Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.004%

Price spread now: ApeX Omni against Bybit+0.043%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.043% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.072%, 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	Bybit CRCLUSDT	92.100	0	get 0.0000% / 8h	5h 06m	$15.2M	$25.9M	50x
Short	ApeX Omni CRCLUSDT	92.140	0.0100	get 0.0013% / 1h	6m 47s	$68K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.043%Rate

Funding earned: $21
Price spread: +0.043% → 0.000%: $4.34
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $4.34
Costs to cover: 0.210%
Break-even: 5.6 days

Slippage unknown: Bybit: 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 Bybit live order book, 2 min ago	1.09 bp	9.1 bp −$9	16.6 bp −$166	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 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	−0.1052%	8h	92.100	0.000%	$16.1M	$34.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0075%	1h	91.900	−0.217%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	92.080	−0.022%	$908K	$501K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.066	−0.037%	$1.1M	$5.7M	10x	as long as short
Bybit CRCLUSDTlong	0.0000%	8h	92.100	long leg	$15.2M	$25.9M	50x
RISEx CRCL/USDC	0.0000%	1h	92.115	+0.016%	$421K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.160	+0.065%	$7.2M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.197	+0.105%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.212	+0.121%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.140	+0.043%	$1.0M	$49K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRCLUSDT	0.0000%	8h	92.085	−0.016%	$105.2M	$386.2M	50x	as long as short
BloFin CRCL-USDT	+0.0001%	8h	92.100	0.000%	$1.1M	$1.3M	20x	as long as short
Aster CRCLUSDT	+0.0008%	8h	92.115	+0.016%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0010%	8h	92.060	−0.043%	$21.6M	$59.7M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	92.079	−0.023%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	92.060	−0.043%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.137	+0.040%	$977K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.120	+0.022%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.009	−0.099%	$68.6M	$41.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.100	0.000%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.082	−0.020%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.110	+0.011%	$1.0M	$5.2M	10x	as long as short
edgeX CRCLUSDC	+0.0057%	4h	92.204	+0.113%	$23K	$248K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0076%	1h	92.120	+0.022%	$4K	$767K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0085%	8h	92.144	+0.048%	$756	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.116	+0.017%	$133K	$156K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.110	+0.011%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	92.140	+0.043%	$68K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.130	+0.033%	$919	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.101	+0.001%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	92.176	+0.083%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0224%	1h	92.105	+0.005%	$131K	$104K	3x	as long as short
Lighter CRCL	+0.0224%	1h	92.069	−0.034%	$3.0M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.530	+0.467%	$5K	$19K	30x	as long as short