Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h −0.029%

Price spread now: ApeX Omni against OKX−0.054%80s7-day average — · you buy dearer than you sell

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

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.054% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 80 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	OKX CRCL-USDT-SWAP	91.770	0.0218	pay 0.0218% / 8h	1h 14m	$22.3M	$62.8M	50x
Short	ApeX Omni CRCLUSDT	91.720	0.0100	get 0.0013% / 1h	14m 10s	$67K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.054%Rate

Funding earned: −$24.7
Price spread: −0.054% → 0.000%: −$5.45
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$50.15
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	0.55 bp	7.4 bp −$7	14.2 bp −$142	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	−0.0497%	8h	91.820	+0.054%	$17.6M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0082%	1h	91.460	−0.338%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.760	−0.011%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.800	+0.033%	$7.8M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.760	−0.011%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0032%	8h	91.749	−0.023%	$2.4M	$3.2M	—	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.689	−0.088%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.700	−0.076%	$94K	$292K	10x	as long as short
Lighter RH CRCL	+0.0048%	1h	91.770	0.000%	$981K	$2.7M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.750	−0.022%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.670	−0.109%	$1.1M	$5.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.790	+0.022%	$894K	$504K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.690	−0.087%	$1.3M	$1.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.728	−0.046%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.710	−0.065%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	91.720	−0.054%	$67K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.730	−0.044%	$915	$2K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0101%	1h	91.701	−0.075%	$67.9M	$44.5M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.757	−0.014%	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0115%	8h	91.775	+0.005%	$1.0M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0128%	1h	91.743	−0.029%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0130%	8h	91.770	0.000%	$105.0M	$398.0M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0140%	1h	91.741	−0.032%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0177%	8h	91.710	−0.066%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0201%	8h	91.760	−0.011%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0218%	8h	91.770	long leg	$22.3M	$62.8M	50x
Phoenix CRCL	+0.0245%	1h	91.779	+0.010%	$27K	$82K	10x	as long as short
BloFin CRCL-USDT	+0.0248%	8h	91.760	−0.011%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.740	−0.033%	$418K	$267K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.786	+0.017%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0388%	4h	91.794	+0.027%	$52K	$278K	10x	as long as short
Nado CRCL-PERP	+0.0420%	1h	91.637	−0.145%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.210	+0.479%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0623%	1h	91.740	−0.033%	$5K	$769K	10x	as long as short