Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.005%

Price spread now: ApeX Omni against GRVT−0.172%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

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

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

Funding pays, the price is against you. ApeX Omni is 0.172% cheaper against GRVT than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.7 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.009% in total) that is about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRCL_USDT_Perp	94.462	0	get 0.0000% / 8h	7h 28m	$68K	$1.1M	10x
Short	ApeX Omni CRCLUSDT	94.300	0.0100	get 0.0013% / 1h	28m 39s	$69K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now −0.172%Rate

Funding earned: $21
Price spread: −0.172% → 0.000%: −$17.18
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$15.18
Costs to cover: 0.190%
Break-even: 12.1 days

Slippage unknown: GRVT: 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 GRVT live order book, 4 min ago	0.53 bp	8.9 bp −$9	13.8 bp −$138	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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.210	−0.267%	$942K	$622K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.420	−0.045%	$7.2M	$27.0M	50x	as long as short
GRVT CRCL_USDT_Perplong	0.0000%	8h	94.462	long leg	$68K	$1.1M	10x
Phemex CRCLUSDT	0.0000%	4h	94.330	−0.140%	$1.0M	$49K	10x	as long as short
Bybit CRCLUSDT	+0.0007%	8h	94.490	+0.029%	$15.5M	$25.7M	50x	as long as short
Bitget CRCLUSDT	+0.0031%	8h	94.460	−0.002%	$17.0M	$34.6M	25x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.487	+0.026%	$889K	$2.8M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.322	−0.148%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.350	−0.119%	$1.4M	$2.6M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.280	−0.193%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	94.416	−0.049%	$71.8M	$42.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.369	−0.099%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.373	−0.095%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.310	−0.161%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.400	−0.066%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.430	−0.034%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	94.300	−0.172%	$69K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.390	−0.077%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.397	−0.069%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0106%	8h	94.486	+0.025%	$775	$740	5x	as long as short
Variational Omni CRCL	+0.0127%	8h	94.450	−0.013%	$2.5M	$3.1M	—	as long as short
edgeX CRCLUSDC	+0.0141%	4h	94.435	−0.029%	$24K	$269K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0151%	8h	94.480	+0.019%	$22.8M	$59.5M	50x	as long as short
Binance CRCLUSDT	+0.0192%	8h	94.480	+0.019%	$109.4M	$386.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0192%	1h	94.460	−0.003%	$1.1M	$5.9M	10x	as long as short
Aster CRCLUSDT	+0.0197%	8h	94.406	−0.060%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0228%	1h	94.320	−0.150%	$132K	$76K	3x	as long as short
Phoenix CRCL	+0.0296%	1h	94.429	−0.035%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0304%	1h	94.500	+0.040%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0313%	8h	94.370	−0.098%	$1.1M	$560K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.890	+0.453%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0492%	1h	94.380	−0.087%	$4K	$769K	10x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.370	−0.098%	$96K	$273K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.386	−0.080%	$431K	$299K	10x	as long as short