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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.4% APRnext payment $0.06 per $10,000 · paid last 24h −0.015%
Price spread now: Ondo Perps against ApeX Omni−0.055%52s7-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−0.093%−$9 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.055% cheaper against ApeX Omni than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CRCLUSDT91.4100.0100pay 0.0013% / 1h54m 14s$67K$4K50x
ShortOndo Perps CRCL-USD.P91.3600.0050get 0.0006% / 1h54m 14s$1.1M$5.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$10.42
Price spread: −0.055% → 0.000%
−$5.47
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$30.89
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: ApeX Omni: no order-book sample; Ondo Perps: no order-book sample. 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 Ondo Perps no order-book sample
ApeX Omni and Ondo Perps: 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
Bitget CRCLUSDT−0.0743%8h91.530+0.131%$17.4M$37.0M25xas long as short
Vest CRCL-USD-PERP−0.0083%1h91.100−0.339%$31K25xas long as short
Bybit CRCLUSDT0.0000%8h91.460+0.055%$14.7M$26.7M50xas long as short
Gate CRCL_USDT0.0000%8h91.490+0.088%$7.8M$27.4M50xas long as short
Variational Omni CRCL0.0000%8h91.489+0.086%$2.4M$3.2Mas long as short
Phemex CRCLUSDT0.0000%4h91.470+0.066%$1.0M$48K10xas long as short
Aftermath Perps CRCLUSD+0.0040%1h91.427+0.019%$2K$27K5xas long as short
Arcus CRCL-USD+0.0040%1h91.480+0.077%$93K$289K10xas long as short
SoDEX CRCL-USD+0.0050%1h91.419+0.010%$46K$3K10xas long as short
Ondo Perps CRCL-USD.Pshort+0.0050%1h91.360−0.055%$1.1M$5.2M10x
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International CRCL-PERP-INTX+0.0056%1h91.470+0.066%$891K$605K10xas long as short
Aster CRCLUSDT+0.0061%8h91.484+0.081%$1.0M$5.1M20xas long as short
QFEX CRCL-USD+0.0068%1h91.360−0.055%$1.3M$1.8M10xas long as short
Binance CRCLUSDT+0.0077%8h91.457+0.051%$104.6M$397.4M50xas long as short
Extended CRCL_24_5-USD+0.0080%1h91.430+0.022%$1.0M$5.7M10xas long as short
Pacifica CRCL+0.0100%1h91.360−0.055%$134K$159K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.460+0.055%$2.7M$1.8M20xas long as short
ApeX Omni CRCLUSDTlong+0.0100%1h91.410long leg$67K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.430+0.022%$912$2K10xas long as short
Aevo CRCL-PERP+0.0104%1h91.442+0.035%$410xas long as short
Lighter RH CRCL+0.0112%1h91.478+0.074%$977K$2.7M10xas long as short
GRVT CRCL_USDT_Perp+0.0166%8h91.542+0.144%$65K$1.1M10xas long as short
Paradex CRCL-USD-PERP+0.0167%8h91.384−0.028%$420$9055xas long as short
OKX CRCL-USDT-SWAP+0.0174%8h91.460+0.055%$22.2M$62.6M50xas long as short
BloFin CRCL-USDT+0.0194%8h91.420+0.011%$1.1M$1.6M20xas long as short
Phoenix CRCL+0.0210%1h91.554+0.158%$27K$82K10xas long as short
tradeXYZ xyz:CRCL+0.0221%1h91.349−0.067%$67.7M$44.3M10xas long as short
Polymarket Perps CRCL-USD+0.0225%1h91.384−0.028%$383K$1.3M10xas long as short
RISEx CRCL/USDC+0.0271%1h91.405−0.005%$416K$271K10xas long as short
Lighter CRCL+0.0344%1h91.490+0.088%$2.9M$2.4M10xas long as short
Injective CRCL/USDC PERP+0.0440%1h91.930+0.569%$5K$19K30xas long as short
Nado CRCL-PERP+0.0475%1h91.304−0.115%$134K$109K3xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0626%1h91.430+0.022%$5K$769K10xas long as short
edgeX CRCLUSDC+0.0851%4h91.640+0.251%$52K$276K10xas long as short