Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.005%

Price spread now: Aftermath Perps against KuCoin+0.017%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRCLUSDTM	91.850	0.0100	pay 0.0100% / 8h	3h 04m	$2.7M	$1.9M	20x
Short	Aftermath Perps CRCLUSD	91.866	0.0039	get 0.0005% / 1h	4m 13s	$2K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against KuCoin. 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 KuCoinbpFee Aftermath PerpsbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$12.82
Price spread: +0.017% → 0.000%: $1.71
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$32.11
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago	0.54 bp	53.2 bp −$53	doesn't fit	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	−0.0671%	8h	91.930	+0.087%	$16.6M	$35.8M	25x	as long as short
Vest CRCL-USD-PERP	−0.0062%	1h	91.620	−0.250%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.840	−0.011%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.960	+0.120%	$7.4M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.949	+0.108%	$2.5M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.890	+0.044%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0015%	8h	91.841	−0.009%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.832	−0.020%	$1.2M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0025%	8h	91.846	−0.004%	$104.6M	$392.8M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.848	−0.002%	$973K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSDshort	+0.0039%	1h	91.866	+0.017%	$2K	$26K	5x
Arcus CRCL-USD	+0.0040%	1h	91.850	0.000%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	−0.087%	$914K	$522K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.771	−0.086%	$68.1M	$42.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.828	−0.024%	$386K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.828	−0.024%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.890	+0.044%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.880	+0.033%	$1.3M	$1.8M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0078%	8h	91.825	−0.027%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0085%	8h	91.859	+0.009%	$70K	$1.1M	10x	as long as short
BloFin CRCL-USDT	+0.0096%	8h	91.920	+0.076%	$1.1M	$1.6M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	91.863	+0.014%	$136K	$160K	10x	as long as short
KuCoin CRCLUSDTMlong	+0.0100%	8h	91.850	long leg	$2.7M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.800	−0.054%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.830	−0.022%	$916	$2K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0100%	8h	91.880	+0.033%	$22.4M	$61.9M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.844	−0.006%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.916	+0.072%	$419K	$299K	10x	as long as short
Phoenix CRCL	+0.0182%	1h	91.893	+0.047%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0256%	1h	91.845	−0.005%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0349%	1h	91.734	−0.126%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.555%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0757%	4h	91.849	−0.001%	$51K	$276K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0840%	1h	91.840	−0.011%	$4K	$768K	10x	as long as short