Settings8H · net · $10k
Funding arb · Price arb /

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0340%/8h= −37.2% APRnext payment $0.43 per $10,000 · paid last 24h −0.102%
Price spread now: ApeX Omni against Injective−0.945%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.652%−$65 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and ApeX Omni is 0.945% cheaper against Injective than usual: you would sell low and buy high (−$95 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective CRCL/USDC PERP92.0400.0440pay 0.0055% / 1h28m 56s$5K$19K30x
ShortApeX Omni CRCLUSDT91.1700.0100get 0.0013% / 1h28m 56s$67K$4K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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

Funding earned
−$71.4
Price spread: −0.945% → 0.000%
−$94.52
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$175.94
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell ApeX Omni no order-book sample
Injective and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CRCLUSDT−0.0899%8h91.210−0.902%$16.7M$36.3M25xas long as short
Vest CRCL-USD-PERP−0.0072%1h90.910−1.228%$31K25xas long as short
Bybit CRCLUSDT0.0000%8h91.090−1.032%$14.5M$26.9M50xas long as short
Gate CRCL_USDT0.0000%8h91.180−0.934%$7.6M$27.4M50xas long as short
Variational Omni CRCL0.0000%8h91.161−0.955%$2.4M$3.2Mas long as short
Phemex CRCLUSDT0.0000%4h91.180−0.934%$1.0M$48K10xas long as short
Aster CRCLUSDT+0.0012%8h91.147−0.971%$1.0M$5.1M20xas long as short
Extended CRCL_24_5-USD+0.0024%1h91.175−0.939%$1.1M$5.6M10xas long as short
Binance CRCLUSDT+0.0025%8h91.100−1.021%$103.5M$395.0M50xas long as short
Lighter RH CRCL+0.0032%1h91.157−0.959%$971K$2.9M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus CRCL-USD+0.0040%1h91.180−0.934%$93K$291K10xas long as short
Aftermath Perps CRCLUSD+0.0041%1h91.178−0.937%$2K$26K5xas long as short
tradeXYZ xyz:CRCL+0.0050%1h91.043−1.083%$68.1M$43.3M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h91.195−0.918%$382K$1.2M10xas long as short
SoDEX CRCL-USD+0.0050%1h91.182−0.932%$46K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h91.070−1.054%$1.0M$5.1M10xas long as short
QFEX CRCL-USD+0.0054%1h91.200−0.913%$1.3M$1.8M10xas long as short
Coinbase International CRCL-PERP-INTX+0.0072%1h91.180−0.934%$913K$529K10xas long as short
Paradex CRCL-USD-PERP+0.0091%8h91.173−0.942%$419$9055xas long as short
BloFin CRCL-USDT+0.0100%8h91.250−0.858%$1.1M$1.6M20xas long as short
Pacifica CRCL+0.0100%1h91.180−0.934%$133K$161K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.210−0.902%$2.7M$1.8M20xas long as short
ApeX Omni CRCLUSDTshort+0.0100%1h91.170−0.945%$67K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.190−0.924%$909$2K10xas long as short
GRVT CRCL_USDT_Perp+0.0101%8h91.190−0.923%$62K$1.1M10xas long as short
Aevo CRCL-PERP+0.0104%1h91.187−0.927%$410xas long as short
OKX CRCL-USDT-SWAP+0.0115%8h91.110−1.010%$22.1M$61.8M50xas long as short
RISEx CRCL/USDC+0.0117%1h91.217−0.894%$415K$294K10xas long as short
Phoenix CRCL+0.0210%1h91.148−0.969%$27K$82K10xas long as short
Lighter CRCL+0.0216%1h91.173−0.942%$2.9M$2.4M10xas long as short
Nado CRCL-PERP+0.0306%1h91.135−0.984%$133K$108K3xas long as short
Injective CRCL/USDC PERPlong+0.0440%1h92.040long leg$5K$19K30x
Deribit CRCL_USDC-PERPETUAL+0.0628%1h91.200−0.913%$4K$768K10xas long as short
edgeX CRCLUSDC+0.0917%4h91.164−0.952%$52K$278K10xas long as short