Settings8H · net · $10k
Funding arb · Price arb /

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.015%
Price spread now: Extended against ApeX Omni−0.140%72s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.098%+$10 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding pays, the price is against you. Extended is 0.140% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.140% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 3.8 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.098% in total) that is about 10 days. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CRCLUSDT90.9800.0100pay 0.0013% / 1h30m 00s$67K$4K50x
ShortExtended CRCL_24_5-USD90.8520.0224get 0.0028% / 1h30m 00s$1.1M$5.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$26.04
Price spread: −0.140% → 0.000%
−$14.05
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$3.01
Costs to cover
0.150%
Break-even
7.8 days
Slippage unknown: ApeX Omni: no order-book sample; Extended: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni no order-book sample
Sell Extended live order book, 4 min ago0.28 bp4.9 bp −$522.7 bp −$227doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest CRCL-USD-PERP−0.0099%1h90.680−0.330%$31K25xas long as short
Bitget CRCLUSDT−0.0042%8h90.900−0.088%$17.4M$36.2M25xas long as short
Bybit CRCLUSDT0.0000%8h90.860−0.132%$14.9M$26.6M50xas long as short
Gate CRCL_USDT0.0000%8h90.930−0.055%$7.8M$26.5M50xas long as short
Deribit CRCL_USDC-PERPETUAL0.0000%1h90.830−0.165%$5K$764K10xas long as short
Phemex CRCLUSDT0.0000%4h90.920−0.066%$1.0M$47K10xas long as short
Lighter RH CRCL+0.0032%1h90.893−0.096%$977K$2.4M10xas long as short
Coinbase International CRCL-PERP-INTX+0.0032%1h90.900−0.088%$937K$571K10xas long as short
Aftermath Perps CRCLUSD+0.0037%1h91.008+0.031%$2K$29K5xas long as short
Arcus CRCL-USD+0.0040%1h90.880−0.110%$94K$283K10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CRCL+0.0050%1h90.794−0.204%$66.9M$44.3M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h90.875−0.115%$375K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h90.861−0.131%$46K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h90.990+0.011%$1.1M$4.7M10xas long as short
QFEX CRCL-USD+0.0065%1h90.890−0.099%$1.3M$1.7M10xas long as short
Pacifica CRCL+0.0100%1h90.880−0.110%$133K$158K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h90.870−0.121%$2.6M$1.7M20xas long as short
ApeX Omni CRCLUSDTlong+0.0100%1h90.980long leg$67K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h90.870−0.121%$906$1K10xas long as short
GRVT CRCL_USDT_Perp+0.0104%8h91.175+0.215%$71K$1.1M10xas long as short
Aevo CRCL-PERP+0.0104%1h90.892−0.096%$410xas long as short
Paradex CRCL-USD-PERP+0.0126%8h90.902−0.085%$418$7665xas long as short
Variational Omni CRCL+0.0148%8h90.940−0.044%$2.4M$3.3Mas long as short
Aster CRCLUSDT+0.0208%8h90.856−0.136%$1.0M$5.0M20xas long as short
Lighter CRCL+0.0216%1h90.893−0.096%$2.9M$2.1M10xas long as short
edgeX CRCLUSDC+0.0217%4h91.065+0.093%$52K$270K10xas long as short
Binance CRCLUSDT+0.0224%8h90.849−0.144%$104.5M$386.4M50xas long as short
Extended CRCL_24_5-USDshort+0.0224%1h90.852−0.140%$1.1M$5.1M10x
Phoenix CRCL+0.0254%1h91.098+0.130%$27K$66K10xas long as short
OKX CRCL-USDT-SWAP+0.0285%8h90.860−0.132%$22.2M$61.2M50xas long as short
BloFin CRCL-USDT+0.0346%8h90.990+0.011%$1.1M$1.7M20xas long as short
Nado CRCL-PERP+0.0367%1h90.899−0.089%$134K$109K3xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.170+1.308%$5K$19K30xas long as short
RISEx CRCL/USDC+0.0501%1h90.939−0.045%$411K$258K10xas long as short