Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.010%

Price spread now: Aftermath Perps against Aster−0.019%53s7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aftermath Perps

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 53 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	Aster CRCLUSDT	91.708	0.0165	pay 0.0165% / 8h	41m 39s	$1.0M	$5.0M	20x
Short	Aftermath Perps CRCLUSD	91.691	0.0040	get 0.0005% / 1h	41m 39s	$2K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$26.19
Price spread: −0.019% → 0.000%: −$1.94
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$45.13
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Aftermath Perps: 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 Aster live order book, 2 min ago	2.18 bp	11.1 bp −$11	113.5 bp −$1,135	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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	−0.0264%	8h	91.870	+0.176%	$17.6M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0079%	1h	91.550	−0.173%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.830	+0.133%	$7.8M	$27.3M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.780	+0.078%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0030%	8h	91.800	+0.100%	$14.8M	$26.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.795	+0.094%	$981K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSDshort	+0.0040%	1h	91.691	−0.019%	$2K	$28K	5x
Arcus CRCL-USD	+0.0040%	1h	91.740	+0.034%	$97K	$292K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.810	+0.111%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.710	+0.002%	$1.1M	$4.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.760	+0.056%	$1.3M	$1.8M	10x	as long as short
Variational Omni CRCL	+0.0078%	8h	91.737	+0.031%	$2.4M	$3.3M	—	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.400	−0.336%	$890K	$415K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.791	+0.090%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.740	+0.034%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.690	−0.020%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.810	+0.111%	$915	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.845	+0.149%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0142%	1h	91.765	+0.062%	$68.0M	$43.9M	10x	as long as short
Aster CRCLUSDTlong	+0.0165%	8h	91.708	long leg	$1.0M	$5.0M	20x
Extended CRCL_24_5-USD	+0.0176%	1h	91.756	+0.052%	$1.0M	$5.0M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0179%	8h	91.782	+0.080%	$422	$905	5x	as long as short
Binance CRCLUSDT	+0.0179%	8h	91.780	+0.078%	$105.4M	$389.5M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0193%	1h	91.816	+0.117%	$380K	$1.3M	10x	as long as short
Phoenix CRCL	+0.0227%	1h	91.776	+0.074%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0240%	8h	91.780	+0.078%	$69K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0259%	8h	91.790	+0.089%	$22.3M	$61.9M	50x	as long as short
BloFin CRCL-USDT	+0.0295%	8h	91.750	+0.045%	$1.1M	$1.7M	20x	as long as short
Lighter CRCL	+0.0304%	1h	91.805	+0.105%	$3.0M	$2.3M	10x	as long as short
edgeX CRCLUSDC	+0.0435%	4h	91.754	+0.050%	$52K	$274K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.150	+0.482%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0442%	1h	91.734	+0.028%	$134K	$109K	3x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.795	+0.094%	$412K	$271K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0949%	1h	91.860	+0.165%	$5K	$769K	10x	as long as short