Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h −0.003%

Price spread now: Paradex against Aftermath Perps−0.243%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.243% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.243% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 9.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CRCLUSD	90.822	0.0036	pay 0.0005% / 1h	25m 29s	$2K	$29K	5x
Short	Paradex CRCL-USD-PERP	90.601	0.0120	get 0.0120% / 8h	7h 25m	$417	$766	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.243%Rate

Funding earned: $17.63
Price spread: −0.243% → 0.000%: −$24.27
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$19.64
Costs to cover: 0.130%
Break-even: 14.8 days

Slippage unknown: Aftermath Perps: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Aftermath Perps and Paradex: 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	−0.0104%	1h	90.440	−0.420%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	90.710	−0.123%	$14.8M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	90.730	−0.101%	$7.7M	$26.5M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	90.730	−0.101%	$17.4M	$36.0M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	90.751	−0.078%	$71K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	90.590	−0.255%	$1.0M	$47K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	90.666	−0.171%	$975K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	90.560	−0.288%	$933K	$562K	10x	as long as short
Aftermath Perps CRCLUSDlong	+0.0036%	1h	90.822	long leg	$2K	$29K	5x
Arcus CRCL-USD	+0.0040%	1h	90.620	−0.222%	$94K	$278K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	90.591	−0.254%	$67.0M	$44.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	90.530	−0.321%	$374K	$1.0M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	90.580	−0.266%	$45K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	90.590	−0.255%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	90.580	−0.266%	$1.3M	$1.7M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0081%	1h	90.570	−0.277%	$5K	$762K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	90.620	−0.222%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	90.670	−0.167%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	90.690	−0.145%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	90.660	−0.178%	$904	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	90.611	−0.232%	$4	—	10x	as long as short
Paradex CRCL-USD-PERPshort	+0.0120%	8h	90.601	−0.243%	$417	$766	5x
Variational Omni CRCL	+0.0136%	8h	90.587	−0.258%	$2.4M	$3.3M	—	as long as short
Aster CRCLUSDT	+0.0199%	8h	90.695	−0.139%	$1.0M	$5.0M	20x	as long as short
Lighter CRCL	+0.0200%	1h	90.650	−0.189%	$2.9M	$2.1M	10x	as long as short
Binance CRCLUSDT	+0.0210%	8h	90.685	−0.150%	$104.0M	$386.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0216%	1h	90.645	−0.194%	$1.1M	$5.1M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	90.710	−0.123%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0278%	8h	90.700	−0.134%	$22.1M	$61.3M	50x	as long as short
BloFin CRCL-USDT	+0.0336%	8h	90.700	−0.134%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0359%	1h	90.631	−0.209%	$133K	$109K	3x	as long as short
edgeX CRCLUSDC	+0.0419%	4h	90.701	−0.133%	$52K	$269K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+1.485%	$108K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	90.685	−0.150%	$409K	$258K	10x	as long as short