CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0701%/8h= −76.7% APRnext payment −$0.88 per $10,000 · paid last 24h −0.069%

Price spread now: Aftermath Perps against Deribit−0.108%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Aftermath Perps is 0.108% cheaper against Deribit than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CRCL_USDC-PERPETUAL	91.300	0.0737	pay 0.0092% / 1h	13m 19s	$4K	$768K	10x
Short	Aftermath Perps CRCLUSD	91.201	0.0036	get 0.0004% / 1h	13m 19s	$2K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Deribit. 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 DeribitbpFee Aftermath PerpsbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$147.19
Price spread: −0.108% → 0.000%: −$10.84
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$174.03
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 36 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 Deribit live order book, 36 min ago	5.45 bp	9.0 bp −$9	13.6 bp −$136	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	−0.0986%	8h	91.380	+0.088%	$17.0M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0079%	1h	91.000	−0.329%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.310	+0.011%	$14.6M	$26.9M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.350	+0.055%	$7.6M	$27.6M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.280	−0.022%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.340	+0.044%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0027%	8h	91.304	+0.004%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.314	+0.015%	$973K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSDshort	+0.0036%	1h	91.201	−0.108%	$2K	$27K	5x
Extended CRCL_24_5-USD	+0.0040%	1h	91.275	−0.027%	$1.0M	$5.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.240	−0.066%	$93K	$289K	10x	as long as short
Binance CRCLUSDT	+0.0042%	8h	91.319	+0.021%	$103.8M	$396.7M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.236	−0.070%	$68.2M	$43.5M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.293	−0.008%	$382K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.272	−0.031%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.220	−0.088%	$1.1M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.350	+0.055%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.190	−0.120%	$888K	$603K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.320	+0.022%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.250	−0.055%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.210	−0.099%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.290	−0.011%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.286	−0.016%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.340	+0.044%	$416K	$286K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0120%	8h	91.322	+0.024%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0125%	8h	91.320	+0.022%	$65K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0137%	8h	91.350	+0.055%	$22.1M	$62.4M	50x	as long as short
BloFin CRCL-USDT	+0.0162%	8h	91.310	+0.011%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.287	−0.014%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0240%	1h	91.316	+0.018%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0321%	1h	91.215	−0.094%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.760	+0.504%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUALlong	+0.0737%	1h	91.300	long leg	$4K	$768K	10x
edgeX CRCLUSDC	+0.0795%	4h	91.300	0.000%	$52K	$278K	10x	as long as short