Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Gate−0.075%96s7-day average — · you buy dearer than you sell

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

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 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 0.075% cheaper against Gate than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 9.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.088%, so the current rate has only just turned in your favour. The two prices were read 96 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	Gate CRCL_USDT	92.780	0.0073	pay 0.0073% / 8h	6h 59m	$7.3M	$28.1M	50x
Short	ApeX Omni CRCLUSDT	92.710	0.0100	get 0.0013% / 1h	59m 40s	$68K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.075%Rate

Funding earned: $5.67
Price spread: −0.075% → 0.000%: −$7.54
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$26.87
Costs to cover: 0.250%
Break-even: 40.2 days

Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago	2.69 bp	13.8 bp −$14	25.5 bp −$255	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
Vest CRCL-USD-PERP	−0.0073%	1h	92.510	−0.291%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.660	−0.129%	$18.0M	$35.2M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.730	−0.054%	$1.0M	$46K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.644	−0.147%	$994K	$2.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	92.580	−0.216%	$891K	$682K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	92.676	−0.112%	$2K	$29K	5x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.510	−0.291%	$1.1M	$4.3M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	92.590	−0.205%	$1.4M	$1.7M	10x	as long as short
Gate CRCL_USDTlong	+0.0073%	8h	92.780	long leg	$7.3M	$28.1M	50x
Polymarket Perps CRCL-USD	+0.0093%	1h	92.679	−0.109%	$381K	$964K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	92.550	−0.248%	$136K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.660	−0.129%	$2.7M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	92.710	−0.075%	$68K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.720	−0.065%	$924	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.741	−0.042%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0167%	8h	92.587	−0.208%	$426	$766	5x	as long as short
Bybit CRCLUSDT	+0.0182%	8h	92.630	−0.162%	$15.1M	$26.1M	50x	as long as short
Lighter CRCL	+0.0208%	1h	92.643	−0.148%	$3.0M	$2.0M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	92.745	−0.038%	$27K	$66K	10x	as long as short
Variational Omni CRCL	+0.0257%	8h	92.578	−0.218%	$2.4M	$3.2M	—	as long as short
Aster CRCLUSDT	+0.0310%	8h	92.672	−0.117%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0312%	8h	92.630	−0.162%	$22.6M	$59.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0320%	1h	92.697	−0.090%	$1.1M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0324%	8h	92.600	−0.194%	$106.7M	$377.6M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0358%	1h	92.608	−0.185%	$67.8M	$42.8M	10x	as long as short
Nado CRCL-PERP	+0.0364%	1h	92.551	−0.247%	$149K	$111K	3x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.620	−0.172%	$96K	$269K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.200	+0.453%	$39K	$172K	30x	as long as short
BloFin CRCL-USDT	+0.0443%	8h	92.620	−0.172%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	92.670	−0.119%	$415K	$256K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0613%	1h	92.730	−0.054%	$5K	$622K	10x	as long as short
SoDEX CRCL-USD	+0.0654%	1h	92.669	−0.120%	$46K	$3K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0771%	8h	92.761	−0.020%	$70K	$1.1M	10x	as long as short
edgeX CRCLUSDC	+0.0825%	4h	92.817	+0.040%	$53K	$269K	10x	as long as short