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−0.0421%/8h= −46.1% APRnext payment $0.53 per $10,000 · paid last 24h −0.042%
Price spread now: ApeX Omni against Arcus−0.064%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 3 days (all we have)no history yet
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 −$13 a day on $10k at the current rate, and ApeX Omni is 0.064% cheaper against Arcus than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus CRCL-USD94.3600.0521pay 0.0065% / 1h29m 02s$96K$273K10x
ShortApeX Omni CRCLUSDT94.3000.0100get 0.0013% / 1h29m 02s$69K$4K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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
−$88.32
Price spread: −0.064% → 0.000%
−$6.36
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$109.18
Costs to cover
0.145%
Break-even
never at this rate
Slippage unknown: Arcus: live order book, 44 min ago; ApeX Omni: 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 Arcus live order book, 44 min ago2.12 bp8.1 bp −$88.5 bp −$85doesn't fitdoesn't fit
Sell ApeX Omni no order-book sample
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%1h94.210−0.159%$942K$622K10xas long as short
Bybit CRCLUSDT0.0000%8h94.420+0.064%$15.5M$25.7M50xas long as short
Gate CRCL_USDT0.0000%8h94.410+0.053%$7.2M$27.0M50xas long as short
GRVT CRCL_USDT_Perp0.0000%8h94.462+0.108%$68K$1.1M10xas long as short
Phemex CRCLUSDT0.0000%4h94.330−0.032%$1.0M$49K10xas long as short
Lighter RH CRCL+0.0032%1h94.403+0.046%$889K$2.8M10xas long as short
Bitget CRCLUSDT+0.0033%8h94.410+0.053%$17.0M$34.7M25xas long as short
Aftermath Perps CRCLUSD+0.0042%1h94.322−0.040%$2K$22K5xas long as short
QFEX CRCL-USD+0.0042%1h94.350−0.011%$1.4M$2.6M10xas long as short
Vest CRCL-USD-PERP+0.0046%1h94.280−0.085%$37K25xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CRCL+0.0050%1h94.343−0.018%$71.8M$42.2M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h94.369+0.010%$365K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h94.373+0.014%$47K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h94.310−0.053%$1.0M$5.7M10xas long as short
Pacifica CRCL+0.0100%1h94.350−0.011%$76K$99K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h94.410+0.053%$3.0M$1.9M20xas long as short
ApeX Omni CRCLUSDTshort+0.0100%1h94.300−0.064%$69K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h94.390+0.032%$941$3K10xas long as short
Aevo CRCL-PERP+0.0104%1h94.397+0.039%$410xas long as short
Paradex CRCL-USD-PERP+0.0105%8h94.412+0.055%$774$7405xas long as short
Variational Omni CRCL+0.0127%8h94.450+0.096%$2.5M$3.1Mas long as short
edgeX CRCLUSDC+0.0141%4h94.435+0.079%$24K$269K10xas long as short
OKX CRCL-USDT-SWAP+0.0151%8h94.460+0.106%$22.8M$59.5M50xas long as short
Extended CRCL_24_5-USD+0.0192%1h94.380+0.021%$1.1M$5.9M10xas long as short
Binance CRCLUSDT+0.0193%8h94.411+0.054%$109.4M$386.2M50xas long as short
Aster CRCLUSDT+0.0199%8h94.401+0.044%$1.1M$4.9M20xas long as short
Nado CRCL-PERP+0.0228%1h94.320−0.042%$132K$76K3xas long as short
Phoenix CRCL+0.0296%1h94.429+0.073%$28K$92K10xas long as short
Lighter CRCL+0.0304%1h94.416+0.059%$3.1M$2.2M10xas long as short
BloFin CRCL-USDT+0.0313%8h94.370+0.011%$1.1M$560K20xas long as short
Injective CRCL/USDC PERP+0.0440%1h94.890+0.562%$5K$19K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0492%1h94.380+0.021%$4K$769K10xas long as short
Arcus CRCL-USDlong+0.0521%1h94.360long leg$96K$273K10x
RISEx CRCL/USDC+0.0677%1h94.386+0.028%$431K$299K10xas long as short