Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.057%

Price spread now: ApeX Omni against BloFin−0.251%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on ApeX Omni

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.251% cheaper against BloFin 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	BloFin CRCL-USDT	91.700	0.0169	pay 0.0169% / 8h	2h 08m	$1.1M	$1.6M	20x
Short	ApeX Omni CRCLUSDT	91.470	0.0100	get 0.0013% / 1h	8m 18s	$67K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.251%Rate

Funding earned: −$14.49
Price spread: −0.251% → 0.000%: −$25.08
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$61.58
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 4 min ago	1.64 bp	9.6 bp −$10	11.7 bp −$117	24.9 bp −$2,491	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CRCLUSDT	−0.0918%	8h	91.810	+0.120%	$17.2M	$36.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0081%	1h	91.420	−0.305%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.740	+0.044%	$14.7M	$26.8M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.760	+0.065%	$7.7M	$27.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.539	−0.176%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.700	0.000%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.619	−0.088%	$977K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.426	−0.299%	$2K	$27K	5x	as long as short
Aster CRCLUSDT	+0.0038%	8h	91.616	−0.092%	$1.0M	$5.1M	20x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.500	−0.218%	$93K	$289K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	91.712	+0.013%	$384K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.714	+0.015%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.570	−0.142%	$1.1M	$5.2M	10x	as long as short
Binance CRCLUSDT	+0.0052%	8h	91.730	+0.033%	$104.5M	$397.4M	50x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.740	+0.044%	$1.3M	$1.8M	10x	as long as short
Extended CRCL_24_5-USD	+0.0056%	1h	91.706	+0.007%	$1.0M	$5.7M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0062%	1h	91.678	−0.024%	$67.9M	$44.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.590	−0.120%	$892K	$606K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.706	+0.007%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.620	−0.087%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	91.470	−0.251%	$67K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.710	+0.011%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.726	+0.028%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.720	+0.021%	$418K	$283K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0134%	8h	91.536	−0.179%	$65K	$1.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0134%	8h	91.684	−0.018%	$422	$905	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0150%	8h	91.780	+0.087%	$22.3M	$62.9M	50x	as long as short
BloFin CRCL-USDTlong	+0.0169%	8h	91.700	long leg	$1.1M	$1.6M	20x
Phoenix CRCL	+0.0210%	1h	91.229	−0.514%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0248%	1h	91.729	+0.032%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0329%	1h	91.607	−0.102%	$134K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.770	+0.076%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0552%	4h	91.496	−0.223%	$52K	$277K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1060%	1h	91.720	+0.022%	$4K	$768K	10x	as long as short