Settings8H · net · $10k
Funding arb · Price arb /

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h −0.011%
Price spread now: tradeXYZ against Aftermath Perps+0.057%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.057% dearer against Aftermath Perps than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps CRCLUSD91.9080.0024pay 0.0003% / 1h14m 37s$2K$23K5x
ShorttradeXYZ xyz:CRCL91.9600.0050get 0.0006% / 1h14m 37s$69.1M$42.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$5.53
Price spread: +0.057% → 0.000%
$5.69
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$15.78
Costs to cover
0.270%
Break-even
27.0 days
Slippage unknown: Aftermath Perps: no order-book sample; tradeXYZ: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell tradeXYZ live order book, 5 min ago1.04 bp10.8 bp −$11doesn't fitdoesn't fitdoesn't fit
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 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CRCLUSDT−0.0847%8h92.060+0.166%$16.1M$35.6M25xas long as short
Vest CRCL-USD-PERP−0.0042%1h91.800−0.117%$40K25xas long as short
Gate CRCL_USDT−0.0025%8h92.030+0.133%$7.1M$26.8M50xas long as short
Coinbase International CRCL-PERP-INTX−0.0008%1h91.700−0.226%$913K$580K10xas long as short
Bybit CRCLUSDT0.0000%8h92.020+0.122%$15.0M$25.9M50xas long as short
RISEx CRCL/USDC0.0000%1h92.001+0.102%$420K$299K10xas long as short
Variational Omni CRCL0.0000%8h91.928+0.022%$2.4M$3.2Mas long as short
GRVT CRCL_USDT_Perp0.0000%8h91.730−0.193%$69K$1.1M10xas long as short
Phemex CRCLUSDT0.0000%4h92.010+0.111%$1.0M$49K10xas long as short
Aftermath Perps CRCLUSDlong+0.0024%1h91.908long leg$2K$23K5x
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH CRCL+0.0032%1h92.050+0.155%$975K$2.9M10xas long as short
Arcus CRCL-USD+0.0040%1h91.920+0.013%$93K$273K10xas long as short
Extended CRCL_24_5-USD+0.0048%1h91.980+0.079%$1.1M$5.7M10xas long as short
Binance CRCLUSDT+0.0049%8h92.005+0.105%$104.9M$394.3M50xas long as short
tradeXYZ xyz:CRCLshort+0.0050%1h91.960+0.057%$69.1M$42.1M10x
Polymarket Perps CRCL-USD+0.0050%1h91.952+0.048%$356K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h91.995+0.095%$46K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h91.970+0.068%$999K$5.5M10xas long as short
OKX CRCL-USDT-SWAP+0.0056%8h92.020+0.122%$21.8M$60.4M50xas long as short
QFEX CRCL-USD+0.0057%1h91.980+0.079%$1.3M$2.3M10xas long as short
Aster CRCLUSDT+0.0059%8h92.031+0.135%$1.1M$4.9M20xas long as short
Paradex CRCL-USD-PERP+0.0072%8h92.016+0.118%$755$7405xas long as short
Pacifica CRCL+0.0100%1h92.006+0.107%$133K$158K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h92.010+0.111%$2.9M$1.9M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h91.720−0.204%$67K$4K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h92.000+0.100%$917$3K10xas long as short
Aevo CRCL-PERP+0.0104%1h92.014+0.115%$410xas long as short
Nado CRCL-PERP+0.0153%1h91.972+0.070%$131K$104K3xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0185%1h92.040+0.144%$4K$769K10xas long as short
Lighter CRCL+0.0200%1h92.041+0.145%$3.0M$2.4M10xas long as short
Phoenix CRCL+0.0231%1h91.952+0.048%$27K$92K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.500+0.644%$5K$19K30xas long as short
edgeX CRCLUSDC+0.0678%4h91.707−0.219%$23K$268K10xas long as short