CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0477%/8h= +52.2% APRnext payment +$0.60 per $10,000 · paid last 24h +0.032%

Price spread now: Arcus against Aftermath Perps+0.035%46s7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Arcus

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—needs both histories

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Arcus is 0.035% dearer against Aftermath Perps than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CRCLUSD	94.207	0.0044	pay 0.0005% / 1h	37m 42s	$2K	$22K	5x
Short	Arcus CRCL-USD	94.240	0.0521	get 0.0065% / 1h	37m 42s	$96K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aftermath Perps. 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 Aftermath PerpsbpFee ArcusbpOrdersPrice spread, now +0.035%Rate

Funding earned: $100.1
Price spread: +0.035% → 0.000%: $3.5
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $90.1
Costs to cover: 0.135%
Break-even: 0.7 days

Slippage unknown: Aftermath Perps: no order-book sample; Arcus: live order book, 36 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Arcus live order book, 36 min ago	2.12 bp	6.3 bp −$6	9.0 bp −$90	doesn't fit	doesn't fit

Aftermath Perps: 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	94.100	−0.114%	$941K	$619K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.280	+0.077%	$7.2M	$27.0M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.340	+0.141%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.260	+0.056%	$1.0M	$51K	10x	as long as short
Bybit CRCLUSDT	+0.0030%	8h	94.270	+0.067%	$15.5M	$25.8M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.267	+0.064%	$890K	$2.8M	10x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.210	+0.003%	$1.4M	$2.7M	10x	as long as short
Aftermath Perps CRCLUSDlong	+0.0044%	1h	94.207	long leg	$2K	$22K	5x
Vest CRCL-USD-PERP	+0.0046%	1h	94.100	−0.114%	—	$37K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.199	−0.009%	$71.6M	$42.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	94.202	−0.005%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.213	+0.006%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.170	−0.039%	$1.1M	$5.7M	10x	as long as short
Bitget CRCLUSDT	+0.0071%	8h	94.290	+0.088%	$17.0M	$34.9M	25x	as long as short
Pacifica CRCL	+0.0100%	1h	94.213	+0.007%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.340	+0.141%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.170	−0.039%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.230	+0.024%	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.224	+0.018%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0108%	8h	94.265	+0.062%	$773	$740	5x	as long as short
Variational Omni CRCL	+0.0149%	8h	94.220	+0.014%	$2.5M	$3.1M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0157%	8h	94.290	+0.088%	$22.8M	$60.1M	50x	as long as short
Binance CRCLUSDT	+0.0204%	8h	94.270	+0.067%	$109.2M	$387.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0208%	1h	94.249	+0.044%	$1.1M	$5.3M	10x	as long as short
Aster CRCLUSDT	+0.0211%	8h	94.272	+0.069%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0226%	1h	94.160	−0.050%	$131K	$76K	3x	as long as short
Phoenix CRCL	+0.0296%	1h	94.226	+0.020%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0296%	1h	94.280	+0.077%	$3.0M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0329%	8h	94.320	+0.120%	$1.1M	$560K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.730	+0.555%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0494%	1h	94.210	+0.003%	$4K	$772K	10x	as long as short
Arcus CRCL-USDshort	+0.0521%	1h	94.240	+0.035%	$96K	$276K	10x
RISEx CRCL/USDC	+0.0677%	1h	94.274	+0.071%	$430K	$299K	10x	as long as short
edgeX CRCLUSDC	+0.0785%	4h	94.248	+0.043%	$24K	$267K	10x	as long as short