Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0081%/8h= −8.9% APRpaid last 24h +0.055%

Price spread now: RISEx against Aster−0.008%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$290.286% of the position

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.246%+$25 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.008%, 7d avg +0.012%

Together, before fees+0.170%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and RISEx is 0.020% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.012%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.246%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRCLUSDT	92.078	0.0081	pay 0.0081% / 8h	6h 35m	$1.1M	$4.9M	20x
Short	RISEx CRCL/USDC	92.070	0	get 0.0000% / 1h	35m 12s	$421K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$17.08
Price spread: −0.008% → +0.012%: −$2.01
Slippage, 4 orders: −$14.58
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$47.67
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; RISEx: live order book, 33 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	3.26 bp	8.9 bp −$9	211.7 bp −$2,117	doesn't fit	doesn't fit
Sell RISEx live order book, 33 min ago	2.65 bp	5.7 bp −$6	6.8 bp −$68	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	−0.0393%	8h	92.160	+0.089%	$16.0M	$35.3M	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.990	−0.095%	$916K	$586K	10x	as long as short
Vest CRCL-USD-PERP	0.0000%	1h	91.830	−0.269%	—	$37K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.110	+0.035%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDCshort	0.0000%	1h	92.070	−0.008%	$421K	$299K	10x
Gate CRCL_USDT	0.0000%	8h	92.130	+0.057%	$7.2M	$26.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.051	−0.029%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.790	−0.313%	$61K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.000	−0.085%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0026%	1h	92.008	−0.076%	$2K	$23K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.131	+0.058%	$980K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.950	−0.139%	$93K	$272K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.064	−0.015%	$69.4M	$41.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.032	−0.050%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.082	+0.005%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.850	−0.247%	$1.0M	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.080	+0.002%	$1.3M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0076%	1h	92.100	+0.024%	$4K	$769K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0077%	8h	92.130	+0.057%	$21.7M	$60.3M	50x	as long as short
Binance CRCLUSDT	+0.0078%	8h	92.093	+0.017%	$105.1M	$392.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	92.066	−0.012%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDTlong	+0.0081%	8h	92.078	long leg	$1.1M	$4.9M	20x
Paradex CRCL-USD-PERP	+0.0083%	8h	92.108	+0.033%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.094	+0.018%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.090	+0.013%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.890	−0.204%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.050	−0.030%	$918	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.094	+0.018%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0172%	1h	92.023	−0.059%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0208%	1h	92.153	+0.082%	$3.0M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	+0.274%	$1.1M	$1.1M	20x	as long as short
Phoenix CRCL	+0.0231%	1h	91.730	−0.378%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.370	+0.317%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0565%	4h	91.735	−0.372%	$23K	$267K	10x	as long as short