Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h −0.005%

Price spread now: GRVT against ApeX Omni+0.095%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 GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

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

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GRVT is 0.095% dearer against ApeX Omni than usual: you sell high and buy low: +$10 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	94.530	0.0100	pay 0.0013% / 1h	53m 16s	$70K	$4K	50x
Short	GRVT CRCL_USDT_Perp	94.620	0.0249	get 0.0249% / 8h	7h 53m	$55K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.095%Rate

Funding earned: $31.29
Price spread: +0.095% → 0.000%: $9.52
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $21.81
Costs to cover: 0.190%
Break-even: 2.1 days

Slippage unknown: ApeX Omni: no order-book sample; GRVT: live order book, 5 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 GRVT live order book, 5 min ago	0.53 bp	9.7 bp −$10	14.8 bp −$148	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
tradeXYZ xyz:CRCL	−0.0225%	1h	94.215	−0.333%	$71.6M	$42.1M	10x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.290	−0.254%	$943K	$726K	10x	as long as short
Polymarket Perps CRCL-USD	−0.0015%	1h	94.223	−0.325%	$365K	$1.1M	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.290	−0.254%	$15.6M	$25.9M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.340	−0.201%	$7.2M	$26.9M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.330	−0.212%	$1.0M	$52K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.285	−0.259%	$890K	$2.8M	10x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.340	−0.201%	$1.3M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.260	−0.286%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0049%	1h	94.455	−0.080%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0050%	1h	94.296	−0.248%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.290	−0.254%	$1.1M	$5.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.394	−0.144%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.350	−0.190%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTlong	+0.0100%	1h	94.530	long leg	$70K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.320	−0.222%	$940	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.493	−0.039%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0115%	8h	94.374	−0.165%	$774	$740	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0157%	8h	94.250	−0.296%	$22.8M	$60.3M	50x	as long as short
Variational Omni CRCL	+0.0187%	8h	94.512	−0.019%	$2.5M	$3.1M	—	as long as short
Nado CRCL-PERP	+0.0222%	1h	94.246	−0.301%	$132K	$76K	3x	as long as short
Extended CRCL_24_5-USD	+0.0240%	1h	94.316	−0.226%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0242%	8h	94.304	−0.239%	$109.1M	$389.6M	50x	as long as short
Aster CRCLUSDT	+0.0244%	8h	94.358	−0.182%	$1.1M	$4.9M	20x	as long as short
GRVT CRCL_USDT_Perpshort	+0.0249%	8h	94.620	+0.095%	$55K	$1.1M	10x
Bitget CRCLUSDT	+0.0266%	8h	94.330	−0.212%	$16.9M	$35.2M	25x	as long as short
Phoenix CRCL	+0.0296%	1h	94.366	−0.173%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0304%	1h	94.326	−0.216%	$3.0M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0362%	8h	94.320	−0.222%	$1.1M	$585K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.960	+0.455%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.490	−0.042%	$97K	$276K	10x	as long as short
edgeX CRCLUSDC	+0.0597%	4h	94.645	+0.122%	$24K	$267K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.370	−0.169%	$430K	$303K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0705%	1h	94.330	−0.212%	$4K	$772K	10x	as long as short