Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.033%

Price spread now: Polymarket Perps against Aster−0.085%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 7 days−0.058%−$6 · spread now −0.085%, 7d avg −0.110%

Together, before fees−0.242%+ Points / potential airdropAster: Stage 5 · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.025% dearer against Aster than usual: you sell high and buy low (spread −0.085% now, against its 7-day average of −0.110%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.185% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRCLUSDT	94.239	0.0238	pay 0.0238% / 8h	7h 50m	$1.1M	$4.9M	20x
Short	Polymarket Perps CRCL-USD	94.159	0.0050	get 0.0006% / 1h	50m 18s	$365K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$39.45
Price spread: −0.085% → −0.110%: $2.46
Slippage, 4 orders: −$17.48
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$70.47
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Polymarket Perps: live order book, 3 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, 3 min ago	3.18 bp	10.9 bp −$11	186.7 bp −$1,867	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.02 bp	6.8 bp −$7	7.6 bp −$76	9.8 bp −$985	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
tradeXYZ xyz:CRCL	−0.0067%	1h	94.110	−0.137%	$71.6M	$42.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.200	−0.042%	$942K	$725K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.160	−0.084%	$15.5M	$25.9M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.260	+0.022%	$7.2M	$26.9M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.250	+0.011%	$1.0M	$52K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.229	−0.011%	$890K	$2.8M	10x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.200	−0.042%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.100	−0.148%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0048%	1h	94.315	+0.080%	$2K	$21K	5x	as long as short
Polymarket Perps CRCL-USDshort	+0.0050%	1h	94.159	−0.085%	$365K	$1.1M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0050%	1h	94.147	−0.098%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.290	+0.054%	$1.1M	$5.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.193	−0.049%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.270	+0.032%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.270	+0.032%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.200	−0.042%	$939	$3K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0104%	8h	94.348	+0.115%	$70K	$1.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.557	+0.337%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0112%	8h	94.212	−0.029%	$773	$740	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0157%	8h	94.160	−0.084%	$22.8M	$60.3M	50x	as long as short
Variational Omni CRCL	+0.0174%	8h	94.210	−0.031%	$2.5M	$3.1M	—	as long as short
Nado CRCL-PERP	+0.0217%	1h	94.150	−0.095%	$131K	$76K	3x	as long as short
Bitget CRCLUSDT	+0.0219%	8h	94.220	−0.021%	$16.9M	$35.1M	25x	as long as short
Extended CRCL_24_5-USD	+0.0232%	1h	94.190	−0.053%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0235%	8h	94.211	−0.031%	$109.1M	$389.5M	50x	as long as short
Aster CRCLUSDTlong	+0.0238%	8h	94.239	long leg	$1.1M	$4.9M	20x
Phoenix CRCL	+0.0296%	1h	94.366	+0.134%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0304%	1h	94.247	+0.008%	$3.0M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0358%	8h	94.240	+0.001%	$1.1M	$559K	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0388%	1h	94.170	−0.074%	$4K	$772K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.690	+0.478%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.290	+0.054%	$96K	$276K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.225	−0.015%	$430K	$303K	10x	as long as short
edgeX CRCLUSDC	+0.0861%	4h	94.390	+0.160%	$24K	$268K	10x	as long as short