Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h −0.121%

Price spread now: ApeX Omni against edgeX−0.127%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.723%−$72 on $10k

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. ApeX Omni is 0.127% cheaper against edgeX than usual: you would sell low and buy high (spread −0.127% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 12 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.723%, 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	edgeX CRCLUSDC	91.827	0.0065	pay 0.0032% / 4h	16m 08s	$51K	$276K	10x
Short	ApeX Omni CRCLUSDT	91.710	0.0100	get 0.0013% / 1h	16m 08s	$67K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now −0.127%Rate

Funding earned: $7.35
Price spread: −0.127% → 0.000%: −$12.74
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$24.39
Costs to cover: 0.190%
Break-even: 30.2 days

Slippage unknown: edgeX: live order book, 42 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 edgeX live order book, 42 min ago	6.52 bp	12.0 bp −$12	23.8 bp −$238	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	−0.0984%	8h	91.990	+0.178%	$16.5M	$35.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0069%	1h	91.660	−0.182%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.907	+0.087%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.915	+0.096%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.968	+0.154%	$104.7M	$389.6M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.970	+0.156%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.950	+0.134%	$418K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.030	+0.221%	$7.2M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.929	+0.111%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.850	+0.025%	$64K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.910	+0.090%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.790	−0.040%	$906K	$490K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0026%	8h	91.990	+0.178%	$22.1M	$61.2M	50x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.910	+0.090%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.974	+0.160%	$975K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0034%	1h	91.886	+0.064%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.840	+0.014%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.883	+0.061%	$68.5M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.913	+0.094%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.945	+0.128%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.760	−0.073%	$1.0M	$5.1M	10x	as long as short
edgeX CRCLUSDClong	+0.0065%	4h	91.827	long leg	$51K	$276K	10x
Pacifica CRCL	+0.0100%	1h	91.949	+0.133%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.880	+0.058%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	91.710	−0.127%	$67K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.910	+0.090%	$916	$2K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0101%	8h	91.927	+0.109%	$423	$905	5x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.919	+0.101%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.950	+0.134%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.825	−0.002%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0192%	1h	91.973	+0.159%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0302%	1h	91.874	+0.052%	$131K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.400	+0.624%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0730%	1h	91.940	+0.123%	$4K	$767K	10x	as long as short