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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRnext payment $0.06 per $10,000 · paid last 24h −0.015%
Price spread now: Polymarket Perps against ApeX Omni−0.199%7-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−0.119%−$12 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.199% cheaper against ApeX Omni than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CRCLUSDT94.1400.0100pay 0.0013% / 1h5m 29s$69K$4K50x
ShortPolymarket Perps CRCL-USD93.9530.0050get 0.0006% / 1h5m 29s$364K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket 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
−$10.5
Price spread: −0.199% → 0.000%
−$19.86
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$48.36
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: ApeX Omni: no order-book sample; Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago3.03 bp7.4 bp −$78.4 bp −$849.7 bp −$971doesn'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
Coinbase International CRCL-PERP-INTX−0.0064%1h94.000−0.149%$940K$620K10xas long as short
Bybit CRCLUSDT0.0000%8h93.990−0.159%$15.4M$25.4M50xas long as short
Gate CRCL_USDT0.0000%8h94.020−0.127%$7.2M$27.1M50xas long as short
Bitget CRCLUSDT0.0000%8h93.990−0.159%$16.7M$34.4M25xas long as short
Phemex CRCLUSDT0.0000%4h94.000−0.149%$1.0M$49K10xas long as short
Lighter RH CRCL+0.0032%1h93.970−0.181%$885K$2.8M10xas long as short
GRVT CRCL_USDT_Perp+0.0035%8h94.270+0.138%$62K$1.1M10xas long as short
Aftermath Perps CRCLUSD+0.0038%1h94.100−0.043%$2K$22K5xas long as short
QFEX CRCL-USD+0.0042%1h93.960−0.191%$1.4M$2.5M10xas long as short
Vest CRCL-USD-PERP+0.0046%1h93.850−0.308%$37K25xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CRCL+0.0050%1h93.841−0.318%$71.5M$40.5M10xas long as short
Polymarket Perps CRCL-USDshort+0.0050%1h93.953−0.199%$364K$1.1M10x
SoDEX CRCL-USD+0.0050%1h93.974−0.176%$47K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h93.880−0.276%$1.1M$5.7M10xas long as short
Variational Omni CRCL+0.0078%8h93.978−0.172%$2.5M$3.1Mas long as short
Paradex CRCL-USD-PERP+0.0099%8h93.957−0.194%$770$7405xas long as short
Pacifica CRCL+0.0100%1h93.952−0.200%$75K$96K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h94.020−0.127%$3.0M$1.9M20xas long as short
ApeX Omni CRCLUSDTlong+0.0100%1h94.140long leg$69K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h94.010−0.138%$937$3K10xas long as short
Aevo CRCL-PERP+0.0104%1h93.959−0.192%$410xas long as short
OKX CRCL-USDT-SWAP+0.0128%8h94.020−0.127%$22.7M$58.9M50xas long as short
Binance CRCLUSDT+0.0158%8h93.961−0.190%$108.8M$385.0M50xas long as short
Extended CRCL_24_5-USD+0.0160%1h93.929−0.224%$1.1M$5.7M10xas long as short
Aster CRCLUSDT+0.0161%8h94.031−0.116%$1.1M$4.9M20xas long as short
Nado CRCL-PERP+0.0226%1h93.914−0.240%$131K$76K3xas long as short
BloFin CRCL-USDT+0.0284%8h94.070−0.074%$1.1M$576K20xas long as short
Phoenix CRCL+0.0296%1h93.980−0.170%$28K$92K10xas long as short
Lighter CRCL+0.0328%1h93.996−0.153%$3.0M$2.3M10xas long as short
edgeX CRCLUSDC+0.0340%4h94.103−0.039%$24K$267K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h94.670+0.563%$5K$19K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0496%1h93.920−0.234%$4K$769K10xas long as short
Arcus CRCL-USD+0.0521%1h94.080−0.064%$96K$271K10xas long as short
RISEx CRCL/USDC+0.0677%1h93.965−0.186%$428K$297K10xas long as short