Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h −0.004%

Price spread now: Extended against Aster−0.040%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days+0.073%+$7 · spread now −0.040%, 7d avg −0.043%

Together, before fees+0.101%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: $0 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	91.594	0.0088	pay 0.0088% / 8h	1h 25m	$1.0M	$5.1M	20x
Short	Extended CRCL_24_5-USD	91.557	0.0104	get 0.0013% / 1h	25m 03s	$1.0M	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.040%Rate

Funding earned: $3.35
Price spread: −0.040% → −0.043%: $0.3
Slippage, 4 orders: −$13.64
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$22.99
Costs to cover: 0.266%
Break-even: 55.0 days

Slippage from Aster: live order book, 4 min ago; Extended: 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	2.19 bp	7.0 bp −$7	39.1 bp −$391	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.99 bp	5.7 bp −$6	20.7 bp −$207	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	−0.0675%	8h	91.640	+0.050%	$17.5M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0088%	1h	91.370	−0.245%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.560	−0.037%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.640	+0.050%	$7.8M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.660	+0.072%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0003%	8h	91.579	−0.017%	$2.4M	$3.2M	—	as long as short
Lighter RH CRCL	+0.0032%	1h	91.637	+0.047%	$978K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.400	−0.213%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.470	−0.136%	$95K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.613	+0.020%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.410	−0.201%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.490	−0.114%	$891K	$605K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.620	+0.028%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0072%	1h	91.555	−0.043%	$67.7M	$44.4M	10x	as long as short
Aster CRCLUSDTlong	+0.0088%	8h	91.594	long leg	$1.0M	$5.1M	20x
Pacifica CRCL	+0.0100%	1h	91.590	−0.005%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.530	−0.070%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.430	−0.179%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.630	+0.039%	$914	$2K	10x	as long as short
Binance CRCLUSDT	+0.0103%	8h	91.570	−0.027%	$104.6M	$397.5M	50x	as long as short
Extended CRCL_24_5-USDshort	+0.0104%	1h	91.557	−0.040%	$1.0M	$5.0M	10x
Aevo CRCL-PERP	+0.0104%	1h	91.636	+0.046%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0127%	1h	91.657	+0.068%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0154%	8h	91.630	+0.039%	$421	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0185%	8h	91.500	−0.103%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0200%	8h	91.580	−0.016%	$22.3M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0223%	8h	91.610	+0.017%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.318	−0.302%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.562	−0.035%	$417K	$268K	10x	as long as short
Lighter CRCL	+0.0272%	1h	91.630	+0.039%	$2.9M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0376%	4h	91.464	−0.143%	$52K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0398%	1h	91.572	−0.024%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0405%	1h	91.670	+0.083%	$5K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.100	+0.552%	$5K	$19K	30x	as long as short