Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.003%
Price spread now: tradeXYZ against ApeX Omni+0.324%105s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. tradeXYZ is 0.324% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.324% now, against zero (this spread has no 7-day history yet)): +$32 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 7 days (−0.013% in total) that is about 6 months. The two prices were read 105 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 | 92.550 | 0.0100 | pay 0.0013% / 1h | 3m 52s | $68K | $4K | 50x |
| Short | tradeXYZ xyz:CRCL | 92.850 | 0.0050 | get 0.0006% / 1h | 3m 52s | $67.9M | $40.1M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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 itlatest
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: +0.324% → 0.000%
- $32.41
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$6.09
- Costs to cover
- 0.280%
- Break-even
- from the start
Slippage unknown: ApeX Omni: no order-book sample; tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago | 0.54 bp | 10.2 bp −$10 | doesn't fit | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | −0.0021% | 1h | 92.800 | +0.270% | — | $30K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 92.920 | +0.400% | $15.1M | $25.1M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 92.950 | +0.432% | $18.2M | $33.7M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 92.970 | +0.454% | $1.0M | $45K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0008% | 1h | 92.890 | +0.367% | $860K | $702K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 92.996 | +0.482% | $1.0M | $2.5M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0041% | 1h | 92.685 | +0.146% | $2K | $29K | 5x | as long as short |
| tradeXYZ xyz:CRCLshort | +0.0050% | 1h | 92.850 | +0.324% | $67.9M | $40.1M | 10x | |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.968 | +0.452% | $382K | $847K | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 92.968 | +0.452% | $47K | $3K | 10x | as long as short |
Show all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 92.910 | +0.389% | $1.1M | $3.8M | 10x | as long as short |
| QFEX CRCL-USD | +0.0080% | 1h | 92.950 | +0.432% | $1.3M | $1.6M | 10x | as long as short |
| Gate CRCL_USDT | +0.0096% | 8h | 92.970 | +0.454% | $7.4M | $26.1M | 50x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 92.960 | +0.443% | $139K | $141K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 92.920 | +0.400% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDTlong | +0.0100% | 1h | 92.550 | long leg | $68K | $4K | 50x | |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 92.990 | +0.475% | $927 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 93.011 | +0.499% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0135% | 8h | 92.988 | +0.474% | $428 | $477 | 5x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0180% | 1h | 92.980 | +0.465% | $5K | $454K | 10x | as long as short |
| Phoenix CRCL | +0.0199% | 1h | 92.671 | +0.131% | $27K | $66K | 10x | as long as short |
| Lighter CRCL | +0.0264% | 1h | 93.016 | +0.504% | $3.0M | $2.1M | 10x | as long as short |
| Variational Omni CRCL | +0.0303% | 8h | 92.823 | +0.295% | $2.5M | $3.3M | — | as long as short |
| Nado CRCL-PERP | +0.0319% | 1h | 92.954 | +0.437% | $152K | $107K | 3x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0339% | 8h | 92.920 | +0.400% | $22.9M | $57.2M | 50x | as long as short |
| Arcus CRCL-USD | +0.0368% | 1h | 92.960 | +0.443% | $94K | $226K | 10x | as long as short |
| Aster CRCLUSDT | +0.0382% | 8h | 92.930 | +0.411% | $1.1M | $4.5M | 20x | as long as short |
| Binance CRCLUSDT | +0.0390% | 8h | 92.913 | +0.392% | $107.5M | $355.8M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0392% | 1h | 92.910 | +0.389% | $1.1M | $4.0M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.090 | −0.497% | $38K | $172K | 30x | as long as short |
| RISEx CRCL/USDC | +0.0479% | 1h | 93.005 | +0.492% | $417K | $243K | 10x | as long as short |
| BloFin CRCL-USDT | +0.0505% | 8h | 92.950 | +0.432% | $1.1M | $1.7M | 20x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0795% | 8h | 92.663 | +0.122% | $62K | $1.0M | 10x | as long as short |
| edgeX CRCLUSDC | +0.0977% | 4h | 92.636 | +0.093% | $53K | $269K | 10x | as long as short |
ApeX Omni CRCLUSDT
tradeXYZ xyz:CRCL
Bybit CRCLUSDT
Bitget CRCLUSDT
Phemex CRCLUSDT
Coinbase International CRCL-PERP-INTX
Lighter RH CRCL
Aftermath Perps CRCLUSD
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Gate CRCL_USDT
Pacifica CRCL
KuCoin CRCLUSDTM
Paradex CRCL-USD-PERP
Deribit CRCL_USDC-PERPETUAL
Phoenix CRCL
Lighter CRCL
Variational Omni CRCL
OKX CRCL-USDT-SWAP
Aster CRCLUSDT
Binance CRCLUSDT
Extended CRCL_24_5-USD
Injective CRCL/USDC PERP
RISEx CRCL/USDC
BloFin CRCL-USDT
GRVT CRCL_USDT_Perp
edgeX CRCLUSDC