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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.069%
Price spread now: Lighter against ApeX Omni+0.096%108s7-day average · you sell dearer than you buy
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+0.573%+$57 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.096% 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). The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CRCLUSDT94.1700.0100pay 0.0013% / 1h5m 52s$69K$4K50x
ShortLighter CRCL94.2600.0288get 0.0036% / 1h5m 52s$3.0M$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$39.48
Price spread: +0.096% → 0.000%
$9.56
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$39.04
Costs to cover
0.100%
Break-even
0.1 days
Slippage unknown: ApeX Omni: no order-book sample; Lighter: live order book, 6 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 Lighter live order book, 6 min ago0.90 bp0.9 bp −$14.2 bp −$4237.6 bp −$3,763doesn'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
Gate CRCL_USDT0.0000%8h94.230+0.064%$7.2M$27.6M50xas long as short
Phemex CRCLUSDT0.0000%4h94.180+0.011%$1.0M$52K10xas long as short
Lighter RH CRCL+0.0032%1h94.264+0.100%$888K$2.9M10xas long as short
QFEX CRCL-USD+0.0033%1h94.240+0.074%$1.4M$2.7M10xas long as short
Vest CRCL-USD-PERP+0.0046%1h94.220+0.053%$45K25xas long as short
Aftermath Perps CRCLUSD+0.0048%1h94.219+0.052%$2K$20K5xas long as short
Polymarket Perps CRCL-USD+0.0050%1h94.219+0.052%$365K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h94.209+0.041%$47K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h94.050−0.127%$1.1M$5.9M10xas long as short
Bybit CRCLUSDT+0.0076%8h94.250+0.085%$15.5M$25.8M50xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International CRCL-PERP-INTX+0.0080%1h94.100−0.074%$936K$720K10xas long as short
Pacifica CRCL+0.0100%1h94.180+0.011%$75K$99K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h94.250+0.085%$3.0M$1.8M20xas long as short
ApeX Omni CRCLUSDTlong+0.0100%1h94.170long leg$69K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h94.210+0.042%$939$3K10xas long as short
Aevo CRCL-PERP+0.0104%1h94.256+0.091%$410xas long as short
Paradex CRCL-USD-PERP+0.0126%8h94.222+0.056%$773$7405xas long as short
Variational Omni CRCL+0.0128%8h94.142−0.029%$2.5M$3.2Mas long as short
GRVT CRCL_USDT_Perp+0.0132%8h94.200+0.032%$62K$1.1M10xas long as short
RISEx CRCL/USDC+0.0159%1h94.245+0.080%$430K$310K10xas long as short
Extended CRCL_24_5-USD+0.0160%1h94.201+0.033%$1.1M$3.8M10xas long as short
Binance CRCLUSDT+0.0162%8h94.230+0.064%$108.4M$388.5M50xas long as short
tradeXYZ xyz:CRCL+0.0171%1h94.210+0.042%$70.6M$42.7M10xas long as short
Aster CRCLUSDT+0.0180%8h94.207+0.040%$1.1M$4.9M20xas long as short
OKX CRCL-USDT-SWAP+0.0190%8h94.220+0.053%$22.8M$60.4M50xas long as short
Phoenix CRCL+0.0212%1h94.180+0.011%$28K$92K10xas long as short
Arcus CRCL-USD+0.0214%1h94.200+0.032%$96K$275K10xas long as short
Nado CRCL-PERP+0.0253%1h94.159−0.011%$126K$73K3xas long as short
BloFin CRCL-USDT+0.0284%8h94.260+0.096%$1.1M$580K20xas long as short
Lighter CRCLshort+0.0288%1h94.260+0.096%$3.0M$2.3M10x
Bitget CRCLUSDT+0.0305%8h94.240+0.074%$16.6M$35.1M25xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0387%1h94.230+0.064%$4K$772K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h94.760+0.627%$5K$19K30xas long as short
edgeX CRCLUSDC+0.0642%4h94.155−0.016%$24K$267K10xas long as short