Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.021%

Price spread now: Binance against ApeX Omni+0.105%7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

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 +$3 a day on $10k at the current rate, and Binance is 0.105% dearer against ApeX Omni than usual: you sell high and buy low: +$11 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	ApeX Omni CRCLUSDT	94.230	0.0100	pay 0.0013% / 1h	32m 59s	$69K	$4K	50x
Short	Binance CRCLUSDT	94.329	0.0199	get 0.0199% / 8h	7h 32m	$109.3M	$386.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.105%Rate

Funding earned: $20.71
Price spread: +0.105% → 0.000%: $10.54
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $11.25
Costs to cover: 0.200%
Break-even: 3.2 days

Slippage unknown: ApeX Omni: no order-book sample; Binance: live order book, 11 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.53 bp	5.5 bp −$6	8.3 bp −$83	34.5 bp −$3,452	138.3 bp −$69.1K

ApeX Omni: 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	94.210	−0.021%	$942K	$622K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.330	+0.106%	$7.2M	$27.0M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.300	+0.074%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.310	+0.085%	$1.0M	$51K	10x	as long as short
Bybit CRCLUSDT	+0.0004%	8h	94.330	+0.106%	$15.5M	$25.7M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.302	+0.076%	$891K	$2.8M	10x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.320	+0.096%	$1.4M	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0043%	1h	94.251	+0.023%	$2K	$22K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.200	−0.032%	—	$37K	25x	as long as short
Bitget CRCLUSDT	+0.0046%	8h	94.320	+0.096%	$17.0M	$34.8M	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CRCLUSDC	+0.0047%	4h	94.288	+0.062%	$24K	$268K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.260	+0.032%	$71.7M	$42.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.293	+0.067%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.284	+0.057%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.180	−0.053%	$1.1M	$5.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.290	+0.064%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.360	+0.138%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTlong	+0.0100%	1h	94.230	long leg	$69K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.340	+0.117%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.301	+0.075%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0106%	8h	94.338	+0.114%	$774	$740	5x	as long as short
Variational Omni CRCL	+0.0137%	8h	94.330	+0.107%	$2.5M	$3.1M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0154%	8h	94.330	+0.106%	$22.8M	$59.3M	50x	as long as short
Binance CRCLUSDTshort	+0.0199%	8h	94.329	+0.105%	$109.3M	$386.9M	50x
Extended CRCL_24_5-USD	+0.0200%	1h	94.328	+0.104%	$1.1M	$5.8M	10x	as long as short
Aster CRCLUSDT	+0.0203%	8h	94.386	+0.165%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0225%	1h	94.259	+0.031%	$132K	$76K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0280%	1h	94.310	+0.085%	$4K	$771K	10x	as long as short
Lighter CRCL	+0.0288%	1h	94.323	+0.099%	$3.0M	$2.2M	10x	as long as short
Phoenix CRCL	+0.0296%	1h	94.307	+0.082%	$28K	$92K	10x	as long as short
BloFin CRCL-USDT	+0.0319%	8h	94.350	+0.127%	$1.1M	$560K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.730	+0.531%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.280	+0.053%	$96K	$276K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.355	+0.133%	$430K	$299K	10x	as long as short