Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.025%

Price spread now: Aftermath Perps against Binance−0.860%7-day average — · you buy dearer than you sell

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

Long on Binance 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—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aftermath Perps is 0.860% cheaper against Binance than usual: you would sell low and buy high (−$86 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	Binance CRCLUSDT	92.534	0.0268	pay 0.0268% / 8h	7h 17m	$106.5M	$384.4M	50x
Short	Aftermath Perps CRCLUSD	91.738	0.0035	get 0.0004% / 1h	17m 26s	$2K	$29K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Binance. 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 BinancebpFee Aftermath PerpsbpOrdersPrice spread, now −0.860%Rate

Funding earned: −$48.86
Price spread: −0.860% → 0.000%: −$86.03
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$153.89
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 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 Binance live order book, 11 min ago	0.55 bp	6.5 bp −$6	10.7 bp −$107	38.8 bp −$3,878	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
Vest CRCL-USD-PERP	−0.0100%	1h	92.190	−0.372%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.570	+0.039%	$17.9M	$35.9M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.280	−0.275%	$1.0M	$46K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.530	−0.004%	$998K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	92.290	−0.264%	$944K	$574K	10x	as long as short
Aftermath Perps CRCLUSDshort	+0.0035%	1h	91.738	−0.860%	$2K	$29K	5x
Arcus CRCL-USD	+0.0040%	1h	92.500	−0.037%	$97K	$276K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.440	−0.102%	$67.9M	$43.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.380	−0.167%	$382K	$998K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.420	−0.123%	$1.1M	$4.6M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0065%	1h	92.540	+0.006%	$1.4M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.519	−0.016%	$136K	$143K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.370	−0.177%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.010	−0.566%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.520	−0.015%	$922	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.334	−0.216%	$4	—	10x	as long as short
Gate CRCL_USDT	+0.0146%	8h	92.450	−0.091%	$7.8M	$26.8M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0151%	8h	92.538	+0.005%	$426	$766	5x	as long as short
Bybit CRCLUSDT	+0.0163%	8h	92.510	−0.026%	$15.2M	$26.6M	50x	as long as short
Variational Omni CRCL	+0.0176%	8h	92.182	−0.381%	$2.4M	$3.3M	—	as long as short
Lighter CRCL	+0.0208%	1h	92.520	−0.015%	$3.0M	$2.1M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	91.817	−0.775%	$27K	$66K	10x	as long as short
Aster CRCLUSDT	+0.0260%	8h	92.504	−0.033%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0264%	1h	92.547	+0.013%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDTlong	+0.0268%	8h	92.534	long leg	$106.5M	$384.4M	50x
OKX CRCL-USDT-SWAP	+0.0299%	8h	92.580	+0.050%	$22.6M	$60.9M	50x	as long as short
Nado CRCL-PERP	+0.0355%	1h	92.323	−0.228%	$135K	$109K	3x	as long as short
BloFin CRCL-USDT	+0.0372%	8h	92.160	−0.404%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.000	−0.577%	$39K	$172K	30x	as long as short
GRVT CRCL_USDT_Perp	+0.0489%	8h	92.132	−0.434%	$72K	$1.1M	10x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	92.570	+0.039%	$418K	$255K	10x	as long as short
SoDEX CRCL-USD	+0.0617%	1h	92.289	−0.265%	$46K	$3K	10x	as long as short
edgeX CRCLUSDC	+0.0642%	4h	92.077	−0.494%	$52K	$270K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0726%	1h	92.330	−0.221%	$5K	$747K	10x	as long as short