Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.057%

Price spread now: BloFin against ApeX Omni+0.110%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.308%+$31 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 +$4 a day on $10k at the current rate, and BloFin is 0.110% 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	91.290	0.0100	pay 0.0013% / 1h	30m 08s	$67K	$4K	50x
Short	BloFin CRCL-USDT	91.390	0.0219	get 0.0219% / 8h	1h 30m	$1.1M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.110%Rate

Funding earned: $24.95
Price spread: +0.110% → 0.000%: $10.95
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $13.9
Costs to cover: 0.220%
Break-even: 3.1 days

Slippage unknown: ApeX Omni: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	1.64 bp	8.2 bp −$8	12.0 bp −$120	32.2 bp −$3,217	doesn't fit

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
Bitget CRCLUSDT	−0.0716%	8h	91.450	+0.175%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0088%	1h	91.090	−0.219%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.370	+0.088%	$14.6M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.440	+0.164%	$7.8M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.369	+0.087%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.370	+0.088%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.443	+0.168%	$977K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	91.273	−0.018%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.290	0.000%	$94K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.403	+0.124%	$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	91.240	−0.055%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.099%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.360	+0.077%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0076%	1h	91.355	+0.071%	$67.6M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0086%	8h	91.448	+0.173%	$1.0M	$5.1M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	91.357	+0.073%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.360	+0.077%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDTlong	+0.0100%	1h	91.290	long leg	$67K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.400	+0.120%	$911	$2K	10x	as long as short
Binance CRCLUSDT	+0.0100%	8h	91.431	+0.155%	$104.5M	$397.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0104%	1h	91.407	+0.128%	$1.0M	$5.0M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.414	+0.136%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0133%	1h	91.389	+0.108%	$383K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0159%	8h	91.372	+0.090%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0186%	8h	91.369	+0.087%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0199%	8h	91.450	+0.175%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDTshort	+0.0219%	8h	91.390	+0.110%	$1.1M	$1.7M	20x
Phoenix CRCL	+0.0245%	1h	91.232	−0.064%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.395	+0.115%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0288%	1h	91.438	+0.162%	$2.9M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0407%	1h	91.400	+0.120%	$5K	$769K	10x	as long as short
Nado CRCL-PERP	+0.0410%	1h	91.322	+0.035%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.720	+0.471%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0795%	4h	91.298	+0.008%	$52K	$278K	10x	as long as short