CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0693%/8h= −75.9% APRnext payment −$0.87 per $10,000 · paid last 24h −0.074%

Price spread now: Aftermath Perps against Deribit−0.073%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Aftermath Perps is 0.073% cheaper against Deribit than usual: you would sell low and buy high (−$7 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	Deribit CRCL_USDC-PERPETUAL	91.750	0.0732	pay 0.0091% / 1h	15m 59s	$5K	$769K	10x
Short	Aftermath Perps CRCLUSD	91.683	0.0039	get 0.0005% / 1h	15m 59s	$2K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Deribit. 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 DeribitbpFee Aftermath PerpsbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$145.52
Price spread: −0.073% → 0.000%: −$7.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$168.81
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 28 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 Deribit live order book, 28 min ago	6.02 bp	9.5 bp −$10	13.6 bp −$136	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	−0.0524%	8h	91.830	+0.087%	$17.6M	$37.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0083%	1h	91.480	−0.294%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.770	+0.022%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.810	+0.065%	$7.8M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.750	0.000%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0013%	8h	91.789	+0.042%	$2.4M	$3.2M	—	as long as short
Aftermath Perps CRCLUSDshort	+0.0039%	1h	91.683	−0.073%	$2K	$28K	5x
Arcus CRCL-USD	+0.0040%	1h	91.720	−0.033%	$94K	$292K	10x	as long as short
Lighter RH CRCL	+0.0048%	1h	91.779	+0.032%	$981K	$2.7M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.730	−0.022%	$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	−0.087%	$1.1M	$5.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.790	+0.044%	$894K	$616K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.690	−0.065%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0097%	1h	91.715	−0.038%	$67.9M	$44.4M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.765	+0.016%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.700	−0.054%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.710	−0.044%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.730	−0.022%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.742	−0.008%	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0115%	8h	91.774	+0.027%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0128%	8h	91.760	+0.011%	$105.0M	$398.1M	50x	as long as short
Extended CRCL_24_5-USD	+0.0128%	1h	91.743	−0.007%	$1.0M	$5.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0137%	1h	91.730	−0.022%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0176%	8h	91.764	+0.015%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0201%	8h	91.760	+0.010%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0216%	8h	91.780	+0.033%	$22.3M	$62.9M	50x	as long as short
BloFin CRCL-USDT	+0.0242%	8h	91.820	+0.076%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.779	+0.032%	$27K	$82K	10x	as long as short
edgeX CRCLUSDC	+0.0267%	4h	91.778	+0.031%	$52K	$278K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.730	−0.022%	$418K	$268K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.769	+0.021%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0419%	1h	91.691	−0.065%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.210	+0.501%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUALlong	+0.0732%	1h	91.750	long leg	$5K	$769K	10x