Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h −0.057%

Price spread now: ApeX Omni against BloFin−0.130%103s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.308%−$31 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 0.130% cheaper against BloFin than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 15 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.308%, so the current rate has only just turned in your favour. The two prices were read 103 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	BloFin CRCL-USDT	92.040	0.0070	pay 0.0070% / 8h	3h 45m	$1.1M	$1.3M	20x
Short	ApeX Omni CRCLUSDT	91.920	0.0100	get 0.0013% / 1h	45m 21s	$68K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.130%Rate

Funding earned: $6.29
Price spread: −0.130% → 0.000%: −$13.04
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$28.75
Costs to cover: 0.220%
Break-even: 39.0 days

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	1.09 bp	9.0 bp −$9	13.5 bp −$135	37.3 bp −$3,731	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 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	−0.0696%	8h	91.970	−0.076%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.700	−0.369%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.920	−0.130%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.990	−0.054%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.979	−0.066%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.020	−0.022%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0012%	8h	91.985	−0.059%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.914	−0.137%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0017%	8h	91.940	−0.109%	$104.7M	$390.7M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.940	−0.109%	$2K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.970	−0.076%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	−0.163%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.840	−0.217%	$68.2M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.903	−0.149%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.928	−0.122%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.900	−0.152%	$1.0M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.940	−0.109%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0068%	8h	92.019	−0.022%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0070%	8h	91.960	−0.087%	$22.3M	$61.6M	50x	as long as short
BloFin CRCL-USDTlong	+0.0070%	8h	92.040	long leg	$1.1M	$1.3M	20x
Lighter RH CRCL	+0.0080%	1h	91.955	−0.092%	$974K	$2.9M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.928	−0.122%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.920	−0.130%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	91.920	−0.130%	$68K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.920	−0.130%	$916	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.915	−0.136%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.940	−0.109%	$418K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0132%	8h	91.911	−0.140%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	91.939	−0.110%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0288%	1h	91.952	−0.096%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0385%	1h	91.856	−0.200%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.550	+0.554%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0529%	4h	92.039	−0.001%	$51K	$277K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0730%	1h	91.960	−0.087%	$4K	$768K	10x	as long as short