Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0097%/8h= −10.7% APRpaid last 24h +0.003%

Price spread now: Aftermath Perps against Paradex+0.013%7-day average — · you sell dearer than you buy

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

Long on Paradex 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 airdropParadex: Active · 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: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CRCL-USD-PERP	91.130	0.0134	pay 0.0134% / 8h	7h 35m	$419	$766	5x
Short	Aftermath Perps CRCLUSD	91.142	0.0037	get 0.0005% / 1h	35m 27s	$2K	$29K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Paradex. 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 ParadexbpFee Aftermath PerpsbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$20.44
Price spread: +0.013% → 0.000%: $1.31
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$32.12
Costs to cover: 0.130%
Break-even: never at this rate

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

Paradex and 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	−0.0096%	1h	90.880	−0.274%	—	$31K	25x	as long as short
Bitget CRCLUSDT	−0.0085%	8h	91.230	+0.110%	$17.3M	$36.1M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.180	+0.055%	$14.9M	$26.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.220	+0.099%	$1.0M	$47K	10x	as long as short
Gate CRCL_USDT	+0.0008%	8h	91.220	+0.099%	$7.8M	$26.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.182	+0.057%	$981K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.190	+0.066%	$872K	$505K	10x	as long as short
Aftermath Perps CRCLUSDshort	+0.0037%	1h	91.142	+0.013%	$2K	$29K	5x
Arcus CRCL-USD	+0.0040%	1h	91.110	−0.022%	$95K	$284K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.094	−0.040%	$67.1M	$44.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	91.114	−0.018%	$376K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.170	+0.044%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.030	−0.110%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.130	0.000%	$1.3M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.159	+0.032%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.200	+0.077%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.120	−0.011%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.160	+0.033%	$909	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.200	+0.077%	$4	—	10x	as long as short
Paradex CRCL-USD-PERPlong	+0.0134%	8h	91.130	long leg	$419	$766	5x
Variational Omni CRCL	+0.0152%	8h	91.180	+0.055%	$2.4M	$3.3M	—	as long as short
GRVT CRCL_USDT_Perp	+0.0152%	8h	91.220	+0.099%	$62K	$1.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0189%	1h	91.160	+0.033%	$5K	$769K	10x	as long as short
Aster CRCLUSDT	+0.0215%	8h	91.162	+0.035%	$1.0M	$5.0M	20x	as long as short
Lighter CRCL	+0.0224%	1h	91.181	+0.056%	$2.9M	$2.1M	10x	as long as short
Binance CRCLUSDT	+0.0230%	8h	91.174	+0.048%	$104.8M	$386.8M	50x	as long as short
Extended CRCL_24_5-USD	+0.0232%	1h	91.146	+0.017%	$1.1M	$5.1M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	91.200	+0.077%	$27K	$66K	10x	as long as short
edgeX CRCLUSDC	+0.0262%	4h	91.189	+0.065%	$52K	$269K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0296%	8h	91.200	+0.077%	$22.3M	$61.4M	50x	as long as short
BloFin CRCL-USDT	+0.0351%	8h	91.200	+0.077%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0375%	1h	91.084	−0.051%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+1.141%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.168	+0.042%	$412K	$258K	10x	as long as short