Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.002%

Price spread now: ApeX Omni against Paradex−0.246%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.246% cheaper against Paradex than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CRCL-USD-PERP	91.785	0.0160	pay 0.0160% / 8h	1h 21m	$422	$905	5x
Short	ApeX Omni CRCLUSDT	91.560	0.0100	get 0.0013% / 1h	21m 33s	$67K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now −0.246%Rate

Funding earned: −$12.64
Price spread: −0.246% → 0.000%: −$24.56
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$51.21
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni no order-book sample	—	—	—	—	—

Paradex 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CRCLUSDT	−0.0615%	8h	91.820	+0.038%	$17.6M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0085%	1h	91.480	−0.333%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.820	+0.038%	$14.7M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.830	+0.049%	$7.8M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.710	−0.082%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0003%	8h	91.579	−0.225%	$2.4M	$3.2M	—	as long as short
Lighter RH CRCL	+0.0032%	1h	91.811	+0.028%	$980K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.527	−0.282%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.610	−0.191%	$95K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.643	−0.155%	$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	−0.126%	$1.1M	$5.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.560	−0.246%	$891K	$615K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.760	−0.028%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0086%	1h	91.743	−0.046%	$67.9M	$44.4M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.770	−0.017%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.700	−0.093%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	91.560	−0.246%	$67K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.650	−0.148%	$914	$2K	10x	as long as short
Aster CRCLUSDT	+0.0103%	8h	91.736	−0.054%	$1.0M	$5.1M	20x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.659	−0.138%	$4	—	10x	as long as short
Extended CRCL_24_5-USD	+0.0112%	1h	91.778	−0.008%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0116%	8h	91.810	+0.027%	$104.9M	$397.6M	50x	as long as short
edgeX CRCLUSDC	+0.0127%	4h	91.661	−0.136%	$52K	$277K	10x	as long as short
Polymarket Perps CRCL-USD	+0.0132%	1h	91.676	−0.119%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERPlong	+0.0160%	8h	91.785	long leg	$422	$905	5x
GRVT CRCL_USDT_Perp	+0.0193%	8h	91.680	−0.115%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0209%	8h	91.800	+0.016%	$22.3M	$62.8M	50x	as long as short
BloFin CRCL-USDT	+0.0228%	8h	91.700	−0.093%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.587	−0.216%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.706	−0.087%	$418K	$268K	10x	as long as short
Lighter CRCL	+0.0272%	1h	91.808	+0.025%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0399%	1h	91.696	−0.097%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.100	+0.343%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0733%	1h	91.660	−0.137%	$5K	$769K	10x	as long as short