Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0038%/8h= +4.1% APRpaid last 24h −0.009%

Price spread now: Aftermath Perps against Gate+0.063%7-day average — · you sell dearer than you buy

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

Long on Gate 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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aftermath Perps is 0.063% dearer against Gate than usual: you sell high and buy low: +$6 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	Gate CRCL_USDT	94.000	0	get 0.0000% / 8h	7h 05m	$7.2M	$27.1M	50x
Short	Aftermath Perps CRCLUSD	94.059	0.0038	get 0.0005% / 1h	5m 04s	$2K	$22K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Gate. 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 GatebpFee Aftermath PerpsbpOrdersPrice spread, now +0.063%Rate

Funding earned: $7.94
Price spread: +0.063% → 0.000%: $6.31
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$9.75
Costs to cover: 0.240%
Break-even: 15.6 days

Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago	1.06 bp	11.9 bp −$12	21.1 bp −$211	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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.000	0.000%	$940K	$620K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.930	−0.074%	$15.4M	$25.4M	50x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	94.000	long leg	$7.2M	$27.1M	50x
Bitget CRCLUSDT	0.0000%	8h	93.950	−0.053%	$16.7M	$34.4M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.920	−0.085%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.917	−0.088%	$982K	$2.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0035%	8h	94.270	+0.287%	$62K	$1.1M	10x	as long as short
Aftermath Perps CRCLUSDshort	+0.0038%	1h	94.059	+0.063%	$2K	$22K	5x
QFEX CRCL-USD	+0.0042%	1h	93.960	−0.043%	$1.4M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	93.850	−0.160%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	93.863	−0.146%	$71.5M	$40.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.953	−0.050%	$364K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.918	−0.087%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.880	−0.128%	$1.1M	$5.7M	10x	as long as short
Variational Omni CRCL	+0.0078%	8h	93.978	−0.024%	$2.5M	$3.1M	—	as long as short
Paradex CRCL-USD-PERP	+0.0099%	8h	93.957	−0.045%	$770	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	93.952	−0.051%	$75K	$96K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	93.980	−0.021%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.140	+0.149%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.970	−0.032%	$937	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.915	−0.090%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0128%	8h	93.950	−0.053%	$22.7M	$58.8M	50x	as long as short
Binance CRCLUSDT	+0.0158%	8h	93.930	−0.074%	$108.8M	$385.0M	50x	as long as short
Extended CRCL_24_5-USD	+0.0160%	1h	93.917	−0.089%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0161%	8h	94.038	+0.041%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0226%	1h	93.914	−0.092%	$131K	$76K	3x	as long as short
BloFin CRCL-USDT	+0.0278%	8h	93.940	−0.064%	$1.1M	$576K	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0283%	1h	93.870	−0.138%	$4K	$769K	10x	as long as short
Phoenix CRCL	+0.0296%	1h	93.980	−0.021%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0320%	1h	93.942	−0.062%	$3.0M	$2.3M	10x	as long as short
edgeX CRCLUSDC	+0.0340%	4h	94.103	+0.110%	$24K	$267K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.670	+0.713%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.080	+0.085%	$96K	$271K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	93.965	−0.037%	$428K	$297K	10x	as long as short