Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.4% APRnext payment −$0.24 per $10,000 · paid last 24h −0.026%
Price spread now: ApeX Omni against Phoenix−0.137%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.073%−$7 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 −$6 a day on $10k at the current rate, and ApeX Omni is 0.137% cheaper against Phoenix than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRCL | 94.429 | 0.0296 | pay 0.0037% / 1h | 28m 17s | $28K | $92K | 10x |
| Short | ApeX Omni CRCLUSDT | 94.300 | 0.0100 | get 0.0013% / 1h | 28m 17s | $69K | $4K | 50x |
Phoenix CRCL
ApeX Omni CRCLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.11
- Price spread: −0.137% → 0.000%
- −$13.66
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$71.77
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell ApeX Omni no order-book sample | — | — | — | — | — |
Phoenix 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | −0.0064% | 1h | 94.210 | −0.232% | $942K | $622K | 10x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 94.450 | +0.022% | $7.2M | $27.0M | 50x | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 94.462 | +0.035% | $68K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 94.330 | −0.105% | $1.0M | $49K | 10x | as long as short |
| Bybit CRCLUSDT | +0.0007% | 8h | 94.460 | +0.033% | $15.5M | $25.7M | 50x | as long as short |
| Bitget CRCLUSDT | +0.0031% | 8h | 94.460 | +0.033% | $17.0M | $34.6M | 25x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 94.487 | +0.061% | $889K | $2.8M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0042% | 1h | 94.333 | −0.101% | $2K | $22K | 5x | as long as short |
| QFEX CRCL-USD | +0.0042% | 1h | 94.450 | +0.022% | $1.4M | $2.6M | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.0046% | 1h | 94.310 | −0.126% | — | $37K | 25x | as long as short |
Coinbase International CRCL-PERP-INTX
Gate CRCL_USDT
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Bybit CRCLUSDT
Bitget CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
QFEX CRCL-USD
Vest CRCL-USD-PERPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 94.384 | −0.048% | $71.8M | $42.2M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 94.423 | −0.006% | $366K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 94.443 | +0.015% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 94.310 | −0.126% | $1.0M | $5.7M | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 94.400 | −0.031% | $76K | $99K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 94.420 | −0.010% | $3.0M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDTshort | +0.0100% | 1h | 94.300 | −0.137% | $69K | $4K | 50x | |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 94.450 | +0.022% | $942 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 94.452 | +0.025% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0106% | 8h | 94.486 | +0.060% | $775 | $740 | 5x | as long as short |
| Variational Omni CRCL | +0.0127% | 8h | 94.450 | +0.023% | $2.5M | $3.1M | — | as long as short |
| edgeX CRCLUSDC | +0.0141% | 4h | 94.435 | +0.006% | $24K | $269K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0149% | 8h | 94.450 | +0.022% | $22.8M | $59.5M | 50x | as long as short |
| Binance CRCLUSDT | +0.0192% | 8h | 94.460 | +0.033% | $109.4M | $386.2M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0192% | 1h | 94.440 | +0.011% | $1.1M | $5.9M | 10x | as long as short |
| Aster CRCLUSDT | +0.0197% | 8h | 94.471 | +0.045% | $1.1M | $4.9M | 20x | as long as short |
| Nado CRCL-PERP | +0.0228% | 1h | 94.405 | −0.025% | $132K | $76K | 3x | as long as short |
| Phoenix CRCLlong | +0.0296% | 1h | 94.429 | long leg | $28K | $92K | 10x | |
| Lighter CRCL | +0.0304% | 1h | 94.500 | +0.075% | $3.1M | $2.2M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0313% | 8h | 94.370 | −0.062% | $1.1M | $560K | 20x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 94.890 | +0.488% | $5K | $19K | 30x | as long as short |
| Arcus CRCL-USD | +0.0521% | 1h | 94.370 | −0.062% | $96K | $273K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0598% | 1h | 94.440 | +0.012% | $4K | $769K | 10x | as long as short |
| RISEx CRCL/USDC | +0.0677% | 1h | 94.471 | +0.045% | $431K | $299K | 10x | as long as short |
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
Pacifica CRCL
KuCoin CRCLUSDTM
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Variational Omni CRCL
edgeX CRCLUSDC
OKX CRCL-USDT-SWAP
Binance CRCLUSDT
Extended CRCL_24_5-USD
Aster CRCLUSDT
Nado CRCL-PERP
Lighter CRCL
BloFin CRCL-USDT
Injective CRCL/USDC PERP
Arcus CRCL-USD
Deribit CRCL_USDC-PERPETUAL
RISEx CRCL/USDC