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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.016%
Price spread now: ApeX Omni against QFEX+0.121%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.121% dearer against QFEX than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX CRCL-USD91.2100.0065pay 0.0008% / 1h41m 14s$1.3M$1.7M10x
ShortApeX Omni CRCLUSDT91.3200.0100get 0.0013% / 1h41m 14s$67K$4K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against QFEX. 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
$7.31
Price spread: +0.121% → 0.000%
$12.06
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$0.63
Costs to cover
0.200%
Break-even
7.6 days
Slippage unknown: QFEX: live order book, 6 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
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 6 min ago1.64 bp8.3 bp −$88.8 bp −$8814.0 bp −$1,402doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CRCLUSDT−0.0145%8h91.230+0.022%$17.3M$36.6M25xas long as short
Vest CRCL-USD-PERP−0.0092%1h91.030−0.197%$31K25xas long as short
Phemex CRCLUSDT0.0000%4h91.2100.000%$1.0M$48K10xas long as short
Bybit CRCLUSDT+0.0008%8h91.180−0.033%$14.9M$26.5M50xas long as short
Gate CRCL_USDT+0.0030%8h91.270+0.066%$7.8M$26.3M50xas long as short
Lighter RH CRCL+0.0032%1h91.168−0.046%$982K$2.4M10xas long as short
Coinbase International CRCL-PERP-INTX+0.0032%1h91.190−0.022%$872K$505K10xas long as short
Aftermath Perps CRCLUSD+0.0037%1h91.238+0.030%$2K$29K5xas long as short
Arcus CRCL-USD+0.0040%1h91.160−0.055%$95K$287K10xas long as short
tradeXYZ xyz:CRCL+0.0050%1h91.126−0.092%$67.2M$44.3M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps CRCL-USD+0.0050%1h91.140−0.077%$377K$1.2M10xas long as short
SoDEX CRCL-USD+0.0050%1h91.172−0.042%$46K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h91.150−0.066%$1.1M$4.8M10xas long as short
QFEX CRCL-USDlong+0.0065%1h91.210long leg$1.3M$1.7M10x
Pacifica CRCL+0.0100%1h91.190−0.022%$134K$159K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.250+0.044%$2.6M$1.7M20xas long as short
ApeX Omni CRCLUSDTshort+0.0100%1h91.320+0.121%$67K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.190−0.022%$909$1K10xas long as short
Aevo CRCL-PERP+0.0104%1h91.184−0.029%$410xas long as short
Paradex CRCL-USD-PERP+0.0139%8h91.171−0.042%$419$7665xas long as short
Variational Omni CRCL+0.0157%8h91.350+0.153%$2.4M$3.3Mas long as short
Lighter CRCL+0.0184%1h91.204−0.007%$2.9M$2.1M10xas long as short
Aster CRCLUSDT+0.0221%8h91.240+0.033%$1.0M$5.0M20xas long as short
Binance CRCLUSDT+0.0236%8h91.182−0.031%$104.8M$387.7M50xas long as short
Extended CRCL_24_5-USD+0.0240%1h91.173−0.041%$1.1M$5.1M10xas long as short
Phoenix CRCL+0.0254%1h91.196−0.015%$27K$66K10xas long as short
OKX CRCL-USDT-SWAP+0.0294%8h91.200−0.011%$22.2M$61.4M50xas long as short
GRVT CRCL_USDT_Perp+0.0326%8h91.300+0.099%$62K$1.1M10xas long as short
BloFin CRCL-USDT+0.0356%8h91.200−0.011%$1.1M$1.7M20xas long as short
Nado CRCL-PERP+0.0362%1h91.118−0.101%$134K$109K3xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0408%1h91.180−0.033%$5K$769K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.170+1.053%$5K$19K30xas long as short
RISEx CRCL/USDC+0.0501%1h91.225+0.016%$412K$258K10xas long as short
edgeX CRCLUSDC+0.0927%4h91.362+0.166%$52K$271K10xas long as short