Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h +0.121%

Price spread now: edgeX against ApeX Omni+0.128%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 edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.723%+$72 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.128% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.128% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.723%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CRCLUSDT	91.710	0.0100	pay 0.0013% / 1h	16m 17s	$67K	$4K	50x
Short	edgeX CRCLUSDC	91.827	0.0065	get 0.0032% / 4h	16m 17s	$51K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$7.35
Price spread: +0.128% → 0.000%: $12.76
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$13.6
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; edgeX: live order book, 41 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 edgeX live order book, 41 min ago	6.52 bp	11.9 bp −$12	24.1 bp −$241	doesn't fit	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	−0.0984%	8h	91.980	+0.294%	$16.5M	$35.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0069%	1h	91.660	−0.055%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.907	+0.215%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.915	+0.224%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.940	+0.251%	$104.6M	$389.6M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.930	+0.240%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.950	+0.262%	$418K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.000	+0.316%	$7.2M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.828	+0.129%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.850	+0.153%	$64K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.910	+0.218%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.790	+0.087%	$906K	$490K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0026%	8h	91.940	+0.251%	$22.1M	$61.1M	50x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.910	+0.218%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.974	+0.288%	$975K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0034%	1h	91.886	+0.192%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.840	+0.142%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.854	+0.157%	$68.5M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.913	+0.221%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.945	+0.256%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.760	+0.055%	$1.0M	$5.1M	10x	as long as short
edgeX CRCLUSDCshort	+0.0065%	4h	91.827	+0.128%	$51K	$276K	10x
Pacifica CRCL	+0.0100%	1h	91.949	+0.261%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.880	+0.185%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTlong	+0.0100%	1h	91.710	long leg	$67K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.910	+0.218%	$916	$2K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0101%	8h	91.927	+0.237%	$423	$905	5x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.919	+0.228%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.950	+0.262%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.825	+0.125%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0192%	1h	91.973	+0.287%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0302%	1h	91.874	+0.179%	$131K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.400	+0.752%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0730%	1h	91.940	+0.251%	$4K	$767K	10x	as long as short