Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h +0.121%

Price spread now: edgeX against ApeX Omni−0.135%7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.723%+$72 on $10k

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

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.135% cheaper against ApeX Omni 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. Mind the row above: over the last 7 days funding on this pair paid +0.723%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CRCLUSDT	91.500	0.0100	pay 0.0013% / 1h	50m 25s	$67K	$4K	50x
Short	edgeX CRCLUSDC	91.376	0.0055	get 0.0028% / 4h	1h 50m	$23K	$267K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$9.38
Price spread: −0.135% → 0.000%: −$13.53
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$41.91
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; edgeX: live order book, 12 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 edgeX live order book, 12 min ago	5.98 bp	11.4 bp −$11	23.5 bp −$235	doesn't fit	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 33 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	−0.1163%	8h	91.320	−0.197%	$15.6M	$34.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0075%	1h	90.980	−0.568%	—	$38K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.330	−0.186%	$901K	$540K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.170	−0.361%	$14.9M	$25.6M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.198	−0.330%	$416K	$297K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.250	−0.273%	$7.0M	$26.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.307	−0.211%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.480	−0.022%	$67K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.440	−0.066%	$1.0M	$49K	10x	as long as short
Binance CRCLUSDT	+0.0016%	8h	91.171	−0.359%	$103.6M	$383.3M	50x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRCL_24_5-USD	+0.0016%	1h	91.189	−0.340%	$1.1M	$5.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	91.516	+0.018%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.230	−0.295%	$1.3M	$2.2M	10x	as long as short
Aster CRCLUSDT	+0.0025%	8h	91.296	−0.222%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0031%	8h	91.150	−0.383%	$21.5M	$58.9M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.311	−0.207%	$970K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.440	−0.066%	$93K	$270K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.111	−0.425%	$68.2M	$41.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.110	−0.426%	$353K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.410	−0.098%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.160	−0.372%	$973K	$5.1M	10x	as long as short
edgeX CRCLUSDCshort	+0.0055%	4h	91.376	−0.135%	$23K	$267K	10x
Paradex CRCL-USD-PERP	+0.0070%	8h	91.371	−0.141%	$749	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.338	−0.177%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.400	−0.109%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTlong	+0.0100%	1h	91.500	long leg	$67K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.410	−0.098%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.372	−0.139%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	91.382	−0.129%	$27K	$84K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0188%	1h	91.420	−0.087%	$4K	$767K	10x	as long as short
Nado CRCL-PERP	+0.0205%	1h	91.164	−0.367%	$130K	$103K	3x	as long as short
Lighter CRCL	+0.0280%	1h	91.369	−0.143%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.900	+0.437%	$5K	$19K	30x	as long as short