CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0475%/8h= +52.0% APRnext payment +$0.59 per $10,000 · paid last 24h +0.074%

Price spread now: Deribit against Aftermath Perps+0.048%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Deribit

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

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Deribit is 0.048% dearer against Aftermath Perps than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CRCLUSD	91.666	0.0039	pay 0.0005% / 1h	14m 48s	$2K	$28K	5x
Short	Deribit CRCL_USDC-PERPETUAL	91.710	0.0514	get 0.0064% / 1h	14m 48s	$5K	$769K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee DeribitbpOrdersPrice spread, now +0.048%Rate

Funding earned: $99.73
Price spread: +0.048% → 0.000%: $4.76
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $88.49
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: Aftermath Perps: no order-book sample; Deribit: live order book, 29 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Deribit live order book, 29 min ago	6.02 bp	9.5 bp −$10	12.0 bp −$120	doesn't fit	doesn'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 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	−0.0510%	8h	91.810	+0.157%	$17.6M	$37.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0083%	1h	91.470	−0.214%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.740	+0.080%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.810	+0.157%	$7.8M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.760	+0.102%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0032%	8h	91.749	+0.090%	$2.4M	$3.2M	—	as long as short
Aftermath Perps CRCLUSDlong	+0.0039%	1h	91.666	long leg	$2K	$28K	5x
Lighter RH CRCL	+0.0040%	1h	91.752	+0.093%	$981K	$2.7M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.710	+0.048%	$94K	$292K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.740	+0.080%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.670	+0.004%	$1.1M	$5.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.790	+0.135%	$894K	$616K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.690	+0.026%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0099%	1h	91.692	+0.028%	$67.9M	$44.4M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.758	+0.100%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.710	+0.048%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.720	+0.058%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.750	+0.091%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.738	+0.078%	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0115%	8h	91.775	+0.118%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0128%	8h	91.739	+0.079%	$105.0M	$398.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0128%	1h	91.713	+0.051%	$1.0M	$5.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0138%	1h	91.730	+0.069%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0175%	8h	91.734	+0.073%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0201%	8h	91.760	+0.102%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0217%	8h	91.760	+0.102%	$22.3M	$62.8M	50x	as long as short
Phoenix CRCL	+0.0245%	1h	91.779	+0.123%	$27K	$82K	10x	as long as short
BloFin CRCL-USDT	+0.0248%	8h	91.760	+0.102%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.759	+0.101%	$418K	$267K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.749	+0.090%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0388%	4h	91.794	+0.140%	$52K	$278K	10x	as long as short
Nado CRCL-PERP	+0.0418%	1h	91.687	+0.022%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.210	+0.593%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUALshort	+0.0514%	1h	91.710	+0.048%	$5K	$769K	10x