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
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 −$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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX CRCL-USD | 95.121 | 0.4796 | pay 0.0599% / 1h | 53m 32s | $48K | $3K | 10x |
| Short | Aftermath Perps CRCLUSD | 94.825 | 0.0033 | get 0.0004% / 1h | 53m 32s | $2K | $29K | 5x |
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 itlatest
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| Leg | Half-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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0024% | 1h | 95.200 | +0.083% | $868K | $802K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 95.020 | −0.106% | $15.5M | $28.5M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 95.015 | −0.111% | $422K | $228K | 10x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 95.010 | −0.117% | $19.1M | $38.6M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 95.250 | +0.136% | $1.1M | $47K | 10x | as long as short |
| QFEX CRCL-USD | +0.0014% | 1h | 94.940 | −0.190% | $1.3M | $1.7M | 10x | as long as short |
| Gate CRCL_USDT | +0.0027% | 8h | 95.070 | −0.054% | $7.8M | $26.1M | 50x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 94.994 | −0.134% | $1.0M | $2.6M | 10x | as long as short |
| Aftermath Perps CRCLUSDshort | +0.0033% | 1h | 94.825 | −0.311% | $2K | $29K | 5x | |
| Injective CRCL/USDC PERP | +0.0033% | 1h | 95.630 | +0.535% | $39K | $172K | 30x | as long as short |
Show all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | +0.0040% | 1h | 95.470 | +0.367% | — | $30K | 25x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 94.904 | −0.228% | $69.0M | $44.1M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 95.550 | +0.451% | $1.0M | $4.3M | 10x | as long as short |
| Arcus CRCL-USD | +0.0057% | 1h | 94.970 | −0.159% | $95K | $232K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0099% | 8h | 94.891 | −0.242% | $436 | $477 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 94.956 | −0.173% | $141K | $149K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 95.110 | −0.012% | $2.5M | $1.7M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 95.830 | +0.745% | $99K | $26K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 95.350 | +0.241% | $751 | $2K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 95.264 | +0.150% | $4 | — | 10x | as long as short |
| Variational Omni CRCL | +0.0169% | 8h | 95.760 | +0.671% | $2.7M | $3.3M | — | as long as short |
| Phoenix CRCL | +0.0197% | 1h | 94.470 | −0.684% | $28K | $94K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0219% | 8h | 95.020 | −0.106% | $23.5M | $66.0M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0264% | 1h | 95.018 | −0.109% | $1.1M | $4.0M | 10x | as long as short |
| Binance CRCLUSDT | +0.0264% | 8h | 95.010 | −0.117% | $110.0M | $389.1M | 50x | as long as short |
| Aster CRCLUSDT | +0.0282% | 8h | 95.140 | +0.020% | $1.2M | $4.7M | 20x | as long as short |
| edgeX CRCLUSDC | +0.0287% | 4h | 95.658 | +0.565% | $55K | $278K | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0328% | 8h | 96.099 | +1.028% | $62K | $1.0M | 10x | as long as short |
| Nado CRCL-PERP | +0.0328% | 1h | 95.209 | +0.092% | $153K | $91K | 3x | as long as short |
| BloFin CRCL-USDT | +0.0386% | 8h | 95.660 | +0.567% | $1.1M | $1.8M | 20x | as long as short |
| Polymarket Perps CRCL-USD | +0.0412% | 1h | 95.284 | +0.171% | $305K | $1.0M | 10x | as long as short |
| Lighter CRCL | +0.0528% | 1h | 95.032 | −0.094% | $3.3M | $2.4M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0591% | 1h | 95.240 | +0.125% | $5K | $415K | 10x | as long as short |
| SoDEX CRCL-USDlong | +0.4796% | 1h | 95.121 | long leg | $48K | $3K | 10x |
SoDEX CRCL-USD
Aftermath Perps CRCLUSD
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
RISEx CRCL/USDC
Bitget CRCLUSDT
Phemex CRCLUSDT
Gate CRCL_USDT
Lighter RH CRCL
Injective CRCL/USDC PERP
tradeXYZ xyz:CRCL
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Variational Omni CRCL
Phoenix CRCL
OKX CRCL-USDT-SWAP
Extended CRCL_24_5-USD
Binance CRCLUSDT
Aster CRCLUSDT
edgeX CRCLUSDC
GRVT CRCL_USDT_Perp
BloFin CRCL-USDT
Polymarket Perps CRCL-USD
Lighter CRCL
Deribit CRCL_USDC-PERPETUAL