Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0071%/8h= +7.7% APRpaid last 24h −0.003%

Price spread now: Paradex against Aftermath Perps+0.161%7-day average — · you sell dearer than you buy

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.161% dearer against Aftermath Perps than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CRCLUSD	92.421	0.0040	pay 0.0005% / 1h	15m 14s	$2K	$29K	5x
Short	Paradex CRCL-USD-PERP	92.570	0.0111	get 0.0111% / 8h	6h 15m	$426	$477	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 +0.161%Rate

Funding earned: $14.82
Price spread: +0.161% → 0.000%: $16.14
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: $17.96
Costs to cover: 0.130%
Break-even: from the start

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 exchanges

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	−0.0021%	1h	92.470	+0.053%	—	$30K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.570	+0.161%	$15.0M	$25.2M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.620	+0.215%	$18.1M	$34.0M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.530	+0.118%	$1.0M	$45K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.390	−0.034%	$856K	$699K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.575	+0.167%	$1.0M	$2.5M	10x	as long as short
Aftermath Perps CRCLUSDlong	+0.0040%	1h	92.421	long leg	$2K	$29K	5x
tradeXYZ xyz:CRCL	+0.0050%	1h	92.505	+0.091%	$67.7M	$40.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.584	+0.176%	$380K	$850K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.546	+0.135%	$46K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.400	−0.023%	$1.1M	$3.9M	10x	as long as short
Gate CRCL_USDT	+0.0061%	8h	92.640	+0.237%	$7.4M	$25.9M	50x	as long as short
QFEX CRCL-USD	+0.0080%	1h	92.580	+0.172%	$1.3M	$1.6M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.540	+0.129%	$139K	$141K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.500	+0.085%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.330	−0.099%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.580	+0.172%	$923	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.575	+0.167%	$4	—	10x	as long as short
Paradex CRCL-USD-PERPshort	+0.0111%	8h	92.570	+0.161%	$426	$477	5x
Phoenix CRCL	+0.0199%	1h	92.370	−0.055%	$27K	$66K	10x	as long as short
Lighter CRCL	+0.0248%	1h	92.615	+0.210%	$3.0M	$2.1M	10x	as long as short
Variational Omni CRCL	+0.0281%	8h	92.555	+0.145%	$2.5M	$3.3M	—	as long as short
Nado CRCL-PERP	+0.0314%	1h	92.498	+0.083%	$151K	$112K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0328%	8h	92.570	+0.161%	$22.8M	$57.4M	50x	as long as short
Aster CRCLUSDT	+0.0355%	8h	92.560	+0.150%	$1.1M	$4.5M	20x	as long as short
Binance CRCLUSDT	+0.0360%	8h	92.570	+0.161%	$107.0M	$360.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0360%	1h	92.541	+0.130%	$1.1M	$4.2M	10x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.580	+0.172%	$96K	$226K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0399%	1h	92.550	+0.140%	$5K	$477K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	−0.358%	$38K	$172K	30x	as long as short
RISEx CRCL/USDC	+0.0479%	1h	92.615	+0.210%	$411K	$242K	10x	as long as short
BloFin CRCL-USDT	+0.0480%	8h	92.600	+0.194%	$1.1M	$1.7M	20x	as long as short
edgeX CRCLUSDC	+0.0638%	4h	92.445	+0.026%	$53K	$270K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0722%	8h	92.474	+0.057%	$70K	$1.0M	10x	as long as short