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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.4763%/8h= −521.5% APRnext payment $5.95 per $10,000 · paid last 24h +0.010%
Price spread now: Aftermath Perps against SoDEX−0.311%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$143 a day on $10k at the current rate, and Aftermath Perps is 0.311% cheaper against SoDEX than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX CRCL-USD95.1210.4796pay 0.0599% / 1h53m 32s$48K$3K10x
ShortAftermath Perps CRCLUSD94.8250.0033get 0.0004% / 1h53m 32s$2K$29K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SoDEX. 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
−$1,000.13
Price spread: −0.311% → 0.000%
−$31.13
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$1,048.26
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Aftermath Perps no order-book sample
SoDEX 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International CRCL-PERP-INTX−0.0024%1h95.200+0.083%$868K$802K10xas long as short
Bybit CRCLUSDT0.0000%8h95.020−0.106%$15.5M$28.5M50xas long as short
RISEx CRCL/USDC0.0000%1h95.015−0.111%$422K$228K10xas long as short
Bitget CRCLUSDT0.0000%8h95.010−0.117%$19.1M$38.6M25xas long as short
Phemex CRCLUSDT0.0000%4h95.250+0.136%$1.1M$47K10xas long as short
QFEX CRCL-USD+0.0014%1h94.940−0.190%$1.3M$1.7M10xas long as short
Gate CRCL_USDT+0.0027%8h95.070−0.054%$7.8M$26.1M50xas long as short
Lighter RH CRCL+0.0032%1h94.994−0.134%$1.0M$2.6M10xas long as short
Aftermath Perps CRCLUSDshort+0.0033%1h94.825−0.311%$2K$29K5x
Injective CRCL/USDC PERP+0.0033%1h95.630+0.535%$39K$172K30xas long as short
Show all 34 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest CRCL-USD-PERP+0.0040%1h95.470+0.367%$30K25xas long as short
tradeXYZ xyz:CRCL+0.0050%1h94.904−0.228%$69.0M$44.1M10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h95.550+0.451%$1.0M$4.3M10xas long as short
Arcus CRCL-USD+0.0057%1h94.970−0.159%$95K$232K10xas long as short
Paradex CRCL-USD-PERP+0.0099%8h94.891−0.242%$436$4775xas long as short
Pacifica CRCL+0.0100%1h94.956−0.173%$141K$149K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h95.110−0.012%$2.5M$1.7M20xas long as short
ApeX Omni CRCLUSDT+0.0100%1h95.830+0.745%$99K$26K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h95.350+0.241%$751$2K10xas long as short
Aevo CRCL-PERP+0.0104%1h95.264+0.150%$410xas long as short
Variational Omni CRCL+0.0169%8h95.760+0.671%$2.7M$3.3Mas long as short
Phoenix CRCL+0.0197%1h94.470−0.684%$28K$94K10xas long as short
OKX CRCL-USDT-SWAP+0.0219%8h95.020−0.106%$23.5M$66.0M50xas long as short
Extended CRCL_24_5-USD+0.0264%1h95.018−0.109%$1.1M$4.0M10xas long as short
Binance CRCLUSDT+0.0264%8h95.010−0.117%$110.0M$389.1M50xas long as short
Aster CRCLUSDT+0.0282%8h95.140+0.020%$1.2M$4.7M20xas long as short
edgeX CRCLUSDC+0.0287%4h95.658+0.565%$55K$278K10xas long as short
GRVT CRCL_USDT_Perp+0.0328%8h96.099+1.028%$62K$1.0M10xas long as short
Nado CRCL-PERP+0.0328%1h95.209+0.092%$153K$91K3xas long as short
BloFin CRCL-USDT+0.0386%8h95.660+0.567%$1.1M$1.8M20xas long as short
Polymarket Perps CRCL-USD+0.0412%1h95.284+0.171%$305K$1.0M10xas long as short
Lighter CRCL+0.0528%1h95.032−0.094%$3.3M$2.4M10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0591%1h95.240+0.125%$5K$415K10xas long as short
SoDEX CRCL-USDlong+0.4796%1h95.121long leg$48K$3K10x