Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.057%

Price spread now: BloFin against ApeX Omni+0.109%7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.308%+$31 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.109% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CRCLUSDT	91.990	0.0100	pay 0.0013% / 1h	11m 46s	$68K	$4K	50x
Short	BloFin CRCL-USDT	92.090	0.0120	get 0.0120% / 8h	4h 11m	$1.1M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now +0.109%Rate

Funding earned: $4.2
Price spread: +0.109% → 0.000%: $10.87
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$6.93
Costs to cover: 0.220%
Break-even: 18.5 days

Slippage unknown: ApeX Omni: no order-book sample; BloFin: live order book, 1 min ago. 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell BloFin live order book, 1 min ago	1.09 bp	10.3 bp −$10	13.5 bp −$135	31.2 bp −$3,118	doesn't fit

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	−0.0939%	8h	92.210	+0.239%	$16.6M	$35.2M	25x	as long as short
Vest CRCL-USD-PERP	−0.0069%	1h	91.870	−0.130%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	92.078	+0.095%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.134	+0.157%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	92.159	+0.184%	$104.9M	$390.0M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.160	+0.185%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.110	+0.130%	$419K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.190	+0.217%	$7.2M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.929	−0.066%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.052	+0.068%	$64K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	92.040	+0.054%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.990	0.000%	$908K	$491K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	92.130	+0.152%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.149	+0.173%	$977K	$2.9M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0034%	8h	92.180	+0.207%	$22.3M	$61.5M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	91.962	−0.030%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.980	−0.011%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.074	+0.091%	$68.6M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.083	+0.101%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.136	+0.159%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.000	+0.011%	$1.0M	$5.2M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.040	+0.054%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.070	+0.087%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTlong	+0.0100%	1h	91.990	long leg	$68K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.120	+0.141%	$918	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.123	+0.145%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0107%	8h	92.082	+0.100%	$424	$905	5x	as long as short
BloFin CRCL-USDTshort	+0.0120%	8h	92.090	+0.109%	$1.1M	$1.3M	20x
Phoenix CRCL	+0.0148%	1h	92.044	+0.059%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0208%	1h	92.148	+0.172%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0223%	4h	91.994	+0.005%	$51K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0307%	1h	92.035	+0.049%	$131K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.400	+0.446%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0728%	1h	92.120	+0.141%	$4K	$767K	10x	as long as short