Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.023%

Price spread now: Aster against SoDEX+0.065%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.065% dearer against SoDEX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CRCL-USD	94.357	0.0050	pay 0.0006% / 1h	21m 57s	$47K	$3K	10x
Short	Aster CRCLUSDT	94.418	0.0190	get 0.0190% / 8h	7h 21m	$1.1M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.065%Rate

Funding earned: $29.37
Price spread: +0.065% → 0.000%: $6.48
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $19.85
Costs to cover: 0.160%
Break-even: 2.3 days

Slippage unknown: SoDEX: no order-book sample; Aster: live order book, 2 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	2.12 bp	7.9 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.210	−0.156%	$942K	$622K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.370	+0.014%	$15.5M	$25.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.400	+0.046%	$7.2M	$27.0M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.506	+0.158%	$67K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.390	+0.035%	$1.0M	$49K	10x	as long as short
Bitget CRCLUSDT	+0.0026%	8h	94.390	+0.035%	$17.0M	$34.6M	25x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.366	+0.010%	$888K	$2.8M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	94.348	−0.010%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.390	+0.035%	$1.4M	$2.6M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.270	−0.092%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	94.322	−0.037%	$71.7M	$42.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.340	−0.018%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USDlong	+0.0050%	1h	94.357	long leg	$47K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.380	+0.024%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.391	+0.036%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.420	+0.067%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.410	+0.056%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.370	+0.014%	$941	$3K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0103%	8h	94.401	+0.046%	$774	$740	5x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.375	+0.019%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0117%	8h	94.489	+0.140%	$2.5M	$3.1M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0146%	8h	94.380	+0.024%	$22.8M	$59.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0184%	1h	94.369	+0.012%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0185%	8h	94.377	+0.021%	$109.4M	$386.0M	50x	as long as short
Aster CRCLUSDTshort	+0.0190%	8h	94.418	+0.065%	$1.1M	$4.9M	20x
Nado CRCL-PERP	+0.0226%	1h	94.311	−0.049%	$132K	$76K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0280%	1h	94.360	+0.003%	$4K	$769K	10x	as long as short
Lighter CRCL	+0.0288%	1h	94.373	+0.017%	$3.0M	$2.2M	10x	as long as short
edgeX CRCLUSDC	+0.0294%	4h	94.484	+0.135%	$24K	$268K	10x	as long as short
Phoenix CRCL	+0.0296%	1h	94.424	+0.071%	$28K	$92K	10x	as long as short
BloFin CRCL-USDT	+0.0305%	8h	94.460	+0.109%	$1.1M	$561K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.890	+0.565%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.420	+0.067%	$96K	$271K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.368	+0.012%	$430K	$299K	10x	as long as short