $477 | 5x | as long as short |
| Phoenix CRCL | +0.0197% | 1h | 93.210 | +0.172% | $28K | $66K | 10x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 92.970 | −0.086% | $94K | $212K | 10x | as long as short |
| Lighter CRCL | +0.0272% | 1h | 93.051 | +0.001% | $3.0M | $2.1M | 10x | as long as short |
| Nado CRCL-PERP | +0.0281% | 1h | 92.926 | −0.133% | $154K | $94K | 3x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0288% | 1h | 93.010 | −0.043% | $5K | $415K | 10x | as long as short |
| Variational Omni CRCL | +0.0308% | 8h | 93.171 | +0.130% | $2.5M | $3.3M | — | as long as short |
| OKX CRCL-USDT-SWAP | +0.0318% | 8h | 93.050 | 0.000% | $23.0M | $57.0M | 50x | as long as short |
| Aster CRCLUSDTshort | +0.0385% | 8h | 93.070 | +0.021% | $1.1M | $4.4M | 20x | |
| Extended CRCL_24_5-USD | +0.0392% | 1h | 93.039 | −0.012% | $1.1M | $4.0M | 10x | as long as short |
| Binance CRCLUSDT | +0.0395% | 8h | 93.052 | +0.002% | $107.6M | $352.1M | 50x | as long as short |
| BloFin CRCL-USDT | +0.0515% | 8h | 93.020 | −0.032% | $1.1M | $1.7M | 20x | as long as short |
| RISEx CRCL/USDC | +0.0528% | 1h | 93.230 | +0.193% | $418K | $235K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0752% | 4h | 93.110 | +0.064% | $53K | $269K | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0786% | 8h | 93.270 | +0.236% | $61K | $1.0M | 10x | as long as short |
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Injective CRCL/USDC PERP
Gate CRCL_USDT
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Phoenix CRCL
Arcus CRCL-USD
Lighter CRCL
Nado CRCL-PERP
Deribit CRCL_USDC-PERPETUAL
Variational Omni CRCL
OKX CRCL-USDT-SWAP
Extended CRCL_24_5-USD
Binance CRCLUSDT
BloFin CRCL-USDT
RISEx CRCL/USDC
edgeX CRCLUSDC
GRVT CRCL_USDT_Perp