Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.010%

Price spread now: Aftermath Perps against Aster+0.065%7-day average — · you sell dearer than you buy

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

Long on Aster 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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aftermath Perps is 0.065% dearer against Aster than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRCLUSDT	91.533	0.0137	pay 0.0137% / 8h	1h 00m	$1.0M	$5.1M	20x
Short	Aftermath Perps CRCLUSD	91.592	0.0039	get 0.0005% / 1h	0m 20s	$2K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Aster. 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 AsterbpFee Aftermath PerpsbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$20.59
Price spread: +0.065% → 0.000%: $6.53
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$31.05
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 3 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 Aster live order book, 3 min ago	2.18 bp	7.1 bp −$7	15.3 bp −$153	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	−0.0345%	8h	91.630	+0.106%	$17.6M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	91.260	−0.298%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.580	+0.052%	$7.8M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.580	+0.052%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0005%	8h	91.550	+0.019%	$14.8M	$26.6M	50x	as long as short
Aftermath Perps CRCLUSDshort	+0.0039%	1h	91.592	+0.065%	$2K	$28K	5x
Arcus CRCL-USD	+0.0040%	1h	91.640	+0.117%	$95K	$289K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.526	−0.007%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.440	−0.101%	$1.1M	$5.0M	10x	as long as short
Lighter RH CRCL	+0.0056%	1h	91.565	+0.035%	$979K	$2.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.400	−0.145%	$890K	$424K	10x	as long as short
Variational Omni CRCL	+0.0057%	8h	91.499	−0.037%	$2.4M	$3.2M	—	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.540	+0.008%	$1.3M	$1.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.502	−0.033%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.530	−0.003%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.690	+0.172%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.500	−0.036%	$912	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.549	+0.018%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0114%	1h	91.477	−0.061%	$67.7M	$44.2M	10x	as long as short
Aster CRCLUSDTlong	+0.0137%	8h	91.533	long leg	$1.0M	$5.1M	20x
Polymarket Perps CRCL-USD	+0.0152%	1h	91.514	−0.020%	$383K	$1.3M	10x	as long as short
Extended CRCL_24_5-USD	+0.0152%	1h	91.503	−0.032%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0152%	8h	91.528	−0.006%	$104.8M	$395.7M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0186%	8h	91.515	−0.019%	$421	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0225%	8h	91.750	+0.238%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0234%	8h	91.570	+0.041%	$22.3M	$62.1M	50x	as long as short
Phoenix CRCL	+0.0245%	1h	91.776	+0.266%	$27K	$82K	10x	as long as short
BloFin CRCL-USDT	+0.0270%	8h	91.470	−0.068%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.516	−0.018%	$418K	$265K	10x	as long as short
Lighter CRCL	+0.0304%	1h	91.549	+0.018%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0431%	1h	91.444	−0.096%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.980	+0.489%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0625%	1h	91.530	−0.003%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0814%	4h	91.760	+0.248%	$52K	$278K	10x	as long as short