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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: ApeX Omni against Ondo Perps+0.043%7-day average · you sell dearer than you buy
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+0.093%+$9 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.043% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps CRCL-USD.P92.4900.0050pay 0.0006% / 1h27m 31s$999K$3.8M10x
ShortApeX Omni CRCLUSDT92.5300.0100get 0.0013% / 1h27m 31s$68K$4K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Ondo Perps. 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
$10.42
Price spread: +0.043% → 0.000%
$4.32
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$0.26
Costs to cover
0.150%
Break-even
7.2 days
Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample
Sell ApeX Omni no order-book sample
Ondo Perps 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International CRCL-PERP-INTX−0.0048%1h92.570+0.086%$866K$745K10xas long as short
Bybit CRCLUSDT0.0000%8h92.600+0.119%$15.0M$25.1M50xas long as short
Bitget CRCLUSDT0.0000%8h92.610+0.130%$18.5M$33.5M25xas long as short
Phemex CRCLUSDT0.0000%4h92.580+0.097%$1.0M$45K10xas long as short
Vest CRCL-USD-PERP+0.0015%1h92.450−0.043%$30K25xas long as short
Lighter RH CRCL+0.0032%1h92.616+0.136%$999K$2.5M10xas long as short
Aftermath Perps CRCLUSD+0.0041%1h92.591+0.109%$2K$29K5xas long as short
tradeXYZ xyz:CRCL+0.0050%1h92.539+0.053%$67.6M$39.8M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h92.582+0.099%$329K$951K10xas long as short
SoDEX CRCL-USD+0.0050%1h92.576+0.093%$46K$3K10xas long as short
Show all 34 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps CRCL-USD.Plong+0.0050%1h92.490long leg$999K$3.8M10x
QFEX CRCL-USD+0.0055%1h92.580+0.097%$1.3M$1.6M10xas long as short
Injective CRCL/USDC PERP+0.0072%1h92.090−0.432%$38K$172K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0074%1h92.600+0.119%$5K$415K10xas long as short
Gate CRCL_USDT+0.0082%8h92.660+0.184%$7.5M$25.5M50xas long as short
Paradex CRCL-USD-PERP+0.0091%8h92.577+0.094%$426$4775xas long as short
Pacifica CRCL+0.0100%1h92.550+0.065%$139K$139K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h92.590+0.108%$2.6M$1.6M20xas long as short
ApeX Omni CRCLUSDTshort+0.0100%1h92.530+0.043%$68K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h92.600+0.119%$923$1K10xas long as short
Aevo CRCL-PERP+0.0104%1h92.605+0.124%$410xas long as short
edgeX CRCLUSDC+0.0125%4h92.613+0.133%$53K$268K10xas long as short
Phoenix CRCL+0.0197%1h92.540+0.054%$27K$66K10xas long as short
Arcus CRCL-USD+0.0214%1h92.550+0.065%$93K$205K10xas long as short
Variational Omni CRCL+0.0256%8h92.573+0.090%$2.5M$3.2Mas long as short
OKX CRCL-USDT-SWAP+0.0276%8h92.570+0.086%$22.7M$56.5M50xas long as short
Nado CRCL-PERP+0.0291%1h92.451−0.042%$154K$94K3xas long as short
Lighter CRCL+0.0296%1h92.630+0.151%$3.0M$2.1M10xas long as short
Binance CRCLUSDT+0.0314%8h92.570+0.086%$106.6M$350.2M50xas long as short
Aster CRCLUSDT+0.0320%8h92.633+0.154%$1.1M$4.5M20xas long as short
Extended CRCL_24_5-USD+0.0320%1h92.563+0.079%$1.1M$4.0M10xas long as short
BloFin CRCL-USDT+0.0440%8h92.640+0.162%$1.1M$1.7M20xas long as short
GRVT CRCL_USDT_Perp+0.0482%8h92.620+0.141%$68K$979K10xas long as short
RISEx CRCL/USDC+0.0528%1h92.597+0.115%$415K$225K10xas long as short