Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h −0.002%

Price spread now: Paradex against ApeX Omni+0.287%50s7-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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.287% dearer against ApeX Omni than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CRCLUSDT	91.560	0.0100	pay 0.0013% / 1h	20m 37s	$67K	$4K	50x
Short	Paradex CRCL-USD-PERP	91.823	0.0161	get 0.0161% / 8h	1h 20m	$422	$905	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.287%Rate

Funding earned: $12.81
Price spread: +0.287% → 0.000%: $28.71
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $27.52
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: ApeX Omni: no order-book sample; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

ApeX Omni and Paradex: 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	−0.0594%	8h	91.900	+0.371%	$17.6M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0085%	1h	91.480	−0.087%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.850	+0.317%	$14.7M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.930	+0.404%	$7.8M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.750	+0.208%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0013%	8h	91.789	+0.250%	$2.4M	$3.2M	—	as long as short
Lighter RH CRCL	+0.0032%	1h	91.853	+0.320%	$980K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.561	+0.001%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.670	+0.120%	$95K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.774	+0.234%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.750	+0.208%	$1.1M	$5.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.690	+0.142%	$893K	$616K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.800	+0.262%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0088%	1h	91.782	+0.242%	$67.9M	$44.4M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.790	+0.251%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.760	+0.218%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDTlong	+0.0100%	1h	91.560	long leg	$67K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.820	+0.284%	$915	$2K	10x	as long as short
Aster CRCLUSDT	+0.0103%	8h	91.762	+0.220%	$1.0M	$5.1M	20x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.819	+0.283%	$4	—	10x	as long as short
Extended CRCL_24_5-USD	+0.0112%	1h	91.818	+0.282%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0117%	8h	91.830	+0.295%	$105.0M	$397.6M	50x	as long as short
edgeX CRCLUSDC	+0.0127%	4h	91.661	+0.110%	$52K	$277K	10x	as long as short
Polymarket Perps CRCL-USD	+0.0135%	1h	91.768	+0.227%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERPshort	+0.0161%	8h	91.823	+0.287%	$422	$905	5x
GRVT CRCL_USDT_Perp	+0.0193%	8h	91.680	+0.131%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0209%	8h	91.840	+0.306%	$22.3M	$62.9M	50x	as long as short
BloFin CRCL-USDT	+0.0236%	8h	91.820	+0.284%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.610	+0.055%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.820	+0.284%	$418K	$268K	10x	as long as short
Lighter CRCL	+0.0272%	1h	91.850	+0.317%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0399%	1h	91.696	+0.149%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.220	+0.721%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0840%	1h	91.820	+0.284%	$5K	$769K	10x	as long as short