Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.012%

Price spread now: Aftermath Perps against BloFin+0.012%49s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Aftermath Perps

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 49 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	BloFin CRCL-USDT	94.750	0.0346	pay 0.0346% / 8h	25m 57s	$1.1M	$599K	20x
Short	Aftermath Perps CRCLUSD	94.762	0.0054	get 0.0007% / 1h	25m 57s	$2K	$21K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BloFin. 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 BloFinbpFee Aftermath PerpsbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$61.31
Price spread: +0.012% → 0.000%: $1.22
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$81.09
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 1 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 BloFin live order book, 1 min ago	1.05 bp	8.1 bp −$8	12.0 bp −$120	44.6 bp −$4,457	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
Gate CRCL_USDT	0.0000%	8h	94.730	−0.021%	$7.2M	$27.7M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.750	0.000%	$1.0M	$51K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.730	−0.021%	$1.4M	$2.8M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.757	+0.007%	$895K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.253%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.710	−0.042%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.719	−0.033%	$367K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.727	−0.024%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.650	−0.106%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSDshort	+0.0054%	1h	94.762	+0.012%	$2K	$21K	5x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRCLUSDT	+0.0099%	8h	94.750	0.000%	$15.6M	$25.9M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	94.710	−0.042%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.730	−0.021%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.670	−0.084%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.750	0.000%	$945	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.755	+0.005%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0117%	8h	94.758	+0.008%	$777	$740	5x	as long as short
Variational Omni CRCL	+0.0174%	8h	94.744	−0.006%	$2.5M	$3.1M	—	as long as short
tradeXYZ xyz:CRCL	+0.0177%	1h	94.716	−0.036%	$71.1M	$42.9M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0196%	8h	94.730	−0.021%	$22.9M	$60.7M	50x	as long as short
GRVT CRCL_USDT_Perp	+0.0215%	8h	94.770	+0.021%	$61K	$1.1M	10x	as long as short
Binance CRCLUSDT	+0.0228%	8h	94.720	−0.032%	$109.8M	$390.0M	50x	as long as short
Extended CRCL_24_5-USD	+0.0232%	1h	94.703	−0.049%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0234%	8h	94.749	−0.002%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0275%	1h	94.632	−0.124%	$127K	$73K	3x	as long as short
Phoenix CRCL	+0.0288%	1h	94.656	−0.099%	$28K	$92K	10x	as long as short
Bitget CRCLUSDT	+0.0304%	8h	94.750	0.000%	$17.0M	$35.4M	25x	as long as short
BloFin CRCL-USDTlong	+0.0346%	8h	94.750	long leg	$1.1M	$599K	20x
Lighter CRCL	+0.0360%	1h	94.774	+0.025%	$3.1M	$2.2M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.855%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.750	0.000%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.760	+0.011%	$432K	$303K	10x	as long as short
edgeX CRCLUSDC	+0.0542%	4h	94.739	−0.011%	$24K	$269K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0701%	1h	94.770	+0.021%	$4K	$772K	10x	as long as short