Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0406%/8h= +44.4% APRpaid last 24h +0.061%

Price spread now: BloFin against Aftermath Perps+0.060%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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 +$12 a day on $10k at the current rate, and BloFin is 0.060% dearer against Aftermath Perps than usual: you sell high and buy low: +$6 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	92.585	0.0038	pay 0.0005% / 1h	59m 06s	$2K	$29K	5x
Short	BloFin CRCL-USDT	92.640	0.0444	get 0.0444% / 8h	6h 59m	$1.1M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.060%Rate

Funding earned: $85.2
Price spread: +0.060% → 0.000%: $5.98
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: $70.17
Costs to cover: 0.210%
Break-even: 1.2 days

Slippage unknown: Aftermath Perps: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	1.62 bp	8.4 bp −$8	10.8 bp −$108	33.9 bp −$3,389	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
Vest CRCL-USD-PERP	−0.0069%	1h	92.420	−0.178%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.620	+0.038%	$18.0M	$35.2M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.620	+0.038%	$1.0M	$46K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.580	−0.005%	$891K	$678K	10x	as long as short
Aftermath Perps CRCLUSDlong	+0.0038%	1h	92.585	long leg	$2K	$29K	5x
SoDEX CRCL-USD	+0.0050%	1h	92.545	−0.043%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.510	−0.081%	$1.1M	$4.3M	10x	as long as short
Lighter RH CRCL	+0.0056%	1h	92.611	+0.028%	$996K	$2.3M	10x	as long as short
Gate CRCL_USDT	+0.0058%	8h	92.650	+0.071%	$7.3M	$25.3M	50x	as long as short
QFEX CRCL-USD	+0.0065%	1h	92.580	−0.005%	$1.4M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	92.550	−0.037%	$136K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.610	+0.027%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.510	−0.081%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.540	−0.048%	$923	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.539	−0.049%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0148%	1h	92.583	−0.002%	$380K	$963K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0167%	8h	92.587	+0.003%	$426	$766	5x	as long as short
Bybit CRCLUSDT	+0.0182%	8h	92.580	−0.005%	$15.1M	$26.1M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	92.779	+0.210%	$27K	$64K	10x	as long as short
Variational Omni CRCL	+0.0257%	8h	92.578	−0.007%	$2.4M	$3.2M	—	as long as short
tradeXYZ xyz:CRCL	+0.0280%	1h	92.512	−0.078%	$67.8M	$42.8M	10x	as long as short
Nado CRCL-PERP	+0.0293%	1h	92.465	−0.129%	$149K	$111K	3x	as long as short
Lighter CRCL	+0.0296%	1h	92.604	+0.021%	$3.0M	$2.0M	10x	as long as short
Aster CRCLUSDT	+0.0310%	8h	92.629	+0.048%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0312%	8h	92.670	+0.092%	$22.6M	$59.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0320%	1h	92.512	−0.078%	$1.1M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0324%	8h	92.580	−0.005%	$106.7M	$377.6M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.620	+0.038%	$96K	$269K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.200	+0.665%	$39K	$172K	30x	as long as short
BloFin CRCL-USDTshort	+0.0444%	8h	92.640	+0.060%	$1.1M	$1.7M	20x
RISEx CRCL/USDC	+0.0479%	1h	92.565	−0.021%	$414K	$255K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0507%	1h	92.490	−0.102%	$5K	$617K	10x	as long as short
edgeX CRCLUSDC	+0.0674%	4h	92.700	+0.125%	$53K	$270K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0688%	8h	92.732	+0.159%	$62K	$1.1M	10x	as long as short