Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.018%

Price spread now: ApeX Omni against Aster−0.124%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. ApeX Omni is 0.124% cheaper against Aster than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 9.2 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRCLUSDT	92.044	0.0055	pay 0.0055% / 8h	6h 03m	$1.1M	$4.9M	20x
Short	ApeX Omni CRCLUSDT	91.930	0.0100	get 0.0013% / 1h	3m 37s	$68K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.124%Rate

Funding earned: $9.45
Price spread: −0.124% → 0.000%: −$12.37
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$20.92
Costs to cover: 0.180%
Break-even: 22.5 days

Slippage unknown: Aster: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 5 min ago	1.63 bp	5.6 bp −$6	83.8 bp −$838	doesn't fit	doesn'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 33 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	−0.0956%	8h	92.040	−0.004%	$15.9M	$34.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0062%	1h	91.770	−0.297%	—	$40K	25x	as long as short
Gate CRCL_USDT	−0.0048%	8h	92.020	−0.026%	$7.1M	$26.9M	50x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.840	−0.221%	$906K	$564K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.010	−0.037%	$15.0M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.000	−0.048%	$420K	$298K	10x	as long as short
Variational Omni CRCL	0.0000%	8h	91.989	−0.060%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.022	−0.024%	$63K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.970	−0.080%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	91.936	−0.117%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.033	−0.012%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.950	−0.102%	$93K	$269K	10x	as long as short
Binance CRCLUSDT	+0.0045%	8h	91.970	−0.080%	$104.7M	$387.6M	50x	as long as short
OKX CRCL-USDT-SWAP	+0.0046%	8h	92.020	−0.026%	$21.8M	$59.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0048%	1h	91.978	−0.072%	$1.1M	$5.7M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.953	−0.099%	$69.0M	$41.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.010	−0.037%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.973	−0.077%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.950	−0.102%	$1.0M	$5.3M	10x	as long as short
Aster CRCLUSDTlong	+0.0055%	8h	92.044	long leg	$1.1M	$4.9M	20x
QFEX CRCL-USD	+0.0057%	1h	92.010	−0.037%	$1.3M	$2.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0072%	8h	92.026	−0.020%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.985	−0.063%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.030	−0.015%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	91.930	−0.124%	$68K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.020	−0.026%	$917	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.004	−0.043%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0166%	1h	91.893	−0.164%	$131K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0185%	1h	92.040	−0.004%	$4K	$769K	10x	as long as short
Lighter CRCL	+0.0208%	1h	92.043	−0.001%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.910	−0.145%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.260	+0.235%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0966%	4h	91.955	−0.097%	$23K	$267K	10x	as long as short