Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.007%

Price spread now: ApeX Omni against Bitget−0.076%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 0.076% cheaper against Bitget than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.5 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.169%, 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	Bitget CRCLUSDT	92.640	0	get 0.0000% / 8h	5h 28m	$18.5M	$33.5M	25x
Short	ApeX Omni CRCLUSDT	92.570	0.0100	get 0.0013% / 1h	28m 49s	$68K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.076%Rate

Funding earned: $21
Price spread: −0.076% → 0.000%: −$7.56
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.56
Costs to cover: 0.220%
Break-even: 9.9 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	1.62 bp	9.8 bp −$10	15.7 bp −$157	44.0 bp −$4,399	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 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
Coinbase International CRCL-PERP-INTX	−0.0048%	1h	92.600	−0.043%	$866K	$745K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.620	−0.022%	$15.0M	$25.1M	50x	as long as short
Bitget CRCLUSDTlong	0.0000%	8h	92.640	long leg	$18.5M	$33.5M	25x
Phemex CRCLUSDT	0.0000%	4h	92.600	−0.043%	$1.0M	$45K	10x	as long as short
Vest CRCL-USD-PERP	+0.0014%	1h	92.430	−0.227%	—	$30K	25x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.542	−0.106%	$998K	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	92.612	−0.031%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.440	−0.216%	$67.5M	$39.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.546	−0.101%	$329K	$951K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.596	−0.047%	$46K	$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	92.480	−0.173%	$999K	$3.8M	10x	as long as short
QFEX CRCL-USD	+0.0055%	1h	92.590	−0.054%	$1.3M	$1.6M	10x	as long as short
Injective CRCL/USDC PERP	+0.0072%	1h	92.090	−0.594%	$38K	$172K	30x	as long as short
Gate CRCL_USDT	+0.0079%	8h	92.660	+0.022%	$7.5M	$25.5M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0092%	8h	92.578	−0.067%	$426	$477	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.600	−0.043%	$139K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.550	−0.097%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	92.570	−0.076%	$68K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.600	−0.043%	$923	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.624	−0.017%	$4	—	10x	as long as short
Phoenix CRCL	+0.0197%	1h	92.540	−0.108%	$27K	$66K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	92.530	−0.119%	$93K	$208K	10x	as long as short
Variational Omni CRCL	+0.0256%	8h	92.573	−0.072%	$2.5M	$3.2M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0279%	8h	92.580	−0.065%	$22.7M	$56.6M	50x	as long as short
Nado CRCL-PERP	+0.0290%	1h	92.580	−0.065%	$154K	$94K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0290%	1h	92.560	−0.086%	$5K	$415K	10x	as long as short
Lighter CRCL	+0.0304%	1h	92.607	−0.036%	$3.0M	$2.1M	10x	as long as short
Binance CRCLUSDT	+0.0319%	8h	92.591	−0.053%	$106.7M	$351.0M	50x	as long as short
Extended CRCL_24_5-USD	+0.0320%	1h	92.559	−0.087%	$1.1M	$4.0M	10x	as long as short
Aster CRCLUSDT	+0.0326%	8h	92.634	−0.006%	$1.1M	$4.5M	20x	as long as short
BloFin CRCL-USDT	+0.0440%	8h	92.640	0.000%	$1.1M	$1.7M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0482%	8h	92.620	−0.022%	$68K	$979K	10x	as long as short
RISEx CRCL/USDC	+0.0528%	1h	92.599	−0.044%	$415K	$225K	10x	as long as short
edgeX CRCLUSDC	+0.0621%	4h	92.571	−0.074%	$53K	$270K	10x	as long as short