Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.013%

Price spread now: Binance against Aftermath Perps+0.138%7-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 Binance

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 +$2 a day on $10k at the current rate, and Binance is 0.138% dearer against Aftermath Perps than usual: you sell high and buy low: +$14 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	Aftermath Perps CRCLUSD	91.256	0.0040	pay 0.0005% / 1h	33m 09s	$2K	$27K	5x
Short	Binance CRCLUSDT	91.382	0.0097	get 0.0097% / 8h	1h 33m	$104.5M	$397.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.138%Rate

Funding earned: $12.09
Price spread: +0.138% → 0.000%: $13.83
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $6.93
Costs to cover: 0.190%
Break-even: 3.0 days

Slippage unknown: Aftermath Perps: no order-book sample; Binance: live order book, 11 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 Binance live order book, 11 min ago	0.55 bp	6.4 bp −$6	10.7 bp −$107	30.1 bp −$3,009	122.2 bp −$61.1K

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
Bitget CRCLUSDT	−0.0727%	8h	91.430	+0.191%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0087%	1h	91.010	−0.269%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.370	+0.125%	$14.6M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.390	+0.147%	$7.8M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.259	+0.004%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.370	+0.125%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.379	+0.135%	$977K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSDlong	+0.0040%	1h	91.256	long leg	$2K	$27K	5x
Arcus CRCL-USD	+0.0040%	1h	91.230	−0.028%	$94K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.290	+0.038%	$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	91.120	−0.149%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.061%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.300	+0.048%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0077%	1h	91.286	+0.033%	$67.5M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0084%	8h	91.400	+0.158%	$1.0M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.328	+0.079%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDTshort	+0.0097%	8h	91.382	+0.138%	$104.5M	$397.5M	50x
Pacifica CRCL	+0.0100%	1h	91.281	+0.028%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.300	+0.048%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.190	−0.072%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.340	+0.092%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.344	+0.096%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0131%	1h	91.316	+0.066%	$382K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0160%	8h	91.299	+0.047%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0189%	8h	91.330	+0.081%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0196%	8h	91.420	+0.180%	$22.2M	$62.7M	50x	as long as short
BloFin CRCL-USDT	+0.0217%	8h	91.350	+0.103%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.232	−0.026%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.347	+0.100%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0296%	1h	91.420	+0.180%	$2.9M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0407%	1h	91.340	+0.092%	$5K	$769K	10x	as long as short
Nado CRCL-PERP	+0.0412%	1h	91.202	−0.059%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.700	+0.487%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0904%	4h	91.319	+0.069%	$52K	$277K	10x	as long as short